Regulations
New Zealand has two free trade agreements with Malaysia:
- Agreement under the Association of South East Asian Nations (ASEAN)/Australia/New Zealand Free Trade Area (AANZFTA)
- Bilateral Free Trade Agreement with Malaysia
Businesses are encouraged to look at both Agreements to determine which may be the most beneficial to their business.
All foreign companies intending to conduct business in Malaysia must register with the Companies Commission of Malaysia (SSM). In addition, foreign companies may need further approval from government agencies to invest in certain sectors.
Getting your product into the market
If companies meet certain requirements when investing in Malaysia, they will be eligible for tax exemptions of up to 100 percent. Sectors where tax incentives apply are:
- Renewable energy
- Waste recycling
- Research and development
New Zealand companies can differentiate themselves by leveraging the reputation that New Zealand has in cleantech development and innovation.
Opportunities
Areas that New Zealand companies have a core competency to assist with include:
- Shifting dependence from non-renewable energy sources by diversification into renewable sources.
- Clean transportation through the use of alternative fuels from sustainable sources.
- Energy efficient technologies in areas such as food processing, appliances and industrial machinery.
