Pros and Cons of Living in Kuala Lumpur
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- Äas pĆidĂĄn 24. 07. 2024
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đ Ever wondered what it's really like to live in Kuala Lumpur, Malaysia? Join Andrew as he shares his insights from over a decade of calling this vibrant city home. Recently ranked as the third most livable city in Asia and eighth globally by expats, Kuala Lumpur offers a unique blend of modernity, affordability, and cultural richness.
In this video, Andrew delves into the pros and cons of living in Kuala Lumpur, from its tax-friendly policies and warm weather to its affordable cost of living and stable banking system. He also covers the challenges, like the time zone differences and the cultural nuances that come with living in a multicultural metropolis.
00:00 Start
00:52 Tax-Friendly Country
2:43 Affordability
4:12 Banking Stability
5:19 Ease of Travel
6:20 Multicultural Environment
7:46 Time Zone Challenge
9:20 Cultural Activities and Livability Aspects
10:36 Language Barrier
11:40 Dating Scene
12:12 Air Pollution
13:30 Recap of the Pros and Cons
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Still waitting for pros and cons of thailand
Your follower from Jerusalem
It's not the Muslim country that's the problem. It's the Malaysian constitution that is purely apartheid and based on racial discrimination that stained Malaysia.
It's possible to get good, cheap condos here in Manila if you know the market well.
Contact me for details.
Apartheid my S, u fool â@@A5un
Andrew, what do you think of Banlgadesh, Is it falling apart?
Going to KL really changed my perspective about Western cities being the best ones.
What I loved about KL was people. Everyone's very nice.
TQVM 4 liking KL đČđŸ. Appreciate your view đ„°đđŸ
People are indeed very nice, I also like that people donÂŽt talk too loud. You can comfortably sit at a foodcourt and not have to listen to someone talking about their personal problems/opinions that they really should keep to themselves.
â@@MrSilverfish12I'm in Vietnam and people are LOUD
As a Canadian I consider Malaysia the best country to live in the world. Food, people, culture⊠all is perfect for me â€đČđŸ
Tumpang makan is not advertised , ask around. (Caterers cater to events.)(Tell the restaurant you don't eat 100-year old egg.)(Curry fish head is a delicacy with little to eat(keep this).) The market comes to you in pasar malam and pasar minggu nearest to you , ask around. The sundry and the local wet grocer will deliver for RM 2 maybe 3 per trip, his time bread butter fish mutton rice vegetables lime lemon sugar milk napkins toilet paper oats coffee powder onions spices cooking oil cooking gas and stove repairs. Above and beyond Panda Food , Grab. Country wide , less so in KL city proper(less so in East Malaysia). Hope it helps you to live here.đđ
@@Privateuser9999 if we are racist surely they will always be troubles among all the races especially in Sarawak Borneo my home town . There are hundreds of Natives Ethnics besides Malay, Chinese, Indians, Sea Dayak,Land Dayak,etc . We are living in Harmony. Why don't you visit our country esp Kuching n mix with the locals đ€đ€.
I have seen racism as a malay but the racist get shot down quickly by hundreds of other malaysâ we dont tolerate rasicm.@@margaretekalaiabdullah8745
â@@Privateuser9999migrate to other country to satisfied you.....
It's just all seed oils đ€ź
I've done both Dubai and KL. KL is underrated, and Dubai way over rated
Why?
Itâs not just the Expats that praise Kuala Lumpur. There are other experts and other individuals that really love the city. So thank you for going into depth about the city
I like KL. I make the trip at least once a month from Saigon and find it a nice place to visit and yearly med exam. Sorry, Bangkok, I go to KL now!
TQVM 4 liking KL đČđŸ. Appreciate it đ„°đđŸ
Same. Bangkok is for the tourists and the expats normies. The real deal is in KL.
I am a single western woman. I travelled to KL and Malaysia/ Indonesia independently. No issues at all.
No issues ya but I just donât dig the local culture. Overall missing culture. Itâs Too busy, public washroom is disgusting, personal space means nothing, no respect for queues, and so many other similar cultural issues.
