I like to move to Malaysia, but not sure if I am eligible under the new MM2H. I have a lot of equity and crypto, and my income from the yield of that is very irregular. So would I need to prove income, and if so: how would I do that? Or I can just show that I am wealthy enough and put a large sum in a bank account for MM2H and be ok?
No. I tried several times. Short of marrying a Muslim woman there and dying a premature death like so many of my colleagues who did, it is next to impossible unless you are willing to splurge on bad business investments or overpriced, foreigner designated real estate, it is a no! Say no to Islam!
5:30 - I hear this comment repeatedly. Malaysians are some of the NICEST people I've ever met. I've traveled a fair bit. I can personally attest to it as well.
I can't find any other places on earth more comfortable than in Malaysia, weather, food, affordable rental, affordable fuel price, nice shopping malls, cheap movie tickets, beaches and etc.
The reason why you felt Malaysian bureaucracy a breeze is because they're extremely racist. Malaysian govt officials treat you 1st on the basis of your nationality and origin 2nd on the basis of your skin color. In your case, you fit in their perfect sweet spot because of your American origin and your white skin color. Unfortunately for many of us as ex-pats who have darker skin tones and belong to regional nationalities, their behavior is the worst. I spent 8 years in Malaysia and while I say Malaysians are generally very friendly and loving people, dealing with the Govt officials was always a dreadful experience. I was never an Illegal resident, paid as much as 24% of my income in Taxes yet was treated awfully because of my skin color and nationality. Malaysians are not Racist, they're loving and accepting. The politicians of this country however survive by inciting racism among its public. Those of you who don't know even for Malaysians themselves there's a different treatment criterion for every race. Malays are the first priority, then comes the Chinese, and then only the Malaysian Indians. If you ever get a chance of visiting one of their govt hospitals you'll see they have this class category for their own citizens and then only there's a fourth class category which is for foreigners. Hearing about news coming out of Malaysia about some absurd visa changes isn't really a surprise if you happen to know the internal politics of the country.
Thanks for the background and insight epsecially "the politicians survive by inciting racism among its public". Apart from the categories at hospitals you mention, in the foreigner category, there's an further unspoken hierarchy with levels of acceptable 'foreignness'. I don't think I'm overreaching... I'm guessing that another layer to this is to prevent too many non-Islamic north Asians from entering, regardless of whether they are from the PRC or not.
@@planetnomadicpersonal I think that's fairly subjective to personal preference. I felt that their preference is tilted more towards non-muslim asian foreigners. But that too isn't a huge factor I'd say. As it hardly effects your day to day life in Malaysia. Your passport color actually matters. Show govt officials your blue passport or a maroon passport and they'll even wash your toes. A Canadian Muslim colleague of mine submitted his passport for an employment pass and he got it in 21 days. I however got mine in the same category in 6 months and had to provide a ton of more papers than he did for his visa application.
Do you think Singapore is the same? I had an interesting experience when I was working in a Singapore shipyard. I'm Caucasian by the way. About seven years ago, I supervised a team of six Malay Singaporeans on a 2 month contract. Early in the project I asked one of the team members to arrange for a container to be craned up to the ship. He came back after an hour and said, "Andy. You have a white face. It'll be quicker if you do it." Sure enough he was right. One month into the contract, my team were denied entry at the security gate. The Malay Singaporean security demanded to see their contracts, insurance documents and other paperwork. I was allowed to pass through without showing these documents. I explained that we're all part of the same team. The respond from the security guard, word for word: "Don't you compare yourself with them." I was astounded. My team and the security guards are both Malay Singaporeans. One the guys in my team explained it to me. He said, "In Singapore, Chinese and whites are at the top, Malays in the middle, Indians at the bottom." I noticed more and more how the class (or caste) system worked there.
Malaysia lockdowns were very strict. It sounds like you were not there during most of that time. If you only want to spend a few months each year in Malaysia, then you should just use the 90 day visa on arrival, which is totally free. You don't have to invest 1 million ringgit.
Very good points. These SE Asian strict lockdowns have soured me on these countries. I did like them before all of the tyranny. The scamdemic has shown a light on the Nazi tactics of many places. Not that the USSA is much better. Might be better off in the former Eastern Bloc countries.
I have a strong hunch for these countries with deep ties to China...similar to blue states in US.. Decoupling cannot be done overnight and vaccine trades will fill the gap for a while..
I like how good you are adapting to the different cultures and not getting offended easily. I find amazing how you can explain it with a practical perspective.
