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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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​Learn more about ​​​​​MALAYSIA ​​​and other countries in our free, daily Overseas Opportunity Letter​​​​​​​​​. Simply enter your email address below and we’ll send you our FREE REPORT – ​​The ​10 Best Places To Retire In 2021