@@hiddensoroush So same thing as London and NYC. Gotcha. đ€Ł
â@@hiddensoroushwatching in CZcams more disgusting in your western countries . Every where in the streets those without homes n drug addicts used as their homes. You are so arrogant. Don't think that you are Westerners N look down on us Asians...
I would Malaysia. I wouldn't Indonesia. The ranking is right on this one.
@@hiddensoroushItâs too busy? What did you expect me when you go to a city? Good lord. And I have encountered the worst queue jumpers in Australia and London. And in a crowded areas what type of personal space can you have? If you wanted that you should have just gone to one of the islands. You sound like a pretty awful person to be honest.
After spending two months in Kuala Lumpur, I can definitely say the pro's outweigh the negative. I'll be back again!
I am a Malaysian, used to nomad throughout the Americas and Europe. Yeah KL is pretty fucking awesome.
Hey @Anonozchong whatâs the music scene like?
@@chemonmusic u mean like local music scene or international consert
I like this đKL really Awesome
I like this đKL really Awesome
Whatâs a good neighborhood or someplace outside kl ?
Been in KL for 2 months now. I like that KL is essentially a modern city but still kinda has that old town southeast asian city feel. YouÂŽll have big skyscrapers, 5 star hotels and supercars zooming around but at every corner is a cheap as peanuts foodstall or market where you donÂŽt pay silly prices to get a full meal. Also thereÂŽs essentially 3 cultures in one city; Malay, Chinese and Indian, I have never seen diversity like this in a city before.
Try any number of English cities!
Singapore also have 3 cultures but without racism. Malaysia have racism
@@band1t9999 yeah the Bumiputra laws really suck. But regardless, I have been treated well by all 3 ethnic groups, even though I am not white and have very brown skin. The Malaysians are very nice
@@MrSilverfish12 where are you from ?
@@band1t9999 I am Fijian but often mistaken as an African due to my very brown skin. Some Malays think Im Indian Malay lol
I have been living and working in this amazing country for more than 8 years and i keep falling in love with it day after day. â€
I was there last year and was delighted by how sweet the people are! And for anyone looking to retire on a fixed income, you can have all the amenities for 1950s prices.
KL is one of my favorite destinations. Day and night its an exciting place. low crime, fun, great food.
TQVM 4 liking KL đČđŸ. Appreciate it đ„°đđŸ
How is the humidity?
@@tiyes94 mid day is hot but overall KL was not as bad as Thailand
@@SahifulTajuddin I love it
Iâm in Penang island right now
@@RetireandGo tq Mr Gi Joe retired
One of my favorite countries in the world, something there makes you feel you are welcomed. I am glad to see a westerner highlights how the west is not how it's marketed on mainstream media and organizations
Great video
As someone who travels to Asia frequently everything you mention about KL is 100%. A lot of people I know don't pick Malaysia as a HubSpot to visit but once they experience the culture and landscape of the country their perspective changes.
Iâm a big fan of KL - great people, very safe, very good value, and just big enough to have plenty going on but not so big itâs overwhelming. Traffic can be bad and the humid climate isnât particularly to my liking but still I would have no hesitation recommending it. Iâd happily relocate there myself if the right opportunity came along.
Do people ride electric bicycles? I ride one in London and it's great.
@@fishing-gardening-travelling with our road and the lack of road law enforcement? The motorist use the bicycle lane so good luck getting home safely đ
Iâm going there next week to see if itâs a place I could retire in! Canât wait.
Try to set up to view property with an agent and check out the different areas. Housing prices are ridiculously low. One thing I hadn't seen before is called a 'dual-key' condo where there are two separate living spaces with their own entrance within the same unit. Presumably the smaller one is for live-in help or can be rented out to a single business person. Great for 'optionality', especially for the retired as you age in place and may want an onsite nurse. Also, some of the big condo complexes have an entire level dedicated to businesses like grocery store, hair salon, pharmacy, doctor offices. Very handy in later years to just go down in the elevator for your errands.
so glad to see malaysia being mentioned more. i used to live in the UK and I dont miss itđ Most locals enjoy living in KL and malaysia in general, the only problem is lower wage for the locals unless youre in IT / Tech sector
That's the reason I don't want to move to Malaysia. I'm a train driver in London and even a Doctors salary in Malaysia couldn't pay me the same. (Surgeon)
For now I want to buy properties in Malaysia and visit during the UK winter months.