Andrew, I've been a MM2h holder for the past 7 years and yes I can meet the new requirements. But what I have an issue with is the way we the MM2h visa holders were thrown under the bus. They promised auto 10 year visa upon renewal that's why I bought a condo , car etc. Will I stay ? Like they say in Malaysia "What to do lah" Looks like I'll the only MM2H holder in Malaysia! As of yesterday looks like the govt is going to close the Sarawak MM2H loop hole. According to the TEG Expat magazine survey 95% of the MM2H holders do no qualify on the new policy. I feel for them, they bought property etc. Thailand Elite visa is going gang busters now. Like you say "Go where your treated the best"
This channel was great, until it wasn't. We too also have Sarawak MM2H for past 5 years which allowed us to buy a condo in Johor. What Andrew doesn't talk about here is the issue of "Trust". You and I and all of the other _EXISTING_ MM2H holders had a contract that gave us 10 years (or 5) renewable. Now, that is gone. This is a trust issue with all "pay-for-residence" programs. The MY changes expose the Fact that none of the International "pay-for-residence" programs can be trusted. Even if we could meet the new requirements, we would be stupid to do so now. What stops MY from modifying the new MM2H again Tomorrow?? Where you need $5M donation? Or next week it's $100M deposit? Without Grandfathering existing MM2H holders. Then, one of the MY officials said (paraphrasing) regarding the affect of new MM2H on real estate values: "...oh, of the 50,000 MM2H holders, only 10,000 own property, and if all 10,000 have to sell it won't impact RE values, so its really no big deal" It is a Big Deal for those who trusted MY and their MM2H. The way I see it, residency programs are dead. In order for one to "go where they are treated best" one needs hard citizenship. And even that is suspect.
@@timmyhiggins5220 It's an American slang term that has been around for almost 100 years. Back during American prohibition (illegal to buy/consume alcohol - between 1920 and 1933), illegal sales of alcohol were performed by organized groups of criminals...or gangs. The law enforcement, especially the Federal Government would try and shut (or quickly bust up) these gangs down *_as fast as possible,_* thus the term gang busters. And interestingly, the term "busted"; when law enforcement arrested someone is still commonly used today.
Thailand, seriously!? The place fluctuates daily but the fact you aint Thai never changes and that being the case, youre a benefactor here if you try and be involved in any way, nothing more from what Ive seen, i would not invest in a pushbike let alone a property there. How can you ever have peace of mine with regulations as they are is beyond me...
I feel sorry for you. But after 7 years in Malaysia, hadn’t any of your local friends told you what clowns have been running the government for the last 6 decades (to put it very mildly)? You only have to follow the local papers for a few weeks to discern that this is a bunch of people who are woefully devoid of common sense.
I agree that the niceness of the people is a big factor. In my own experience, the Japanese have a very high level of decency, making it a pleasure to be in Japan.
Asia has a “benevolent king” mentality. So true. Most citizens of countries in Asia have that deeply embedded unconscious dynamic with authorities, no matter how they are upset and resist, the majority still mostly comply and go along in the end.
So so so fkn true! Philippines, Japan, Korea, China, Taiwan.... All do exactly as they are told. You just don't see any of this covid lockdown protests for example.
So so so fkn true! Philippines, Japan, Korea, China, Taiwan.... All do exactly as they are told. You just don't see any of this covid lockdown protests for example.
I'm glad I'm not the only one noticing! I've commented before that Asians tend to be very pro government and obey all authority because that is how their culture has raised them. Look how far they have fallen, from samurai warriors to ball-less men who won't stand for their rights.
At least Asia is open and getting back to normal for people who live here, even if tourism is dead. Meanwhile the west is stuck with a bunch of morons who won't get vaccinated, so they lost their dine-out privileges like the children they are. Being triggered by masks really takes somebody who deep down, is upset by their lack of authority in life. They resort to "I don't wanna!", stomping their feet, and embracing their borderline personality disorder. All because they have nobody else to boss around or rebel against except mask orders during a pandemic
I am a U.S. citizen and considering retiring in a few years. I was very interested in spending some time in Malaysia after the retirement. Even though I can meet newly imposed finical requirements, I hesitate to commit non-U.S. dollar denominated cash assets for a prolonged period and bring on unnecessary FX risk. In addition, I felt the new policy was unfair to the people who took MM2H visa and retired over there for many years. As my understanding, you are a businessman. I wonder if there is a moral responsibility to help people to relocate to a fairly stable political environment.
Heyyy Good day fam, If you’re in the United States, Europe or Asia, I could show you how to earn about $4,000 dollars a week with your cell phone and save yourself the stress✌🏻
I was considering the same last several years and now when i was ready they threw the Bomb shell. Like you said i can qualify under the new program but not willing to park 250K in the bank when i can make a 5% return with defensive investment. If the 250 K bank investment is taken off i am ready. Otherwise i can always stay 90 days get out and come back for another 90 day stay. Also i can shuttle between a low cost country like Portugal, Malaysia and may be Eastern European country like Croatia, Serbia, Bulgaria and not have to deal with Taxes from abroad and Uncle Sam in US
I wouldn't hold my breath on their coming 'back' to their senses if historically they had consistently demonstrated they didn't have any to begin with. Proof of the pudding et al.
Now Nomad Capitalist and Malaysia government are aligned. You need 8 or 9 figure income to qualify (is that the slogan?) . But Andrew - this is not what Malaysian government is saying. The abnormal increase in financial benchmark is attribute to encourage quality applicant ? So more money = more quality ?
The “Malaysia banks are strong” but maintaining a fixed deposit of one million Malaysian ringgits under the MM2H new requirements, a currency that continually losing its value over the past number of years is not reassuring to any investors.
