Tax Planning Malaysia
Business

Compliance: Tax Planning Malaysia

Tax Planning Malaysia has a lively and government back policy of positive immigration and as a result it’s a nation attracting serious interest from international citizens seeking a superior, low tax, top quality lifestyle destination during which to measure , work or retire.

Here are the highest ten reasons why, if you haven’t already, you would possibly wish to consider Malaysia as your second home country – it is the right place for anyone seeking a primary world, sophisticated nation during which they will own freehold and affordable land pay little or no Tax Planning Malaysia legitimately and achieve an incredible quality of life for all the family

1. Malaysia My Second Home Program (MM2H)

The ‘Malaysia My Second Home Program’ or MM2H because it is locally known, is that the government backed positive immigration policy that permits those that qualify the proper to measure in Malaysia on a renewable, multiple entry ten year visa, to bring immediate relations to measure with them under the terms of the scheme, to have freehold property in Malaysia, to import worldly possessions and even a fresh car tax free, and to enjoy all the multiple benefits that Malaysia offers to its citizens both local and international. and that is not all…

2. Tax Free

Those who satisfy the medical and financial requirements for residency in Malaysia under the MM2H scheme legally and legitimately avoid having to pay any sort of Tax Planning Malaysia whatsoever in Malaysia on their internationally sourced income!

3. Education

In Malaysia there are 21 private universities, 17 public universities, 5 foreign universities, 500 private tertiary colleges, 32 international schools and that is before one gets into listing the Malaysian government funded educational establishments available!

Quite simply, education is very prized and valued in Malaysia and as an immediate result the standard of education available across the board is exceptionally high. There are over 40,000 foreign students currently studying within the nation as a result, and people who relocate there under the MM2H program can in fact take their children with them and privately educate them from primary age throughout university and beyond.


4. Health Care

The standard and availability of medical services in Malaysia – especially within the main cities like Kuala Lumpur – is exceptionally high. There are over 225 private hospitals also as numerous private specialist clinics like maternity clinics and respite care homes also as some 121 government backed hospitals in Malaysia and most have the very latest in terms of kit and facilities available for treating all kinds of illness.

5. Infrastructure

The general infrastructure within the main cities, employment and residential hubs in Malaysia is first-class and first world. New and upgraded motorways, road and rail networks, communications resources and general public amenities mean that living within the likes of Kuala Lumpur or Penang in Malaysia is like living in the other first world city in terms of the modernity of all available resources and essential infrastructure.

6. rate of exchangeTax Planning Malaysia

As Malaysia has an export driven economy it pays the govt to stay its currency highly competitive which suggests that a world citizen’s dollars, pounds, euros or yen will go far further and buy much more in Malaysia.

7. Cost of Living

Add to this the very fact that the value of living in relative terms is so low in Malaysia, that petrol is heavily subsidised for instance , eating out is just cheap which one can rent a city center apartment for an equivalent price together a 3rd of the dimensions and fewer well located within the majority of European and North American cities and a mean wage will make one feel very wealthy in Malaysia whereas an above average wage will allow anyone to possess the life-style of a king!

 

8. Property

Apartments, town houses, beachside villas and sprawling houses in city suburbs are all available purchasable to foreign buyers. There are only a few restrictions placed on foreign buyers in Malaysia actually and since property prices are so low as compared to Europe and America, one can purchase such a lot more in Malaysia for an equivalent price as alittle family home elsewhere within the civilised world.

9. Natural Beauty

What’s more, as Tax Planning Malaysia is such a gorgeous and diverse nation it’s an incredibly strong tourism market meaning that well located properties can act as excellent investments with many buyers purchasing to let to the tourism market which is attracted by the stunning natural great thing about Malaysia.

Those who qualify for MM2H are allowed to shop for up to 2 homes meaning that one are often bought for occupancy and one for holidays or investment elsewhere in Malaysia.

The natural great thing about the country alone also means albeit you do not think Malaysia is ideal for your second home country, it makes it a nation well worth taking an extended break in.

10. Friendly People

And finally while many nations purport to having a number of the foremost welcoming citizens within the world who open their arms and hearts to foreign visitors and citizens, Malaysia truly may be a nation of the foremost friendly, welcoming, open and honest people you’ll ever meet who will make genuine friendships and establish long lasting bonds with the astute international citizens who plan to call Malaysia their second home.

 

Vital Fact Group
Menara BHL, 51-12-F2, Jln Sultan Ahmad Shah, 10050 George Town, Pulau Pinang
+60184659211