â@@fishing-gardening-travellingyeah thats the only thing we have to fix.
Local salaries for the well educated in most industries is pretty ok, for local standards. But the majority, especially outside of the main cities, lack the education and well paid jobs aren't around most rural areas of course.
What a wonderful view. It's always good to hear the pros and cons about living in KL, Malaysia, especially when it comes from the Nomad Capitalist.
đ„°
@@nomadcapitalist đ
What makes KL cool to live is diversity and it's peaceful people .
The US Embassy states Kuala Lumpur has acceptable air quality that may be a moderate concern for those sensitive to air pollution. Sounds like as long as you donât have asthma or other respiratory problems youâll be fine. I stayed in Makati in Manila and it was disgusting what Iâd blow out of my nose every day.
The only time we Malaysians or singaporeans suffer is when indonesia starts burning their crops
I was in KL during April this year, which is prime burning season for the neighbors to the north (Thailand). There was a mix of sunny and cloudy days, along with some rain, but I never detected the smell of smoke whenever I was outdoors. The humidity is ever present, but it seemed less intense when compared to the times I've spent in the Philippines. KL is a very livable city, and as a westerner (California) I really appreciated the modern conveniences and efficiencies when shopping or getting around the city. Great food options too. Driving on the left hand side of the road in a right hand drive car would take some getting used to.
Oh its there, I love going for a run outdoors and when I go running at night time my throat feels like I have been smoking. You donÂŽt notice it walking around in the day, which is good. But if you ride a motorcycle or exercise intensely outdoors you will feel it. Im currently staying in the Bukit Bintang area its very cental, I understand that the outer suburbs will definitely have better air quality.
Living in downtown KLCC in a high rise condo on a high floor: When I open the curtains in our bedroom in the morning, on a clear day I can see far away to even the mountains surrounding KL. But on most days it is not clear and you can see the pollution and smell it when you step out. It is something to bear in mind when moving here, the air quality in SE Asia is just bad, when compared to Europe. Add to that the brutal hot and humid weather year round and you have the two only cons for living here.
As a semi-retiring Singaporean visiting KL, first impression is this place feels like the wonderful 90s in Singapore: Cost-friendly, nice people (except the subway staffs), great food. Cons is the traffic, pedestrian walkways.
street food is not hygienic
@@azmiadnan2161not hygenic? Go eat lau pa sat, so hygenic meh?
A very fair view of KL. We have travelled there many times. The food and the shopping are a big pull. The reasonably priced accommodation and travel to other parts of SEA is interesting. The big thing downside for us, they've been dragging their feet on the MM2H visa - latest version is the mandatory property purchase (cannot sell for 10 years), no PR.
Yeah same. Hope they can figure out MM2H soon!
PR for MM2H? Good luck with our gov trying to approve that as that would be a political suicidal move for our current fragile coalitions gov đ
@@hammerfall6666 like stated, there is no PR eligibility for any of the MM2H programs.
You're spot on with much of your commentary. Great place to live, so-so place to visit. Two cons you didn't elaborate on: schooling and business networking. These two factors are certainly better serviced in Singapore, though schooling (unless PR or citizen) comes at a significant price. For the pro's do consider this: it's relatively easy to access decision makers in government agencies if you have an issue that doesn't quite fit in to existing boxes. Provided you're acting in good faith and in the general thrust of whatever initiative, discussions on exceptions are doable and decision makers are approachable. KL particularly has the feel of a big village. It's a great place to be.
(International) Schooling in KL is at the same level as in Singapore and at less costs, it's mor a pro for KL, than a con. Business networking in KL is totally different from Singapore. Singapore is far more international, there is hardly any local or domestic business activity, whereas in KL / Malaysia, there are more domestic business activities and opportunities, howver the Bumiputra legislation is a definite hurdle to take, when targeting the governmental relations and opportunities.
