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Penang, Malaysia 🇲🇾
#1859 ,

Nomad Score: 71%

Essentials

🏙️ City Penang is a state located on the northwest coast of Peninsular Malaysia, known for its rich cultural heritage and beautiful scenery.
👥 Population Approximately 1.5 million people.
💻 Internet Speed Average download speed of 25 Mbps.
💸 Currency & Banking 1 MYR ≈ 0.22 USD, major currencies are accepted in some places but keep local currency handy; ATMs are widely available.
🚰 Tap Water Not drinkable; it is advisable to buy bottled water.
🔌 Power 240V, 50Hz, Type G sockets.
📶 SIM Card Popular providers include Maxis, Digi, and Celcom.
💳 Banking for Expats Accepted payment types include local debit/credit cards, and international services like Revolut are widely used.
🛌 Accommodation Options range from luxury hotels to budget hostels and serviced apartments.
💳 Cashless Friendly Yes, cards are accepted in most establishments and e-wallet services like Touch 'n Go are popular.
🏠 Short Term Rentals Platforms like Airbnb and local rental companies such as Roomoo offer a range of options.
🛏️ Budget Accommodation Backhome Penang (hostel from RM 50 per night).
🏙️ Best Area to Stay for Tourists George Town, known for its historical sites and vibrant street art.
🏙️ Best Area to Stay for Digital Nomads Batu Ferringhi, popular for its beach views and co-working spaces.

Working and Networking

🏢 Best Coworking Space Common Ground Penang, located in George Town; memberships start from RM 300/month.
Best Cafe for Work Merry Me in Tanjung Tokong, featuring good coffee and strong WiFi.
💼 Networking Events Tech, design, and business meetups are frequently hosted at local cafes and co-working spaces.
🥂 Social Events for Expats The Penang Expat Network hosts regular meetups and social gatherings.

Transportation

🚕 Best Taxi/Ride App Grab; widely used for safe and affordable rides.
🚲 Bike/Scooter Rental Rental services are available through platforms like Rent A Bike Penang.
🏖️ Best Beach Nearby Batu Ferringhi Beach, easily accessible within 15 minutes drive from George Town.
✈️ Top Regional Airline Firefly Airlines; operates local flights connecting to Kuala Lumpur.
✈️ Top International Airline Malaysia Airlines and AirAsia offer connections to major cities worldwide.
🛣️ Highway Access Penang Bridge and Penang Second Bridge connect the state to mainland Malaysia.
🚉 Main Train/Transit Hub Butterworth Train Station serves as the primary transport hub for trains.
🚍 Public Transport Passes RapidPenang bus services operate with affordable fares, RM 5 for day passes.
✈️ Regional Travel Accessible via buses to nearby cities such as Ipoh and Kuala Lumpur.

Health and Wellness

🏥 Best Hospital Penang General Hospital - the largest hospital offering comprehensive services.
🧘 Yoga & Wellness Centers Yoga One and The Yoga Barn provide various classes and retreats.
🏋️ Gyms & Fitness Centers Fitness first and Anytime Fitness have multiple locations in Penang.
🧺 Laundry Services Lavender Laundry offers self-service and drop-off options across the city.

Food and Drink

📱 Best Food Delivery App Foodpanda; delivers a wide range of local and international cuisines.
🍽️ Best Local Dish to Try Char Kway Teow; a stir-fried rice noodle dish commonly found in local hawker centers.
🍱 Vegan/Vegetarian Options The Leaf Healthy House, offering an extensive vegetarian and vegan menu.
🍫 Best Dessert Spots China House; known for its impressive dessert selection.
🛒 Affordable Shopping Spots Gurney Drive Food Market is a popular spot for affordable local food.
🛒 E-commerce/Online Store Lazada and Shopee are popular for online shopping.
🛒 Grocery Delivery HappyFresh offers grocery deliveries across the region.
🍸 Bar/Nightlife Area Upper Penang Road; known for its vibrant nightlife scene.
🍻 Local Brewery Penang's craft breweries include The Beer Factory and Taps Beer Bar.
🍷 Wine Bars The Wine Shop offers a selection of local and international wines.
🍲 Street Food Stalls The hawker stalls at Jalan Penang offer a variety of affordable local delicacies.
🍕 Popular International Cuisine Jasmine Thai serves authentic Thai cuisine at reasonable prices.

