Part 2/11:
One of the standout advantages of living in Malaysia is its tax-friendly regime. Malaysia operates on a territorial tax system, meaning that only income earned within the country is taxed. Income sourced from abroad is not taxed, which can be a significant benefit for expats and nomads. Even better, if one establishes an offshore company, especially in Labuan, Malaysia's tax haven, it may be possible to pay minimal to zero taxes while residing there. This system encourages foreign investment and economic contribution from expatriates.