My wife is tanzanian and I'm USA citizen. There's flights (starting) this fall from Nairobi to KL for 220$usd. Together we can only stay 30 days visa free. Planning a trip in Nov/Dec to check it out and hope to get some friends to help us potentially stay. Thanks
Nice thing about living anywhere in Southeast Asia are the cheap and quick flights to all around Asia. You can truly have a weekend escape and be in a totally different world just 3 hours away. Plus KL has all of the Western amenities you want.
Same goes for Europe though, it is dirt cheap to fly around Europe with low cost carriers.
Kuala Lumpur is a flashy and vibrant hub which is enticing to lots of investors and digital nomads. Affordability and balmy weather year round are unbeatable advantages.
Malaysia and Kuala Lumpur sounds like an awesome place. Also not in the major risk zone for global politics.
Malaysia the best country ever!â€
Hi! Anticipating a Malaysian visit early '25, to compliment my Thailand adventure. I must say, in my research, there exists a different dynamic of cons that others have experienced in Malaysia I hope to not encounter. Speaking of Phoenix, I lived there as well, & often wonder where else in our world might a Sedona-esque ( nature/ vortex energy) place might be. That's my cup of teađ
Can you expand on the cons ? Thanks.
@@magnolya8 Nice to hear there are others out there like me. I too am looking for a place like that. I love Sedona but I live in my car because I refuse to slave to pay for housing after 20 years being a NYC homeowner and getting nowhere with that American DreamâŠ.Iâm thinking Egypt might be more affordableâŠ
Half Malay/Kiwi here - I do like KL, but compared to BKK idk, it's missing something. Besides the obvious. I love the food/shopping/accomodation/affordability of KL...the weather is boring for the most part which i like. Malaysia now though is noticeably cheaper than Thailand, probably the weak currency. agree with most things in the video. Travel connections excellent...
So educational!
Iâve been to KL 10 times or so but only for a couple of days each time. Iâm planning to stay longer next time to check it. I agree the lack of culture is a thing to be worried about. Also it is extremely humid there. Iâm living in Bali for some time and I can easily say that the humidity in KL is much higher than even Bali. That humidity in city life must be challenging.
Will be there in a month time, looking forward, my second time visiting
Malaysia is among the top 10 for retirement in 2024. The best in Asia among only South american & European countries. Selected by the Retirement index.
I just looked it up, I wish I was nomad wealthy, but living overseas has allowed me to save a lot of money while still making a very decent western salary. With this I can invest so much more of my money and it grows much faster. BTW for anyone reading the visa is about $220 a year and the requirements as a digital nomad are pretty low.
I think I need to explore KL. Have been living for 14 years in HK and 9 years in Japan.
Hello, Thanks to you, I have learned many untold truths and exposed lies about various countries. Thank you very much. I thought it would be great if you, along with other nomad capitalists, could prepare a rival list of the most livable countries to those biased publications like The Economist that claim Vienna is very livable. I am sure that many people would follow this list and follow you. I love you and your publications.
Thank you! Here is the video about The World's Most Livable Cities for 2024, hope it helps: czcams.com/video/4-FIMxK-AkM/video.html
What's wrong with Vienna?
For muslim experts,malaysian banking also provide islamic banking and i see some non muslim also taking islamic banking as their product and services.malaysia also listed 3rd largest islamic finance in world if i not mistaken
Banking and finance should not have religious elements in them.
@@al16899 Too bad, no one cares about your Western mentality here.
@@al16899 we dont practice loan interest in our lifestyle therefore need non riba' business
How does Islamic banking work if interest is haram?
Indeed, being non-muslim, I hold several Islamic bank accounts here, even with international banks like HSBC and OCBC it is just another product to consider.
Yeah there's not much to do in terms of activities but c'mon their malls are amazing! And you got a couple of swimming pools almost in each condo: want to take a break from work? Jump into the elevator and have a nice swim on the recreational floor †The best part, the city doesn't feel overpopulated/crowded! If you get place somewhere not in downtown, you'll get to be the only expat in your neighbourhood đ which could be really fun for someone like me đ and the FOOD! I used to think I wasn't a foodie at all... and then I spent some time in KL ... well! One more, the city feels super organized, everyone seems to follow rules and not to disturb others which is super nice
30 years later many will know Andrew was right about Malaysia
Great balanced insightful â€
Thank you for promoting malaysia. Malaysian Ministry should have endorse your opinion to get more people residing in Malaysia.
