MALAYSIA MY SECOND HOME (MM2H) PROGRAM

WHAT IS THIS "MALAYSIA MY SECOND HOME" (MM2H) PROGRAM?

Malaysia My Second Home program is open to all foreign citizens wishing to retire or reside in Malaysia on a long term basis. It is fully endorsed by the Government of Malaysia and your immediate family (spouse and children) can also participate in the program. Here are some of the key benefits of the program:

• You will get a 10-year Visit Pass and Multiple-Entry Visa (renewable every ten years) which will eventually give you a lifetime easy access to the country (perpetual visa).
• You can import your car or purchase a new car, tax-free and enjoy other tax incentives.
• You can invest and own businesses in Malaysia. This is like owning a second passport, or a second citizenship in Malaysia. 
• You can enjoy a luxury lifestyle at a fraction of the costs. It is the cheapest and very affordable place to retire early.

The best thing is that you still retain your citizenship and all its privileges in your own country. You can always go back if you miss having to wear 5 layers of clothing and thread through a thick snow at some 20 degrees below zero just to get your mail from your mailbox, or miss pushing your car to the side of the road during heavy snow storm due to frozen fuel line. But for us, if we want to experience cool air, we would just take a one-hour drive to Genting Highland, which is located few thousand meters above sea level, or hike up to Mount Kinabalu, the highest peak in South East Asia.

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WHY MALAYSIA IS THE BEST PLACE TO RETIRE?

Malaysia, situated in the heart of Asia, has one of the highest standards of living, yet maintains cheap cost of living. As an example, a burger from a well-known fast food restaurant in the UK costs around £5.00, which translates to about RM35.00 (conversion rate £1.00=RM7.00), where the same burger in Malaysia would cost you only RM7.00! It is even cheaper if you try local Malaysian cuisine. 
 The table below gives some more indications on the living expenses in Malaysia. 

Malaysia also has world-class highways that connect all the States in Peninsula Malaysia, modern urban transportation systems that make traveling to the city a breeze, and has among the best medical facilities in Asia. Here are a few other reasons why Malaysia is the best place to retire:

• blessed with warm moderate weather all year round.
• superb healthcare facilities and highly-skilled medical practitioners. Yet medical expenses and insurance can be very cheap and affordable compare to other countries. 
• great education system. It also has many international schools to cater for expats children, and numerous colleges with affiliation with well-known overseas universities.  
• big shopping centers that have international brand names as their tenants, as well as street malls that carry cheap local products.
• for golf enthusiasts, Malaysia has many championship-level golf courses, and very competitive golf membership rates.
• a majority of the people understand and speak English.
• due to its location at the center of South East Asia, air traveling to neighboring countries only takes a short time. 
• lots of interesting places to visit, mountains to climb, caves to explore
• a large variety of food, cooked in a lot of different styles that have been influenced by the various cultures that exist in the country (Malay's satay, Indian fish curry, Chinese's Dim Sum, Tomyam from Thailand, etc). In fact, most types of food in the region are available in Malaysia, and they are cheap too!
• low crime rate, and highly efficient Royal Malaysian Police
• cheap insurance rate as the people are not as litigious as in the West
• very friendly people

Many people are here for its golf courses, property investment, shopping centers, and food. Here, your money goes a long, long way!  In fact, people from Singapore came in droves to Malaysia to do their weekly groceries shopping. And many people who have made the smart choice of retiring in Malaysia can afford full-time housekeepers, gardeners, and cooks!

WHEN IS THE BEST TIME TO PARTICIPATE IN MALAYSIA MY SECOND HOME PROGRAM

NOW is the best time to take up this opportunity. The longer you wait, the longer the queue and your dream home may be further away from the best spots. Here are some of the reasons why you should take up now rather than wait at a later stage:

• This is a new program introduced by Malaysian Government to promote Malaysia as the best destination for vacation, shopping, retirement and investment. The Government has set a quota for the year, and we anticipate a lot of people will grab this opportunity.
• Get the best spot before it is all taken up. Grab the opportunity to own a beach front bungalow, or a condominium located at the city center, before they are fully booked.
• Price of properties are very cheap and affordable during this period.
• Favorable stock market condition. Malaysian stock market is recovering from a slump for the past few years, which means that this may be the best time to invest.