Why Malaysia Is the Next Big Destination for Top International Tech Professionals
If you’re in the tech industry and are looking to relocate, there’s no place like Malaysia. Nestled in the heart of Southeast Asia, this diverse, multi-cultural country is home to some of the best tech talent in the world, and for a good reason. But don’t just take our word for it, in one of its reports, the World Bank stated that Malaysia is ranked in the top 20 countries in the world that facilitate ease of doing business. Malaysia was ahead of Switzerland, the UAE and even Japan in terms of conducting business. The economic growth of Malaysia is also commendable and has played a considerable role in the digital transformation of the country, making it a hub for techies seeking international opportunities. Malaysia offers a mélange of opportunity for all, top global tech professionals. Here is why we think Malaysia is the go-to destination for the top techies.
Excellent opportunity on a global scale
Besides having a resilient economy, Malaysia is also home to an ever-growing number of MNCs with their headquarters stationed in Malaysia. One of the primary reasons is the investment incentives and the influx of new jobs created due to the establishing of the operations of multinationals and local businesses alike. The Star reports that 1.8 million jobs were created in 2010 across an array of industries. It’s not just the policies and incentives that attract the big players; it’s also the prime, geographical location. Malaysia is very well-connected to the rest of Asia and there is an absence of a language barrier.
Taking steps in the right direction
The Economic Transformation Programme or ETP is specially designed to foster healthy competition among Malaysian companies which facilitates a very business-friendly environment. If that isn’t enough reason, another noteworthy fact is that Malaysia is ranked as the sixth most attractive destination for investment by Foreign Policy Magazine’s Baseline Profitability Index or BPI. According to A T Kearney’s Global Services Location Index, Malaysia is the third most preferred destination for outsourcing activities. This is based on factors such as financial stabilities, business environment, and skill gaps.
Talent positive policies
In an effort to encourage the return of the best Malaysian professionals from abroad, a body called TalentCorp oversees REP or the Returning Expert Programme and the Residence Pass-Talent. This was put in place by the World Bank so that Malaysia could retain its best talent. Remember, if you’re already in Malaysia then you’re in one of the best places to be!
A melting pot of cultures
Besides having a stable and strong economy and excellent incentives, Malaysia is considered the gateway to the ASEAN market and is home to a mix of cultures. Living and working in Malaysia provides a great opportunity for professionals to network and learn from a variety of cultural and professional values. If you’re a foreigner in Malaysia, the odds of you meeting someone from your home country are very high considering the cosmopolitan nature of the country.
One of the most ‘livable’ places in the world
Did you know that Kuala Lumpur was voted among the top 100 most livable cities in the world? The Economist Intelligence Unit (EIU)’s 2014 Global Livability Ranking considered five points – stability, healthcare, culture and environment, education, and infrastructure. That’s not all, Malaysia was also ranked as the 20thbest country to live in as an expat, based on benefits provided by employers and the government, the moderate climate, and the ability to lead a healthy social life since it’s such a diverse country. HSBC’s “Expat Explorer: Balancing Life Abroad” report, which was based on findings of 21,950 expats globally, rated Malaysia as one of the top five destinations for career satisfaction.
So it’s no surprise that Malaysia has become a hot spot for the best, international techies. It’s not just the professional scope that’s been attracting the best talent, it’s also the numerous government policies and the cosmopolitan nature of this country that will give you a competitive edge above the rest.
Speaking of the space which we operate in – the healthcare technology space – we are already seeing cutting-edge work being done. The government has strong plans in place to make Malaysian healthcare lead the world in smart hospitals initiatives. We are super excited to contribute to this transformation. If you would like to be a part of this journey, come, join us. Let us together make the world a smarter and healthier place to live.