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Cost Of Living
Malaysia
| Cost of Living in Malaysia |
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The cost of living in Malaysia is exceptionally low considering that it was newly referred to as 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 United Kingdom will enjoy the very affordable living conditions since remittances coming from other countries are not taxed. Foreigners are actually welcome to invest in Malaysia since the government just recently banned short-selling. More opportunities for business and employment will be present. Homes are relatively sold lower than expected with the intent to boost the inflow of foreigners brining pounds and dollars. Food and Drinks Costs in MalaysiaBeef, poultry, pork and mutton are the most common meat products in Malaysia. These are sold widely, fresh and at very low rates. Most community wet markets sell all types of meat products, sheep, goose and duck in addition to fish like tuna and sardines. These are all sold by weight. Most seafood like squid, cuttlefish and octopus are exported to other countries. Clothing and Accessories Costs in MalaysiaSilk and cotton is cheap in Malaysia. The batik is a traditional piece of clothing made of cotton which is sold at very affordable rates or in bulk. Shopping in Malaysia can be fun since there are several types of places which sell various items, wares and trinkets. Expatriates can visit night markets and flea shops where there are traditional and modern accessories at very competitive prices. Malls and shopping centers also house several designer labels which cost significantly less compared to the ones in the UK due to the struggling Malaysian Ringgit. Housing Costs in MalaysiaMalaysian housing costs are low even in big cities like Kuala Lumpur. One can enjoy more space at very affordable rates in medium-sized homes or two-bedroom apartments. Apartment rentals average around 100 to 150 euros every month. House rentals range about the same. Services Costs in MalaysiaInternet rates, telephone bills and other technological service providers are excellent in terms of quality and price. There is good internet connectivity in nearby provinces and the city outskirts which relatively costs 8 to 10 euros every month. Transportation is also good especially in the major cities. Other smaller areas still need more improvement in terms of road accessibility and transport routes. Employment Costs in MalaysiaExpatriates and foreign investors will not have a problem seeking employment in Malaysia. Especially if their specific fields cover business, technology, trade and the stock market, most companies are willing to hire immediately. There are also a number of business owners who are looking for partners to start companies and prototypes.
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