is malaysia tax friendly?
Peens for me !
Good bang for the buck
Best of Malls
English speaking folks
SRRVisa
And if you r single..the added "bonanza" !
Cons - yes in the word itself.. cons n scams galore
I just did some basic research into buying a property in Penang.
For a foreigner to buy an apartment it must be at least 1 million ringit. You could get a nice 3 bedroom with that budget.
Do you know what they charge for a cold one in Angeles City? Let alone a hottie in a bikini ?
This gives you an idea what around RM1M gets you in Penang.
https://www.propertyguru.com.my/prop...newProject=all
The two largest outgoings so far are BUPA followed by RM1,100 a month service charge. The SC does include good pool/gym/creche/gardens/strong security/management office/daily trash collection and other stuff I can't remember right now.
Let me expand on this.
MM2H is an excellent idea without too onerous financial requirements. Current downside is that it is administered by immigration, used to be a seperate department, and they are fcnking useless. The waiting time for approval is currently around one year.
Medicals and dentistry are first class, but the hospitals haven't yet got the hang of an appointments system resulting in horrendous, 4hr+, waits even with appointment.
English-spoken everywhere
Food-look at Tripadvisor for choices, many and all prices. Rather like in HK European food cooked by locals can be a bit hit and miss. In general decent quality restaurants around half price cf HK. For example have just come back from
https://emilyssteakhousepenang.busin...edium=referral
good steak dinner for two, 2 glasses wine, a beer and a coke was HK470
Rentals are ridiculously cheap cf HK.
https://www.propertyguru.com.my/prop...newProject=all
The only property available for the price I was paying for a run down flat in Causeway Bay, HK37K, is this-
https://www.propertyguru.com.my/prop...phuan-29687031
Insurance-no view yet, Tax-not tax free like HK, pay16% import duty on goods except under MM2H you can import personal belongings tax free as long as you have them over 6 mnths.(keep receipts for top end hifi etc)