Andrew doesn't actually have MM2H. He flies in on a tourist stamp and flies out on the same, that's why he can be so smug about everything. and how do I know he doesn't have MM2H? He told me at Hotel Istana, in Kuala Lumpur last year. He was drunk and went on and on about various airlines and their first class seats. He then explained how he didn't need MM2H when he just flies in via first class. And if I'm lying then I challenge Andrew to prove he has MM2H... How did he even get it for a US passport, but then renounce his citizenship for another passport WHILE keeping MM2H? MM2H is tied to your original passport.
The new program is horrible. I don't see anyone taking advantage of it unless it is dramatically changed. You would need a minimum of 4-5 million USD in interest/dividend generating assets to get the $115,000+ monthly income requirements, and you will have to dump 250k into Malaysian bank that pays 1% (further creating problems for your cash flow). And the duration of the pass has been cut in half to 5 years. They clearly don't want foreigners coming in anymore, save for a small handful of very wealthy
@@iamgreat1234 it's due to the massive amounts of upper middle class Chinese who are diversifying and fleeing the CCP. Over 80% of houses in certain new neighborhoods are being purchased by wealthy mainlanders.
@@SaintNyx you would think that the authorities could simply approve applications on an individual basis, or control for that. When 50,000 foreigners sell their property, fire their housekeepers and staff, and dump the properties, it is going to be bad for Malaysians
It seems silly to give such a large amount of cash to a government for a visa. Meanwhile, inflation from that 3 trillion USD printed is dwindling away your funds with a government.
That is a key point, the people don't change, the governments institute change. The people are great around the world. Maybe this Bitcoin stuff has a future:)
Talked to a Malay friend who works for the gov, word has it a lot of officials are pushing for MM2H to be relaxed as they will lose bucketloads of investment money, stay tuned.
I agree that the niceness and open attitude is very important; it can be hard to network and do business when everyone has a very closed-minded stuck-up attitude and won't give you the time of day. Some successful, even when they are very successful, work much better for insiders than outsiders.
I love Malaysia. First career was there. Got married there. But I don't agree for once. They have done really bad with not allowing mm2h back and the new rules. I would have done it with the new rules. But the not allowing mm2h visas back is a deal breaker, during covid.
I was considering having Malaysia as a second place (I live in Tbilisi), spend maybe 2 months there, but now it is just a little too much. I really wouldn't mind a 30 or even 60 day requirement. I think they just want more people to make Malaysia their primary place, and not their secondary, but ow well.
@@jakartafinance9389 I personally like it, doing any sort of business here is also super easy. One year visa right of the bat, and its also easy enough to get permanent residency. Also there is no police state, you'll certainly feel a lot freer here than in current Australia -while there was a bit of police brutality in the 2019 protests.
@@timmyhiggins5220 I was expecting a laugh emoji. Seriously, it's not known for advanced cardiac/ trauma center like Thailand but dentists are top notch.
As a Malaysian, I'm saddened by this change that disproportionately affects such a small percentage of the population. Even if my country wants to have greater requirements to further get more MM2H holders to further contribute, the asks are quite unreasonable for most middle-income individuals and it would be better if the requirements were placed more in line with middle-income individuals who would be more likely to stay and contribute to the local economy rather than just wealthy investors who would treat the country as more of a vacation stay country. A monthly income just above our mean income of RM 28,000 or 30,000 that is also inclusive to income within the country and a more flexible deposit plan for those over 50 with or without income would serve the country much better than the current rule set forth by the system. Our country is beautiful, inexpensive for those abroad, and has so much potential in attracting a number of middle income people who would like to live in an uncomplicated and relaxed place in the world such as Malaysia. We have out fair share of problems, that's undeniable but our progress in trying to address them is far more than any other large Southeast Asian nation. I hope my government reconsiders the programme requirements to make it easier more applicants to be eligible.
Hi Ng, thanks for your comment, I couldn’t believe how inexpensive it was, a beautiful country with very kind people and delicious food! It is incredibly attractive for so many foreigners, and one of my favorite Asian countries. I personally have a bit of money I would love to spend in my later years in Malaysia, can you give me any recommendations?
I would no longer consider the MM2H program - it's not necessary if one wants to live the trifecta lifestyle, especially if one has a tier A passport. Yes, MM2H may grant entry into Malaysia under the current circumstances, but I dont think the cost is worth that benefit.
I have the money to qualify for the new program requirements but I just don’t think it’s worth it because I find the country pretty boring besides the people being very nice, it is much more fun to be in Thailand.
A smug video, Andrew... A better theme would be: Should the people that Malaysia wants, actually want Malaysia? (Or do they have better choices and value elsewhere in SE Asia anyway?) And for the Unwanted, what other options should they be considering, inside and outside Malaysia?
@@timmyhiggins5220 I have only visited there. But I have lived in Thailand and now Mexico. So what would be current choice in SE Asia, if I could ask you that. And why?
