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Retiree, thai visas if under 50?

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Maleisie have a nice program to stay there calls second home program

http://www.mm2h.gov.my/

Thank you! It is certainly very very interesting.

I really like malaysia, first world financial infrastructure. Law and order, but not as Orwellian (think1984)

as Singapore. Interesting cultural mix, indian, chinese and brittish. The muslim malaysians

keep the chaotic indians in check. Funny pidgin-english!

God selection of wines and beers, though high alcohol-taxes. Excellent communications to Europe.

Strict narcotic-laws. Partially good, reduces risks, establish addictions. In Thailand i is very easy to get used drinking strong Singhas, sangthtips, in PH San miquels and their local Gordons Gin.

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  • Author

Maleisie have a nice program to stay there calls second home program

http://www.mm2h.gov.my/

(Wikipedia) Financial requirement[edit]

Applicants below 50 years old are required to open a fixed deposit account in Malaysia of MYR300,000.00 at any bank with a local branch. This includes local branches of international banks such as HSBC, Standard Chartered, etc.

After a period of one year, the participant can withdraw up to MYR150,000.00 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes. However, a minimum balance of MYR150,000.00 must be maintained from the second year onwards and throughout stay in Malaysia under this program.

Applicants 50 years old and above can either choose to:

  • Open a fixed deposit account in Malaysia of MYR150,000.00 with a local branch; OR
  • Show proof of monthly off-shore government pension of at least MYR10,000.00.

Note : In addition to the above, all applicants are required to show that they have sufficient funds to maintain themselves for the duration of the 10-year visa. In practice this means showing at least MYR150,000 in the bank, and a monthly income of MYR10,000.

After a period of one year, the participant who fulfills the fixed deposit criteria can withdraw up to MYR50,000.00 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes. However, a minimum balance of MYR100,000.00 must be maintained from the second year onwards and throughout stay in Malaysia under this program.

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Well, I fall somewhere in between the age, income or cash-deposit conditions. Some of one option, some

of the other, 2/3 of the income-option. (though most pensions are way less secure long term, than

the one I got. Especially if paid by ex-employer that might go bankrupt)

Really do not like to lock-in cash funds long term, huge alternative-costs. Preffer stocks for

long term investment. If safe financial-system, lower dividend taxes, maybe investing in

Malaysian-qouted shares cold do it. Some of the larger banks got interesting bussiness in

difficult-to-invest-in countries like Vietnam, maybe Burma, Laos, and muslim Indonesia. (off-course)

Do not how much flexibility Malaysian immigration got. Law seems to be taken serious in Malaysia, so maybe no adjustments, negociations. But, maybe visa-programs are not strict laws, it just provides some basic frames. (?)

Thailand used (?) to have a similar programme a few years ago, when I checked last time. deposit 25 k usd, get long-stay visa. (but no 10 year residency). Since the durability of that programme what questionable (the financial crisis in

west might have made some goverments soften financial-requirements for long-stay)

So, I did not trust that Thai visa, I disregarded the possibility, now western stockmarkets

have risen a few years, Thailand tighten up. I guess Belize might or already have, tighten

up, because of better financial climate in the US, and the UK.

This forum is really a great source for info!

Malaysia's financial requirements are set and specific.

in europe we call it maleisie but you understan it so thats good :-)

In some non English speaking countries that may be true -

Not everyone understands "europe" is that even a Language?smile.png

Maybe in Holland they speak 'Europe' wink.png

I think that's some kind of Hollandaise mix

(up).

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