MM2H, Malaysia My 2nd Home
The MM2H programme is a unique opportunity for non-Malaysians to reside in Malaysia on a long-term visa that is renewable and initially valid for ten years. It's particularly appealing to retirees and those with ambitions to live an expatriate lifestyle. Anyone drawn to Malaysia's blend of modern amenities and rich cultural heritage would enjoy living in this vibrant Asian country.
Quality Healthcare
One of the most significant lifestyle perks of the MM2H visa is the access it grants to Malaysia's healthcare system, which is known for its high standards
and affordability, a comination rarely found in today's world.
Furthermore, MM2H participants can purchase property in Malaysia, including freehold property, often at more favourable prices compared to other popular expatriate destinations. Incidentally, being able to buy freehold property as a foreigner is another unique feature of Malaysia, as very few country permit this.
Financially, the MM2H programme is advantageous as it does not impose taxes on pension or foreign-earned income, allowing participants to enjoy their savings and investments tax-free. This is a substantial benefit for those looking to maximise their financial resources while living abroad. And for those expats whose home country has signed a tax-agreement with Malaysia, an ever-growing number of countries, tax can be exempted even there. Essentially, this allows for a totally untaxed existence.
Currency Arbitrage
The currency advantage is another key financial benefit. The cost of living in Malaysia is relatively low when compared to most Western countries and the favourable exchange rate means that foreign income stretches further, allowing for a comfortable lifestyle without the need for a substantial base income.
Hence the growing popularity of MM2H globally; that's to say, even those with average incomes in their country of residence can afford an expat lifestyle in Malaysia. Provided of course that the source country has a strong currency, such as the Euro, USD, Pound etc.
Streamlined Process
In terms of the application process, the Malaysian government has streamlined the requirements, making it more straightforward for applicants. However, it's important to note that the programme underwent significant changes. Nevertheless, in the long-term, these changes haven't dented the appeal of MM2H.
Employment Options
The MM2H programme also offers the possibility to work part-time, which can be an attractive option for those not yet ready to fully retire. Additionally, under certain conditions, MM2H holders can bring along their dependents, including spouses, children under the age of 21 and parents over the age of 60, which makes it a family-friendly option.
Overall, the
MM2H programme provides a comprehensive package that caters to a variety of needs and preferences, making Malaysia an attractive destination for those seeking a second home, or for that matter, a first home. With its combination of lifestyle, financial and currency benefits, the Golden Visa continues to be a popular choice for expatriates and retirees from around the globe.