I love Malaysia but the fact they keep changing the MM2H rules every six months and different departments (tourism, immigration) can't seem to agree upon a program, and basically eliminated the entire visa option for retirees, is enough to keep me away. I'm 63 and that's too old to lock up my savings in a Malaysian bank with low interest rates and buy property I can't sell for 10 years, and then risk being kicked out sometime in the future when they change the rules again.
Malaysia has long been one of my favorite countries from afar, but the government’s constant need for changing the immigration laws will keep me away. I don’t trust governments that keep changing laws every six months.
They also banned MM2H visa holders from returning during Covid. Many MM2H holders seem to have thought that they had some sort of PR but they don't: its really just a long-term tourist visa.
I really want to retire to Malaysia with my wife, but we didn't want to purchase a home until we knew the region that we wanted to stay, and now they are forcing the issue. They don't even list a time frame to purchase the property. It also takes time to find, negotiate, fund, and close on a home. If there is a requirement, then are we not legally allowed to stay in country after the 90 days? They are changing things far too often and it's intimidating. There is so much room for error here. I can't tell you how much this saddens me, Malaysia looked perfect for us.
@@wfj5291 yup. So simple. Mm2h is to enrich the house developers with huge unsold stock. So what is the point if no one buy houses? Right? Just be normal tourists. Beside dont sell your house back home as how are you going home if you are not dead in 10 years? In 10 years yr malaysian home will appreciate and you make tidy fortune. But food price will increase..so locals suffer especially b40
That's one way to resolve the property overhang in Malaysia but I'm not sure how many people want to keep property for 10 years not knowing how the future real estate market will perform.
Ohh Asia is largely stable but if you want a get rich quick casino, well you got to be at the casino😊 That's typical West / Merika mentality by pumping up the property markets
It doesn't make any sense to have $300,000 invested in a country that is slowly turning against the West. Many Expats are now leaving Malaysia due to the political and religious changes happening in the country.
@@ssuwandi3240 Mm2h is to enrich the house developers, mostly greedy chinese, with huge unsold stock. But demand for rice, eggs etc will increase..so locals suffer especially b40
Last time when they steepened the condition of MM2H, the number of applicants decreased by 10 fold. Now they wanted to increase the applicants to previous level, but the conditions got even worse. Anybody can tell what the outcome will look like.
Sarawak recipients went from under 100 a year to nearly 1800 a year. They never suspended their program. Even taking applications and processing some during Covid -though the process did slow down.Unllke the MM2H it's run exclusively by the Sarawak state government, thus you'll need a Sarawakian agent or sponsor. It's a more easygoing life in Sarawak, with fewer ethnic tensions, and nature abounding. Loads of natural parks, wildlife, and diverse culture. English is widely spoken. Crime is low. Food choices diverse. Many modern hospitals and specialty clinics. Downsides: Processing of the visa may be 6 months to just over a year, and could get worse because of potential increased demand. Sarawak is an 1.5 hour air connection to Singapore and 1 .45 hrs to Kuala Lumpur where international connections are made. That may change with the establishment of the Indonesian capital in Nusantara in Southeast Borneo. 3] While Sarawak has a lot of festivals and local concerts and events (Rainforest World Music Festival, Siniawan Country Music festival, Waterfront and MIRI Jazz festivals) big name performers tend to bypass Sarawak for Singapore and KL.
only controversial if your intention is citizenship. But if you intend to retire and enjoy a different lifestyle for 10 years thats good enough. MM2H is not for poor people selling their homes to die in Malaysia. They mustbe rich enough have two homes and go back before they die or 10 years which ever is eaelier. Look at Dubai now homes to laundersrs and criminals.
In 2013 I got my first MM2H visa valid for 10 years. FD was 150 KM$ and a minimum income of 10 KM$ per month. After 10 years the renewal MM2H was down to 5 years, the other condition remain the same. I have stayed in Malaysia the all time and spent my income in Malaysia. Now if the new conditions on my next renewal, apply to me with my ''old'' MM2H visa, I will not be able to stay for sure.
@@allykhan8594 Malaysian Citizenship is reserved for hereditary Malaysians and to foreign- born who had contributed and being patriotic to the country. NOT anybody with money🫡🫡🫡
@@allykhan8594 Well I consider myself and my family as welcome guests, nothing else. Asking for citizenship is another matter. I understand perfectly well the Malaysian government not giving so easily citizenship to foreigners like it has been done in Europe, with the problems it created.
I am a Malaysian who lives in KL. If another city as safe, developed and inexpensive offered me what Malaysia is offering, I would seriously consider it if I wanted another base. The 90 plus days stay a year is the downside if you don't want Kuala Lumpur as base. Otherwise, I think the programs offered look great if you seriously want to relocate. I love KL. 🙂👍🏻
If you cannot spend 90 out of 365 days in a year, (25%) why are you applying to reside in a foreign country in the first place? It shows you are not commited to move out of your origin country..🤷🏻
@@DamienYuen7718 of course who would have blamed you. I despise the city lifestyle. Not worth the 5 years let alone 40. When I was a student in Europe the world was very different. Including the mobility. Not manic phobia😊
even worse, when your "home base" is malaysia, and you invent places such as johorrrrrrrrr. never heard of it. but at least colooooooombia is somewhat of an attempt to assimilate.
Love Malaysia and frequently go through it when I am holidays and doing business in South East Asia I was seriously thinking of making it a base but the MM2H program is unattractive and it keeps getting worse. Locking myself into something that keeps changing for the worse is not something I'm going to go out on a limb and pay for. Who knows what it will be like next. I can't even justify MM2H as a long term investment as there is no residency at the end of it anyway. The Malaysian option obliges me to go for 90 days each and every year - I don't see anything positive... It's now a big fat pass for me.
Buying a depreciating real asset while locking up your capital in Ringgit creates a twofold financial disadvantage. This scenario significantly inflates the actual cost of the visa beyond its apparent price tag.
the wise words of LKY spoken in this famous speech concerning bring fund into or investing into Malaysia, quote: “This is an economic field of co-operation in which, you must remember, we are putting investments on Malaysian soil,” Lee said. “And at the stroke of a pen they can take it over”
With SILVER you can own a Malaysia house for 10 or more years on the condition that you freeze 150k USD savings in Malay currency for 5 years. As a bonus, if you spend 25% of your time in Malaysia, you'll also maintain a residence permit for up to 5 years. After that you can continue visiting your property with a tourist visa. You are allowed to sell your Malaysia 2nd home only after 10 years, and are then not allowed to buy another one unless you enrol again in some new and possibly inflated variation of the program. - Not very attractive for a committed expat, as after 5 years you'll anyway be back on tourist visas. - Not very attractive from an investing point of view either. - And definitely not attractive for retirees, who want to settle for good, and usually want to use their savings for living as opposed to freezing their money in a MYR bank account, and having to submit applications to the government in order to use 50% of their hard-earned cash savings.
