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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 34,671,895 (November 2024 est.)
          Gross Domestic Product PPP (GDP) $439.75 billion (2024 est.)
          GDP Per Capita US$12,253 (2024 est.)
          Inflation Rate 1.8% (2024 est.)
          Currency Ringgit (MYR)
          Exchange Rate Versus U.S. Dollar 4.38 ringgits per U.S. dollar (Nov. 8, 2024)
          Languages Bahasa Malaysia (official), English, Chinese, Tamil, Telugu, Malayalam, Panjabi, Thai
          Capital Kuala Lumpur
          Population of Capital City 8.81 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 Anwar Ibrahim
          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

            A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we’ll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today 2024






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              Malaysia Facts & Figures- FAQs

              Malaysia is known for its large production of rubber and palm oil. It exports a great deal of petroleum and natural gas and ranks as one of the biggest sources of commercial hardwoods in the world.

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