You can go sightseeing ard KL, addy fields, village life in the highlands, indegeneous tribe village, beach all within 45mins to 1œ hrs drive,
Great balanced insight.
As an expat living in SE Asia, personally I do not socialize with expats, all of my friends are locals. Asia as been my home for the vast majority of my adult life considering I'm almost 70. The one place that I am considering purchasing property in is Malaysia and Cambodia. Looked at Thailand but they are in a housing bubble much like HK was in the late 90's and early 2000's. Malaysia and Cambodia are the best property deals in Asia. Vietnam is starting to open up but has quite a wase to go before it reaches a good potential.
Purchasing property for investment is still a definite NO-go,as returns here are way below par. However purchasing property to live (and retire) is well within reasonable boundaries and doable.
I loved KL when I visited for 3 weeks last year, for many of the reasons that Andrew listed here. Am currently awaiting a decision on my digital nomad visa, so that I can "try it out" for a year.
Good luck!
@@nomadcapitalist Thank you!
KL is like Phoenix, AZ. I have never heard this comparison before and I'm all for it. The only places to go sightseeing are like Batu Caves, Petaling Street, The Twin Towers, maybe you might go see the National Museum, maybe you might go to the National Monument, maybe the Jamek Mosque, but that's it. It's mostly restaurants, cafes, and shopping malls.
thank you Andyđ.. and a hidden gem đ
Thanks Andrew
Thank you, Andrew. Just hope this gem doesn't become Californicated and thus affordable only to the wealthy elite.
Malaysia is a great place to stay, i visit on a regular basis. If you stay in small cities like Melaka you can really enjoy very cheap living.
When he said that a less well decorated version of his place rents for several thousand dollars a month, and he referred to that as not being much, at first I was confused and thinking that this is lots of money for rent. But then I realized he has a really nice place and his place is worth extra because the location in Malaysia.
It's easy to find any place at any budget here in KL, be it studio or 1,2,3,4,5 bedroom condos from 50m2 til more than 600m2, or bungalows with private pools and gardens ranging from 250 to more than 1000m2. Imagine a 600m2 bungalow with a private pool and garden space with 5 or 6 bedrooms, views and all in affluent neighbourhoods for less than 4000 Euros or US$ per month. Or a studio in a condo in smack on downtown KL with views of the towers and an infinity pool for not even 650 Euros or US$ per month. and anything in between. Or above if you wish...
Hear hear Andrew. No matter how rich you are there is an inherent pleasure in value for your money.
Missed conference tickets, but Ill be there during it!!
We have a few VIP tickets left, and we'd love to have you there: nomadcapitalist.com/live/
I have been happily living in Thailand for decades, but am now waiting to see how the tax changes and proposed tax changes shake out in Thailand. As an options trader, I could easily move to K.L. or Penang. The major disadvantage being the additional hour of time difference, meaning that the US markets would open at 21:30 or 22:30hrs.
I've lived in Singapore and Kuala Lumpur. Singapore is to build wealth, Kuala Lumpur is for living. I honestly didn't like KL for the first six months but after that, it grows on you - as mentioned it's a good place to LIVE but you have to give it some time. When I get my businesses to where I want them I'll be returning to KL.
Good video.
Lived in downtown NYC for years before moving to MT kinda ruined me on cities. I like the charm and walking streets with various things to do - I donât think KL would be my jam even though it sounds good for the other reasons you mentioned.
KL was great when I visited. Friendly people.
Thank you for being such a positive spokesperson for our country. I just want to add. This is not the country for "passport bros"... You know what kind of person I'm talking about. There's other SEA countries that are more than willing to take them in.
