| 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 | 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 |
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 |
