@@leealex24 Don't get mad on all his opinion. He loves Philippines because the Phillippines is a US allies pro US foreign policy compare to Malaysia with strong & independent on world affairs .
@@leealex24 Retiree mm2h holders contribute a lot more to Malaysia than some of the immigrants from Bangladesh & Myanmar. Sorry if we are the wrong religion but go ahead & take your pick.
@@beverlyhills7883I think you are confused. This has nothing to do with religion. Malaysia put these requirements based on wealth, income and character. Thats all. Like I said, if it is too much you can go to other countries or maybe you can go HK instead and put about US$4mil if you prefer. No problem for Malaysia.
We are from South Africa and MM2H holders. Malaysia and the people has only been welcoming and most friendly towards us. Our plan is to spend part of our retirement there within the next couple years. I do think it is important to have a balanced view on this and each person will have it's own needs and requirements and it is not everything about the money, you need to look at the full package what a country offers. I believe the government is correct to have strict conditions and not offer the country as a cheap destination but rather a valued destination where all cultures and religions are respected. This video and information seems a bit one sided, but contains important facts everyone should consider, but not in isolation.
Very nice to hear they don't sell their precious citizinship like a cheap street hore. Glad to hear that Malaysia protect their society and culture by not letting everyone easily live there.
Malaysian people are really welcoming, nicest people i ve ever met, i've had no issues getting there even during covid. It's wrong to say Philippines is better because its catholic.
I have lived and worked in Malaysia for 27 years, its a hot safe and friendly country and for sure your foreign currencies go further here, (exchange rate good right now for incoming funds) the multi cultures here means great food available in a "coffee shop culture" I do think they should issue the new second home programs giving all facts necessary to avoid this present confusion. especially Sabah where it was initially mentioned back in February 2023 and todate no news. Quite frankly, I look at my home country (UK) and wonder why would I want to go back there. Park you money in international banks here if your worried (ie HSBC, S.C.B, Maybank) Also some great countries to explore on the doorstep!
If you can’t afford it, just come on the 90-day pass, and then move on when its up. I don’t quite understand all this bluster about Malaysia being on the decline. Really not sure where some people get the idea that Malaysia owe them an easy long term visa to live there on the cheap? 🤔
Yeah. Imagine if you, a Malaysian, went overseas & got charged double to visit the local zoo & tourist attractions because you are a Malaysian. You'd be screaming "racism." Well, that's what the Malaysian government does to tourists. As for encouraging mm2h retirees to buy homes in Malaysia & then deny them reentry to their own homes, that's just plain dishonest. Shifting the goalposts makes people distrust Malaysia.
@@beverlyhills7883A) two tier fees for locals and foreigners are common in many countries. So there is no issue there. B) noone is encouraging anyone to buy real estate in Malaysia. On the contrary, the RM1mil to RM2mil limit on what the foreigners are eligible to buy is designed to discourage such practice. If you are wary or simply cannot afford to take on some risks such as being denied entry, bank collapse, social chaos, the chances of which are quite remote by the way, may i be so bold as to suggest that you stay where you are ?
Where does it say its only for 30 to 49 read it again carefully. Under Minum staying length 1. At least reside in Malaysia for 60 day cumulative within a year.2 For participants aged 30-49 years residency must be fullfilled either the principle of their respective spouses/ dependents. There you go. I just renewed my mm2h and have had lots of cash in a FD in a HSBC acct. No problem its well worth it. I've been here in Malaysia for 30 years. I own property , no issues.
You're mistaken. The information changed recently, and they still need to update their website. *Edited: I can not cite any websites; TH-cam no longer allows links to be posted in the comments.
Do you get interest on your FD? And what is a good website to buy property in Malaysia. I'm thinking of buying in Langkawi is there any minimum amount for buying property there? Also knowing that you can withdraw 50% after 1 year I think it's better to rent for 1 year and then buy property.
You could also bring out inflation and depreciation of the malaysian currency when you discussed about the fixed deposit scheme. When you consider inflation and the depreciating currency of the malaysia ringgit, it could appear the wipe out the perks of mm2h. For example, you are from United states, the ringgit has at least depreciated 12% for the last 5 years. That that is about 2.25% per year. Then inflation is about 3.5% in malaysia which works out a total of 5.75% per year. If the fixed deposit's interest is not 7% and above... then i dun see the point of parking so much currency in fixed deposit and it is only insured for 250k ringgit per account. So let's say u took on silver account and the fix deposit rate is 2.5% now, technically you are losing 3.75% per year. For ease of calculation excluding compunding effect, you are losting 18.75% (variable and subject to economic conditions. If the economy is doing well then you will be losing big time on opportunity cost) after 5 years. So now can you imagine if you for platimum account for mm2h.... the amount will be crazy. You will be losting more 50%(most likely you could had also lost about 40 % of your buying power on the 7th year at the current rate things are going) after 15 years. When i was young in 1990, a piece of roti canai ( indian fried dough ) cost about 0.40 rm(malaysian ringgit). Fast forward today, it is at 1.70rm (malaysian ringgit) after 33 years. Which works out to be 325% inflation in 33 years which works out an average of 9.8% inflation per year. ( actual buying power in real life). I trust that many living in Malaysia could identify with the case study mentioned above regarding roti canai. Disclaimer: what was share was purely for personal views, and figures mentioned where from my personal experience and shall not be taken as absolute. Viewer/ readers that reference it shall make their own sound judement.
Right FU. Don't think abnout citizenship in the US, Australia, or Canada. You've got a really shitty attitude. I'll be there soon. Let's meet, I'll buy you a beer... 😉😉
Yup, Malaysia attracts no billionaires and super rich, do you think Malaysia need them or even cares? Go somewhere else where you can PAY for a better visa options.
Malaysia seem interesting for a variety of reasons including its neutral between the super powers and seemingly concealing modeling itself after Singapore
If you cannot afford to live in malaysia or uninterested in Malaysia, you can always go and live in singapore, thailand, phillipines or Indonesia. No problemo. There are always pros n cons if you choose to immigrate to a foreign country. One should expect that.