@@miken4591 , because you don't what the long term effects might be. The pharmaceutical companies have a checkered history of harming people with their drugs. Even FDA approved drugs have been recalled after many years when it turned out that they caused a lot of damage such as heart problems. The pharmaceutical companies are indemnified from liability for these gene therapies. If they were so safe, why do they need indemnity? The latest results out of highly vaccinated populations like Israel show that these vaccines lose efficacy rather quickly. This could result in the need for boosters every 6-12 month, possibly indefinitely. While there are some really horrific side effects from these vaccines, it's a very small risk. But does that risk increase with every booster? If you're not over 60 and in good health, there's little risk to you from covid. As time has gone on, doctors now know how to treat it better. There are good treatments for it that, especially if started early, can save people from dangerous symptoms. And if you get sick from covid, your natural immunity is multiple times more effective (14x if memory serves) at protecting you from future variants than the vaccinations.
You need to consider a lot of those mm2h er are retirees …. Who took long term planning decisions based on program . Are you are one of those 8000 violators or one of the quality new applications ? ! Yes the people there and living there is wonderful but the lack of transparency and unfairness to the existing current mm2h holders deserves some more consideration by you . Not all your followers are 30 -40 multi millionaires nor military generals from Myanmar trying to park their wealth elsewhere .
Ok just crossed Malaysia off my list, I was pursuing purchasing a vacation home in KLCC, almost put my deposit in 2020 but covid came. Was also excited about the original MM2H program Not anymore... Originally told lots of investors from Taiwan and California about MM2H and talked up Malaysia as a good investment country....now I'll update them to tell them to take their money elsewhere.
Hi can you tell us why? I’ve been all over Asia and Malaysia is probably my favorite country, so I’ve often thought about relocating there. Why wouldn’t you move there anymore?
@@alex6677 The govt changed the MM2H program a few months ago. The requirements are overall 400% harder requiring a lot more capital the requirement is now 6x more capital in a Malaysian bank than 1 yr ago, a lot of expats are leaving or have left due to new rules. The govt is getting racist, xenophobic and anti foreigner lately with their legislation and the overall mood Unless you consider moving to Sarawak which has its own set of rules that are similar to the existing MM2H...but I dont want to live there. They are now also going to tax foreign income. Read up on all the new rules...there is a mass exodus out of Malaysia now of Foreigners.
Its an unstable program. All you have to do is wait till they have over-built condo developments at the $250k level and they reduce the threshold to reduce the overhang. Then you can get into the MM2H through their need to reduce the over hang (especially on langkawi). When property becomes over built..all requirements are flexable untill things stablize. This will probably happen in Turkey as well. Both governments are unstable and continually cause financial instability.
For clarity to the people who would like to live in Malaysia you should explain that there is a lot of businesses and licences you cannot get as a foreigner and for the one you can get you will need a partnership with a local . There is some exception when you setup an offshore company which can be 100% owned by a foreigner with the condition you will not do any business within Malaysia . I do not think Malaysia is a business friendly place and even big companies are struggling to get employment passes for their employees coming from abroad . I think the gouvernement is looking for tourists not residents and a lot of the legislation is oriented this way.
In turkey you can get the entire turkish citizenship for you and your family if you invested $250k or more in property. Not just 10 years visa with tons of requirements
Not that I would wanna park 1m ringgit in Malaysia anyway, but yeah this age requirement alone sealed the deal for me. I will probably buy 5 year elite visa in Thailand instead and go from there.
If everyone/country increases prices on its products and services, then it just reflects it will only be more expensive to move around. Funny how gvmts increase prices PRIOR to admitting high inflation.
I’ve just started the process of cancelling my MM2H after 7 years. I’m not willing to take an endless series of experimental injections in order to ‘participate’ in Malaysian society, are you? The people are great, in general, but the unelected government is beyond...... Penang was a great base to explore Asia but since it became a prison island 20 months ago, no. The government restrictions have destroyed what made it great. Many stalls in the excellent food courts have disappeared forever, hotels only exist as quarantine centres. People who made their living off the tourist industry in Georgetown are scratching around for food like pigeons. Very sad to see. Love your videos by the way, very informative, honest and amusing.
Hmm, my original comment disappeared. Apologies if it reappears together with this one. My parents (late 70s) are in the 2nd year of their second 10-year stay on the MM2H. My Mum was born and raised in Malaysia. She loves it there; many of her childhood friends are still there and extended family. The social network is what makes her life meaningful. She had to naturalise to another citizenship when she married my father. I had been considering MM2H for my adult child with a borderline condition as she needs the family support network when I'm gone (dead) but given the medical totalitarianism that's becoming clearer in Southeast Asia, I'm out of ideas. I personally like Indonesia and Laos a lot, mandates aside. Parts of South America and some former Eastern bloc countries are looking pretty good but not for my child who would struggle on their own. By the time the end of my parents' 2nd 10-year MM2H rolls around, they will in their late 80s. I don't think they can meet the insane MYR40,000 monthly income requirement. They actually lived in South America part of the year during their working lives (based in Argentina and travelling extensively all over the continent) but that's out for them. May I know where you're leaving to? @Paul Davies and @David Richards, and any current holders of MM2H leaving reading this? Thanks in advance.
