Often touted as Asia’s Panama, Malaysia has low living costs, retirement benefits, and quality healthcare that are much like the country’s Central American competitors. It’s also safer.
Malaysia’s government has declared the nation to be on track to become a “first world” country by 2020.
The Malaysia My Second Home (MM2H) program offers retirement incentives such as long-term residency status (usually a 10 year ‘Multi-Entry Social Visit Pass’) and breaks on car imports and purchases. Applicants must meet strict financial requirements:
- Either in terms of lump sum capital assets
- Or guaranteed monthly income (from something like a State Pension)
But, for most, such requirements are easily met.
The Social Visit Pass is initially for a period of ten (10) years, and is renewable.
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