Accountancy in Malaysia

Country overview

Situated in the centre of Southeast Asia, with a total land area of 330,000 square kilometres, Malaysia is approximately the size of Japan, with a population of about 30.3 million people. The country is made up of two geographical regions, Peninsular Malaysia, which accounts for 40% of the land mass and 80% of the population and the East Malaysian States of Sabah and Sarawak on the island of Borneo, which are separated from the peninsular by 640 kilometres of sea.

Malaysia’s political system, as prescribed in the Federal Constitution, is that of a parliamentary democracy based on the Westminster model. Malaysia has a unique constitutional monarchy, the Yang diPertuan Agong (The King) being elected to office for five-year terms by a council of hereditary rulers of the nine states.

However, the executive authority of Malaysia is vested in the Prime Minister and his cabinet. The executive and legislative authority is extensive. Under the Constitution, the judiciary is independent of the executive and legislature.

Bahasa Malaysia is the official language of Malaysia. Chinese dialects and English are also widely taught and spoken.

The Malaysia government is committed to nurturing the country into a fully developed industrial, commercial and financial centre, which can boast of a highly sophisticated infrastructure as well as skilled support services. Its philosophy of meritocracy, effective political leadership and stable political environment are conducive to foreign


Latest version updated 1st November 2017