English-Speaking Islands Where You Can Live Or Retire
On English-speaking islands you can enjoy island life with some of the familiarity of home. Visit or relocate to any...
Read more| 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) |
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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 |
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Population of Capital City |
7.2 million (metropolitan area) |
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Time Zone |
GMT plus 8 |
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Seasons |
Equatorial tropical: very warm, wet season year-round |
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International Dialing Code |
60 |
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Electricity |
220 to 240V / 50 Hz: Plug Type: A C G M |
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System of Government |
Constitutional Monarchy |
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Current Leader |
Prime Minister Najib Razak (since April 3, 2009) |
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Income Tax Rate for Residents |
0% to 26% |
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Property Tax |
6% of assessed value |
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Capital Gains Tax |
No, but real property gains tax is between 5% to 10% |
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Inheritance Tax |
No |
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Rental Income Tax |
22% to 28% |
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Transfer Tax |
1% to 3% |
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Sales Tax |
5% to 10%; service tax of 6% |
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Restrictions on Foreign |
Nonresidents are free to purchase residential and commercial |
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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 |
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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 |
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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 |
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National Airline |
Malaysia Airlines www.malaysiaairlines.com |