@@planetnomadicpersonal I’m returning to the UK, hopefully on a temporary basis. Will store my stuff with family and if possible travel light to a handful of places, although who knows what dystopian nightmare awaits. American friends are spending time on east coast of Mexico, from what I’ve seen in videos I’m more attracted to Mexico City. More culture and better climate, I’m done with 90% humidity. 6 month tourist visa and affordable temporary residence up to 4 years is attractive, although who knows until I’ve spent some time there. Will hopefully check out Valencia in Spain, 3 months there would be good, if no vaccine passports or other restrictions. Also through this channel been exploring the possibility of Tbilisi Georgia. No vaccine, no visa, allowed to stay for 12 months, safe, good value, good food, cheap alcohol, what’s not to like. Girlfriend currently imprisoned in Sydney, who knows when if ever she’ll be released. The world has shrunk in the last 20 months, all we can do is try and keep one step ahead. Good luck.
I didn't expect anyone who can afford the changes to leave. They weren't the target so why would it effect them and who would expect them to leave based on principle of Malaysian govt weeding out the average common person?
The Msia government has been hard on foreigners. Its best for foreigners to leave and look elsewhere like Indonesia which is more foreigner friendly policy.
If you are not a Muslim, Malaysia is not for you because the whole system is designed for their benefit. I have lived in Malaysia for a few years and it is not getting better for non-muslims. Those who "convert" to Islam there do it for covenience. However, most foreign men in Malaysia that I met who converted and married a Malay ended up dead there after a few years. That should be enough to give you pause. Think twice!
@@logosnomos3794 "I don't care less about your religion either." So your implication is that you care more about religion correct? Fix your grammar and/or connotations before you write something that is opposite of what is intended.
Honestly, the best place to go is Singapore. Singapore ia business friendly and easy for business visa. If cheaper alternative, will be Indonesia. You can live in Batam Riau and its only 45mins ferry ride to Singapore and 1 hour ferry to Johor Bahru, Malaysia. Batam is nice too
Malaysia born non-Malay who still in Malaysia will tell you, “I am still here is because I don’t have money to move to another country.” Those who have left will tell you, “Best decision to leave.” Malaysia government is the most racist government; do your homework, you will leave too.
Heyyy Good day fam, If you’re in the United States, Europe or Asia, I could show you how to earn about $4,000 dollars a week with your cell phone and save yourself the stress✌🏻
Most mm2h applicants are ccp people. Not everything is about you!! Territorial integrity of Malaysia is more important than your feelings. Once ccp people enter a territory they never leave. Malaysia does not want to become the next Taiwan...
Thanks for watching and commenting Don't forget to hit the subscribe button for more info..consultant.......and advice.....text (below) W@sap ¹⁹⁵¹⁵¹²⁰¹⁶⁷
Andrew, I have been viewing you videos over the years and enjoyed them. However, I am ready to take some actions in my life, and realize you are not accessible to me. You know your mantra 7 digit etc to qualify for help. I went to your website and clicked the become a customer page and it was clear that the enrollment process would be a waste of time related to your criteria. I am retired. You want 7 digit entrepreneurs. Those are mutually exclusive categories. Not sure why you make so many videos on relevant materials and then lock the access door. Probably a waste of time writing this commentary, your narrow band focus is pretty clear. I guess it is on to other resources, which actually are interested in an expanded customer base and variety classifications for customers. Comment if I am wrong. If not good luck to you.
I'm not Andrew 😄 but that's my take: you cannot afford him, and probably you don't need him. If you are retired and has some stocks, it's quite straightforward. A 7 figure entrepreneur has to deal with nasty things like CFC rules - do you?
Pretty obvious since he states that in every video. I appreciate that he is clear so no one wastes their time. And I am happy that he is busy enough to be picky about his customers. Plenty of resources out there to look at instead of wasting time whining. I love how you don’t have the qualifications he is looking for but still have the balls to tell him how to run his business. Good luck buddy!
The good news is you can do most of this stuff yourself if you're willing to put in the time and research. 7 & 8 figure folks pay for the convenience aspect of his services because they consider their time too valuable to do the work themselves.
Thanks for watching and commenting Don't forget to hit the subscribe button for more info..consultant.......and advice.....text (below) W@sap ¹⁹⁵¹⁵¹²⁰¹⁶⁷
Heyyy Good day fam, If you’re in the United States, Europe or Asia, I could show you how to earn about $4,000 dollars a week with your cell phone and save yourself the stress✌🏻
My concern with El Salvador is countries that rapidly get better can rapidly get worse. I look forward to seeing it improve over the next decade and then it'll be a serious global contender
Thank you for your presentation. I am a new fan. I read recent books and view presentations. I enjoy buying gold (14 and 18K) , small pieces. I buy uncircukated U.S. Native Anerican dollar coins , and I buy gold and jade from mainland 🇨🇳 China. I enjoy a short penthouse apartment, cook fine meals and guzzle fine beers and whiskies. It sure is nice to meet you folks. Cheers !
Yup. Hopefully it starts high so those of us who can't afford the support of a company like Nomad Capitalist have more time to get everything ready and get out, but it certainly feels inevitable at this point.
