15 Tax-Friendly Countries To Consider for Your Retirement

2. Malaysia

Insider Monkey Score: 24

Cost of Living: $787

Retirement Program: Malaysia My Second Home (MM2H) Program

Among our top two selection of tax-friendly countries to consider for your retirement is the Asian country of Malaysia. US retirees can move to the country under the Malaysia My Second Home Program and benefit from tax exemptions. These exemptions include the tax-free transfer of foreign pension and income into Malaysia, and fixed deposit bank interest income also being tax-free. With these financial benefits and the country’s low cost of living, Malaysia has the best value for money to retire in. With this, retirees can also revel in the country’s natural beauty and delicious cuisine.