& Benefits * Health Care * Culture
Retirement in Malaysia: from becoming a resident to enjoying Malaysia
culture and its many tourist
Visa Requirements & Malaysia My Second Home Program
If you have ever considered retirement in Malaysia, you will have heard
about the "Malaysia
My Second Home"
Program (MM2H). Once qualified for this
Government initiative, you'll be issued with a multiple-entry social
visit pass, valid for 10 years initially
with a renewal
Apart from a medical report from a clinic or doctor in Malaysia and a
valid medical insurance policy, the requirements for the program are
mainly of financial nature. Depending on your age, you need to put
($44,000) and RM300,000 ($87,000) into a fixed deposit account
year, you can withdraw a certain amount, but only for approved
expenses, like buying a house or funding your child's education.
On top of that, you need an offshore
income of at least RM10,000 ($2,900) per
. For retirees over 50 years of age with a state
pension of at
least RM10,000 ($2,900) per month, the fixed deposit requirement is
do you get under the MM2H program? You can import household effects and
one vehicle duty-free, or purchase one car locally tax free. Your
pension or other income remitted into the country is tax free. And you
don't have to pay tax on interest from your fixed deposit if it stays
for more than 12 months in the account.
Compared to most of the
Central and Latin American countries in our top 10 places to retire,
the financial requirements for retirees are high in Malaysia, and the
So, what other options
do you have if you want to stay longer than three months in Malaysia
or if you
want to work there? You could leave the country every three months and
come back on a social visit pass. But Malaysia is quite stringent in
its law enforcement against illegal foreign workers, and you might face
detention or deportation.
No need to dispair yet, there are a few legal options as well.
Applications for all
'passes' listed below must be made before you arrive in the country and
require a Malaysian 'sponsor' who agrees to be responsible for
maintenance and repatriation of the applicant, if necessary:
Pass: to take up employement for at least 2 years and with
a minimum salary of RM3,000 per month.
Pass: for spouses and children of Employment Pass holders.
- Visit Pass
(Temporary Employment): to take up employment for less
than 2 years or with a salary of less than RM3,000 per month.
- Visit Pass
(Professional): for short term contracts with an angency
in certain professions, like artists, researchers or volunteers.
- Student's Pass:
to study in any educational institutions approved by the Ministry of
Healthcare in Malaysia
Despite a shortage of medical staff in remote areas and a general lack
of highly trained specialists, healthcare in Malaysia is
considered as one of the best in the region
healthcare system is divided into a public and a private sector.
only have access to the private system, which means you either have to
pay your medical expenses yourself or you get a prviate medical
insurance. You have the choice between local and international
insurance providers. Use the services of international insurance brokers
to get the best deal for your needs. PacificPrime.com for example does
not only offer free quotes, but also provides country specific travel
tips and hospital lists.
A great resource to find and compare
private hospitals in Malaysia is the "Association of Private Hospitals
of Malaysia". Their web site features 35 hospitals in Malaysia,
complete with location maps, facilities and services and - for some of
the clinics - even the room type and rates.
Rates for a single room
in a private hospital start at RM150 per day ($43)
. If you
are prepared to share your room with one other patient, you'll pay as
low as RM100 ($29).
tourism and health travel is big in Malaysia too, with even the
Ministry of Health promoting it via a dedicated web site. So, if you
ever wanted to get that face lift, why not do it in Malaysia, and save
about 75% compared to the costs in the USA?
Malaysia Culture & People
If you ever wanted to not just
watch, but be part of religious festivals across various faiths,
Malaysia is THE country for you. And with 14 national public holidays,
plus a few more on regional level, you'll have plenty of opportunity to
The people of Malaysia
are a mix of three main races
Malays (mostly Muslims), Chinese (mostly Buddhists) and Indians (mostly
Hindus). Add in Eurasians and more than 50 indigenous groups from Sabah
and Sarawak, and you'll have that multi-racial society whose social
integration has become a model for the rest of the world.
During weekends, you can enjoy
such as Bangsawan (traditional Malay theatre), Nadagam (traditional
Indian theatre), Chinese opera or the famous Wayang Kulit (shadow
puppet play) for free at the riverside amphiteatre outside of Kuala
Lumpur's Central Market.
The Central Market, located next to KL's Chinatown, is said to be a
treasure trove for traditional
Malay and Asian arts and crafts
such as colourful batik, handcrafted kites, pewters, rattan or sago
palm baskets and intricate wood carvings. Don't forget to bargain -
especially towards 10pm, when the market closes, sellers might be
willing to cut off as much as half of the original price.
you prefer bargaining at sidewalk stalls, bazaars and night markets,
called pasar malam, or strolling through air-conditioned, multi-story
shopping malls, Malaysia has it all.
What about outdoor
You could participate in kite-flying competitions, or learn to play
'Sepak Takraw', a popular sport in Malaysia, resembling volleyball,
only that it uses a rattan ball and allows players to only use
their head, chest, feet and knee to touch the ball.
could become a spelunker and explore Malaysia's many caves with their
unique flora and fauna. The Gunung Mulu National Park caves in Sarawak
are not only a UNESCO World Heritage Site, but also feature the world's
largest single cave chamber.
For your retirement in Malaysia, learn about Cost of Living * Climate
* Infrastructure & Internet Access
For your retirement in Malaysia, get the facts about Education
& Schools * Safety * Real Estate
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