The simple cost of living in Malaysia

central business district in Malaysia

From a small tin-mining village to a world class infrastructure. While business behaviour is similar to the West, Malaysia can provide an intercultural experience, an affordable lifestyle and a 25% increase in income. The only country to hold territory on both mainland Asia and the Malay Archipelago, Malaysia is home to rainforests, beaches and islands.

Visa

Employees and their families may enter the country on ‘social passes’ and secure a work permit thereafter. There are strict laws surrounding illegal workers, so it is suggested that work does not commence until a Work Permit has been received. The process can be extensive; however, it is possible for future employers to obtain visas. Foreign nationals intending to work in Malaysia must exceed the age of 27. An exception has been put in place for the IT sector with a minimum age of 23.

Extensive information can be viewed on the following website:
https://esd.imi.gov.my/portal/about-us/esd/


Property Market

Unlike Singapore, it is possible to find affordable living within Malaysia, in many aspects prices are considerably lower than the UK. In upscale communities such as Kuala Lumpur you can expect to pay around RM1500 for a one-bedroom apartment. However, it is possible to find properties at half the price in rural areas. It is advised that access to transport should be researched as road traffic can be extremely heavy during rush hour and sudden thunder showers.

Terraced and detached housing can be found out with cities while it is more common for condominiums and apartments to be found within. These can come at as low as RM1000 per month and long-term leases can last for up to two years. Utility expenses exist at extremely fair prices throughout the country. Further information can be accessed at: 

https://www.instarem.com/blog/an-expats-guide-to-the-cost-of-living-in-malaysia/#targetText=The%20cost%20of%20living%20in,most%20affordable%20city%20for%20students.

Transportation

The cost of overall transport in Malaysia is relatively low. Owning a car is fairly common, however, it is not necessary and it is possible to get around without. Public transport passes can be purchased monthly at approximately RM100, the most popular being buses. When it comes to purchasing a car, it can be more expensive than in Europe. Locally made cars will be more cost effective and are sold for much less than imported vehicles which carry 100% tax. Taxis are largely used within cities and legally carry a meter. These tend to start at RM3 and cost approximately RM2 per km.

Business c

Schooling and Childcare

Due to an ever-increasing expat community, there are many highly distinguished international schools. Education costs for children vary. International school fees at primary level can be found around RM22,000. For secondary education you should be prepared to pay between RM30,000 and RM80,000. Different schools use varied curriculums, the most popular being the British and IB programmes. Leading schools include The International School of Kuala Lumpur and Garden International School both situated in the capital. For younger children private day care and Kindergarten nurseries charge upwards of RM300 per month. However, some families may opt to employ a foreign domestic helper to help with combined childcare and housework. The use of an agency is recommended and the cost ranges between RM12,000 and RM18,000.

Other costs

Water and electricity can cost between RM180 and RM300, you can expect to pay less than RM 200 for internet. Tax rates for residents vary between 0% and 28% with a fixed rate of 28% for non- residents.
There are a large amount of sports and leisure clubs throughout Malaysia. These provide a wide range of sporting activities from golf and yoga to watersports. For one adult, a monthly membership will cost around RM150. These are a great way to meet people and have large expat communities attached.

Sports and activities in Malaysia

The opportunity to travel in Asia from Malaysia is endless, with budget flights flying daily to a number of different locations. The website below provides an up-to-date summary of the costs of living in Malaysia and allows price comparisons to be made with other cities.
https://www.numbeo.com/cost-of-living/country_result.jsp?country=Malaysia


If you are interested in a move to Malaysia or anywhere else in the world and would like to speak to Kingpin International about International Tax Opportunities, please contact a member of the leadership team. Alternatively, please browse our current international tax vacancies.

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