My cousin sister was shut down by Malaysia after COVID 19 to visit even her husband till now who is on a work visa despite repeated pleas, my niece was forced to stay away from her father for more than a year now. That’s inhumane on the part of Malaysian authorities. I was quite bullish about Malaysia, but after this I will never recommend Malaysia to anyone as my brother in law went there on my recommendation!
@@cutkin9316 thankfully he is still talking to me but Malaysia has left no stone unturned to screw the lives of ordinary foreigners especially Indians!
@@cutkin9316 are you a Malaysian? Why are you so pissed off? It’s your country, you can do whatever you want! You cannot force people to like you! Do as you please but leave me alone! Good luck with your Country!
thank you for the great video. one quick question, Malaysia's weather is nice? I lived there for 8 years and my lungs were gasping for air pretty much all the time. it's too hot and humid all the time lol
Better options in Spain and Portugal... PR status in shorter time. Malaysia you can live for 30 years and still not qualify for PR status. Plus for Malaysia: people and food. Better infrastructure than other Asian countries such as the Philippines and Vietnam. Cost of living is not as cheap as it was in the past. Banks are safe but ringgit is not a strong currency at this time.
Does the revenue derived from old and new mm2h help the poor malaysians affected by inflation and covid19 lockdown. Or a corrupt gov machinery takes all. We shall see after the general election soon.
@@priestesslucy3299 What if you need to incorporate in the country in which you live ? Why would you choose Malaysia then ? and if not where would you propose living and working in ?
@@priestesslucy3299 Top Bracket Marginal Income Tax Rate in Malaysia is 30% vs 37% in the USA. I think most people would pay the extra 7% to live in America vs Malaysia
@@TheJoezaidan you're forgetting 0 capital gains (except local real estate) I know someone personally who was pissing away 100,000 usd a year in Capital Gains before he renounced his citizenship. A lot of high earning business owners don't even take a particularly high salary. And if you're using a Trifecta method like Andrew advocates, Malaysia only taxes you on the percentage of your Earned Income that matches the percentage of the year you spend in Malaysia. Say your salary is 180,000 USD, 1/3 year spent in Malaysia as a Tax Resident gets 60,000 USD taxed at up to 24%
Heyyy Good day fam, If you’re in the United States, Europe or Asia, I could show you how to earn about $4,000 dollars a week with your cell phone and save yourself the stress✌🏻
In Turkey, contemporary beer prices are budweisser each priced at 1.7 euros, Efes Pilsen beer 1.5 euros, 1 litre Jaegermeister 20 euros, Whiskey 30 euros, Uzo, Raki costs 30 euros 70 cl. At Turkish Restaurants of Turkey, 50 cl beer is priced 4.5 euros, 70 cl Uzo, Raki 45 euros, 1 litre wine 50 euros to 80 euros, 1 litre Jim Beam priced at 80 euros. In order to get a gorgeous girl from bar with drinks first then hotel in Istanbul or Ankara is at least 100 euros to 200 euros until morning from midnight and always choose term Russian Lady from Pavyon. Bacardi Nightclub and environ nightclubs are safe and secure.
In Turkey's banks, yearly interest rate is 19 percent to 24 percent at ING Bank Turkey, Amsterdam bank for turkish liras. Malaysia's ringitt yearly interest rate is 1 percent. Switzerland banks yearly interest rate is 2 percent for swiss francs. Best Turkish Banks, never will go bankrupt are İs Bankasi, Akbank, Garanti Bank, Ziraat Bank , Halkbank, Vakifbank( wages are the worst among all banks at Vakifbank and workers are state workers there.), Yapi Kredi Bank ( owned by richest Turkish family Koc Group ; Koc family has 8 billion usd disposable net worth in 2021)
Would you consider getting residency in Malaysia?
I like to move to Malaysia, but not sure if I am eligible under the new MM2H. I have a lot of equity and crypto, and my income from the yield of that is very irregular. So would I need to prove income, and if so: how would I do that? Or I can just show that I am wealthy enough and put a large sum in a bank account for MM2H and be ok?
Maybe, if I could afford it. But after that change, I don't trust the government to the point of buying property there.
No. I tried several times. Short of marrying a Muslim woman there and dying a premature death like so many of my colleagues who did, it is next to impossible unless you are willing to splurge on bad business investments or overpriced, foreigner designated real estate, it is a no! Say no to Islam!
I can't get back into Malaysia. So, I found freedom in Eastern Europe.
Absolutely not! Malaysia is one of the most virulently antisemitic countries in the world
Malaysia My Second Home programme changed to Malaysia May Send me Home Programme
😆😆😆😆👏👏👏
🤣🤣🤣💯💯💯
Very well said
👏👏👏
Haha nailed it
5:30 - I hear this comment repeatedly. Malaysians are some of the NICEST people I've ever met. I've traveled a fair bit. I can personally attest to it as well.
I can't find any other places on earth more comfortable than in Malaysia, weather, food, affordable rental, affordable fuel price, nice shopping malls, cheap movie tickets, beaches and etc.
Summary: Not leaving Yet
Good summation. I'll summarize even more..... yet.
