| 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 |