Hi, if i'm Westerners i will work digitally or remotely, earn income in dollar or any other currency but will live in Malaysia, Kuala Lumpur. If you earn USD4k monthly income you can have decent live style in KL. Nice condo in nice neibourghood. Good car, nice meals without need to budget. Even short holiday around Malaysia without to concern of short of money. You still can buy thing without worry. Your kid will have international school.
i ask my friend..hes from u.k..living in terengganu for almost 21 years with his family..why malaysia?..he said..simply bcoz the people...he said if u talking bout city...theres better city than kl,beach..thailamd..much better...affordable..theres country dat much much more cheap to live other than msia...but wut make malaysia diff..the luvly people..dats wut u aint goin get anywhere else..dats wut he told me..as msian..i dont know bout dat.r we dat nice....but it does make me proud..anyway..thanks nomad capitalist fo living in malaysiaâ€
Cheaper to rent than buy in Malaysia
Quite boring outside Bukit Bintang, I am there right now, my 4th time here, there is a lot of potential and great investment opportunities, buying a house in KLCC now is hard to avoid if you have the money. Based on cost of living and offering it is top tier. For me it has undiscovered potential in the sense that they need to build more stuff to make it more fun and entertaining, still a great place for someone that wants to focus, the good thing about a place without all that much to do is that you can do what you have to do without distractions, after that, as the video mentioned, easy to travel to other places with more things to do.
Absolutely spot on. Nothing too much to do but it's a really nice chill place. It's not exciting but it's nicely balanced.
My biggest cons would be the appalling customer service. Malaysians are friendly people but for some reason they tend to be quite rude when it comes to dealing with customers? I experience it across all sectors, regardless of whether it's at a premium hotel/restaurant or at a local post office. After all these years, I've come to the conclusion that Malaysians just really don't want to work and they're only there so they can make money to makan.
Lots of locals speak English is Malaysia. đČđŸ If you want a more laid back lifestyle with the same benefits consider Kota Kinabalu. Itâs easy to fly to KL for the odd Embassy visit or when you want the big city experience. Air Asia and others provide excellent connections all over Asia so you can live cheap and travel cheaper.
Salary in malaysia is low for locals. Another con is too many migrant workers from South asia. This is not good as too reliant on them.
UAE which is known as the best country has more immigrants there
Migrants, we have plenty, but I don't think we beat Singapore, they have more
@@AbdulAhad0000 depends if they are labourers or professionals
â@@keangwooichoo6138Yup, too many shady types in msia, terrible! đą
Which neighbourhood do you live in?
12:11 no dating? This is what all fathers dream of for their teenage daughters
đđđ Asian parent?
Seen AirAsia planes here in LAX.
I wish it wasnât so hazy. Pollution is real but love KL overall.
Can you include a link to the list youâre referencing in this video?
Singles maybe tough. For family will be good.
3:02 I went to an ice cream truck today. They were charging $4 for one Strawberry Shortcake ice cream bar. So, $2 or $3 for a meal is considered winning.
Gentlemen, Malaysian women are đ.
Which report? Curious what was number 1 and 2?
This channel is not for the normal worker who gets minimum wage. Honestly it seems like a channel for people with money or business that are well matured for many years.
Our clients earn US$500K+ or have liquid assets of $1M+.
â@@nomadcapitalist Yep. Out of the level of realism for most people.
I think KL is my overall favorite Asian city. I appreciate the hint of British influence leftover there, yet you never forget you're in Asia. It is gritty enough to be interesting at times, but not something you cannot escape to live a more comfortable Western life. The food is probably my favorite overall in Asia. Obviously the value for money proposition is hard to beat.
The downside for me is the time zone. I do business in North America and no matter how you try and approach it, matching up KL's night to North America's business day is going to leave you sleep-deprived. Also... "graysia". I have lived too many years in Canada. When I finally escape, I want 300 days of sunshine and blue skies each year. I find Asia just too cloudy for much of the year.
I will still happily visit, but I don't know that it is a place to live.
The time zone can be tough if you're active with the Americas.
I like KLâ€
Could you please make a video about how KL would fair for crypto investors? Would it be taxed? Can we declare it, use gains to buy local property and etc?
Thanks for the great video.
I went to Phoenix last December for a weekend, primarily to meet up with a Uni buddy. Yeah, there isnt much to do. But there's a lot of interesting things nearby. However its all very far apart and the only way to get those places is to drive.
