Tag Archives: red tape

MM2H Update: Reconsidering Thailand; Visa issues intensify

Financially speaking, moving from the USA to Canada in 2001 was a very smart move, assuming the bulk of your assets were in US Dollars. Luckily, Diane and I left California for Calgary soon after we met during the weakest stretch for the Canadian Dollar in over 50 years. Exchanging one dollar meant receiving back almost $1.58, saving us almost $20,000 on the down payment of our first house. Conversely, when we sold the house for double what we paid only six years later and moved back to California, the Loonie (Canada’s currency) strengthened so much that we received about $0.93 US back for every $1.00 Canadian. Had it remained the same, it would barely have made sense to sell.

stacks-of-red-tapeRecently, I posted about the Malaysian ministry enforcing stricter income verification policies for MM2H applicants that might potentially spell trouble for Americans. Issued as a ten-year social visit pass renewable indefinitely, the MM2H is an attractive long-term visa not requiring any “visa runs” like neighboring Thailand, albeit with more paperwork and much larger financial requirements. Navigating the tedious procedure and emailing Joy-Stay, (our agent) for six months now, I’m thinking we may have finally hit a patch of bad timing through no fault of our own. Almost too coincidentally, an ambiguously written notice from Bank of America arrived last week describing what sounds like a mass consolidation of bank branches that might be a nail in the coffin for the ministry’s “verification letter” from our financial institution.

Continue reading