Food is limited, and very low quality. Supermarket groceries are expensive, and very limited. S & R do sell imported products, but they're sold in bulk, and I'll often spend more there than on my normal shop, and I'll walk out with a bill for 5000php, and the trolley/cart will have nothing in it. Service is slow. They don't know the meaning of busy, so work fast. The supermarket might have 20 people per checkout, and the girl working has a fixed stupid looking face and she just works as if there's only one to serve. I hate shopping, and the limited variety of food there. And, unless you spend $1000 a month in rent, you're going to get a long, narrow house/unit. They have zero concept of how to build anything. The people are friendly whatever, the rest is crap. Unless you get a bajaj/tuktuk, you're just in a tricycle with a sidecar only big enough to fit a 50kg person who's 4'10''. The pizzas there, the pizzas are ALL frozen and just cooked to order. It's impossible to alter the toppings on any pizza. 80% of the food is deep fried, and it's boring. There's basically no smoking anywhere in public, it's illegal and you can get a fine. It's dirty, filthy. there's no waste management so people just throw trash where they walk. I had one guy try to rob me but I just broke his nose. there is crime, but I'm 6'5'' and 260, so generally nobody bothers me, but it exists. Lastly, as of 10/2023, they have zero oral opiods. I broke a few ribs when I slipped in the shower, went to hospital, had an xray, got a whack of morphine, and was sent home with some garbage the was as strong as panadol. When I asked about something stronger they told me there's nothing. Maybe tramadol, but no morphine pills, no oxy, no oral opioids, no patches, nothing. The country somehow screwed up a deal with Mundipharma, their sole supplier, and have done nothing about finding another. I spoke at length to the FDA, and they said that they're not going to worry about finding another supplier. I'm coming from the PH to Malaysia I think because the Philippines is trash. If going there is you plan....think again. You'll be sorry.
What you miss is the fact Malaysia has previously had currency controls in place. That means deposit money could be tied up there for years if you leave, or even permanently if that's what they choose.
As a malaysian compared to the old mm2h, this 15th december 2023 announcement is much better. And fair. Platinum, gold, silver. Your choice. My pick FOR you guys are silver or sarawak mm2h. Waiting for sabah mm2h.
Thanks. I'll look into Sarawak MM2H. Are you a local/Malay? I have a question: What happens if govt. decides to freeze/ban MM2H visa? Where will existing visa holders go? It's like being a tenant, at the end of the day, you might need to go where you came from, even if you had spent many years there. How do people deal with this issue/challenge?
@lonewalker1595 Asian countries mostly do not allow dual citizenship and seldom provide citizenship. Foreigners can still enjoy the environment and low cost of living for a few years. At this moment in time the tourism ministry wanted to re-register agents. It can be a disadvantage because each agent has clientelle, I do not know what will happen if no license is given. Their business will be affected. This minister may want to streamline charges but it also can cause disruption to business. You still have expenses each month even when you go back to your own country, but countries in South east asia are cheaper. Obviously with mm2h, you need to invest. That is the purpose. You may want to study other types of visa eg education, work, investor etc etc.
You can take back all your money when you cancel it. By the way, it is a fixed deposit, and the bank pays you interest on your money. You have nothing to worry about. Where can you get such a good deal? Some countries require hundreds of thousands of dollars to invest in something in their country, and you have no guarantee to get back your investment.
That's what you'd like to think. It's a half-truth! You always have much to worry about when you deposit with a bank. Malaysian Banks offer deposit insurance of up to RM 250,000. Please also consider inflation and depreciation of the local currency, and you'll see that you are looking at a much smaller annual return than you anticipated initially. Good luck trying to profit by depositing money into a local bank account. MM2H comes with a HIGH opportunity cost. There's a chance that Malaysia will get out of line again, prohibiting long-term social visit pass holders (MM2H holders) from entering the country. It might be an option if you have some good cash flow from your business or employment, savings, and assets, and you can afford to have hundreds of thousands locked up for years or more than a decade. This is all about your net worth, and under no circumstances should anyone consider locking up the majority of their money in Malaysia - DON'T DO IT! You shouldn't risk more than 20% of your net worth for a social visit pass.
Considering the selection of local and international banks the risk is no more than any country where you bank cash. Saying you should not “risk” more than 20% is a good balanced view but understand that cash in Malaysia carry similar risk to most other countries. The currency risk factor only holds true if you not planning to spend time and money in the country and then the real question should rather be if you doing this for the right reasons. Why should any country give you a free pass.
To me it is obvious the reasons behind the uncertainty, opacacity and ever changing rules - currently no single political party is in charge of Malaysia. The government is made up of a 'mish-mass' of parties and there's a lot of political horse trading involved to keep the country on a certain path. MM2H is a controversial policy for some factions within the political arena. For us it seems like an easy win-win arrangement but not so for many within Malaysia. The coalition government has to walk a fine line between pro and anti-foreigner sentiment. It may be an uncomfortable view but that's the most likely reason.
The ex-PM is in jail. The constant emotional decisions to change the MM2H program's terms have led foreigners into the abyss. There's been an increasing amount of anti-foreigner sentiment, confirmed by local laws and expats living in the country.
There really isn't any anti foreigner sentiment here. Like literally, no voters cares if expats come here. We welcome you, at least for now. The thing is, Malaysia is no longer a poor country in which we are willing to do anything just for the sake of getting more capital without any productivity boost. If we want to let people come in, at least let them be high quality expats that can boost productivity, provide expertise, add value, etc. I think it's normal, once your country reaches a certain level of development they would want to be more selective of the people they let in. However I don't think the government anticipated application would drop by that much. Which prompted the new government to reduce requirements a little bit.
Another TH-camr living in Malaysia has already stated the only difference for people 49 and older is the how long they must stay in Malaysia as part of the requirement to keep their Visa active. Is that not the case? Thank you!
If you can't afford to retire in Malaysia, there's always other countries in Asia but Malaysia offers luxury at affordable prices. KL is similar to Singapore but at a fraction of the cost
@@rexeverything4578 Paris is a nice place to visit if money isn't a factor but there seems to be a lot of protests for some reason. So, staying there long term might be a little challenging.
@@davidb2206 No man, there's no such reciprocity. US and Malaysia are two sovereign nations, they have the right to enact or implement policies independently. So basic you don't understand? You talk like a child, this is the real world. Everything has a price. In Malaysia, as a foreigner, there's a price to pay in fact, it's already very reasonable. If you go HK, you need to put US$4.5mil to be a resident there, so grow up ok? If you can't afford it, means you are not the type Malaysia wants, so, you can go Cambodia, Laos etc.
