Malaysia throws its lure to attract high net worth individuals
Contributed by Sulaiman Saheh
The intention of bringing foreign investments into the country hinges on the expectation of the economic growth it potentially brings and the positive multiplier effects into many other sectors. This, of course, applies to the higher income levels of such foreigners who invest and spend significantly in the local economy, as opposed to the lower-income foreign labourers.
As the world becomes more globalised and the international movement of people is expected to grow, some countries have welcomed them through special programmes through what is commonly referred to as a golden visa or residency-by-investment.
Other than the commonly larger-valued Foreign Direct Investments (FDIs) associated with new business set-ups and expansions, foreign investments can also be at a more individual level. These may include investments in local financial instruments and products, as well as residing in the country and even purchasing local properties. Areas that have significant foreigners’ and expatriates’ occupation and even ownership, is more often than not, seen as more affluent with higher property prices and rental rates.