Culture and Attractions

🎟️ Must-See Landmarks Penang Hill, Kek Lok Si Temple, and the historic streets of George Town.
🏛️ Museums & Art Venues Penang Peranakan Mansion and the Art Gallery of Penang.
🏰 Historical Sites Cheong Fatt Tze Mansion and Fort Cornwallis.
🕍 Religious Sites St. George's Church and the Kapitan Keling Mosque.
🎉 Annual Events George Town Festival celebrates arts and culture every August.
🎨 Cultural Districts George Town is a UNESCO World Heritage site with vibrant street art and historical architecture.
🎭 Theater Venues Penang Performing Arts Centre hosts a variety of performances throughout the year.
🛍️ Local Markets Little India offers vibrant markets and street shopping experiences.
🎼 Music Scene Live music can be found at places like The Alley and Soundmaker Café.
🎨 Street Art Street art in George Town, featuring works by renowned local and international artists.
🧑‍🍳 Cooking Classes Cooking classes offered by Cooking Class Penang, focusing on local cuisine.
👩‍🎨 Art Galleries Penang Gallery and Hin Bus Depot are popular choices.
🕰️ Historic Buildings The Blue Mansion (Cheong Fatt Tze Mansion) is an iconic example.
🏴 Local Heritage Penang's rich heritage is celebrated through its diverse communities and cultural festivals.

Nature and Outdoor Activities

🌅 Nearby Nature Escapes Penang National Park, offering beautiful hiking trails and wildlife.
🏞️ National Parks Nearby Penang National Park is accessible and offers numerous outdoor activities.
🚲 Cycling/Walking Paths The Coastal Road near Batu Ferringhi is popular for cycling and walks.
🌄 Scenic Viewpoints Lookout points at Penang Hill provide stunning views of the island.
🦉 Birdwatching Locations National Park and wetlands around Teluk Bahang are ideal for birdwatching.
🔥 Bonfire-Friendly Spots Designated areas in parks like Tanjung Bungah Beach.

Other Services and Amenities

📦 Parcel Delivery Service DHL and Pos Malaysia are reliable options.
🛠️ Tech Repair Services Mobile Phone Repair Shop in George Town offers quick services.
🏓 Table Tennis Spots Penang Sports Arena has facilities for table tennis enthusiasts.
🧑‍🏫 Language Classes Penang Language Centre offers Mandarin and English classes.
📚 Libraries & Study Spots The Penang State Library is a great place to read and study.
🏘️ Community Centers Malaysian Historical Society provides cultural programs and events.
🕹️ Gaming Lounges The Game Hub Penang hosts video gaming events and competitions.
🎰 Casino & Gaming Halls The only casino is located at resorts on Langkawi, a ferry ride away from Penang.

Business

🏢 Studio Purchase Price (City Center) Approx. RM 5,000 per m² (e.g., 50 m² = RM 250,000)
🏢 Studio Purchase Price (Outside City) Approx. RM 3,500 per m² (e.g., 50 m² = RM 175,000)
🏠 1-Bedroom Purchase Price (City Center) Approx. RM 6,000 per m² (e.g., 60 m² = RM 360,000)
🏠 1-Bedroom Purchase Price (Outside City) Approx. RM 4,500 per m² (e.g., 60 m² = RM 270,000)
🏡 2-Bedroom Purchase Price (City Center) Approx. RM 5,500 per m² (e.g., 80 m² = RM 440,000)
🏡 2-Bedroom Purchase Price (Outside City) Approx. RM 4,000 per m² (e.g., 80 m² = RM 320,000)
💼 Corporate Tax 24% standard corporate tax rate.
💵 Dividend Withholding Tax Tax rate applied to dividends is 10%.
🏦 Tax System Malaysia has a territorial tax system for income tax.
📈 Highest Income Tax Bracket The maximum personal income tax rate is 30%.
🧾 VAT Sales tax varies but typically around 6%.
🌐 Controlled Foreign Company (CFC) Rules No significant CFC rules apply.
🏠 Property Tax Annual taxes based on property value vary by local council.
🏠 Property Transaction Tax Stamp duty ranges from 1% to 4%, depending on the property's value.
💻 Attractive Tax System for Digital Nomads Malaysia is relatively favorable with no capital gains tax and specific incentives for foreigners.

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