The reason why you felt Malaysian bureaucracy a breeze is because they're extremely racist. Malaysian govt officials treat you 1st on the basis of your nationality and origin 2nd on the basis of your skin color. In your case, you fit in their perfect sweet spot because of your American origin and your white skin color. Unfortunately for many of us as ex-pats who have darker skin tones and belong to regional nationalities, their behavior is the worst.
I spent 8 years in Malaysia and while I say Malaysians are generally very friendly and loving people, dealing with the Govt officials was always a dreadful experience. I was never an Illegal resident, paid as much as 24% of my income in Taxes yet was treated awfully because of my skin color and nationality. Malaysians are not Racist, they're loving and accepting. The politicians of this country however survive by inciting racism among its public.
Those of you who don't know even for Malaysians themselves there's a different treatment criterion for every race. Malays are the first priority, then comes the Chinese, and then only the Malaysian Indians. If you ever get a chance of visiting one of their govt hospitals you'll see they have this class category for their own citizens and then only there's a fourth class category which is for foreigners. Hearing about news coming out of Malaysia about some absurd visa changes isn't really a surprise if you happen to know the internal politics of the country.
So true my friend ,IV lived there and I back you up well said .
Thanks for the background and insight epsecially "the politicians survive by inciting racism among its public".
Apart from the categories at hospitals you mention, in the foreigner category, there's an further unspoken hierarchy with levels of acceptable 'foreignness'.
I don't think I'm overreaching... I'm guessing that another layer to this is to prevent too many non-Islamic north Asians from entering, regardless of whether they are from the PRC or not.
@@planetnomadicpersonal I think that's fairly subjective to personal preference. I felt that their preference is tilted more towards non-muslim asian foreigners. But that too isn't a huge factor I'd say. As it hardly effects your day to day life in Malaysia. Your passport color actually matters. Show govt officials your blue passport or a maroon passport and they'll even wash your toes.
A Canadian Muslim colleague of mine submitted his passport for an employment pass and he got it in 21 days. I however got mine in the same category in 6 months and had to provide a ton of more papers than he did for his visa application.
@@belalehsen
What different treatment citizen of Malaysia get in hospital?
Do you think Singapore is the same? I had an interesting experience when I was working in a Singapore shipyard. I'm Caucasian by the way. About seven years ago, I supervised a team of six Malay Singaporeans on a 2 month contract. Early in the project I asked one of the team members to arrange for a container to be craned up to the ship. He came back after an hour and said, "Andy. You have a white face. It'll be quicker if you do it." Sure enough he was right.
One month into the contract, my team were denied entry at the security gate. The Malay Singaporean security demanded to see their contracts, insurance documents and other paperwork. I was allowed to pass through without showing these documents. I explained that we're all part of the same team. The respond from the security guard, word for word: "Don't you compare yourself with them." I was astounded. My team and the security guards are both Malay Singaporeans. One the guys in my team explained it to me. He said, "In Singapore, Chinese and whites are at the top, Malays in the middle, Indians at the bottom." I noticed more and more how the class (or caste) system worked there.
Malaysia lockdowns were very strict. It sounds like you were not there during most of that time. If you only want to spend a few months each year in Malaysia, then you should just use the 90 day visa on arrival, which is totally free. You don't have to invest 1 million ringgit.
Very good points. These SE Asian strict lockdowns have soured me on these countries. I did like them before all of the tyranny. The scamdemic has shown a light on the Nazi tactics of many places. Not that the USSA is much better. Might be better off in the former Eastern Bloc countries.
It's about planting flags
I also found that 90 days could easily become 180 days by nipping to Singapore for lunch with a friend. Its a re-entry so you get another 90 day stamp
I have a strong hunch for these countries with deep ties to China...similar to blue states in US.. Decoupling cannot be done overnight and vaccine trades will fill the gap for a while..
@@bibibachmd9995 It's been like living in Nazi Germany here recently.
I like how good you are adapting to the different cultures and not getting offended easily. I find amazing how you can explain it with a practical perspective.
"Am I leaving Malaysia"? Andrew, live from Tbilisi!
Where is this place?
@@ibraheemali9541 Republic of Georgia 🇬🇪. Another top recommended destination.
@@Chris-gi9ch anhan cool thanks 👍
Andrew, I've been a MM2h holder for the past 7 years and yes I can meet the new requirements. But what I have an issue with is the way we the MM2h visa holders were thrown under the bus. They promised auto 10 year visa upon renewal that's why I bought a condo , car etc. Will I stay ? Like they say in Malaysia "What to do lah" Looks like I'll the only MM2H holder in Malaysia! As of yesterday looks like the govt is going to close the Sarawak MM2H loop hole. According to the TEG Expat magazine survey 95% of the MM2H holders do no qualify on the new policy. I feel for them, they bought property etc. Thailand Elite visa is going gang busters now. Like you say "Go where your treated the best"
This channel was great, until it wasn't. We too also have Sarawak MM2H for past 5 years which allowed us to buy a condo in Johor. What Andrew doesn't talk about here is the issue of "Trust". You and I and all of the other _EXISTING_ MM2H holders had a contract that gave us 10 years (or 5) renewable. Now, that is gone. This is a trust issue with all "pay-for-residence" programs. The MY changes expose the Fact that none of the International "pay-for-residence" programs can be trusted. Even if we could meet the new requirements, we would be stupid to do so now. What stops MY from modifying the new MM2H again Tomorrow?? Where you need $5M donation? Or next week it's $100M deposit? Without Grandfathering existing MM2H holders.