I think the SEZ option mainly relates to an attempt to bail out the enormous white elephant US$ 100 Billion Forest City development in Johore Baru. This is designed mainly for Chinese investors but where the Chinese developer, Country Garden, is enormously over-extended, is almost bankrupt and the take-up of what has been completed is meagre. From videos, it looks largely empty, bleak and uncared for and the few residents seem to want to leave, but can't find buyers. I might have considered the SEZ option ( not in JB though ) but the FD on top of the property requirement is too much of my capital tied up in assets in a depreciating currency and where the government seems to suddenly u-turn regularly on the terms of the MM2H visa. The comments of some Malaysian politicians that MM2H visa holders are likely to be foreign spies or debauched drunkards doesn't help either. I like Malaysia for the same reasons as you do Andrew, but this latest version of the much-changed and tinkered-with MM2H isn't attractive to me. I already have citizenship of a Caribbean nation and I think I will look closer to home where I can get PR without the opportunity cost, restrictions and uncertainty of Malaysia.
Right. . Mm2h is to enrich the house developers, (chinese) with huge unsold stock. But these will increase demand for rice, chicken, eggs etc. The locals suffer especially lower income. House prices is unnaturally high beyond young people affordability.
Madness when you know what’s coming down the track with regards to digitalIDs, jab passports, etc and the fact you can stay 90 days visa free. What am I missing??
Me and my family been working in the malaysian government job for 3 generation. When i read this policy... Let me tell you cumulative(meaning days in a year) more than or equal to 90 days is actually for each person and not combination of 2 or more person.. let see if my guess is correct...
THIS deserves a video... from your newsletter/Weekly Rundown regarding Caribbean CBI: QUOTE: "The government (St. Kitts & Nevis) said that the CIDD Unit (Continuing International Due Diligence Unit) will be headquartered in Europe and will be responsible for conducting continuing due diligence on economic citizens worldwide." “It will ensure that citizens holding passports issued by St Kitts and Nevis and residing and working internationally, abide by the laws of the countries in which they reside and visit, and that they respect the international laws as well." So much for these smaller countries not following you around... ok, they aren't specifically doing it....guess the globalist world government disguised as the EU will be dong it for them! Yikes!!
I have a lot of questions if anyone here can answer... 1: What is the timelime requirement for purchasing the property? Since you can withdraw half of your investment after 1 year and it can be used to purchase property, does that mean you have more than 1 year to buy the property? I cant wrap my head around buying property without living there first and seeing which neighborhood you want to live in. 2: If you withdrew half of your investment in the gold tier, then go to renew it again 15 years later. Do you need to top-up your bank deposit? 3: If you renew your visa when it expires, do you need to purchase more property again? 4: How does household help work in Malaysia? If i want to hire a permanent maid, driver, chef, and assistant, how would I go about doing that?
No-one can give you a reliable answer to your first three questions; as the requirements are continually being changed and there is no way to look more than 5 years ahead, to when you do your first renewal. The answer re the home staff - there are employment agencies who will sort that out for you. Note, if you are Muslim, the staff must be Muslim. If you are not, neither will they be.
Well you can buy a house in KL/Penang/JB and rent it out if you dont want to stay in KL and stay somewhere else if you want to. RM600k is about a 1000 square feet condo or a landed terace house.
I see there is some confusion about the 10 year period with regards to the purchased property. It says you will lose the MM2H validity if the property is disposed and not replaced or upgraded within 10 years. In another word, if you have decided to say good bye to the MM2H and do not need them anymore, you can just dispose your property at any time ! So please don't lose sleep about the 10 years thing, it is not as serious as you have thought.
No. Only the Platinum level allows employment or establishing a business or partnership. The official announcement states that if you want to work or establish a business you must apply for an employment or business visa.
As far as old retirees. The interestingly added a clause that after the death of the Principal the visa (and presumably the property and fixed Deposit) would be passed on to the named heir which can be the spouse or other dependent. Previously the visa terminated with the death of the principal leaving the widow/widower or children "naked". This was actually WRITTEN policy. This new policy is a vast improvement and more kind and humane. It provides the heir with time to deal with the estate, legal issues, and for the children to continue with their schooling. Of course, at renewal the heir/recipient may have to decide upon staying or leaving, selling the property and withdrawing the fixed Deposit.
It is unfortunate but understandable! Most of European countries have stopped or been winding down their golden visa programs; Singapore also raised its bar drastically.
Europe will stop House Immigration in 2025! Dubai has become playgorund of criminals with its migration programs. Money are laundered in Dubai housings.
I just think that the Malaysian policy makers, when it comes to the requirements to qualify for a MM2H status, don't realize how unattractive the current MM2H, there are so many other more lucrative places elsewhere in this world. When it comes to creating a conducive environment for MM2H, the Malaysian policy makers should engage with more professional consultancy, perhaps with the Nomad Capitalist.
But not die here. We are not international graves. Only controversial if your intention is citizenship. But if you intend to retire and enjoy a different lifestyle for 10 years thats good enough. MM2H is not for poor people selling their homes to die in Malaysia. They must be rich enough to have two homes and go back before they die or 10 years which ever is earlier. Look at Dubai now homes to laundersrs and criminals.
Does anyone have further information on the minimum property purchase price for each local jurisdiction please? It seems likely you could purchase a very cheap property, and rent something far nicer in KL for example.
Yeah I heard about this change in the newspaper - the fourth scheme change since the pandemic. Quite disappointing if I am being honest, especially with the property purchase option.
The Special Economic Zone option in Johor Bahru looks attractive, not only for the low financial requirement, but for the fact that it's on the Singapore border. With cost of living in S'Pore being what it is, some locals are relocating across the water to JB for its lower cost of living. If you own a property in JB then decide to sell after a decade, to me selling shouldn't be too difficult or time consuming due to demand from adjacent S'Pore residents.
Haha so funny. You mentioned the smells in the metro reminds me of my holiday long ago in NYC. Thanks for promoting my hometown Kuala Lumpur & my beloved country Malaysia 🇲🇾 A hidden gem in South East Asia. If not many ppl coming to live here, it's ok. We're so blessed to live in Malaysia.
With regards to the Egyptian CBI program . there is currently a civil war in neighbouring Sudan. To many Sudanese I bet that Egyptian passport looks pretty good right now
I guess the ability to take 50% of the FD out (after a year) to buy property is to upgrade the first property you bought in order to get the original MM2H or buy a second property?
Yes, property in Malaysia is not a good investment, it is however a good place to live if you have no expectation of making a profit when measured in foreign currency. That said, there is a Capital Gains Tax on the nominal value in MYR....I understand that after six years ownership, it is 5% of the 'profit' , although in your home currency, you may be breaking even. Or less.
the only thing that I don't like in this new program of mm2h is you can't the sell the property for 10 years, but if they will reduce it to 5 years then it would be fine. another thing is 90 days is already too long for me, I hope they will remove the minimum stay requirements.
Love Malaysia and would totally live in KL. Maybe I'm missing something but the other options for staying in Malaysia aren't so bad compared the M2MH program. For example, maybe you get a digital nomad visa, apparently it only lasts 2 years, for another 3 you just go on a holiday every 3 months to Thailand for a couple of weeks. Cost is a few hundred bucks. In five years you're in the same place as a guy who got the silver program but had to commit a heap of cash to the program. It doesn't seem to add up to me. not complaining about it, just wondering what the main benefit is, and does that justify the size of the investment. The other thing is for a 5 year permission to stay, you have to keep invested in real estate for 10? that kinda doesn't make sense that you need to stay invested for 5 years beyond the period you stay. Personally I think they'd do well by simplifying it a bit. Invest x in real estate, you can stay, if you sell you can't stay no more.
