Malaysia has a thriving shariah finance system, providing multiple purchasing, saving and investment products that do not compromise your faith. Moreover, there are very competitive corporate and individual taxation rates, with a maximum of 24% and 30% respectively. The country also offers several tax reliefs for residents, which support families. Expatriates can benefit from Malaysia’s extensive double taxation treaties with their home nation, including the UK. So you can avoid being taxed twice for income gained abroad. Overall, the country pushes business-friendly policies to develop its economy.

Leave a Reply