@davidb2206 No man, there's no such reciprocity. US and Malaysia are two sovereign nations, they have the right to enact or implement policies independently. So basic you don't understand? You talk like a child, this is the real world. Everything has a price. In Malaysia, as a foreigner, there's a price to pay in fact, it's already very reasonable. If you go HK, you need to put US$4.5mil to be a resident there, so grow up ok? If you can't afford it, means you are not the type Malaysia wants, so, you can go Cambodia, Laos etc.
I'm outta here, David... The locals clearly do NOT want foreigners to integrate and obtain real residency with path to citizenship. The proof is in the pudding. Many believe that MM2H is a residence permit (they don't know anything)😂 Most don't know anything about laws and requirements. This is one of the least receptive regions of the 21st century.
@@davidb2206 Dude. every country in the world has their own right to set their own policies. You believe in freedom right? Just like US set their own policies, so can other countries. It can be any country in fact. There's no such thing as reciprocity in this matter. Your own own congressman also know this, it's called sovereign nations, unless he is a child. :)
Thanks. Quick question: 1) If you're a MM2H holder and govt decides to freeze or stops MM2H, how will you be able to renew your visa after 5 or 15 years? It's like being a tenant and once contract is over, you need to go. Also, you can't apply in a local company or vote in politics. It feels unsafe and risky especially when you're planning to stay there permanently, grow your business and settling down. What do you think about this issue? 2) Also, if your child is born in Malaysia, will he or she be considered a citizen or he will also be considered under MM2H visa? Please explain this as well. Thanks a lot
The whole saga simply reflects that the Malaysian government is not credible. Look at the One MDB scandal! Retrospective application of requirements to people who already hold MM2H is shameful and shows how untrustworthy the entire program and Malaysia as a country is. You may as well retire in China.
@@davidb2206Malaysia is a small nation and will not make enemy with any nations. Malaysia is neutral and friendly with every nations. If Malaysia needs help, it will seek help from every nations.
@@davidb2206 1. Definitely not the IMF or the World Bank. 2. Anyway look at how the Iraqis, the Syruans, the Afghans and the Libyans were helped. Before them, the Vietnamese and the Chileans. 3. The rich and wealthy Americans would move to countries with low taxation in Europe.
Important thumbnail for your video. Malaysia is a wonderful country with hospitable people. I was in the Sarawk program but left after I saw the economic consequences. I didn't like the idea of your money being held hostage by the state without any guarantee. You will always lose money as soon as you withdraw the money from the bank due to inflation or the exchange rate. A second point is the instability of the program. What is green today may be red the next year. You just can't rely on it. A third point is that the Malaysian government is racist and discriminatory. Immerse yourself in the history of the country. And like you said, people want your money and have nothing else to do with you. As another you tuber says. Go where you are treated best.
Change to back door government was to be balmed for the drastic change in requirements in MM2H in 2021 , the new government is pro business and FDI , Malaysia economy will pick up in next 10 years as Asean becomes the main attraction of global investment and maunfacturing
These are some good points to consider - perhaps doing an in-depth comparison of the Sarawak MM2H vs the revised Federal MM2H? The Sabah MM2H is taking f-o-r-e-v-e-r. Sarawak MM2H for age 50+: bank deposit is RM150K ($32,7xx USD) for single, RM300k ($65,4xx USD) for a couple, minimum annual income is RM84k ($18,3xx USD), minimum stay in Sarawak is 30 days per year - this a 5-years multi-entry visa which is renewable. There are also specific requirements for those who are aged 30-40 and 40-50. Google is your friend.
The new MM2H is catered for the young wealthy Chinese from China. They requested for PR as they will likely live and die in Malaysia. For retirees (> 50) from western countries, they may likely look to Thailand, Vietnam, Cambodia, Indonesia, the Philippines and possibly Singapore. The young wealthy Chinese is in the category of Top 1% and Top 5% of Amercans’ net worth: Americans’ net worth 1. Top 5% = USD2,584.130 (2.5 mil) 2. Top 1% = USD11,099,166 (11 mil) These wealthy young Chinese may also likely end up in Thailand or Singapore.
If yr bank deposit of more than RM250,000.00 does not cover by insurane is yr concern....you should consider depositing yr money in few banks of not more than RM250,000.00 in each one 😅😅😅
Hi is SMM2H still available? this is more for the retirees wondering if they are still there after the new launched of the MM2H? if you may please clarify. Thanks for your channel.
If you get a Silver Pass, after 5yrs and you have real estate of 500k to 1million ringit depending on area, do you need to replenish the fix deposit upon renewal?
This video is so right, Malaysia have a attitude of CHURN and BURN also lets say if the path to PR does exist than its a good deal but it never will, we have to understand some key features of Malaysia and their Political eco-system - The country is heavily influcend by Religious based politics - Malaysia is not a big hotspot for innovation/science ( however small events and some big flukes does take place once in a while) - Malaysia has deeply rooted racism - Lifestyle/infrastructure outside capital is still poorly developed and managed - Taxes are very high I will still suggest to settle for Thailand or EU.
There have been many problems since Indonesia stopped sending foreign workers to Malaysia. Indigenous people (Malays) are experiencing serious problems because of immigrant workers from South Asia. And what's quite sad is that Malaysians still blame Indonesia for not wanting to send migrant workers to their country!? 👀 Even though this is not the Indonesian people's fault because they don't want to become migrant workers to Malaysia. On the other hand, I and most people are more interested in the careers that are being offered by Japan and Korea. They give us higher wages and more humane treatment! MAAF MALAYSIA.......DAN JUGA, SELAMAT TINGGAL 🙏🥲🇲🇾💔
Your perspective on the MM3H program seems overly negative and one-sided. Comparing Malaysia to the Philippines and Paraguay may not be entirely fair. It appears that immigration consultancy has become quite widespread.
Malaysia is home to one of the world's least reliable second home programs, the MM2H program. The truth hurts, but Malaysia's flip-flopping has backfired in recent years, forcing tons of capital into other countries.
That’s for good we don’t want also later on malaysia full of foreigner than local due to all cheap for outsider due to currency and attract more and more outsider want to live here.
The Government of Malaysia takes TOO LONG to make any decision. The Revised MM2H program requirements should have been announced a long time ago. When they did announce, there were many questions and grey areas. Why have these Questions not been cleared up? Its time the Government of Malaysia realizes we are not in the 80s.......its the Cloud age now. Decisions should be made in weeks not in years.