No way I’m gonna put my money in a bank ever too risky Only if it’s full reserve bank not fractional reserve bank I’ll probably stay in Bulgaria it’s nice here or maybe just visit Asia on a tourist visa winter time El Salvador if I need to look for another home
The enormous difference between general qualification and the SEZ qualification has turned this into an interesting property play. Who will jump first. If I was wanting to live in Penang I'd buy a cheap SEZ unit, rent in Penang and if I could rent out the SEZ unit. Would I win... who knows but it's the lowest risk
Tiries, stop trolling. You don't understand the Sarawak MM2H. The S-MM2H NEVER offered the recipient a pathway to PR or citizenship. It allows those on it the right to enter and travel through Malaysia -and Sarawak- for the period of the visa (10 years with opportunity to renew). One can also, IF ONE WISHES, purchase residential properties in Sarawak. But it doesn't offer a PR or Citizenship...both are hard to get, even for those from West Malaysia. Maybe that's why you are so upset?
@@gerrelldrawhorn8975 Great response, and accurate. Foreigners might also not know that a West Malaysian (aka peninsular Malaysia) must apply for a work visa to legally work in Sarawak, just as if they were a foreigner. I have an S-MM2H, have never regretted it, and have never been under the illusion that it would lead to PR or citizenship. Sarawak boleh!
Cheapest is S-MM2H, Over 50s put Myr 150k per person in Bank, just stay 2 weeks in Sarawak, after that stay🎉 anywhere in Malaysia. Smarter not Harder 😊
@@alex-lu8mi sarawak are not smart. The premier is only O level..He thinks foreigners want to stay in sarawak looking at jungles after they got pr. Hehe..
It's actually now a one month/year stay or visit requirement...up from two weeks. But compared to the three month minimum imposed by these Tiered MM2H programs it is minimal. It can be done in "bites" and either the principal or spouse can contribute "days" to fulfill the requirement. I think the check at the 5 year midpoint of the visa period. Sarawak has an immigration process where the check for visas, and stamp or electronically input comings and goings. So they would be able to retrieve info about how long you have stayed per year.
The Premier of Sarawak "not smart" ??? The Sarawak Mm2H program has got from about 100 recipients/year in the 2019's to more than 2000 issued visas last year. MM2H LOST 2000 visa holders last year! And the number of new visas issued dropped from 5000/year pre-Covid to an average of about 25/year when the established their "High Earning Investor" version of MM2H. Over a 90% drop in new applications WHEN they were even accepting them. Sarawak never had a suspension of their program, even during Covid shutdowns. If you were in Sarawak or could get there they'd accept your application. So saying that Sarawakians and their Premier are stupid? Hat is more a reflection of YOUR ignorance.
Can 1/2 of the FD be used for buying the required residential property? So, first pay FD, then get MM2H and _then_ take 1/2 FD to use for buying property?
What if I already own a property in Malaysia? Would my current property (purchased 12 years ago, before applying for new MM2H and valued above threshold) satisfy the condition of obligatory purchasing? Thanks for your advice
Our economy is struggling with uncertainties, housing issues, foreclosures, global fluctuations, and the pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
There are two things I don't like with the platinium program. 1. USD deposit. I wish you could at least invest in a diversified portfolio. I guess we can take and spend the interest. 2. The total fees is RM 200k + 70k agent fee. That's a lot for stamp. I am a big fan of Malaysia but I am having second thoughts about their MM2H.
Andrew , thanks for the MM2H update as accurate as possible from your reliable source. Would you know how to go about for some people like us being the 2nd round of MM2h which would be due in few years. The next renewals would have to Apply again as per new rules ?
From the Nomad Capitalist eMail that I just received: "Applicants must reside in Malaysia for at least 60 days per year." So is the residence requirement 60 or 90 days ?
I have one rule in life. I don't go where I'm not wanted. This one of big reasons I moved out of the UK and back to Central/Eastern Europe. Malaysia made it clear they don't want too much immigration (even relatively wealthy). It is their right and if I was Malaysian with a country like China on my doorstep perhaps I'd be happy my country goes in that direction. But as I'm not Malaysian, looking for some nice place to take my money in exchange for a backup place to live Malaysia is crossed off my list for now.
I read somewhere that you're excluded from being able to do business or invest in Malaysia on all but the Platinum. That seems strange but I could imagine it would be a deal breaker some.
Gold sounds good, but 90 days. I was there 60 days last year over 2 trips. This year, for 30 days so far. May go back again. But 90 days may be difficult. It may be OK if you own a home there or are older?
Does anyone know if for the SEZ option, does one need to necessarily purchase the property in Johor Iskandar? And does it need to be a new property from a developer only?
Did anyone hear about 50plus program for MM2H? Do they follow the 3 categories Silver /Gold/Platinum if they don’t want to live in the SEZ? Are the requirements the same? Or…
I saw a video from a Jewish man that was just exploring Malaysia. He mentioned he was Jewish a couple times and it seemed to cause all sorts of problems. Are there an issue for people who are Jewish in Malaysia? Do you know?
Malaysia is extremely conservative, Muslim and pro-Palestinian. If you are a Jew but not a Zionist, you will be welcomed, but if you are a zionist, don't bother...
Hi Andrew. A question about the requirement to buy property: are you able to buy land and build a home to your own specification, assuming it meets the overall spend requirement?
Malaysia is a fantastic place to go for beach vacations and to binge on shopping and food. Unfortunately their "prata" politics and policies are a nightmare for any serious investor. If you enjoy the excitement and unpredictability of prata flips then by all means, proceed! 🥞
My plan B future getaway is #1 thailand, #2 malaysia, #3 japan, #4 indonesia, #5 philippines. Need to get away from the western destruction so #3 and #5 may be a risk and I recognize that. Things are changing so rapidly this list is subject to change
I think you can´t plant roots too firm in each country if you really wanna avoid the tyranny. Have enough money to accept possible loses if you need to cut ties quickly.
Taxes in Japan are insane. Maybe okay if you can secure a residency here and you are a middle-class professional. I've lived in Japan for more than a decade and planning to leave soon to reduce my taxes.
Malaysia has a track record of flip-flop policies, so for expat do prepare for back ups. PR is almost impossible unless you're a Muslim. Overall the govt pretty much leave you alone, they are too busy with their own politics and corruption. I'd recommend buying condos in KL >RM 3mil so that you get a cleaner community, and your neighbours don't leave scratches on the walls of the lifts etc. Landed homes >RM 2mil gives you decent neighbourhood esp. if near starbucks and foreign banks. Condos have security whereas freehold homes you have to arrange for your own security guards. Home breakins are pretty common. Obviously outside of Selangor can be cheaper
If you can afford then it is no problem. Properties in Malaysia still cheaper than most well developed countries. You can even rent it out to get some income.
