Malaysia's
MM2H, also known as Malaysia My Second Home, i.e. Malaysia's Golden Visa, is a distinctive scheme that has been a magnet for retirees and everyone who's been harbouring expatriate aspirations worldwide.
Inclusive
MM2H has been praised for its inclusiveness, welcoming citizens from every single nation. Since its establishment in 2002, it has granted approval to over 50,000 applications, marking it as one of the most sought-after investor visas globally.
The MM2H visa presents a compelling proposition for expats and retirees to settle in Malaysia, on a part-time or full-time basis. It's a harmonious fusion of the familiar and the exotic, with its deep-rooted history as a former British colony and its multicultural population of Malay, Indian and Chinese communities.
This cultural amalgamation lends a unique allure to the country, showcasing a diverse range of architecture and gastronomy.
Low Cost of Living, High Disposable Income
Malaysia is a country that effortlessly captivates the heart. Its capital, Kuala Lumpur, is a contemporary, efficient metropolis that provides a top-tier environment for business. The cost of living is considerably lower than in many Western
and Eastern countries, with an estimated monthly expenditure of around $1,500 in Kuala Lumpur, the capital. This cost-effectiveness extends to other facets of life in Malaysia, such as education, transport and healthcare, each of these being of enviable quality yet still being very affordably priced.
Bang for Buck
This is a recurring theme when it comes to Malaysia. That's to say, it's developed, it's advanced, yet it's still offers very affordable price point across the board. Malaysia, in short, is nothing short of superb bang for your buck.
The country's geographical positioning is another significant attraction. Nestled in the core of Southeast Asia, Malaysia serves as a nexus for travel within the region. With the primary hub for airline carrier Air Asia situated here, major Asian cities are merely one or two hours away. This convenience enables expats to traverse the region with ease, be it for business or leisure.
And then there's Singapore, just across the Causeway!
Outdoors Activities Galore and Paradise Islands
The lifestyle in Malaysia is one that resonates with many expats. The country's climate is tropical, adorned with stunning beaches and verdant rainforests. For those who relish outdoor activities, there are ample opportunities for jungle trekking and exploring the region's natural splendour. The country's islands consistently feature in the top 10 best lists in various global surveys.
The gastronomy in Malaysia is another standout feature. Street food here is acclaimed as some of the finest in Southeast Asia. The varied cultural influences in the country have given birth to a cuisine that is diverse and delectable.
Tax-Free
In the realm of taxation, Malaysia extends appealing incentives for expats. The country operates a territorial tax system, which implies that income sourced from abroad is not taxable. It's clear that this can lead to substantial savings for those who opt to make Malaysia their second or first home.
Favorable Currency Exchange
The currency exchange rate is another aspect that renders Malaysia a desirable destination for expats and retirees, who want to stretch their purchasing power. The Malaysian Ringgit (MYR) typically provides favourable exchange rates against major currencies, making it more economical for expats to reside and, indeed, invest in the country.
The bottom line is thas. The
MM2H visa provides a splendid opportunity for those aspiring to experience life in Malaysia. With its very cost-effective living, superior healthcare, beneficial tax system and rich cultural diversity, it's hardly surprising that a multitude of expats have elected to make Malaysia their first and second home and continue to make Malaysia their first and second home.