To state philliphines is better because its catholic is totally wrong. Malaysians treat all cultures/religions fairly and have given full freedoms and rights. Unlike the west which is in moral decline with increase in islamphobia.
Totally incorrect statement. Institutional racism is strong in Malaysia, just look at which ethnic group is getting the most benefits. So no, not all cultures are treated equally in Malaysia.
It makes no sense to explain laws and the Constitution to someone who doesn't understand those! America is doing it better than any other country. Institutional racism has been gone for many decades. The proof is in the pudding!
My duty is a trust, my answer is a promise, my duty is an order to convey a message of promise spoken by Prophet Muhammad SAW (Al Quran) Matters that invalidate the creed Every Muslim must guard his creed and refrain from doing things that can invalidate it. Every Muslim must guard his faith so that he becomes a pious believer Among the things that invalidate the faith are: Doing things that clearly associate Allah SWT with creatures either through believing in words or actions such as believing that there is something else that has power other than Allah SWT Worshiping other than Allah SWT is like idols and statues Denying the authority of Allah SWT (Uluhiyah or Rububiyah) Rejecting the apostleship of Prophet Muhammad SAW or any messenger sent by Allah SWT, Mocking, denying and disputing any law of Allah SWT. Doing acts that resemble the religious beliefs of infidels such as wearing a cross Rejecting al-Quran and al-Sunnah as a source of Islamic law. I'm sorry as much as I'm sorry for how much money Mr. Ma'am is as tall as a mountain, I don't look at it, it's my duty according to Islamic law, it's not to make a profit and spend it on a project in the countryside, thank you
High standard of living similar to Singapore but at a fraction of the price. It is also a medical tourism hub especially dental due to the exchange rate which is around US$1 to RM4.60
Why staying in a country that her official stance is against Israel, systematically and officially established politically policies that discriminate against minorities in the country, keeps reaping from minorities and paying handouts to majority?😊
Malaysia just beautifuland lovely people compare to babie killer. I am from are minorities feels really really really safe compare to isreal minoritis.
Imagine if you, a Malaysian, went overseas & got charged double to visit the local zoo & tourist attractions because you are a Malaysian. You'd be screaming "racism." Well, that's what the Malaysian government does to foreigners. As for encouraging mm2h retirees to buy homes in Malaysia & then denying them reentry to their own homes, that's just plain dishonest. Where are they supposed to go? Shifting the goalposts makes Malaysia look backward & kleptocratic, not a good look. As for citizenship, Malaysia, freely allows muslims from Bangladesh & other countries into the country. Some of these folk contribute a lot less than middle class mm2h retirees from wealthy countries. Take your pick & deal with it. Hope you are enjoying the Rohingyas, many of whom have easily obtained PR on account of their faith.
Not only to foreigners, they doing it on local minorities as well, there are different prices in property for majority and minorities, and minorities have to pay higher prices, not the other way around 😊
That is so incorrect. In Europe, you get real permanent residency with a path to citizenship, and you can own all properties WITHOUT restrictions. We're talking about two different pairs of shoes here, my friend. 😎
Subscribe now for more unbiased and cutting-edge information on relocating to the most liberal countries in the world 😀💪
If you cant pay to stay here, please go somewhere else. Malaysia doesnt owe you a living.
@@leealex24
Don't get mad on all his opinion.
He loves Philippines because the Phillippines is a US allies pro US foreign policy compare to Malaysia with strong & independent on world affairs .
@@IsmailSulaiman-u7p No opinion inside this video. All facts and data, backed up with proof.
@@leealex24 Retiree mm2h holders contribute a lot more to Malaysia than some of the immigrants from Bangladesh & Myanmar. Sorry if we are the wrong religion but go ahead & take your pick.
@@beverlyhills7883I think you are confused. This has nothing to do with religion. Malaysia put these requirements based on wealth, income and character. Thats all. Like I said, if it is too much you can go to other countries or maybe you can go HK instead and put about US$4mil if you prefer. No problem for Malaysia.
We are from South Africa and MM2H holders. Malaysia and the people has only been welcoming and most friendly towards us. Our plan is to spend part of our retirement there within the next couple years. I do think it is important to have a balanced view on this and each person will have it's own needs and requirements and it is not everything about the money, you need to look at the full package what a country offers. I believe the government is correct to have strict conditions and not offer the country as a cheap destination but rather a valued destination where all cultures and religions are respected. This video and information seems a bit one sided, but contains important facts everyone should consider, but not in isolation.
The Maalaysian people was and is never the problem.
The problem has always been with the govt.
@@ocswoodlands what did they do? Yours isnt better i am sure
@@Bambotb Mine? The Malaysian govt is MY govt 😪
Very nice to hear they don't sell their precious citizinship like a cheap street hore. Glad to hear that Malaysia protect their society and culture by not letting everyone easily live there.
Malaysian people are really welcoming, nicest people i ve ever met, i've had no issues getting there even during covid. It's wrong to say Philippines is better because its catholic.
I have lived and worked in Malaysia for 27 years, its a hot safe and friendly country and for sure your foreign currencies go further here, (exchange rate good right now for incoming funds) the multi cultures here means great food available in a "coffee shop culture" I do think they should issue the new second home programs giving all facts necessary to avoid this present confusion. especially Sabah where it was initially mentioned back in February 2023 and todate no news. Quite frankly, I look at my home country (UK) and wonder why would I want to go back there. Park you money in international banks here if your worried (ie HSBC, S.C.B, Maybank) Also some great countries to explore on the doorstep!
If you can’t afford it, just come on the 90-day pass, and then move on when its up. I don’t quite understand all this bluster about Malaysia being on the decline. Really not sure where some people get the idea that Malaysia owe them an easy long term visa to live there on the cheap? 🤔
Yeah. Imagine if you, a Malaysian, went overseas & got charged double to visit the local zoo & tourist attractions because you are a Malaysian. You'd be screaming "racism." Well, that's what the Malaysian government does to tourists. As for encouraging mm2h retirees to buy homes in Malaysia & then deny them reentry to their own homes, that's just plain dishonest. Shifting the goalposts makes people distrust Malaysia.
@@beverlyhills7883
U make me think the Malaysian government is so stupid aren't u.
@@beverlyhills7883A) two tier fees for locals and foreigners are common in many countries. So there is no issue there. B) noone is encouraging anyone to buy real estate in Malaysia. On the contrary, the RM1mil to RM2mil limit on what the foreigners are eligible to buy is designed to discourage such practice. If you are wary or simply cannot afford to take on some risks such as being denied entry, bank collapse, social chaos, the chances of which are quite remote by the way, may i be so bold as to suggest that you stay where you are ?
@@IsmailSulaiman-u7p orang Malaysia bagus, hati besar. Tetapi government jahat, chari duit Macham Babi.
MM2H sales are down 90% from pre-health crisis levels. So yes, statistically speaking, Malaysia is in DECLINE.
Where does it say its only for 30 to 49 read it again carefully. Under Minum staying length 1. At least reside in Malaysia for 60 day cumulative within a year.2 For participants aged 30-49 years residency must be fullfilled either the principle of their respective spouses/ dependents. There you go. I just renewed my mm2h and have had lots of cash in a FD in a HSBC acct. No problem its well worth it. I've been here in Malaysia for 30 years. I own property , no issues.
You're mistaken. The information changed recently, and they still need to update their website. *Edited: I can not cite any websites; TH-cam no longer allows links to be posted in the comments.
Do you get interest on your FD? And what is a good website to buy property in Malaysia. I'm thinking of buying in Langkawi is there any minimum amount for buying property there? Also knowing that you can withdraw 50% after 1 year I think it's better to rent for 1 year and then buy property.
You seem to know a lot about MM2H program. Can you tell me more about that ? Is it interesting for people over 50 ? Thanks
You could also bring out inflation and depreciation of the malaysian currency when you discussed about the fixed deposit scheme. When you consider inflation and the depreciating currency of the malaysia ringgit, it could appear the wipe out the perks of mm2h. For example, you are from United states, the ringgit has at least depreciated 12% for the last 5 years. That that is about 2.25% per year. Then inflation is about 3.5% in malaysia which works out a total of 5.75% per year. If the fixed deposit's interest is not 7% and above... then i dun see the point of parking so much currency in fixed deposit and it is only insured for 250k ringgit per account. So let's say u took on silver account and the fix deposit rate is 2.5% now, technically you are losing 3.75% per year. For ease of calculation excluding compunding effect, you are losting 18.75% (variable and subject to economic conditions. If the economy is doing well then you will be losing big time on opportunity cost) after 5 years. So now can you imagine if you for platimum account for mm2h.... the amount will be crazy. You will be losting more 50%(most likely you could had also lost about 40 % of your buying power on the 7th year at the current rate things are going) after 15 years. When i was young in 1990, a piece of roti canai ( indian fried dough ) cost about 0.40 rm(malaysian ringgit). Fast forward today, it is at 1.70rm (malaysian ringgit) after 33 years. Which works out to be 325% inflation in 33 years which works out an average of 9.8% inflation per year. ( actual buying power in real life). I trust that many living in Malaysia could identify with the case study mentioned above regarding roti canai. Disclaimer: what was share was purely for personal views, and figures mentioned where from my personal experience and shall not be taken as absolute. Viewer/ readers that reference it shall make their own sound judement.
Our goverment for sure can't give you citizenship.That is very good for our country.This is Malaysia.
Malaysia happily allows Muslim immigrants from Bangladesh & Myanmar. Really quality people, far superior to middle class mm2h retirees from the west.
@@flutingaround Nope, MM2H is not a immigration program.
Right FU. Don't think abnout citizenship in the US, Australia, or Canada.
You've got a really shitty attitude. I'll be there soon. Let's meet, I'll buy you a beer... 😉😉
@@beverlyhills7883 Do you mean Malaysia government only give citizenships to anyone Muslims only?
Thanks for your good video to consider other cost friendly countries with better package.
You're welcome
If you cant pay, please go somewhere else. Malaysia doesnt owe you a living.
You think Malaysia attracts billionaires? It is a great destination for middle class retirees, no more no less.
The super rich don't come to Malaysia. Way too boring
Yup, Malaysia attracts no billionaires and super rich, do you think Malaysia need them or even cares? Go somewhere else where you can PAY for a better visa options.
I'm here
@@royalladin5276
@@cyengify Why billionaires want to move to other countries, when they can buy lands in their country and make it their own mini territory/kingdom?
Malaysia seem interesting for a variety of reasons including its neutral between the super powers and seemingly concealing modeling itself after Singapore
If you cannot afford to live in malaysia or uninterested in Malaysia, you can always go and live in singapore, thailand, phillipines or Indonesia. No problemo. There are always pros n cons if you choose to immigrate to a foreign country. One should expect that.
I live in the Phillipines part time. I don't recommend it for a variety of reasons.
We'd love to hear more about why you believe the Philippines is not recommendable.
@@secrets.295agree with everything you said plus I'll add Filipino food sux in comparison with the other SE Asian countries! 😂😂😂
Food is limited, and very low quality. Supermarket groceries are expensive, and very limited. S & R do sell imported products, but they're sold in bulk, and I'll often spend more there than on my normal shop, and I'll walk out with a bill for 5000php, and the trolley/cart will have nothing in it. Service is slow. They don't know the meaning of busy, so work fast. The supermarket might have 20 people per checkout, and the girl working has a fixed stupid looking face and she just works as if there's only one to serve. I hate shopping, and the limited variety of food there.
And, unless you spend $1000 a month in rent, you're going to get a long, narrow house/unit. They have zero concept of how to build anything. The people are friendly whatever, the rest is crap. Unless you get a bajaj/tuktuk, you're just in a tricycle with a sidecar only big enough to fit a 50kg person who's 4'10''. The pizzas there, the pizzas are ALL frozen and just cooked to order. It's impossible to alter the toppings on any pizza. 80% of the food is deep fried, and it's boring. There's basically no smoking anywhere in public, it's illegal and you can get a fine. It's dirty, filthy. there's no waste management so people just throw trash where they walk. I had one guy try to rob me but I just broke his nose. there is crime, but I'm 6'5'' and 260, so generally nobody bothers me, but it exists.
Lastly, as of 10/2023, they have zero oral opiods. I broke a few ribs when I slipped in the shower, went to hospital, had an xray, got a whack of morphine, and was sent home with some garbage the was as strong as panadol. When I asked about something stronger they told me there's nothing. Maybe tramadol, but no morphine pills, no oxy, no oral opioids, no patches, nothing. The country somehow screwed up a deal with Mundipharma, their sole supplier, and have done nothing about finding another. I spoke at length to the FDA, and they said that they're not going to worry about finding another supplier. I'm coming from the PH to Malaysia I think because the Philippines is trash.
If going there is you plan....think again. You'll be sorry.
Similar thing happened in Thailand back in 2007 or so. The supposed lifetime visa, changed and was no longer lifetime.
What you miss is the fact Malaysia has previously had currency controls in place. That means deposit money could be tied up there for years if you leave, or even permanently if that's what they choose.
As a malaysian compared to the old mm2h, this 15th december 2023 announcement is much better. And fair. Platinum, gold, silver. Your choice. My pick FOR you guys are silver or sarawak mm2h. Waiting for sabah mm2h.
Thanks. I'll look into Sarawak MM2H. Are you a local/Malay?
I have a question:
What happens if govt. decides to freeze/ban MM2H visa? Where will existing visa holders go? It's like being a tenant, at the end of the day, you might need to go where you came from, even if you had spent many years there. How do people deal with this issue/challenge?
@lonewalker1595 Asian countries mostly do not allow dual citizenship and seldom provide citizenship. Foreigners can still enjoy the environment and low cost of living for a few years. At this moment in time the tourism ministry wanted to re-register agents. It can be a disadvantage because each agent has clientelle, I do not know what will happen if no license is given. Their business will be affected. This minister may want to streamline charges but it also can cause disruption to business. You still have expenses each month even when you go back to your own country, but countries in South east asia are cheaper. Obviously with mm2h, you need to invest. That is the purpose. You may want to study other types of visa eg education, work, investor etc etc.
You can take back all your money when you cancel it. By the way, it is a fixed deposit, and the bank pays you interest on your money. You have nothing to worry about. Where can you get such a good deal? Some countries require hundreds of thousands of dollars to invest in something in their country, and you have no guarantee to get back your investment.
That's what you'd like to think. It's a half-truth! You always have much to worry about when you deposit with a bank. Malaysian Banks offer deposit insurance of up to RM 250,000. Please also consider inflation and depreciation of the local currency, and you'll see that you are looking at a much smaller annual return than you anticipated initially. Good luck trying to profit by depositing money into a local bank account. MM2H comes with a HIGH opportunity cost. There's a chance that Malaysia will get out of line again, prohibiting long-term social visit pass holders (MM2H holders) from entering the country. It might be an option if you have some good cash flow from your business or employment, savings, and assets, and you can afford to have hundreds of thousands locked up for years or more than a decade. This is all about your net worth, and under no circumstances should anyone consider locking up the majority of their money in Malaysia - DON'T DO IT! You shouldn't risk more than 20% of your net worth for a social visit pass.
Considering the selection of local and international banks the risk is no more than any country where you bank cash. Saying you should not “risk” more than 20% is a good balanced view but understand that cash in Malaysia carry similar risk to most other countries. The currency risk factor only holds true if you not planning to spend time and money in the country and then the real question should rather be if you doing this for the right reasons. Why should any country give you a free pass.
The Alberta Treasury Branch guarantees all deposits up to 100% it is the Alberta provincial government that guarantees the insurance.
@@NomadElite Have you checked the history of any banks collapsed in Malaysia? To my recall, there were none.
To me it is obvious the reasons behind the uncertainty, opacacity and ever changing rules - currently no single political party is in charge of Malaysia. The government is made up of a 'mish-mass' of parties and there's a lot of political horse trading involved to keep the country on a certain path. MM2H is a controversial policy for some factions within the political arena. For us it seems like an easy win-win arrangement but not so for many within Malaysia. The coalition government has to walk a fine line between pro and anti-foreigner sentiment. It may be an uncomfortable view but that's the most likely reason.
I really dun think u know wat u r talking about. Sorry.
The ex-PM is in jail. The constant emotional decisions to change the MM2H program's terms have led foreigners into the abyss. There's been an increasing amount of anti-foreigner sentiment, confirmed by local laws and expats living in the country.
@@NomadElite Politicians in jail, happens every where. Anti-foreigner sentiment - yep, even in Portugal this year.
@@SSxxx18 Thank you
There really isn't any anti foreigner sentiment here. Like literally, no voters cares if expats come here. We welcome you, at least for now. The thing is, Malaysia is no longer a poor country in which we are willing to do anything just for the sake of getting more capital without any productivity boost. If we want to let people come in, at least let them be high quality expats that can boost productivity, provide expertise, add value, etc. I think it's normal, once your country reaches a certain level of development they would want to be more selective of the people they let in. However I don't think the government anticipated application would drop by that much. Which prompted the new government to reduce requirements a little bit.
Agree, you got some saved money? you want an easy life? Then move to vietnam, just live your life, but don’t ask anything
video is well done!
Thank you, we appreciate it.
Another TH-camr living in Malaysia has already stated the only difference for people 49 and older is the how long they must stay in Malaysia as part of the requirement to keep their Visa active. Is that not the case? Thank you!
The only restriction on foreigners owning property is that the property must be RM1,000,000 or more.
If you can't afford to retire in Malaysia, there's always other countries in Asia but Malaysia offers luxury at affordable prices. KL is similar to Singapore but at a fraction of the cost
@@davidb2206 Maybe you should stick with Europe? Then again, not all Europeans are welcoming of Americans or immigrants in general🤷♂
@@ViolentCabbage-ym7ko I hear Paris in nice now...
@@rexeverything4578 Paris is a nice place to visit if money isn't a factor but there seems to be a lot of protests for some reason. So, staying there long term might be a little challenging.
@@ViolentCabbage-ym7ko I wouldn't go there today...no way!
Singapore, as a matter of fact is a World class country, hence the cost. KL is not world class yet, hence a fraction of the cost.
Citizenship SHOULD be hard.. definitely money should not be able to buy you one.. I support the Malaysian gvt new regulations..
If you cant pay to stay here, please go somewhere else. Malaysia doesnt owe you a living.
@@davidb2206 No man, there's no such reciprocity. US and Malaysia are two sovereign nations, they have the right to enact or implement policies independently. So basic you don't understand?
You talk like a child, this is the real world. Everything has a price. In Malaysia, as a foreigner, there's a price to pay in fact, it's already very reasonable. If you go HK, you need to put US$4.5mil to be a resident there, so grow up ok? If you can't afford it, means you are not the type Malaysia wants, so, you can go Cambodia, Laos etc.