Same in Kuala Lumpur.
@@arii1987 Not nowhere near as far mate.
Malaysia is a truly beautiful country with lovely people. Kl is a city that is big but doesn't feel overcrowded like Bangkok. In Bangkok there is more to do and more entertainment. Kl is a great place to live and an excellent base for the rest of Asia. Air pollution in Kl was not nearly as bad as in Bangkok where I walked with a mask. you have to get used to the degree of humidity. The homes are available for every category and often have a swimming pool and gym in the accommodation. In Kl there are so many shopping malls per mile that I wonder how I can earn money there. There is one thing I really don't like in Kl. And that is that as a pedestrian you are not guaranteed your life. You have to run for your life when you cross the road as no one will stop for you, not even on the zebra path. the dating scene is not that good in Kl for singles. But all in all, I would definitely choose Kl to live because it has a good average.
If you spend 90 days or more in Malaysia long term, you are a tax resident and worldwide income is taxable according to two reputable accounting firms PWC and KMPG, also HSBC. If you see this, please tell me where they are wrong. I donât want to limit myself to 89 days somewhere.
I believe you do become a tax resident, but you can claim the FEIE (Foreign Earnied Income Exclusion) to reduce your federal income tax liability (I am assuming you're a US citizen).
The new MM2H programs also do not tax foreign sourced income from what I have read, so that could be a good structure
@@pthenq Thank you. I will be researching but I did not see where MM2H did not tax foreign income. I was more interested in the PVIP, as it does not have a stay requirement or the new property requirement.
@@copaul71 I think they donÂŽt want skyrocketing property prices like they have in europe at the moment. Either buy in at a high end property or accept the fact that you will pay tax as an EMPLOYEE of a foreign company. By the way Andrew explains it, you either run your own company or prepare to pay tax.
@@MrSilverfish12 Thanks for the reply. I guess we each have our own interpretation of what the failed projects they are pushing on folks are. I do not see them as high end. Iâll continue to watch his videos on the topic and do my own research. I think he skims over the topic of tax residency. He does not live there full time but for someone that wants to, my understanding is different than what he puts forward. My understanding is all income brought in to the country would be taxed, topping off at 30%. He is not offing tax advice, but he could be a little more transparent or explain this fully. Best case scenario is they do not put in to practice the changes. Best case scenario on the MM2H was the top level was to include PR. It does not. Track record is not solid with the Government there. Would rather he be more transparent about all that.
@@copaul71 I understand. But from what I am hearing from NC the reason the MM2H is so attractive to expats is that they DONÂŽT tax foreign income, only income you earn within Malaysia. The only other option is the digital nomad visa which would require that you pay tax to your home country and if its less then Malaysia then I think you pay the difference. With the 90 day rule, IÂŽm not saying nothing will happen to you, but it is very difficult to enforce this because it requires Malaysia to have an extensive tie to your home country for them to actually come after you for tax. You are either denied entry if you do a visa run or deported if you overstay. In my unprofessional opinion, it is highly unlikely they will come after your worldwide income unless you are so blatant with visa runs, one visa run max should be fine. If you want to stay longer than that, then yes get a long term visa.
Make money in Singapore, live in KL, party in Bangkok
Even better, make money in KL, live in KL and Bangkok. From experience. Who needs Singapore?
There is so much more to Malaysia than Just KL
@NortyNige lol true. Our size is almost equal vietnam. Larger than philippines
However, other than the West coast of Peninsula Malaysia, other places have nothing much to offer if people prefer to live in nice apartments, enjoy good healthcare, enjoy international cuisine, and have all the conveniences of life.
KL is epicly boring, thereâs no doubt about that, but the other cities in Malaysia are even more boring!
@al16899 east coast is mostly island resorts
@@90taetaeya borneo has plenty to explore. Eco tourism
the only con that really puts a shadow in anything else in this country is how as a woman you feel judged just to go in a swimsuit to the beach or to the swimming pool, also if you wear tight tshirts... I know it's a muslim country but still... I didn't feel comfortable/safe there as a solo traveller woman. I felt much comfortable/safe/free and I had much more fun in Bangkok or other places in Thailand. Also it felt like the only activity there is going to the mall... I liked more Penang, the Perankan Mansion and the Blue Mansion are worth a visit!
