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    Malaysia Facts & Figures

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        The State Mosque of Pahang in Kuantan, Malaysia

        Facts & Figures

        Lief Simon, Director of Overseas Property Alert, Founde of Simon Letter, and Founder, of Global Property Advisor

        Reviewed By Lief Simon

        Lief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.

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          Information Type Malaysia Data
          Population 30,073,353 (July 2014 est.)
          Gross Domestic Product PPP (GDP) US$525 billion (2013 est.)
          GDP Per Capita US$17,500 (2013 est.)
          Inflation Rate 2.2% (2013 est.)
          Currency Ringgit (MYR)
          Exchange Rate Versus U.S. Dollar 3.58 ringgits per U.S. dollar (Feb. 10, 2015)
          Languages Bahasa Malaysia (official), English, Chinese, Tamil, Telugu, Malayalam, Panjabi, Thai
          Capital Kuala Lumpur
          Population of Capital City 7.2 million (metropolitan area)
          Time Zone GMT plus 8
          Seasons Equatorial tropical: very warm, wet season year-round
          International Dialing Code 60
          Electricity 220 to 240V / 50 Hz: Plug Type: A C G M
          System of Government Constitutional Monarchy
          Current Leader Prime Minister Najib Razak (since April 3, 2009)
          Income Tax Rate for Residents 0% to 26%
          Property Tax 6% of assessed value
          Capital Gains Tax No, but real property gains tax is between 5% to 10%
          Inheritance Tax No
          Rental Income Tax 22% to 28%
          Transfer Tax 1% to 3%
          Sales Tax 5% to 10%; service tax of 6%
          Restrictions on Foreign
          Ownership of Property          		 Nonresidents are free to purchase residential and commercial
          Local Chamber of Commerce www.nccim.org.my
          Level 3, West Wing,
          MENARA MATRADE,
          Jalan Khidmat Usaha, Off Jalan Duta,
          50480, Kuala Lumpur, Malaysia
          Tel: 603-6204 9811    Fax: 603-6204 9711
          Email: enquiry@nccim.org.my
          American Chamber of Commerce
          www.amcham.com.my
          Suite 6-1A, Level 6
          Menara CIMB
          Jalan Stesen Sentral 2
          KL Sentral
          Kuala Lumpur 50470 Malaysia

          Tel: 603-2283-3407
          Fax: 603-2282-8540
          Primary Exports Semiconductors and electronic equipment, petroleum, liquefied natural gas, wood, wood products, palm oil, rubber, textiles, chemicals, solar panels
          Residency and Visa Requirements Tourist Visa: 90 days upon entry

          Residency: employment, dependent, student, and visit Passes; Malaysia My Second Home program grants five-year renewable visas with privileges; permanent residency requires five years of continuous living within the country

          Citizenship: 12 years of residency, renouncement of foreign citizenship, and adequate understanding of Malay language
          Special Benefits for Foreign Residents or Retirees Malaysia My Second Home Program: granted five-year visa, to which a permanent visa can be applied for afterwards. Tax-free imports of home goods, tax-free import or purchase of an automobile, no income tax on pension or other overseas income
          National Airline Malaysia Airlines
          www.malaysiaairlines.com

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            Lief Simon, Director of Overseas Property Alert, Founde of Simon Letter, and Founder, of Global Property Advisor

            Reviewed By Lief Simon

            Lief Simon is the managing editor of Global Property Advisor, Simon Letter, and Offshore Living Letter. He has purchased more than 45 properties, investing in 23 different countries around the world.

            Start Your New Overseas Life Today

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              Portugal is on the Iberian Peninsula, in the southwest corner of Europe. Portugal shares that peninsula Spain, its larger neighbor.

              Portugal is known for Fado music and also for being the largest cork producer in the world.

              Portugal’s high season is during July and August, especially to coastal areas. Expect to pay at least a 30% premium on accommodation and encounter warm weather across the country.

              Yes, Portugal is a sought after retirement destination. In fact, it’s one the world’s top retirement havens.

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