Are you interested to start a career or own a property in Malaysia but unsure where to start? Don’t worry; our expert has covered everything for you!
Fill in your details and get the FREE e-book with all the necessary info before moving to Malaysia. Grab it now!
Version: CN
Have you noticed how Malaysia has increasingly become an attractive spot for foreign workers in recent years?
The country’s strong economy and increasing need for skilled professionals create favourable working conditions and numerous opportunities for expatriates in various sectors.
Whether you’re an IT specialist, business strategist, or part of the growing digital economy, the country offers a range of benefits that appeal to foreign talent seeking better career prospects.
This article explores what makes Malaysia such an appealing place for foreign workers to settle in and the different types of permits available.
What Makes Malaysia an Interesting Place to Work?
1. IT and Tech Boom
Malaysia’s job market is rapidly expanding, especially in sectors like Information Technology (IT), finance, and business management.
The emphasis on digital advancements has resulted in numerous lucrative job opportunities, particularly in urban areas like Kuala Lumpur and Cyberjaya.
2. Emerging Business Hub
Major cities such as Kuala Lumpur, Johor and Penang have also evolved into vibrant business centers, attracting multinational corporations (MNCs) and has created a high demand for skilled workers in fields like finance, consulting, and marketing.
3. Economic Stability
Malaysia boasts a stable and growing economy, with a strong focus on sustainable development.
4. Affordable Cost Living
Compared to many developed countries, Malaysia offers a relatively affordable cost of living. Expatriates can enjoy a comfortable lifestyle with reasonable housing, transportation, healthcare, and food expenses.
5. Competitive Salary
While wages vary depending on industry and experience, the average salary for an employee in Malaysia in 2024 is estimated to be around MYR 3,500 and can exceed MYR 15,000 per month.
6. Favourable Exchange Rates
The Malaysian Ringgit is currently favourable for expatriates from countries with stronger currencies, such as the US Dollar, Euro, and British Pound.
This means that foreign workers often see their purchasing power increase when they convert their salary into their home currency.
Types of Work Permit
1. Employment Pass (EP)
Employment Pass (EP) is the most common work permit issued to expatriates. Generally granted to individuals with specialised skills or expertise and are available for varying durations depending on the applicant’s qualifications and employment status.
- Employment Pass Category I: For highly skilled professionals with a salary of at least MYR 10,000 per month.
- Employment Pass Category II: For professionals earning between MYR 5,000 and MYR 9,999 per month. The pass is usually granted for up to 2 years, with the possibility of renewal.
- Employment Pass Category III: For foreign workers in semi-skilled or unskilled positions, earning less than MYR 5,000 per month. This pass is typically granted for shorter durations (usually 1 to 2 years) and is subject to stricter conditions.
For more information on types of visas in Malaysia, click here.
2. Temporary Employment Pass (TEP)
This permit is designed for foreign workers who are employed in sectors that require lower-skilled labor. It is typically issued for jobs in the construction, manufacturing, plantation, and agriculture sectors.
- The pass is granted for a period of 1 to 2 years, depending on the nature of the job.
- Employers are required to demonstrate that they cannot find local workers for these positions before hiring foreign workers.
3. Professional Visit Pass (PVP)
The Professional Visit Pass (PVP) is a short-term work permit for foreign nationals who are coming to Malaysia for specific professional engagements, such as attending conferences, conducting training, or working on a project.
4. Residence Pass-Talent (RP-T)
The Residence Pass-Talent (RP-T) is a long-term work permit aimed at attracting highly skilled foreign professionals to stay and work in Malaysia for an extended period.
- This pass is valid for up to 5 years and can be renewed.
- Provides flexibility and benefits, including the ability to bring immediate family members along.
5. Malaysia My Second Home (MM2H) Program
For those seeking long-term residency in Malaysia, the MM2H program provides a pathway to obtain a 10-year renewable visa. This program is designed to attract affluent foreigners who wish to retire or work in Malaysia.
For more information on MM2H program, click here.
Continue Reading:
