Ranked top 5 economies in Southeast Asia, Malaysia is an attractive country with a myriad of business opportunities, world-class amenities available, scenic views, and their unique way of life. Let’s take a closer look at the top 4 reasons why migrating to Malaysia could be your next big move.
1. Good Standard of Living
If you are looking for a place with a relatively good standard of living, Malaysia might just be the place for you! From its low cost of living, accessibility to amenities, to comprehensive transportation system, living in Malaysia can be convenient and comfortable.
All these factors make Malaysia a really liveable country, attracting millions of expats from all over the world.
FUN FACT: There are over 3.5 million expats in Kuala Lumpur alone!
2. Ample Business Opportunities
Malaysia is popular amongst expats to either work or to set up a business in due to the business freedom in Malaysia. Check out some of Malaysia’s ranking when it comes to business below:
In the past decade, Malaysia has been an attractive regional hub for their services, with promising growth in sectors such as:
Malaysia’s geographical location also plays a major role in business opportunities as the Strait of Malacca is a major sea-route connecting the Far East to Asia, Europe, and the Middle East. It is also neighbours with Thailand and Singapore and are connected via roads, making it an attractive location for international entrepreneurs for their next business set-up destination.
3. Strong Expat Community
Being such an attractive country for business, Malaysia has a significant expat community. The Malaysia government encourages international students and grants student pass for them to study in the international schools offered.
Numerous expats feel that Malaysia is easy to live in as English is commonly spoken around the country, in business as well as many sectors, including healthcare. This is one of the reasons why Malaysia ranks 4th out of 50 countries as best country for expats.
Malaysia had introduced ‘Malaysia My Second Home’ (MM2H) programme and it has become popular amongst eligible expats as it grants them a 10-year long visa that allows them to enter and leave the country along with many other benefits.
4. Best-in-Class Infrastructure
The government of Malaysia continuously improves the infrastructure to remain attractive to foreigners, as well as to enhance quality of life. This results Malaysia to be one of the most well-developed countries in Asia, making it a top option to live and work.
The developed public transport in Malaysia is a railway system that runs through Malaysia and goes North to Thailand, and South to Singapore. They also have seaports that connect to other major ports in Malaysia such as George town, Kuantan, and Kota Kinabalu.
Moving to Malaysia
These are just a few of the top reasons why people and businesses are moving to Malaysia. While these are key driving factors when making a decision to migrate to Malaysia, one should also consider their needs and goals to ensure it aligns with the lifestyle Malaysia can offer.
The large expat community is a testament to how liveable Malaysia is, so experience it first-hand if you have the opportunity to!
Malaysia is known for their capital city, Kuala Lumpur. Its diverse culture and breath-taking natural beauty are top drawing factors. Malaysia has a lot to offer in terms of low cost of living and amenities, and has numerous destinations with amazing views such as Kota Kinabalu and rainforests such as Borneo in Sabah.
This is dependent on your ideal type of lifestyle and priorities. Places such as KL offer a more luxurious lifestyle compared to more rural areas like an island. In another scenario, if a large expat community is Important, states such as Penang and Kuala Lumpur have a significant expat community.
There are financial requirements in order to be eligible for the visa, that you may refer to at the official website here. Applicants must have a sufficient amount of money in liquid assets, an offshore monthly income as well as a fixed deposit, depending on the age of the applicant. Find out more about MM2H Programme here (link to MM2H article).