Why Invest?
Multinational corporations from more than 45 countries have invested in over 3,100 projects in Malaysia's manufacturing sector, attracted by the business surroundings which have made the country one of the world's top locations for offshore developed operations. There are several reasons that why one should invest in Malaysia.
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Market Report
We forecast that the Kauala Lumpur (as locals affectionately call it) is like traveling through a time tunnel. Here, vivid traces of history continue to influence and inspire a country set on becoming a fully industrialized nation by the year 2020.
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Economic Overview
The ringgit to average M$3.64:US$1 in 2007 and M$3.60:US$1 in 2008. Real GDP is forecast to grow by an annual average of 5.5% in 2007-08, supported by growth in private consumption and investment.
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Visa/Residency Issues
Every person entering Malaysia must possess a valid National Passport or Internationally recognized Travel Document valid for travel to Malaysia. Any person not in possession of a Passport or Travel Document which is recognized by Malaysian Government, must obtain a Document in place of Passport.
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Getting to Malaysia
Kuala Lumpur's new international airport is located 60km south of Malaysia's capital, Kuala Lumpur and flight times from London to Kuala Lumpur are 12 hours.
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Fees & Taxes
- Costs paid by buyer ranges from 1.4% to 4%.
- Costs paid by seller ranges from 2% to 2.75%.
- Residential rentals and sales are subject to 5% GST.
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Malaysia
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Basic Information
| Population |
26.0m |
| Languages |
Bahasa Malaysia (Malay) is the national language. Other languages include Chinese, Tamil and Iban. English is widely used. |
| Area |
329,758 sq km |
| Currency |
Ringgit Malaysia (RM) |
| Dialing Code |
+60 |
| Emergency Services |
999 |
Malaysia Overview
Malaysia has superb golden beaches, lush vegetation, mountains and fabulous shopping allied to some magnificent hotels. This has made the country the fastest growing destination in South East Asia.
Average Property PricesComing soon.
Buying Process
- Once you have selected your property, a Letter of Offer and Acceptance is signed and a 3% deposit payment is normally expected from the purchaser.
- Within 14 days, the buyer must pay a further 7%. Deposits paid are non-refundable if the buyer withdraws from the sale but are subject to obtaining finance and checking of title deeds.
- From the date of the signing, the buyer normally has a maximum of three months to complete the sale and make full payment.
- Upon signature, the Sale and Purchase Agreement must be stamped at the Stamp Office. After examination of the property by the valuation department, Stamp Duty must be paid to the Stamp Office.
- The Sale and Purchase Agreement is then sent to the land registry along with the Memorandum of Transfer form 14A to transfer the title deeds into your name.
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