Trading In Pharmaceutical Products Companies in Malaysia

The Malaysian government has been proactive in recent years in promoting the country as a hub for the pharmaceutical and medical device industries. This has resulted in a number of multinational companies setting up operations in Malaysia, attracted by the country's skilled workforce, developed infrastructure and attractive tax incentives.

The pharmaceutical sector in Malaysia is growing rapidly, with sales expected to reach RM22 billion (US$5.6 billion) by 2020. The government has introduced a number of policies and initiatives to support the sector, including the establishment of a dedicated pharmaceutical zone within the Iskandar Malaysia Economic Region.

The government is also working to attract more R&D investment into the country, with a number of tax incentives and grants available for companies undertaking R&D activities in Malaysia.

The Malaysian medical device industry is also growing rapidly, with sales expected to reach RM4 billion (US$1 billion) by 2020. The government has introduced a number of policies and initiatives to support the sector, including the setting up of a dedicated medical device park in Johor.

The government is also working to attract more foreign investment into the country, with a number of tax incentives and grants available for companies setting up operations in Malaysia.