I read one article online "the only thing that saved south america from asia is the cheap flights(from North america). Otherwise our cost is lower than many south american countries.
Im still deciding whether to take the Dubai Golden Visa or the Malaysian MM2H
Try it out. Stay a month in Dubai and a month in KL. Check out which one suits your business needs, family needs etc.
@@tg988 what do you recommend..? Have you been both these places..?
@@pkmuhammedhisan From CZcams video, Muslim familIes who had lived in Dubai and KL would usually choose KL. Main reason is cheaper cost of living in KL. But if you need business network, Dubai is a better option. But then you can always travel to Singapore or Bangkok to get more business connection.
Lived for a while in Dubai and now since 6 years in KL. Would never ever go back to Dubai. Incomparable, Dubai is nothing more than an artificial place with malls and desert, whereas KL is in Malaysia and SE Asia with so much more diversity and the people are a zillion times more hospitable than the Arabs in Dubai. No brainer really.
@@EGO0808 Thank you for your input..this will help me make my decision easier
Wait the digital nomad visa is 24,000 USD a year, I might need to look at it
24k is for your annual income. It costs abt $221 for the application.
KL best food, best people, best value for money
I would say more 3pm for the showers ^^ At least in winter !
Real estate prices are too high in KL compared to some countries in Europe . I would consider Greece, Turkey (western part excluding Istanbul) and Montenegro as better options for an equal amount of spending although living expenses are slightly higher (maybe 30 percent)
All depends on what you wish for. KL property prices are among the lowest in SE Asia and therefor way more affordable than in mentioned countries in Europe, when comparing apples to apples. Condominiums with facilities like pools, tennis courts, bbq spaces, entertainment rooms, gym and so forth are just not there in Europe, whereas they are the standard here in KL / Malaysia.
KL is only great for immigrants (which includes expats) and the affluent. Cost of living there is ridiculously high for the kind of salaries Malaysians get.
hmm?? KL locals have been living there for decades and many are doing well, the malls, shops and restaurants are packed. It's not as bad as you imagine and there are more middle and wealthy class KL people than you think.
i will be coming to KL
Hopefully we'll be able to welcome you at Nomad Capitalist Live.
I want to understand something. So in order to be able to set up a tax free regime in Malaysia you need to own your own company and not have it operating with Malaysia. But if you are an employee receiving income from a foreign company they tax you on that? Is this correct? I would LOVE to live in Malaysia but I do not run a company in a way that wouldnÂŽt qualify me as an employee. Please help
It's not saturated in culture as one would get say, in Bali with temples, ancient architecture, and delicate objects of worship displayed everywhere.
If only Malaysian architects and designers draw more inspiration from its own history, rather than try to copy Western designs.
But have you been to Melaka?
If you work remote there, you will be taxed. In addition, check out their 90 day rule (not tax friendly).
How can they find out if youre working on your laptop?
@@rohanofelvenpower5566 Malaysia has an aggressive and well connected tax enforcement system. The bigger question is do you want to take that chance? Thatâs like saying I can rob a bank and thereâs only a 20% chance of me getting caught that still doesnât make it worth it.
You maked me lough for your statement..Wow..You are waching a lot of hollywood movie..lol..ha ha ha..
@@kevinstrong7520 you have to leave anyway if you are only on a tourist visa for 90 day rule. If you come back you could be on the hook, but from what I am hearing it is not well enforced. I would not take a chance on it if you earn a high income, its says 30% flat if you get smacked.
Kevinstrong Can you tell me which country is tax friendly?
Malaysia is still a commodities driven economy excellent hedge against the rest of the liquidity propped economies.
I heard china and India good. My country can't go to russia. Lot of asian people moved to canada!
Also born in Maryland, that right next to Washington DC. I 100% agree with you. Wanna learn about other countries, broaden your horizons. Maybe don't renounce your US citizenship. There are many veterans. 2,000,000 every year who work in US Federal government military for low pay.