A Comprehensive Guide to Malaysia’s Free Trade Zones

A network of free trade zones (FTZs) has been constructed by Malaysia, a strategically important country in Southeast Asia, to draw in both local and international investment. These zones provide enterprises with advantages, including business environments, customs rights, and tax incentives. 

Let’s examine a few of Malaysia’s most important FTZs.

Northern Corridor Economic Region (NCER)

1. Location: States of Kedah, Penang, and Perak
2. Important Sectors: Automotive, Electronics, Manufacturing, Electrical Equipment, and Logistics
3. Speciality Products: A well-developed infrastructure and close proximity to the Penang International Airport and the Kuantan Port.

Southern Corridor Economic Region (SCER)

1. State of Johor
2. Automotive, petrochemical, manufacturing, and logistics are the key industries.
3. Prominent features include a strong economy, proximity to Singapore, and ease of access to the Johor Bahru Port.

East Coast Economic Region (ECER)

1. Location: Terengganu, Kelantan, and Pahang states
2. Manufacturing, tourism, agriculture, and oil and gas are important industries.
3. The region’s distinctive selling qualities are its abundance of natural resources, close proximity to the South China Sea, and a burgeoning tourism economy.

Labuan International Business and Financial Centre (LIBFC)

1. Island of Labuan
2. Important Sectors: Insurance, offshore banking, and financial services
3. Benefits that set it apart from the competition include tax exemption, reputation as a worldwide financial hub, and an atmosphere that is friendly to foreign businesses.

Iskandar Malaysia

1. State of Johor
2. Important Industries: Urban Development, Tourism, Manufacturing, and Logistics
3. The strategic position close to Singapore, the emphasis on sustainable growth, and the abundance of investment prospects are the company’s unique selling points.

Sabah and Sarawak

1. East Malaysia
2. Important Industries: Tourism, Mining, Forestry, and Agriculture
3. Prominent natural resources, a developing tourism industry, and the possibility of industrial growth are its unique selling points.

These are but a handful of Malaysia’s many Free Trade Zones. Every zone has distinct benefits and chances for companies wishing to invest in the nation. Businesses may identify the best location for their operations and optimize their development potential by knowing the unique features of each zone. Studying a lot of list of free trade zones in Malaysia can help you find places that you like to be.