Malaysia at a Glance
Working in Malaysia
The Seri Wawasan Bridge connects residential areas with Putrajaya's business districts.
Malaysia’s economy is one of the most successful in Asia. Many people working in Malaysia benefit from an open, state-oriented, recently industrialized market economy with two key sectors: international trade and manufacturing.
The country is also an important center of Islamic finance, with a comparatively high number of women working in Malaysia’s Islamic banking sector. As in many other Asian economies, the employment statistics of people working in Malaysia are gradually shifting towards the services sector.
Working in Malaysia: Economic Overview
Traditionally, Malaysia’s economy used to be focus on producing rubber, tin, and palm oil, and has been propelled by the country’s large amounts of natural resources, especially petroleum and liquefied natural gas. Working in Malaysia, the local labor force has witnessed the shift from an economy based on agriculture and mining towards one fuelled by the petrochemical industries in the 1970s and 1980s.
These days, a considerable number of people are still working in Malaysia’s secondary sector, and it is one of the world’s largest exporters of electrical goods, semiconductors, and IT/CT products. However, many industries are in decline. This development is due to competition from other low-cost economies as well as the targeted expansion of the services sector.
People working in Malaysia are spread across the three sectors as follows: 51 % of the active population is made up of employees working in Malaysia’s services sector, 36 % are still employed in various industries, but only 13% of the active population work in the agricultural sector.
Working in Malaysia: Growth Areas
Despite recent attempts to move away from an over-reliance on export, the latter still dominates Malaysia’s economy. As mentioned above, laborers working in Malaysia produce petroleum-based products, semiconductor devices, electronics, textiles, palm oil, and timber as well as information and communication technology for export.
As one of the recent growth areas, information and communication technology in particular has become an increasingly important provider of employment for people working in Malaysia. Other expanding sectors are science (e.g. biotechnology, nanotechnology, and renewable energies) and tourism (including medical tourism).
Major multinational companies with expat personnel working in Malaysia include Accenture, CIMB Group, Exxon Mobil, HSBC, KPMG, Maybank, Pricewaterhouse Coopers, Public Bank Berhad, Schlumberger, and Shell.
Working in Malaysia: Expat Status
Before you can start working in Malaysia, you need to be granted expat status. The country has a dedicated Expat Committee, which deals with questions of expat employment.
There are two preliminary requirements which must be fulfilled by prospective expats before they can start working in Malaysia: a minimum salary of RM 5000 and a minimum employment period of two years. On top of that, only people who fall into one of the following categories qualify for working in Malaysia as an expat:
- Key post: You occupy a top managerial position in the company in question.
- Executive post: You hold a middle management post and have relevant professional experience and academic qualifications.
- Non-executive post: You are highly skilled thanks to your technical know-how and are thus indispensable for the company.
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