Legal & Ethics
Malaysia
is no different than other countries with regards to the business laws, but, it
has been written to
suit the culture of its’ citizens. For example, prior permission of the Foreign Investment Committee (FIC) has
to be obtained before an acquisition of a substantial fixed asset in Malaysia by a foreign interest which
includes non-Malaysian individuals, companies incorporated outside Malaysia, and Malaysian incorporated
companies in which foreign interests hold more than 50% of the voting shares or has management control.
Other than that, Malaysia also practices Islamic law for the Muslim citizen.
suit the culture of its’ citizens. For example, prior permission of the Foreign Investment Committee (FIC) has
to be obtained before an acquisition of a substantial fixed asset in Malaysia by a foreign interest which
includes non-Malaysian individuals, companies incorporated outside Malaysia, and Malaysian incorporated
companies in which foreign interests hold more than 50% of the voting shares or has management control.
Other than that, Malaysia also practices Islamic law for the Muslim citizen.
Additionally, there are many business etiquette that one must follow and practice when doing business in
Malaysia. One must be patient during business negotiations. The process is often a long and detailed one that
should not be hastened. One should remain polite and demonstrate good etiquette at all times. Elderly
Malaysian business people for example should be treated with respect and always be acknowledged before
younger members of the organization. Take time to establish productive business relationships with your
colleagues. Initial meetings are generally orientated towards developing such relationships and will be
maintained throughout and beyond the negotiations. Besides that, do not assume that a signed contract
signifies a final agreement. It is common for negotiations to continue after a contract has been signed. Do not
be surprised if your colleagues ask what you may consider to be personal questions. In Malaysia, for
example, asking people about their age, income and marital status is not uncommon and is viewed as an
acceptable approach to initial conversations.
Traditional attires are also accepted as office wear in
Malaysia.
Women's office wear.
Men's office wear.
Men and women office wear.
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