If you are a foreigner living in Malaysia and are looking
for how to add more money, you have come to the right place. Herd, we will
teach you how to earn 100k per month in Malaysia as a foreigner with or without
investment.
Being a foreigner in a different country sometimes hit
differently especially if you have a small source of income. Therefore, it is
essential to understand how to invest or look for other means to boost your
income. There are several ways to make money in Malaysia.
However, in this post, we are going to focus the general or
an overview of how to make 100k as a foreigner living in this country. Continue
reading to learn everything about making 100k in Malaysia online and offline as a side income for foreigners.
Ways to Earn 100k per Month in Malaysia for Foreigner
1. High-Demand Job or Career
One of the most straightforward ways for a foreigner to earn
a substantial income in Malaysia is to secure a high-paying job or build a
successful career. Many industries in Malaysia, such as IT, finance,
healthcare, and engineering, offer competitive salaries.
To achieve a monthly income of 100,000 MYR, you may need to
acquire advanced qualifications and experience in your field, and potentially
specialize in areas with a higher demand for your expertise.
2. Entrepreneurship
Starting your own business or investing in an existing one
can be a lucrative path to earning a high income. Malaysia is known for its
entrepreneurial spirit, and there are various opportunities to explore.
Some popular sectors
for entrepreneurs include technology, e-commerce, real estate, and tourism. To
succeed, you'll need a solid business plan, adequate capital, and a deep
understanding of the Malaysian market.
3. Real Estate Investment
You can also make
100k per month in Malaysia as a foreigner through real estate investment.
Investing in Malaysian real estate can yield substantial returns, especially in
popular areas like Kuala Lumpur, Penang, and Johor Bahru. You can purchase
properties for rental income or capital appreciation. Additionally, Malaysia
offers the Malaysia My Second Home (MM2H) program, which provides long-term
visas for expatriates who invest in the country, further facilitating real
estate investment.
4. Stock Market and Investments
Malaysia has a well-developed stock market, the Bursa
Malaysia, which provides opportunities for both local and foreign investors.
Careful stock market investments, mutual funds, and other financial instruments
can generate passive income. It's essential to conduct thorough research and
seek advice from financial experts to make informed investment decisions.
5. Online Businesses
Another way to earn 100k per month in Malaysia as a foreigner is to start an online business. With the growth of e-commerce and the digital economy, starting an online business can be a viable option. You can sell products or services through platforms like Lazada, Shopee, or establish your own e-commerce website. Additionally, freelancing, consulting, or offering digital marketing services can be a way to tap into the online market.
6. Freelancing and Remote Work
Many companies
worldwide are open to hiring remote employees and freelancers, offering an
opportunity for foreigners in Malaysia to earn income from their home country.
In fields like graphic design, content writing, software development, and
digital marketing, remote work can provide competitive rates.
Read also: How to Earn USD in Malaysia
7. Education and Private Tutoring
Teaching or tutoring
can be a rewarding and well-compensated profession in Malaysia. International
schools and language centers often hire foreign teachers, and private tutoring
can generate additional income. English language proficiency is particularly
sought after in Malaysia.
8. Investments in Agriculture or Farming
Malaysia has a
growing agricultural sector, and investing in farming, aquaculture, or
agribusiness can provide substantial returns. The government supports
agriculture, and there are various incentives available for foreign investors
in this sector.
9. Networking and Building Relationships
Building strong relationships with local and international
business contacts can open doors to opportunities that might not be readily
available. Attend industry events, join professional networks, and engage in
community activities to expand your network.
10. Tax Planning
Consult with a
financial advisor or tax specialist to optimize your tax situation. Malaysia
offers various tax incentives for foreigners, and effective tax planning can
help you keep more of your income
Conclusion
We hope by going through this post, you have clearly understood how to make 100k per month in Malysia as a foreigner. There are other ways to achieve this, but those listed here are some of the best and effective ways.
Other similar contents
