Video Briefing

Nomad Capitalist: Top 6 Reasons I Moved to Malaysia

Jan 24, 2024Video Briefing6:57Watch on YouTube

Malaysia continues to attract long‑term expatriates because of its relatively low taxes, welcoming bureaucracy, multicultural society, and high‑quality private healthcare.

Tax‑friendly environment and residency

  • Malaysia is often cited as one of the most tax‑advantageous Asian nations for foreign investors.
  • The country allows foreigners to own land—a privilege shared by only about four Asian jurisdictions.
  • Its “Malaysia My Second Home” (MM2H) program provides a pathway for extended stays, though the pandemic temporarily restricted entry for a limited list of nationalities. The speaker, whose passport was not on that list, was able to re‑enter without special permits.

Property investment

  • The speaker is renovating a property in Malaysia, indicating that long‑term ownership is feasible for foreign investors.
  • Proximity to regional hubs (e.g., Singapore) makes Malaysia a convenient base for travel throughout Southeast Asia.

Healthcare quality and cost

A recent health‑screening experience at Prince Court Medical Center illustrates the level of service available to expatriates:

Item Cost (with 10 % MM2H discount)
Full male screening US $175
Full female screening US $213

The comprehensive package, completed in a single day, includes:

  • Blood and urine tests
  • Bone profile
  • Cardiological assessment
  • Radiology and ultrasound

Additional perks such as a complimentary lunch were provided. Doctors are largely UK‑educated, often with years of experience in the UK or Ireland, which contributes to longer consultation times compared to many other countries.

Cultural and social factors

  • Malaysia’s population is a blend of Malay, Chinese, Indian, and numerous immigrant communities (e.g., Iranian, North African), fostering a multicultural environment.
  • The speaker emphasizes the consistent friendliness of both government officials and everyday citizens, contrasting it with more bureaucratic or less personable experiences elsewhere.
  • Direct communication styles vary across regions; the speaker notes that Eastern Europe tends to be more blunt, whereas Malaysia’s social tone is generally softer.

Practical considerations for prospective expatriates

  • Entry requirements: Verify whether your nationality is subject to any pandemic‑related travel bans before planning a move.
  • MM2H eligibility: Applicants must meet financial thresholds (e.g., proof of liquid assets) and may need to file periodic reports.
  • Healthcare access: Private hospitals like Prince Court offer comprehensive, same‑day screenings at relatively modest prices for expatriates, especially when discounts are applied through MM2H.
  • Land ownership: While foreigners can purchase land, due diligence is essential to understand any restrictions on property type or location.

Overall, Malaysia’s combination of tax incentives, accessible property ownership, high‑standard healthcare, and welcoming multicultural society makes it a compelling long‑term base for expatriates with sufficient wealth and a desire for a stable, quality lifestyle in Asia.