ID :
164857
Tue, 03/01/2011 - 05:21
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Shortlink :
https://oananews.org//node/164857
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Malaysia Investment In Germany Gaining Momentum
KUALA LUMPUR (Bernama) - Malaysian investments in Germany is
gaining momentum and expected to double within the next few years, said the
chief executive of Germany Trade and Invest, Michael Pfeiffer.
Pfeiffer said since 2003, investments from Malaysia in Germany had increased
annually by more than 21 per cent on average.
"According to the Bundesbank, the central bank of the Federal Republic of
Germany, Malaysian investments in Germany for 2008 reached at least 51 million
euros," he said during the German Business Forum on investment opportunities in
Eastern Germany organised by the Malaysian-German Chamber of Commerce and
Industry.
Pfeiffer also said there is no equity restriction for foreign investments in
Germany and every company registered, is considered a local,irrespective of the
origin of the respective investors.
"The biggest Asian investors in Germany come from Japan, China and India,"
he added.
The opening of Berlin's new airport next year, the Berlin Brandenburg
International Airpot, he said, will witness increased investor interest from
Asia, especially in Germany's high-tech region in the east.
"The airport provides direct connectivity between Eastern Germany and
international locations," he highlighted.
The new airport is Europe's largest and will have a capacity of 27
million passengers when it opens, including an expansion option, to handle 45
million passengers annually.
Pfeiffer said eastern Germany,twenty years after reunification, has become a
logistics centre in Europe.
"It has also become a cluster for a number of future industries, including
renewable energy, semiconductor, and automotive industries,"he said.
He said the German tax system is also competitive as it allows for differing
tax rates in German municipalities.
"On average, corporate companies face an overall tax burden of less than 30
per cent," he added.
He also said that significantly lower tax rates are available in certain
German municipalities – up to eight percent less.
"The overall tax burden can therefore be as low as 22.83 percent. This makes
Germany’s corporate tax system one of the most competitive among the major
industrialised countries," he explained.
-- BERNAMA
gaining momentum and expected to double within the next few years, said the
chief executive of Germany Trade and Invest, Michael Pfeiffer.
Pfeiffer said since 2003, investments from Malaysia in Germany had increased
annually by more than 21 per cent on average.
"According to the Bundesbank, the central bank of the Federal Republic of
Germany, Malaysian investments in Germany for 2008 reached at least 51 million
euros," he said during the German Business Forum on investment opportunities in
Eastern Germany organised by the Malaysian-German Chamber of Commerce and
Industry.
Pfeiffer also said there is no equity restriction for foreign investments in
Germany and every company registered, is considered a local,irrespective of the
origin of the respective investors.
"The biggest Asian investors in Germany come from Japan, China and India,"
he added.
The opening of Berlin's new airport next year, the Berlin Brandenburg
International Airpot, he said, will witness increased investor interest from
Asia, especially in Germany's high-tech region in the east.
"The airport provides direct connectivity between Eastern Germany and
international locations," he highlighted.
The new airport is Europe's largest and will have a capacity of 27
million passengers when it opens, including an expansion option, to handle 45
million passengers annually.
Pfeiffer said eastern Germany,twenty years after reunification, has become a
logistics centre in Europe.
"It has also become a cluster for a number of future industries, including
renewable energy, semiconductor, and automotive industries,"he said.
He said the German tax system is also competitive as it allows for differing
tax rates in German municipalities.
"On average, corporate companies face an overall tax burden of less than 30
per cent," he added.
He also said that significantly lower tax rates are available in certain
German municipalities – up to eight percent less.
"The overall tax burden can therefore be as low as 22.83 percent. This makes
Germany’s corporate tax system one of the most competitive among the major
industrialised countries," he explained.
-- BERNAMA
