Malaysia
Malaysia, a former British colony, is a fusion of culture and spectacular scenery that is becoming an economic hub and property investment draw for southeast Asia.
Capital city: Kuala Lumpur
Language: Malay
Religion: Mostly Islam, Buddhist
Currency:Ringgit
Climate: tropical
Time zone: MST (UTC+8) - Summer (DST) not observed (UTC+8)
Getting there: Malaysia is connected worldwide through various major airports. Check your local flight schedules to see which airport services the destination. The Kuala Lumpur international airport is connected to most countries including the US, England and many others. Rail services are also available that connects the Asia Pacific nations to the capital and various buses from countries like Singapore and Thailand have services to the country. Contact the national air carrier, Malaysia Airlines to get a schedule of airports with the route.
Buyer’s Guide:
Stamp duty depends on the value of the property, but is usually a very small amount. Sales tax 10% (included in other taxes) property tax12% annual property value.
Capital gains on property sales is 30%.
As ever consult a solicitor.
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