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Thread: My plan to retire in Malaysia soon

  1. #1951
    Junior
    Join Date
    Jun 2013
    Posts
    1,280

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    Quote Originally Posted by Arcachon View Post
    If Biz good why want to sell, if biz bad why want to buy. Move with care.
    It is not as good as it usedto be but still profitable.

    They showed me the gst receipts. About 11k for 3 mths to 19k rm for 3 mths. And gst is 6%. So biz revenue about 1 mil rm last yr and he says there is undeclared income too. Claims rm500k profit last yr.


  2. #1952

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    Quote Originally Posted by mummy View Post
    It is not as good as it usedto be but still profitable.

    They showed me the gst receipts. About 11k for 3 mths to 19k rm for 3 mths. And gst is 6%. So biz revenue about 1 mil rm last yr and he says there is undeclared income too. Claims rm500k profit last yr.
    Still got to move with care.


  3. #1953
    Junior
    Join Date
    Aug 2009
    Posts
    3,905

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    Congrats Mummy.. your dream comes true!
    Enjoy your life


  4. #1954
    Junior
    Join Date
    Jun 2013
    Posts
    1,280

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    Quote Originally Posted by Laguna View Post
    Congrats Mummy.. your dream comes true!
    Enjoy your life
    Thanks, hubby still needs some convincing though...


  5. #1955

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    Quote Originally Posted by mummy View Post
    It is not as good as it usedto be but still profitable.

    They showed me the gst receipts. About 11k for 3 mths to 19k rm for 3 mths. And gst is 6%. So biz revenue about 1 mil rm last yr and he says there is undeclared income too. Claims rm500k profit last yr.
    Good to find out more about running a business operation and licensing requirements there. Depending on area, crime rate may be an issue. You speak or write Malay? We realised soon enough that everything that matters is in Malay over there, from government rules, to conversing with vendors, and even getting a choked pipe cleared require some competency in Malay.

    If your kid is still young, good for him to stay in Sg to complete schooling first. You guys can move over when he enlists into the army. A few years from now, but will be a huge difference in terms of environment to the kid.


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