Malaysia My Second Home
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Malaysia My Second Home (MM2H)

Cost of Living

KL Twin Tower

The cost of living in Malaysia is exceptionally low considering that it was a newly industrialized country. Taxations are kept at a minimum with no inheritance tax and no capital gains on assets. The Malaysian Ringgit is currently struggling to keep up with other currency which is why commodities and housing are cheaper. Expatriates from the Europe will enjoy the very affordable living conditions since remittances coming from other countries are not taxed.

The Malaysian government is doing very well in providing for the needs of expatriates. Buying new cars or items will not be taxed including the ones brought from outside the country. Banks also give loans for housing and business. Malaysia now has a GDP amounting to over 300 billion euros.

Taxations are kept at a minimum with no inheritance tax and no capital gains on assets. The Malaysian Ringgit is currently struggling to keep up with other currency which is why commodities and housing are cheaper.

 

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