Malaysia’ - Live and Invest Overseas · 2019-11-23 · Malaysia Cons • Hot and humid – little seasonal variation 25-32C • Traffic congestion in urban areas • High duties

Malaysia

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Malaysia


Malaysia Very Modern...


Malaysia Very Diverse...


At A Glance • Population – 30 million (2013 est.) • Median age / life expectancy – 29 / 78 • Official language – Bahasa Malaysia • Currency – Ringgit (MYR) (3.15 MYR:1 USD) • GDP per capita (PPP) – US$17,750 (2013) • Climate – tropical; SW (April to Oct.) and NE (Oct. to Feb.) monsoons, hot and humid

• Natural hazards – Occasional Haze pollution • Government – Constitutional monarchy


What about...

• Population – 800,000 (Metro 2.5 million) • UNESCO World Heritage Site • Consistently ranked as one of Asia's most livable cities

• Beautiful mix of British colonial architecture and traditional Chinese shop houses

• Large expat population and friendly locals • Minutes away from beaches and cool hill stations • Great eating! World-renowned food town

George Town / Penang


George Town


Cost Of Living George Town, Penang


Rent US$500 HOA Fee 0 Property Taxes 0 Gas and Water 10 Electricity 80 Telephone 10 Internet 20 Cable TV 25 Food 225 Entertainment 200

Total Monthly Expenses US$1,070

Property Costs

•  Rent for as little as US$400 per month… •  Minimum condo purchase price for foreigners is

1,000,000 MYR or US$314,453) (For MM2H Visa Holders the minimum is 500,000 MYR)

Georgetown, Penang


What about...

• Population – 1.9 million (Metro Klang Valley - 7.2 million)

• Malaysia's modern capital city • Excellent shopping and eating • Efficient public transportation—hub for Air Asia • English spoken and understood by almost everyone • First-World health care • High standard of living yet still affordable • Culturally diverse, foreigners very welcome

Kuala Lumpur


Kuala Lumpur


Cost Of Living Kuala Lumpur


Rent US$700 HOA Fee 0 Property Taxes 0 Gas and Water 10 Electricity 75 Telephone 10 Internet 40 Cable TV 45 Food 280 Entertainment 200

Total Monthly Expenses US$1,360

Property Costs

•  Average three-bedroom middle-class apartment or condo rents around US$600 to US$900 per month

•  Prices for property in the city have been steadily increasing for several years—good investment potential

Kuala Lumpur


Malaysia Pros •  One of the most developed Southeast Asian countries •  Good roads and infrastructure •  High standard of (very affordable) health care •  Cultural and racial diversity creates an interesting

population mix •  Food-lovers paradise •  Excellent beaches, cool highlands, many outdoor

activities •  English speaking •  Many investment opportunities •  Perks for retirees (MM2H Residency visa)


Malaysia Pros


Malaysia Cons • Hot and humid – little seasonal variation 25-32C • Traffic congestion in urban areas • High duties on beer, liquor , perfume, and other vices • Takes practice to understand the dialect • Customer service can be poor • Bugs—this is the tropics! (dengue fever in Kuala Lumpur & Parts of Malaysia)


Malaysia Cons


Residency •  No visa required for most nationalities—a 30-90-

day Social Visit Pass is issued upon arrival ( American 90 Days Visa )

•  Making a border run to another country allows re-entry for additional 90 days—many stay for years this way ( Subject to Changes )

•  Malaysia My Second Home Program (MM2H Program allows qualified foreigners to apply for a Social Visit Pass valid for up to 10 years and can be extended

•  There are many perks for MM2H visa Holders


Malaysia My 2nd Home -MM2H Program for people 50 and younger...


•  Liquid Assets 500,000 MYR+ (US$161,000+),Income 10,000 MYR+ (US$3,174+) per month – Salary, Director Fees, Rental, Investment Realization..Etc

•  Open Fixed deposit account at a Malaysian bank 300,000 MYR+ (US$95,238+)upon MM2H approval

•  After 1 year, 50% can be withdrawn for housing needs , child's education, medical, duty free car.

•  Remainder must remain in the fixed deposit account for the duration of your participation in the MM2H Program

The MM2H Program for people older than 50...

•  Liquid Assets 350,000 MYR+ (US$112,770+) Income 10,000 MYR+ (US$3,174+) per month Salary, Director

Fees, Rental, 401K, Investment Realization & Etc

•  Fixed Deposit account at a Malaysian bank 150,000 MYR+ (US$47,619+) OR proof of Government Pension of 10,000 MYR+ (US$3,174+) per month NO Fixed Deposit Required

•  After one year, 50,000 MYR (US$15,873) can be withdrawn for Housing, Medical Child Education, Duty Free Cars

•  At least 100,000 MYR (US$31,746) must remain in the fixed deposit account for the duration of your participation in the program


Medical Care • First class, especially in urban centers—many hospitals have received international accreditation

• A top-spot for medical tourism • English-speaking doctors trained in Europe, United States, Australia, etc.

• Modern and amazingly affordable (US$5 doctor visits!) • Dental care also excellent • Prescription drugs cost much less than in the United States


Taxes • No taxes on income earned outside of Malaysia (pensions, social security, etc.)

• Low Property tax ( Owner Occupied ) • No inheritance tax • No tax on interest earned in Malaysia • Duties are high on some items (cigarettes, beer, and perfume, for example)

• Gas and some staple foods subsidized by the government


Accessibility • Kuala Lumpur is a major Southeast Asian transportation hub. The KLIA airport receives a large amount of traffic from all over the world

• Many direct flights from the Americas and Europe, Australia

• Kuala Lumpur is the hub for budget carrier Air Asia • Larger cities (George Town, Kota Kinabalu, Kuching, etc.) also have international airports

• Connected by train to Thailand and Singapore • Good buses and public transport • Extensive highway system


Accessibility


MM2H Retiree Benefits • Offers benefits for foreigners of any age. These include being able to purchase local assemble duty-free,import 1 car duty free car, obtaining a visa good for up to 10 years ( No Minimum Stay in Malaysia & Visa extendable for a LIFETIME),Sponsor unmarried children under 21 YO, Parents above 60 , or a housekeeper into the country under the visa, and 80% financing for a house...

• Professionals can hold employment up to 20 hours per week OR own a qualifying business without local partners


Recreation • Miles of coastline, world-class diving, and snorkeling… • Jungle interior—wildlife watching, birding, trekking, boating...

• Cool hill stations—hiking, a casino near Kuala Lumpur 1 to 3 hours away.

• Golf and Formula One auto races in Kuala Lumpur… • Great restaurants with varied cuisines… • Kuala Lumpur is renowned as a shopping mecca... • Active expat clubs in Kuala Lumpur and George Town…


Recreation


Is Malaysia for you? • First-World living at Third-World prices • Has all the “back-home” amenities • English-speaking population • First-class health and dental care • A racially diverse country offering culture and cuisines from around the world

• Investment opportunities • Good for families, older retirees, couples • Also consider Ipoh, Taiping, Kota Kinabalu, Johor Bahru, Cameron Highlands



Is Malaysia for you?

Documents

Malaysia’ - Live and Invest Overseas · 2019-11-23 · Malaysia Cons • Hot and humid – little seasonal variation 25-32C • Traffic congestion in urban areas • High duties