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Malaysia Facts & Figures

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Facts & Figures

 
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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