Wait they want u to place the deposits in local currency or foreign currency will do ? That’s a huge difference. If you put it in RM you are looking to loose 10-20% of said amount at best. The Malaysia economy will not improve this is not a country where you want to put anything in local currency.
@@micomarinas2753 I don't understand. If you travel frequently and cannot make a cumulative total of 90 days annually, why take the MM2H? I would have thought the wiser choice is to obtain a 90-day visa eveytime you enter Malaysia. But do correct me if I misunderstand you.
I'm really confused. What happens after 10 years? They kick you out? What if you set up a business there? Contributed to the economy? Provided employment? You'll just have to close shop and leave? I want to move to Malaysia to live, not as a 90 day tourist. I want my daughter to do her undergrad there. I want to set up a business there. I want to buy a house. Is none of that possible? They'll force me to sell the house I love and go elsewhere? Or does the visa renew automatically for another 10 years if you still have that amount in the bank and still own the house? Also, I have heard they jack up the house prices for foreigners, eg a $100,000 house for a local will be $200,000 house for a foreigner. So come 10 years when they force you to sell up and leave, you'll incur a loss even if the house price has gone up, because the local will buy it for $180,000, leaving you $20,000 out of pocket. Is this true???
Buy property in Johor Bahru, Penang or Kuala Lumpur. Rent it out to worker or company. You will get fixed income every month. Especially in Johor Bahru, there are many Singaporean or Malaysian that working in Singapore living there. They can easily afford to rent your property
"The downside is the Metro doesn't smell like a urinal, if you can deal with that". I didn't quite get what you said at the very end there. Can you paraphrase?
Andrew, I owned a condo, sold it in 2013 at the exchange rate of 3 RM per USD. Now it is 4.7 RM so a 57% depreciation in 11 years just form the exchange rate which more than offset the gain in property price.. You stated RM 1 million, try 1.5 million RM for a comfortable condo. What you did not talk about is the property applicant must purchase has to be from developer not from any seller or real estate agent.
And that is important when it comes time to sell the property - because you can't sell to another incoming expat, he must buy from a developer too - leaving you to sell to a small pool of local buyers who know your options are limited.
If you are a multi-millionaire that could work for you, but why would such a person want to be forced to stay 90 days in a country or even pick a country with so much pollution, that risks your health? If you only have $500k to $1.5M it's much to risky to spend so much money on a country that doesn't have 100% stability. Silver is a joke with 5 years of visa and investment locked for 10 years.
Kuching Sarawak is the best place for MM2H. One of the three high income nation independent from federal government where Islam is not the majority. One of the richest in Malaysia.
but also one of the most expensive state to live in. Costs and prices are even higher than KL and Selangor if you can believe it, while having none of the economic activities and vibrance of those two states.
@@kenhew4641 you are mistaken Sarawak for Sabah. Sarawak on the other hand, has an amazing economic performance, catching-up and position herself as the fourth richest state in Malaysia after Wilayah Persekutuan, Selangor and Penang. One of the 4 high income states in Malaysia.
![F.HERO Ft. JSPKK x ลำไย ไหทองคำ x M-PEE - ไม่สนิทบิดหมด (Thai Riders Anthem) [Official MV]](http://i.ytimg.com/vi/kPJZ0UihBfk/mqdefault.jpg)
I love Malaysia but the fact they keep changing the MM2H rules every six months and different departments (tourism, immigration) can't seem to agree upon a program, and basically eliminated the entire visa option for retirees, is enough to keep me away. I'm 63 and that's too old to lock up my savings in a Malaysian bank with low interest rates and buy property I can't sell for 10 years, and then risk being kicked out sometime in the future when they change the rules again.
you can try Sabah or Sarawak.. both are beautiful and even less cost of living
Exactly.
It would be nice to get a clear program.
great points.. I too enjoy Malaysia, however the property purchase is a deal-breaker for me.
@@nomadcapitalistas a Malaysian myself I too am amazed by how indecisive the gov is till to date 😂
Malaysia has long been one of my favorite countries from afar, but the government’s constant need for changing the immigration laws will keep me away. I don’t trust governments that keep changing laws every six months.
good u hav a brain!
Indecisive Govt depts didn't really inspire confidence.
They also banned MM2H visa holders from returning during Covid. Many MM2H holders seem to have thought that they had some sort of PR but they don't: its really just a long-term tourist visa.
Spot on.
Hopefully anwar ibrahim and the current govt stays in power and win the next election so that the indeciveness is removed
I really want to retire to Malaysia with my wife, but we didn't want to purchase a home until we knew the region that we wanted to stay, and now they are forcing the issue. They don't even list a time frame to purchase the property. It also takes time to find, negotiate, fund, and close on a home. If there is a requirement, then are we not legally allowed to stay in country after the 90 days?
They are changing things far too often and it's intimidating. There is so much room for error here. I can't tell you how much this saddens me, Malaysia looked perfect for us.
This is the result of 4 prime ministers in 3 years. The Americans successfuly regime change Malaysia
Possibly you can 'test the water' for 90 days first
@@namazlur78 If America can influence regime changes in Malaysia, would you rather be in Malaysia or America?
Mm2h in Sarawak
@@wfj5291 yup. So simple. Mm2h is to enrich the house developers with huge unsold stock. So what is the point if no one buy houses? Right? Just be normal tourists. Beside dont sell your house back home as how are you going home if you are not dead in 10 years? In 10 years yr malaysian home will appreciate and you make tidy fortune. But food price will increase..so locals suffer especially b40
That's one way to resolve the property overhang in Malaysia but I'm not sure how many people want to keep property for 10 years not knowing how the future real estate market will perform.
real estate is an asset, if you dont need the money just buy and keep it or rent it, the same to gold
Ohh Asia is largely stable but if you want a get rich quick casino, well you got to be at the casino😊 That's typical West / Merika mentality by pumping up the property markets
It doesn't make any sense to have $300,000 invested in a country that is slowly turning against the West. Many Expats are now leaving Malaysia due to the political and religious changes happening in the country.
exactly ... I would rather invest in gold than investing in that malaysian real estate ...10 years is such a long run
@@ssuwandi3240 Mm2h is to enrich the house developers, mostly greedy chinese, with huge unsold stock. But demand for rice, eggs etc will increase..so locals suffer especially b40
Last time when they steepened the condition of MM2H, the number of applicants decreased by 10 fold. Now they wanted to increase the applicants to previous level, but the conditions got even worse. Anybody can tell what the outcome will look like.
Malaysia is NO COUNTRY FOR OLD MEN!
Sarawak recipients went from under 100 a year to nearly 1800 a year. They never suspended their program. Even taking applications and processing some during Covid -though the process did slow down.Unllke the MM2H it's run exclusively by the Sarawak state government, thus you'll need a Sarawakian agent or sponsor. It's a more easygoing life in Sarawak, with fewer ethnic tensions, and nature abounding. Loads of natural parks, wildlife, and diverse culture. English is widely spoken. Crime is low. Food choices diverse. Many modern hospitals and specialty clinics.
Downsides: Processing of the visa may be 6 months to just over a year, and could get worse because of potential increased demand.