@davidb2206 No man, there's no such reciprocity. US and Malaysia are two sovereign nations, they have the right to enact or implement policies independently. So basic you don't understand?
You talk like a child, this is the real world. Everything has a price. In Malaysia, as a foreigner, there's a price to pay in fact, it's already very reasonable. If you go HK, you need to put US$4.5mil to be a resident there, so grow up ok? If you can't afford it, means you are not the type Malaysia wants, so, you can go Cambodia, Laos etc.
I'm outta here, David... The locals clearly do NOT want foreigners to integrate and obtain real residency with path to citizenship. The proof is in the pudding. Many believe that MM2H is a residence permit (they don't know anything)😂 Most don't know anything about laws and requirements. This is one of the least receptive regions of the 21st century.
@@davidb2206 Dude. every country in the world has their own right to set their own policies. You believe in freedom right? Just like US set their own policies, so can other countries. It can be any country in fact. There's no such thing as reciprocity in this matter. Your own own congressman also know this, it's called sovereign nations, unless he is a child. :)
Did you say this does NOT apply to those over 65? I do not want citizenship and I do not want to work.
In asia, sorry..no citizenship unless you are a great sportmen, sportwomen, rich businessmen.
Thanks. Quick question:
1) If you're a MM2H holder and govt decides to freeze or stops MM2H, how will you be able to renew your visa after 5 or 15 years? It's like being a tenant and once contract is over, you need to go. Also, you can't apply in a local company or vote in politics. It feels unsafe and risky especially when you're planning to stay there permanently, grow your business and settling down. What do you think about this issue?
2) Also, if your child is born in Malaysia, will he or she be considered a citizen or he will also be considered under MM2H visa? Please explain this as well.
Thanks a lot
The whole saga simply reflects that the Malaysian government is not credible. Look at the One MDB scandal! Retrospective application of requirements to people who already hold MM2H is shameful and shows how untrustworthy the entire program and Malaysia as a country is. You may as well retire in China.
I dont think you can simply retire in china
It is not meant for poor Americans or Europeans. It is meant for rich Chinese, Indians, Bangladeshis, Iranians, Turks and Arabs.
It's not meant for people who want to establish themselves in Malaysia. Period.
@@davidb2206Malaysia is a small nation and will not make enemy with any nations. Malaysia is neutral and friendly with every nations. If Malaysia needs help, it will seek help from every nations.
@@davidb2206
1. Definitely not the IMF or the World Bank.
2. Anyway look at how the Iraqis, the Syruans, the Afghans and the Libyans were helped. Before them, the Vietnamese and the Chileans.
3. The rich and wealthy Americans would move to countries with low taxation in Europe.
@@NomadElite You can always try Paraguay. Good luck.
I saw somewhere that Sabah/Sarawak visa allows you to live in West Malaysia too. Is that true? Could you give more information?
Important thumbnail for your video. Malaysia is a wonderful country with hospitable people. I was in the Sarawk program but left after I saw the economic consequences. I didn't like the idea of your money being held hostage by the state without any guarantee. You will always lose money as soon as you withdraw the money from the bank due to inflation or the exchange rate. A second point is the instability of the program. What is green today may be red the next year. You just can't rely on it. A third point is that the Malaysian government is racist and discriminatory. Immerse yourself in the history of the country. And like you said, people want your money and have nothing else to do with you. As another you tuber says. Go where you are treated best.
All of the above!
Try America. 😅😅
West is declining already, high taxes, LGTV watch it daily, poverty, high cost of living
What is the federal MM2H program for 50+ years old applicants?
An MM2H Agent informed us it will still be announced, they also expect income requirements to be added. Suggest to wait for official announcement
@@FrancoisTcan you give me more information about your MM2H agent ? Do you recommend him/her ?
Change to back door government was to be balmed for the drastic change in requirements in MM2H in 2021 , the new government is pro business and FDI , Malaysia economy will pick up in next 10 years as Asean becomes the main attraction of global investment and maunfacturing
These are some good points to consider - perhaps doing an in-depth comparison of the Sarawak MM2H vs the revised Federal MM2H? The Sabah MM2H is taking f-o-r-e-v-e-r.
Sarawak MM2H for age 50+: bank deposit is RM150K ($32,7xx USD) for single, RM300k ($65,4xx USD) for a couple, minimum annual income is RM84k ($18,3xx USD), minimum stay in Sarawak is 30 days per year - this a 5-years multi-entry visa which is renewable. There are also specific requirements for those who are aged 30-40 and 40-50. Google is your friend.
So, why they want you if not your money?
The Philippines being a catholic country is a plus for SOME people. Not all your viewers are catholic!!!
Unlucky. Catholic/Christian interpret the Word correctly.
The new MM2H is catered for the young wealthy Chinese from China. They requested for PR as they will likely live and die in Malaysia. For retirees (> 50) from western countries, they may likely look to Thailand, Vietnam, Cambodia, Indonesia, the Philippines and possibly Singapore. The young wealthy Chinese is in the category of Top 1% and Top 5% of Amercans’ net worth:
Americans’ net worth
1. Top 5% = USD2,584.130 (2.5 mil)
2. Top 1% = USD11,099,166 (11 mil)
These wealthy young Chinese may also likely end up in Thailand or Singapore.
What about income requirement ?
And spouse age?
If yr bank deposit of more than RM250,000.00 does not cover by insurane is yr concern....you should consider depositing yr money in few banks of not more than RM250,000.00 in each one 😅😅😅
Hi is SMM2H still available? this is more for the retirees wondering if they are still there after the new launched of the MM2H? if you may please clarify. Thanks for your channel.
yes
If you get a Silver Pass, after 5yrs and you have real estate of 500k to 1million ringit depending on area, do you need to replenish the fix deposit upon renewal?
no you don't from what i know, you just make renew application
This video is so right, Malaysia have a attitude of CHURN and BURN also lets say if the path to PR does exist than its a good deal but it never will, we have to understand some key features of Malaysia and their Political eco-system
- The country is heavily influcend by Religious based politics
- Malaysia is not a big hotspot for innovation/science ( however small events and some big flukes does take place once in a while)
- Malaysia has deeply rooted racism
- Lifestyle/infrastructure outside capital is still poorly developed and managed
- Taxes are very high
I will still suggest to settle for Thailand or EU.
