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Introducing New Corporate Advisory Arm in Iskandar, Malaysia

April 2014

 

Our firm has expanded our regional footprint with a new subsidiary base in Iskandar Malaysia. Incorporated on 11 November 2013, NTS Asia Advisory Sdn Bhd (“NTS Malaysia”) will be an extension of our Singapore office by providing full suite of Corporate Advisory Services for fast growing local companies looking to raise funds in Singapore and new foreign investments into Southern Peninsular Malaysia.

 

Iskandar Malaysia is expected to become Southern Peninsular Malaysia’s most developed region, where living, entertainment, environment and business seamlessly converge within a bustling and vibrant metropolis. The southern gateway to Peninsular Malaysia enjoys many geographical advantages including accessibility via air, land, rail and sea transportation; short flight distances to major growth centres such as Bangalore, Dubai, Hong Kong, Seoul, Shanghai, Taipei and Tokyo; and surrounded by the major ports of Johore Bahru.

 

Encompassing a vast acreage of land, it is the largest single development project ever to be undertaken in the region. Iskandar Malaysia has been allocated RM6.83 billion by the Malaysia Government.

 

With its strategic location, accessibility to leading Asian cities, proximity to some of the world’s most rapidly growing and important economies, and a range of attractive fiscal incentives, Iskandar Malaysia is poised to attract an influx of foreign and high-level corporate investments as discerning investors look to benefit from its many advantages and high growth potential.

 

Taking into account the competitive labour wages, a large pool of workforce and cheaper land prices in Malaysia, the Singapore government also recognises Iskandar Malaysia as a potential destination for small and medium-sized enterprises to locate their low value-added, labour intensive businesses.

 

The plans to connect Singapore and Johor Bahru via a rapid transit link by 2018 will facilitate greater cross-border investments and greater ease of Singapore businesses managing their operations across the border. As evidence of support from the Singapore government, various assistance schemes, talent development grants and tax reduction schemes administered by International Enterprises (IE) Singapore are available to Singapore companies expanding to Iskandar Malaysia. These, together with certain tax advantages, will certainly encourage Singapore companies to consider Iskandar as a solution to high cost issue currently faced in Singapore.

 

NTS Malaysia is well positioned to capitalise on the growing business opportunities in Iskandar Malaysia with inbound investments from both Singapore and other parts of the world as a result of the government’s development efforts and business incentives awarded under the Iskandar project. NTS Malaysia is also well positioned to assist companies in Malaysia that are keen to tap on the capital market in Singapore for fund raising and IPO. The office of NTS Malaysia, which is located in  Menara Landmark of Johor Bahru City, one of the 5 flagship zones of Iskandar Malaysia, will house more than 30 professional staff capable of providing various advisory services ranging from feasibility studies, setting up of business, outsourced accounting work, M&A due diligence, IPO advisory, technology advisory, tax structuring to governance and risk management.

 

 

About Nexia TS:

Nexia TS was founded in 1993 by two experienced chartered accountants – Henry Tan and Sitoh Yih Pin. After working as managers for one of the international accounting firms, they saw a vision and an opportunity to establish their own organisation – not any accounting firm – but one which is unique in their personalised and well-qualified expertise.

 

To date, Nexia TS is recognised as an established mid-tier local accounting firm. We have grown significantly in size over the years. Being an independent member firm of Nexia International, we are affiliated to accounting firms in many parts of the world. This means that our clients will get to enjoy personalised, comprehensive and quality services at competitive rates in Singapore and globally. Our reputation for quality has been recognised by clients and accounting professionals. As testimony to this, we are among the first few local accounting firms to be accredited by the Institute of Chartered Accountants in Australia to provide supervision of professionals undergoing traineeship to qualify as Chartered Accountants.

 

Headquartered in Singapore, Nexia TS has established a strong presence in various countries across the region. Nexia China is a one-stop centre providing advisory services for foreign-invested enterprises in China. NTS Malaysia and NTS Myanmar provide a full suite of corporate advisory services for our clientele with operations and new foreign investments in the respective countries. Nexia International is an international network of accounting and consulting firms with origins going back to 1971, making Nexia International one of the longest established networks. Currently, with more than 28,000 professional staff serving our clients at over 650 offices in 115 countries, it is ranked as the top 10 largest international accounting and consulting network.

 

For more details, please visit www.nexiats.com.sg.

 

Media Contacts:

Grace Lui
Head of Marketing Communications
+65 6597 7297
gracelui@nexiats.com.sg

 

Daniel Chen
Marketing Communications Manager
+65 6534 5700 (ext. 861)
danielchen@nexiats.com.sg