Sarawak is an 1.5 hour air connection to Singapore and 1 .45 hrs to Kuala Lumpur where international connections are made. That may change with the establishment of the Indonesian capital in Nusantara in Southeast Borneo.
3] While Sarawak has a lot of festivals and local concerts and events (Rainforest World Music Festival, Siniawan Country Music festival, Waterfront and MIRI Jazz festivals) big name performers tend to bypass Sarawak for Singapore and KL.
only controversial if your intention is citizenship. But if you intend to retire and enjoy a different lifestyle for 10 years thats good enough. MM2H is not for poor people selling their homes to die in Malaysia. They mustbe rich enough have two homes and go back before they die or 10 years which ever is eaelier. Look at Dubai now homes to laundersrs and criminals.
In 2013 I got my first MM2H visa valid for 10 years. FD was 150 KM$ and a minimum income of 10 KM$ per month. After 10 years the renewal MM2H was down to 5 years, the other condition remain the same. I have stayed in Malaysia the all time and spent my income in Malaysia.
Now if the new conditions on my next renewal, apply to me with my ''old'' MM2H visa, I will not be able to stay for sure.
Sorry to hear this, the countries who do not give citizenship just want your money and limited benefit to you.
We renewed on the old terms.
@@allykhan8594 Malaysian Citizenship is reserved for hereditary Malaysians and to foreign- born who had contributed and being patriotic to the country. NOT anybody with money🫡🫡🫡
@@allykhan8594 Well I consider myself and my family as welcome guests, nothing else. Asking for citizenship is another matter. I understand perfectly well the Malaysian government not giving so easily citizenship to foreigners like it has been done in Europe, with the problems it created.
@@LeSudiste-m2q The best option i see is not to go there and give them monry in the 1st place. I have visited as a tourist.
I am a Malaysian who lives in KL. If another city as safe, developed and inexpensive offered me what Malaysia is offering, I would seriously consider it if I wanted another base. The 90 plus days stay a year is the downside if you don't want Kuala Lumpur as base. Otherwise, I think the programs offered look great if you seriously want to relocate. I love KL. 🙂👍🏻
It dont look great to china man looking for citizenships
If you cannot spend 90 out of 365 days in a year, (25%) why are you applying to reside in a foreign country in the first place? It shows you are not commited to move out of your origin country..🤷🏻
This nomadic lifestyle is depressing. Erratic human mobility
@JohnHarthomstowCEO gov must look after citizens first. If it suits some foreigners thats fine.
@@ssuwandi3240 I enjoy the life. It's better for me then what I was doing in Los Angeles for 40 years. But to each their own.
@@DamienYuen7718 of course who would have blamed you. I despise the city lifestyle. Not worth the 5 years let alone 40. When I was a student in Europe the world was very different. Including the mobility. Not manic phobia😊
even worse, when your "home base" is malaysia, and you invent places such as johorrrrrrrrr. never heard of it. but at least colooooooombia is somewhat of an attempt to assimilate.
Thank you for the info. Malaysia is one if the best option for people escaping south korea.
Love Malaysia and frequently go through it when I am holidays and doing business in South East Asia I was seriously thinking of making it a base but the MM2H program is unattractive and it keeps getting worse. Locking myself into something that keeps changing for the worse is not something I'm going to go out on a limb and pay for. Who knows what it will be like next. I can't even justify MM2H as a long term investment as there is no residency at the end of it anyway. The Malaysian option obliges me to go for 90 days each and every year - I don't see anything positive... It's now a big fat pass for me.
I love Malaysia!!! 🇲🇾🇲🇾🇲🇾🇲🇾🫶🏻
Man wake up
Philippines ....no foreign source income tax.
And if you married to a Phillipines...cost less then $1 a year ..and no big money needed
Are Malaysian banks safe?? LOL. Are US banks safe? That's the question.
No banks are safe anywhere in the world now that CBDC is coming worldwide.
Yeah, Malaysia used to have 32 local banks, but the government directive reduces it to only 5 local "bigger" banks.
Buying a depreciating real asset while locking up your capital in Ringgit creates a twofold financial disadvantage. This scenario significantly inflates the actual cost of the visa beyond its apparent price tag.
the wise words of LKY spoken in this famous speech concerning bring fund into or investing into Malaysia, quote: “This is an economic field of co-operation in which, you must remember, we are putting investments on Malaysian soil,” Lee said. “And at the stroke of a pen they can take it over”
lee's dead
Yeah Mahathir is not dead but properties and businesses of investors have been seized many times, whenever he gets moody.
"Go where you're treated best"?...well, that ain't Malaysia anymore.
Ok..best wishes
This new thing about requiring MM2H applicants to buy a properly is borderline crazy.
The worst part is that you need to keep it a minimum of 10 years. Ridiculous.
With SILVER you can own a Malaysia house for 10 or more years on the condition that you freeze 150k USD savings in Malay currency for 5 years. As a bonus, if you spend 25% of your time in Malaysia, you'll also maintain a residence permit for up to 5 years. After that you can continue visiting your property with a tourist visa. You are allowed to sell your Malaysia 2nd home only after 10 years, and are then not allowed to buy another one unless you enrol again in some new and possibly inflated variation of the program.
- Not very attractive for a committed expat, as after 5 years you'll anyway be back on tourist visas.
- Not very attractive from an investing point of view either.
- And definitely not attractive for retirees, who want to settle for good, and usually want to use their savings for living as opposed to freezing their money in a MYR bank account, and having to submit applications to the government in order to use 50% of their hard-earned cash savings.
Its a crap program. Malaysia is över with
Also ....look at the current or going exchange rate against the USD... you'll lose out on your investment due to the decline of MYR..
I think the SEZ option mainly relates to an attempt to bail out the enormous white elephant US$ 100 Billion Forest City development in Johore Baru. This is designed mainly for Chinese investors but where the Chinese developer, Country Garden, is enormously over-extended, is almost bankrupt and the take-up of what has been completed is meagre. From videos, it looks largely empty, bleak and uncared for and the few residents seem to want to leave, but can't find buyers.
I might have considered the SEZ option ( not in JB though ) but the FD on top of the property requirement is too much of my capital tied up in assets in a depreciating currency and where the government seems to suddenly u-turn regularly on the terms of the MM2H visa. The comments of some Malaysian politicians that MM2H visa holders are likely to be foreign spies or debauched drunkards doesn't help either.
I like Malaysia for the same reasons as you do Andrew, but this latest version of the much-changed and tinkered-with MM2H isn't attractive to me. I already have citizenship of a Caribbean nation and I think I will look closer to home where I can get PR without the opportunity cost, restrictions and uncertainty of Malaysia.
Right. . Mm2h is to enrich the house developers, (chinese) with huge unsold stock. But these will increase demand for rice, chicken, eggs etc. The locals suffer especially lower income. House prices is unnaturally high beyond young people affordability.
Madness when you know what’s coming down the track with regards to digitalIDs, jab passports, etc and the fact you can stay 90 days visa free. What am I missing??
Have a look at Sarawak. They have different requirements.