Which EU countries do you like?
@@NomadElite spain, Portugal, Italy
Same here! :)
There have been many problems since Indonesia stopped sending foreign workers to Malaysia.
Indigenous people (Malays) are experiencing serious problems because of immigrant workers from South Asia.
And what's quite sad is that Malaysians still blame Indonesia for not wanting to send migrant workers to their country!? 👀
Even though this is not the Indonesian people's fault because they don't want to become migrant workers to Malaysia.
On the other hand, I and most people are more interested in the careers that are being offered by Japan and Korea.
They give us higher wages and more humane treatment!
MAAF MALAYSIA.......DAN JUGA, SELAMAT TINGGAL 🙏🥲🇲🇾💔
Malaysia looking for cow cash and very little in return
Your perspective on the MM3H program seems overly negative and one-sided. Comparing Malaysia to the Philippines and Paraguay may not be entirely fair. It appears that immigration consultancy has become quite widespread.
Malaysia is home to one of the world's least reliable second home programs, the MM2H program. The truth hurts, but Malaysia's flip-flopping has backfired in recent years, forcing tons of capital into other countries.
@@NomadElite no policies in the world can last forever without change, adjustment is not flip flopping
Its only 500,000 ringgit for 5 year mm2h.
Can you spread out 2m/5m among several banks to spread risk? also is there an income requirement? i can't see any....
Those MM2H during Covid probably made a big fuss n lots of lawsuits.
The result is enhanced mm2h conditions
That’s for good we don’t want also later on malaysia full of foreigner than local due to all cheap for outsider due to currency and attract more and more outsider want to live here.
The Government of Malaysia takes TOO LONG to make any decision. The Revised MM2H program requirements should have been announced a long time ago. When they did announce, there were many questions and grey areas. Why have these Questions not been cleared up? Its time the Government of Malaysia realizes we are not in the 80s.......its the Cloud age now. Decisions should be made in weeks not in years.
The leadership tends to flip-flop like crazy, and the past few years have testified to this fact.
MM2H is not malaysia top priorty thats why
To state philliphines is better because its catholic is totally wrong. Malaysians treat all cultures/religions fairly and have given full freedoms and rights. Unlike the west which is in moral decline with increase in islamphobia.
Totally incorrect statement. Institutional racism is strong in Malaysia, just look at which ethnic group is getting the most benefits. So no, not all cultures are treated equally in Malaysia.
@@NomadElitebecause Blacks are treated equally in the States? Stop mocking yourself buddy😅
It makes no sense to explain laws and the Constitution to someone who doesn't understand those! America is doing it better than any other country. Institutional racism has been gone for many decades. The proof is in the pudding!
@@NomadElite doesn't understand what? How post-slavery works? You must be dreaming......
@@NomadElite institutional discrimination should be least of your concern, as guest
yeah, please retire in filipin, vietnam, myanmar or indonesia
My duty is a trust, my answer is a promise, my duty is an order to convey a message of promise spoken by Prophet Muhammad SAW (Al Quran) Matters that invalidate the creed Every Muslim must guard his creed and refrain from doing things that can invalidate it. Every Muslim must guard his faith so that he becomes a pious believer Among the things that invalidate the faith are: Doing things that clearly associate Allah SWT with creatures either through believing in words or actions such as believing that there is something else that has power other than Allah SWT Worshiping other than Allah SWT is like idols and statues Denying the authority of Allah SWT (Uluhiyah or Rububiyah) Rejecting the apostleship of Prophet Muhammad SAW or any messenger sent by Allah SWT, Mocking, denying and disputing any law of Allah SWT. Doing acts that resemble the religious beliefs of infidels such as wearing a cross Rejecting al-Quran and al-Sunnah as a source of Islamic law. I'm sorry as much as I'm sorry for how much money Mr. Ma'am is as tall as a mountain, I don't look at it, it's my duty according to Islamic law, it's not to make a profit and spend it on a project in the countryside, thank you
good luck!
So What's so special about Malaysia ???
High standard of living similar to Singapore but at a fraction of the price. It is also a medical tourism hub especially dental due to the exchange rate which is around US$1 to RM4.60
Higher standard of living than, well.....anywhere in SEA.
Why staying in a country that her official stance is against Israel, systematically and officially established politically policies that discriminate against minorities in the country, keeps reaping from minorities and paying handouts to majority?😊
Malaysia just beautifuland lovely people compare to babie killer. I am from are minorities feels really really really safe compare to isreal minoritis.
@@asia.network5475mean you support terrorism😊
You got that right!
Please make more videos like this, i dont like people keep coming to Malaysia👍
Imagine if you, a Malaysian, went overseas & got charged double to visit the local zoo & tourist attractions because you are a Malaysian. You'd be screaming "racism." Well, that's what the Malaysian government does to foreigners. As for encouraging mm2h retirees to buy homes in Malaysia & then denying them reentry to their own homes, that's just plain dishonest. Where are they supposed to go? Shifting the goalposts makes Malaysia look backward & kleptocratic, not a good look. As for citizenship, Malaysia, freely allows muslims from Bangladesh & other countries into the country. Some of these folk contribute a lot less than middle class mm2h retirees from wealthy countries. Take your pick & deal with it. Hope you are enjoying the Rohingyas, many of whom have easily obtained PR on account of their faith.
Not only to foreigners, they doing it on local minorities as well, there are different prices in property for majority and minorities, and minorities have to pay higher prices, not the other way around 😊
@@forytube4998 Corrupt, unfair, backward. Who's going to deposit 5m I to a system that does that to its own people, let alone foreigners?
@@secrets.295hypocrisy of occidental country, "do what i Say ! Don't do what I do!"
Your jealousy about the rohinghas who have Lost everything is disguting.
The Phillippine is US colony Thats make her very good compare to Malaysia.
No money no talk
No money no honey
It's to much $$$$$$
And now you need income hmmm ...tax tax tax tax
Who doesnt! Most of the golden visa in europe also want your money not you!
That is so incorrect. In Europe, you get real permanent residency with a path to citizenship, and you can own all properties WITHOUT restrictions. We're talking about two different pairs of shoes here, my friend. 😎
Seems like many ASEAN countries just want your money to boost their economy and not prepared to offer PR or citizenship.
@@NomadElitewell.. thing are different here.. please respect it
All Palestinian are welcomed thru.....MM2H
And rohingya