After endless months of correspondence, emails and sample documents, the time for Diane and I to file our MM2H Application is finally arriving next week. Technically known as “Malaysia My Second Home”, the program is a government sponsored plan that allows applicants unlimited entry in and out of Malaysia for ten years, renewable indefinitely. Although not the same as residency, the program is mostly designed for middle class folks that want to live or retire time in the country but not work. Limited opportunities are available for those wishing to engage in certain business activities but that requires special permission and extra paperwork . With an application requiring almost 100 pages of backup documentation, Diane and I don’t see ourselves starting an online enterprise anytime soon anyway. (For those interested, there is a 20 hour per week work permit for main applicants age 50 and over but only in certain sectors subject to government approval).
Considered one of the better programs for expats searching for a warm climate, stable government, low crime and high standard of living, the MM2H Program has been mentioned many times in notable financial publications along with other countries like Ecuador, Costa Rica and Panama. Offering benefits such as exemptions on import duty for vehicles, unlimited opportunities to buy property, education for children in public or private schools and even a foreign live-in maid, there are other countries that offer even more (Panama is probably the world’s best) but Malaysia makes a perfect base for exploring Southeast Asia at a fraction of the cost when compared with other expat destinations.