What Happened in Malaysia? Why are Investors Leaving?

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Malaysia - one of the most loved countries on this channel. Malaysia had lots to offer: affordable costs of living, great real estate options, decent banking, an amazing residency program Malaysia My Second Home (MM2H), low taxes of only 3% in their offshore jurisdiction Labuan, good options to hire people, and much more.

Lots of our clients relocated and did business in Malaysia, while many more were considering it in the future. Then all of the sudden everything fell apart!

Labuan ceased to be a good option, and wasn't a low tax jurisdiction anymore, Malaysia closed its doors to foreigners and many investors left the country. When they recently reopened the MM2H program it was not even a shadow of the amazing program it once was. It seemed like designed to keep foreigners out of the country. But why this all happened? How did this amazing jurisdiction turn into a hot mess?

We will cover a little bit of the history of Malaysia, and how it became popular in the offshore world. Then we will talk about the transition and today's period. What went wrong in Malaysia and can we expect things to get back to the previous state? Let's see!

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We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.

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Author: Michael Rosmer

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Видео What Happened in Malaysia? Why are Investors Leaving? канала Offshore Citizen