|Population||About 28.4 million|
|Time Zone||GMT + 8|
|Currency||1 Ringgit (MYR) = 100 sen|
* Click here for the latest rate of exchange.
Mandatory Entry Visa obtained from a Malaysian Representative Overseas for foreign nationals from Afghanistan, Angola, Bangladesh, Bhutan, Burkina Faso, Burundi, Cameroon, Central African Republic, China, Colombia, Congo Democratic Republic, Congo Republic, Cote D’Ivoire, Djibouti, Equatorial Guinea, Eritrea, Ethiopia, Ghana, Guinea-Bissau, Hong Kong, India, Israel (from Malaysian Ministry of Home Affairs), Liberia, Mali, Montenegro, Mozambique, Myanmar, Nepal, Niger, Nigeria, Pakistan, Rwanda, Serbia, Sri Lanka, Taiwan, Uzbekistan and Western Sahara.
Social visa on arrival for all other nationalities.
Multiple entry visas require prior approval from the Malaysian Immigration Department.
Click here for latest IATA travel requirements for Malaysia.
Mandatory Employment Pass for foreign nationals wishing to work in Malaysia.
Mandatory tax clearance for foreign workers before leaving Malaysia upon cessation of employment.
Both Non Residents and Residents are liable for taxes only on their income in Malaysia.
Residents working in Malaysia for more than 182 days in the financial year: progressive up to 26% of Malaysian income.
Non-Residents working in Malaysia for less than 182 days in the financial year: flat rate of 26% on Malaysian income.
Tax derogation: foreign nationals are not required to pay any tax in Malaysia if they have worked for less than 60 days in the country.
Exemption for foreign workers: these are not covered by the national social security system, but only by an employer’s contributory insurance scheme for employment injury.
The income retention depends amongst others on the duration of the assignment, contract rate, marital status and taxation and social security agreements between Malaysia and the foreign nationals' country.Please contact Access Financial for more information.