Me and my family been working in the malaysian government job for 3 generation. When i read this policy... Let me tell you cumulative(meaning days in a year) more than or equal to 90 days is actually for each person and not combination of 2 or more person.. let see if my guess is correct...
Correct!
You are right.
THIS deserves a video... from your newsletter/Weekly Rundown regarding Caribbean CBI: QUOTE: "The government (St. Kitts & Nevis) said that the CIDD Unit (Continuing International Due Diligence Unit) will be headquartered in Europe and will be responsible for conducting continuing due diligence on economic citizens worldwide." “It will ensure that citizens holding passports issued by St Kitts and Nevis and residing and working internationally, abide by the laws of the countries in which they reside and visit, and that they respect the international laws as well." So much for these smaller countries not following you around... ok, they aren't specifically doing it....guess the globalist world government disguised as the EU will be dong it for them! Yikes!!
I have a lot of questions if anyone here can answer...
1: What is the timelime requirement for purchasing the property?
Since you can withdraw half of your investment after 1 year and it can be used to purchase property, does that mean you have more than 1 year to buy the property? I cant wrap my head around buying property without living there first and seeing which neighborhood you want to live in.
2: If you withdrew half of your investment in the gold tier, then go to renew it again 15 years later. Do you need to top-up your bank deposit?
3: If you renew your visa when it expires, do you need to purchase more property again?
4: How does household help work in Malaysia? If i want to hire a permanent maid, driver, chef, and assistant, how would I go about doing that?
No-one can give you a reliable answer to your first three questions; as the requirements are continually being changed and there is no way to look more than 5 years ahead, to when you do your first renewal.
The answer re the home staff - there are employment agencies who will sort that out for you. Note, if you are Muslim, the staff must be Muslim. If you are not, neither will they be.
The Silver option gives you a 5 year visa but you can't sell your house for 10 years... what do you do with it during that time? Rent it out?
You can renew the visa for another 5 years for RM1500
Well you can buy a house in KL/Penang/JB and rent it out if you dont want to stay in KL and stay somewhere else if you want to. RM600k is about a 1000 square feet condo or a landed terace house.
I see there is some confusion about the 10 year period with regards to the purchased property. It says you will lose the MM2H validity if the property is disposed and not replaced or upgraded within 10 years. In another word, if you have decided to say good bye to the MM2H and do not need them anymore, you can just dispose your property at any time ! So please don't lose sleep about the 10 years thing, it is not as serious as you have thought.
What happen if the old retirees die witthin 10 years? The children must be deported as they have no incomee.
Can you help answer a question please. Can you open a business on the silver visa option?
No. Only the Platinum level allows employment or establishing a business or partnership. The official announcement states that if you want to work or establish a business you must apply for an employment or business visa.
As far as old retirees. The interestingly added a clause that after the death of the Principal the visa (and presumably the property and fixed Deposit) would be passed on to the named heir which can be the spouse or other dependent.
Previously the visa terminated with the death of the principal leaving the widow/widower or children "naked". This was actually WRITTEN policy. This new policy is a vast improvement and more kind and humane. It provides the heir with time to deal with the estate, legal issues, and for the children to continue with their schooling.
Of course, at renewal the heir/recipient may have to decide upon staying or leaving, selling the property and withdrawing the fixed Deposit.
Encouraging potential buyers of your services.
New Zealand is a very nice place
This is something to keep in mind. Thank you
It is unfortunate but understandable! Most of European countries have stopped or been winding down their golden visa programs; Singapore also raised its bar drastically.
Europe will stop House Immigration in 2025! Dubai has become playgorund of criminals with its migration programs. Money are laundered in Dubai housings.
Thank you for the latest update on the MM2H. Excellent content for those who are seriously interested to live, retire in Malaysia.
I just think that the Malaysian policy makers, when it comes to the requirements to qualify for a MM2H status, don't realize how unattractive the current MM2H, there are so many other more lucrative places elsewhere in this world. When it comes to creating a conducive environment for MM2H, the Malaysian policy makers should engage with more professional consultancy, perhaps with the Nomad Capitalist.
@@Yasin_Affandi but not die. We are not international cemetary.
But not die here. We are not international graves. Only controversial if your intention is citizenship. But if you intend to retire and enjoy a different lifestyle for 10 years thats good enough. MM2H is not for poor people selling their homes to die in Malaysia. They must be rich enough to have two homes and go back before they die or 10 years which ever is earlier. Look at Dubai now homes to laundersrs and criminals.
Does anyone have further information on the minimum property purchase price for each local jurisdiction please? It seems likely you could purchase a very cheap property, and rent something far nicer in KL for example.
In my understanding, MM2H override all the minimimum property price in all states. The lowest tier minimum property prices is RM600,000
@@humanity2914 thank you!
Please do a video on Malaysian politics in contrast to the west. So please comment on the latest president conference.
it's forever changing!
We had 4 PM in 5 years.
Far from desiable. If you stayed in MY, better stay away from politics.
@@MrMilanoLau this interesting. Do you feel corruption?
@@MrMilanoLau messy. PH , PN plus sabah and sarawak
Yeah I heard about this change in the newspaper - the fourth scheme change since the pandemic.
Quite disappointing if I am being honest, especially with the property purchase option.
Only benefit to corrupt chinese developers..More bad then good.
The Special Economic Zone option in Johor Bahru looks attractive, not only for the low financial requirement, but for the fact that it's on the Singapore border. With cost of living in S'Pore being what it is, some locals are relocating across the water to JB for its lower cost of living. If you own a property in JB then decide to sell after a decade, to me selling shouldn't be too difficult or time consuming due to demand from adjacent S'Pore residents.
except there's a massive oversupply of condos and failed development projects. no different than china's ghost cities. see: forest city.
Haha so funny. You mentioned the smells in the metro reminds me of my holiday long ago in NYC. Thanks for promoting my hometown Kuala Lumpur & my beloved country Malaysia 🇲🇾
A hidden gem in South East Asia. If not many ppl coming to live here, it's ok.
We're so blessed to live in Malaysia.
Yep. Malaysia truly Asia
I pause and repeat twice to make sure that what he referring to was KL or NY Metro ?
More likely New York Metro I suppose, the MRT and LRT stations in KL / Selangor are always clean without smells.
All this spending to get a visa?
Great video Andrew!
With regards to the Egyptian CBI program . there is currently a civil war in neighbouring Sudan. To many Sudanese I bet that Egyptian passport looks pretty good right now
I guess the ability to take 50% of the FD out (after a year) to buy property is to upgrade the first property you bought in order to get the original MM2H or buy a second property?
Finally MM2H Final Version Come Out 🎉Nice Explanation
property investment has no profit in it. the depreciation of the Ringgit over a decade writes off whatever profit there is.
Yes, property in Malaysia is not a good investment, it is however a good place to live if you have no expectation of making a profit when measured in foreign currency.
That said, there is a Capital Gains Tax on the nominal value in MYR....I understand that after six years ownership, it is 5% of the 'profit' , although in your home currency, you may be breaking even. Or less.
Thank you sir for you timely, thorough and succinct presentaitons!
the only thing that I don't like in this new program of mm2h is you can't the sell the property for 10 years, but if they will reduce it to 5 years then it would be fine. another thing is 90 days is already too long for me, I hope they will remove the minimum stay requirements.
Love Malaysia and would totally live in KL. Maybe I'm missing something but the other options for staying in Malaysia aren't so bad compared the M2MH program. For example, maybe you get a digital nomad visa, apparently it only lasts 2 years, for another 3 you just go on a holiday every 3 months to Thailand for a couple of weeks. Cost is a few hundred bucks. In five years you're in the same place as a guy who got the silver program but had to commit a heap of cash to the program. It doesn't seem to add up to me. not complaining about it, just wondering what the main benefit is, and does that justify the size of the investment. The other thing is for a 5 year permission to stay, you have to keep invested in real estate for 10? that kinda doesn't make sense that you need to stay invested for 5 years beyond the period you stay.
Personally I think they'd do well by simplifying it a bit. Invest x in real estate, you can stay, if you sell you can't stay no more.
Nomads are young professionals. Mm2h help chinese developers buy unsold houses.
No way I’m gonna put my money in a bank ever too risky
Only if it’s full reserve bank not fractional reserve bank
I’ll probably stay in Bulgaria it’s nice here or maybe just visit Asia on a tourist visa winter time
El Salvador if I need to look for another home
The enormous difference between general qualification and the SEZ qualification has turned this into an interesting property play. Who will jump first. If I was wanting to live in Penang I'd buy a cheap SEZ unit, rent in Penang and if I could rent out the SEZ unit. Would I win... who knows but it's the lowest risk
Its suppose to be a simple honest scheme for rich old people to retire.
Think I’ll be looking at Sarawak too.
Good riddance. Sarawak pr not recognised by Malay Federation
Tiries, stop trolling. You don't understand the Sarawak MM2H. The S-MM2H NEVER offered the recipient a pathway to PR or citizenship. It allows those on it the right to enter and travel through Malaysia -and Sarawak- for the period of the visa (10 years with opportunity to renew). One can also, IF ONE WISHES, purchase residential properties in Sarawak.
But it doesn't offer a PR or Citizenship...both are hard to get, even for those from West Malaysia. Maybe that's why you are so upset?
@@gerrelldrawhorn8975 Great response, and accurate. Foreigners might also not know that a West Malaysian (aka peninsular Malaysia) must apply for a work visa to legally work in Sarawak, just as if they were a foreigner.
I have an S-MM2H, have never regretted it, and have never been under the illusion that it would lead to PR or citizenship. Sarawak boleh!
Cheapest is S-MM2H, Over 50s put Myr 150k per person in Bank, just stay 2 weeks in Sarawak, after that stay🎉 anywhere in Malaysia. Smarter not Harder 😊
Dont they check? Plus u have to buy a house in sarawak no?
@@alex-lu8mi
If I read the web site correctly, I don't think so for >50 YO.
Just search Sarawak MM2H.
@@alex-lu8mi sarawak are not smart. The premier is only O level..He thinks foreigners want to stay in sarawak looking at jungles after they got pr. Hehe..
It's actually now a one month/year stay or visit requirement...up from two weeks. But compared to the three month minimum imposed by these Tiered MM2H programs it is minimal. It can be done in "bites" and either the principal or spouse can contribute "days" to fulfill the requirement.
I think the check at the 5 year midpoint of the visa period. Sarawak has an immigration process where the check for visas, and stamp or electronically input comings and goings. So they would be able to retrieve info about how long you have stayed per year.
The Premier of Sarawak "not smart" ??? The Sarawak Mm2H program has got from about 100 recipients/year in the 2019's to more than 2000 issued visas last year. MM2H LOST 2000 visa holders last year! And the number of new visas issued dropped from 5000/year pre-Covid to an average of about 25/year when the established their "High Earning Investor" version of MM2H. Over a 90% drop in new applications WHEN they were even accepting them. Sarawak never had a suspension of their program, even during Covid shutdowns. If you were in Sarawak or could get there they'd accept your application.
So saying that Sarawakians and their Premier are stupid? Hat is more a reflection of YOUR ignorance.
The tourism provision means the withdrawn money can be spent on domestic tourism
Can 1/2 of the FD be used for buying the required residential property? So, first pay FD, then get MM2H and _then_ take 1/2 FD to use for buying property?
Yes
Good info Andrew
Thanks for watching! 😊
What if I already own a property in Malaysia? Would my current property (purchased 12 years ago, before applying for new MM2H and valued above threshold) satisfy the condition of obligatory purchasing? Thanks for your advice
Interested in all you have to say.
Our economy is struggling with uncertainties, housing issues, foreclosures, global fluctuations, and the pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
There are two things I don't like with the platinium program. 1. USD deposit. I wish you could at least invest in a diversified portfolio. I guess we can take and spend the interest. 2. The total fees is RM 200k + 70k agent fee. That's a lot for stamp.
I am a big fan of Malaysia but I am having second thoughts about their MM2H.
Andrew , thanks for the MM2H update as accurate as possible from your reliable source. Would you know how to go about for some people like us being the 2nd round of MM2h which would be due in few years. The next renewals would have to Apply again as per new rules ?
Its not an international cemetery plan for sure.
They are going to join BRICS!!
From the Nomad Capitalist eMail that I just received: "Applicants must reside in Malaysia for at least 60 days per year." So is the residence requirement 60 or 90 days ?
so on the silver you get a 5 yr visa but can't sell your real estate for 10 yrs ? makes sense....
What about their PVIP program?? I don't have the extra capital right now but i am planning to move to Malaysia within the next 2 years .
I have one rule in life. I don't go where I'm not wanted. This one of big reasons I moved out of the UK and back to Central/Eastern Europe. Malaysia made it clear they don't want too much immigration (even relatively wealthy). It is their right and if I was Malaysian with a country like China on my doorstep perhaps I'd be happy my country goes in that direction. But as I'm not Malaysian, looking for some nice place to take my money in exchange for a backup place to live Malaysia is crossed off my list for now.
I read somewhere that you're excluded from being able to do business or invest in Malaysia on all but the Platinum. That seems strange but I could imagine it would be a deal breaker some.
Its a country for rich old people to retire.
Great video. Is Penang part of the SEZ?
Penang.......no way, have you seen what the Chinese have done to property prices there?
Great video Andrew 😉👊🇬🇧🇪🇦🍷
they should allow us to use all the money for Housing in deposit all 150K instead of 50%
Bottom line, it's all about money and benefits to the country's economic and development, thus MM2H is not a welfare/social programme. 🙂
Gold sounds good, but 90 days. I was there 60 days last year over 2 trips. This year, for 30 days so far. May go back again. But 90 days may be difficult. It may be OK if you own a home there or are older?
Right now there are plenty of seafront properties with private beach access available
Does anyone know if for the SEZ option, does one need to necessarily purchase the property in Johor Iskandar? And does it need to be a new property from a developer only?
YES
Did anyone hear about 50plus program for MM2H? Do they follow the 3 categories Silver /Gold/Platinum if they don’t want to live in the SEZ? Are the requirements the same? Or…
Yes please talk about the President's speech. Thanks
SE Asia may go through 1997 scenario again too much debt
I saw a video from a Jewish man that was just exploring Malaysia. He mentioned he was Jewish a couple times and it seemed to cause all sorts of problems.
Are there an issue for people who are Jewish in Malaysia? Do you know?
Malaysia is extremely conservative, Muslim and pro-Palestinian. If you are a Jew but not a Zionist, you will be welcomed, but if you are a zionist, don't bother...
Thank you Andrew
Many retirees complain they vaht buy property in Thailand/Philipipne so the MM2H provide optioon for those whod like to buy property to settle down.
Hi Andrew. A question about the requirement to buy property: are you able to buy land and build a home to your own specification, assuming it meets the overall spend requirement?
NO
You cannot buy land, but you can negotiate with the developer to modify the house to your liking
Very interested in your feedback on prime minister speech.
I also heard they just joined the brics nations.
Malaysia is a fantastic place to go for beach vacations and to binge on shopping and food. Unfortunately their "prata" politics and policies are a nightmare for any serious investor. If you enjoy the excitement and unpredictability of prata flips then by all means, proceed! 🥞
My plan B future getaway is #1 thailand, #2 malaysia, #3 japan, #4 indonesia, #5 philippines. Need to get away from the western destruction so #3 and #5 may be a risk and I recognize that. Things are changing so rapidly this list is subject to change
thailand is a good looking one as it has Freeholds
I think you can´t plant roots too firm in each country if you really wanna avoid the tyranny. Have enough money to accept possible loses if you need to cut ties quickly.
Taxes in Japan are insane. Maybe okay if you can secure a residency here and you are a middle-class professional. I've lived in Japan for more than a decade and planning to leave soon to reduce my taxes.
@@speed_freak_1001 i would be retiring so I doubt I would have to lay taxes. Besides most of my relatives live there
@@vktravellog1242 Noted. Just be aware of Japan’s inheritance & gift taxes and taxes on foreign income after five years. All the best to you.
Malaysia has a track record of flip-flop policies, so for expat do prepare for back ups. PR is almost impossible unless you're a Muslim.
Overall the govt pretty much leave you alone, they are too busy with their own politics and corruption. I'd recommend buying condos in KL >RM 3mil so that you get a cleaner community, and your neighbours don't leave scratches on the walls of the lifts etc.
Landed homes >RM 2mil gives you decent neighbourhood esp. if near starbucks and foreign banks.
Condos have security whereas freehold homes you have to arrange for your own security guards. Home breakins are pretty common.
Obviously outside of Selangor can be cheaper
If you can afford then it is no problem. Properties in Malaysia still cheaper than most well developed countries. You can even rent it out to get some income.
"The President of Malaysia said Malaysia first." I wonder if he also said "Make Malaysia great again?" That would be interesting!
There is no such thing as president in bolehland!
Malaysia is not a republic. HENCE no president😂😂
😅
Correction : Prime Minister
Wait they want u to place the deposits in local currency or foreign currency will do ? That’s a huge difference. If you put it in RM you are looking to loose 10-20% of said amount at best. The Malaysia economy will not improve this is not a country where you want to put anything in local currency.
Which country is best for crypto investment
Man... They used to offer permanent residence for platinum... Daamn.. rip
Understandable
The old mm2h was not permanent visa. Only marriage is permanent visa
I love Malaysia. The rule on physical presence is my problem.
Indeed.
agree, specially for frequent travelers 90 days was very long.
@@micomarinas2753
I don't understand.
If you travel frequently and cannot make a cumulative total of 90 days annually, why take the MM2H? I would have thought the wiser choice is to obtain a 90-day visa eveytime you enter Malaysia. But do correct me if I misunderstand you.
Its suppose to be a simple honest scheme for rich old people to retire. And leave before they die.
Its suppose to be a simple honest scheme for rich old people to retire.
Nicely done, Andrew.
I'm really confused. What happens after 10 years? They kick you out? What if you set up a business there? Contributed to the economy? Provided employment? You'll just have to close shop and leave? I want to move to Malaysia to live, not as a 90 day tourist. I want my daughter to do her undergrad there. I want to set up a business there. I want to buy a house. Is none of that possible? They'll force me to sell the house I love and go elsewhere? Or does the visa renew automatically for another 10 years if you still have that amount in the bank and still own the house?
Also, I have heard they jack up the house prices for foreigners, eg a $100,000 house for a local will be $200,000 house for a foreigner. So come 10 years when they force you to sell up and leave, you'll incur a loss even if the house price has gone up, because the local will buy it for $180,000, leaving you $20,000 out of pocket. Is this true???
Because there actually are toilets in the train stations in Malaysia! 😆 .....in addition to regular cleaning of the stations.
Is expensive for a simple person. Must check for other options.
Turkiye
@@noahboah2310 nice country, but geopolitically connected...
Buy property in Johor Bahru, Penang or Kuala Lumpur. Rent it out to worker or company. You will get fixed income every month. Especially in Johor Bahru, there are many Singaporean or Malaysian that working in Singapore living there. They can easily afford to rent your property
Just visited there last month and I feel like I have left something there ……❤❤❤
Hopefully it's the best giant step of Malaysia joining BRICS 👍
For 50 yrs old, plz clear my doubt, do I have to buy house and pay 30k deposit? For joho mmh2 program
The PVIP provides a 20-year approval
"The downside is the Metro doesn't smell like a urinal, if you can deal with that". I didn't quite get what you said at the very end there. Can you paraphrase?
With the special economic zone what is the minimum property price and do you have to live in that location or can you live in KL?
Malaysia Boleh
Andrew, I owned a condo, sold it in 2013 at the exchange rate of 3 RM per USD. Now it is 4.7 RM so a 57% depreciation in 11 years just form the exchange rate which more than offset the gain in property price.. You stated RM 1 million, try 1.5 million RM for a comfortable condo. What you did not talk about is the property applicant must purchase has to be from developer not from any seller or real estate agent.
And that is important when it comes time to sell the property - because you can't sell to another incoming expat, he must buy from a developer too - leaving you to sell to a small pool of local buyers who know your options are limited.
If you are a multi-millionaire that could work for you, but why would such a person want to be forced to stay 90 days in a country or even pick a country with so much pollution, that risks your health? If you only have $500k to $1.5M it's much to risky to spend so much money on a country that doesn't have 100% stability. Silver is a joke with 5 years of visa and investment locked for 10 years.
Kuching Sarawak is the best place for MM2H. One of the three high income nation independent from federal government where Islam is not the majority. One of the richest in Malaysia.
Sarawak PR not valid for Malay Federation.
but also one of the most expensive state to live in. Costs and prices are even higher than KL and Selangor if you can believe it, while having none of the economic activities and vibrance of those two states.
@@kenhew4641 you are mistaken Sarawak for Sabah. Sarawak on the other hand, has an amazing economic performance, catching-up and position herself as the fourth richest state in Malaysia after Wilayah Persekutuan, Selangor and Penang. One of the 4 high income states in Malaysia.
@@kenhew4641 Wow that is sad for the natives. More expensive then KL? Terrible situation.
Quite going and seeking residency till they get their act together