Then, one of the MY officials said (paraphrasing) regarding the affect of new MM2H on real estate values: "...oh, of the 50,000 MM2H holders, only 10,000 own property, and if all 10,000 have to sell it won't impact RE values, so its really no big deal" It is a Big Deal for those who trusted MY and their MM2H.
The way I see it, residency programs are dead. In order for one to "go where they are treated best" one needs hard citizenship. And even that is suspect.
What is gang buster? Never heard that term
@@timmyhiggins5220 It's an American slang term that has been around for almost 100 years. Back during American prohibition (illegal to buy/consume alcohol - between 1920 and 1933), illegal sales of alcohol were performed by organized groups of criminals...or gangs. The law enforcement, especially the Federal Government would try and shut (or quickly bust up) these gangs down *_as fast as possible,_* thus the term gang busters. And interestingly, the term "busted"; when law enforcement arrested someone is still commonly used today.
Thailand, seriously!? The place fluctuates daily but the fact you aint Thai never changes and that being the case, youre a benefactor here if you try and be involved in any way, nothing more from what Ive seen, i would not invest in a pushbike let alone a property there. How can you ever have peace of mine with regulations as they are is beyond me...
I feel sorry for you. But after 7 years in Malaysia, hadn’t any of your local friends told you what clowns have been running the government for the last 6 decades (to put it very mildly)? You only have to follow the local papers for a few weeks to discern that this is a bunch of people who are woefully devoid of common sense.
I agree that the niceness of the people is a big factor. In my own experience, the Japanese have a very high level of decency, making it a pleasure to be in Japan.
@Violent Cabbage It is up to you to adjust.
I felt japanese "Fake polite" especially if you are asian.but not to westerner.they are looks not welcoming and closed minded.
Asia has a “benevolent king” mentality. So true. Most citizens of countries in Asia have that deeply embedded unconscious dynamic with authorities, no matter how they are upset and resist, the majority still mostly comply and go along in the end.
So so so fkn true! Philippines, Japan, Korea, China, Taiwan.... All do exactly as they are told. You just don't see any of this covid lockdown protests for example.
So so so fkn true! Philippines, Japan, Korea, China, Taiwan.... All do exactly as they are told. You just don't see any of this covid lockdown protests for example.
I'm glad I'm not the only one noticing! I've commented before that Asians tend to be very pro government and obey all authority because that is how their culture has raised them. Look how far they have fallen, from samurai warriors to ball-less men who won't stand for their rights.
Yup, Most Asians just do as their told, very passive people
At least Asia is open and getting back to normal for people who live here, even if tourism is dead. Meanwhile the west is stuck with a bunch of morons who won't get vaccinated, so they lost their dine-out privileges like the children they are.
Being triggered by masks really takes somebody who deep down, is upset by their lack of authority in life. They resort to "I don't wanna!", stomping their feet, and embracing their borderline personality disorder. All because they have nobody else to boss around or rebel against except mask orders during a pandemic
Malaysia is not Singapore. I think they have overestimated the value they bring to the table.
Foreigner are not welcome anymore in Malaysia soil. You wanna live in Malaysia, be a Malaysian.
I am a U.S. citizen and considering retiring in a few years. I was very interested in spending some time in Malaysia after the retirement. Even though I can meet newly imposed finical requirements, I hesitate to commit non-U.S. dollar denominated cash assets for a prolonged period and bring on unnecessary FX risk. In addition, I felt the new policy was unfair to the people who took MM2H visa and retired over there for many years. As my understanding, you are a businessman. I wonder if there is a moral responsibility to help people to relocate to a fairly stable political environment.
Heyyy Good day fam,
If you’re in the United States, Europe or Asia, I could show you how to earn about $4,000 dollars a week with your cell phone and save yourself the stress✌🏻
I was considering the same last several years and now when i was ready they threw the Bomb shell. Like you said i can qualify under the new program but not willing to park 250K in the bank when i can make a 5% return with defensive investment. If the 250 K bank investment is taken off i am ready. Otherwise i can always stay 90 days get out and come back for another 90 day stay. Also i can shuttle between a low cost country like Portugal, Malaysia and may be Eastern European country like Croatia, Serbia, Bulgaria and not have to deal with Taxes from abroad and Uncle Sam in US
@@donniefrank1107 -Why dont you please post a video in You tube. Much appreciated
@@cookmaster3626 best ways to make money are secrets
@@donniefrank1107 I can show u how to earn $50,000 a week. talk to me.
I heard the M’sian Govt are reviewing the recent changes, after the backlash from the public
I wouldn't hold my breath on their coming 'back' to their senses if historically they had consistently demonstrated they didn't have any to begin with. Proof of the pudding et al.
Now Nomad Capitalist and Malaysia government are aligned. You need 8 or 9 figure income to qualify (is that the slogan?) . But Andrew - this is not what Malaysian government is saying. The abnormal increase in financial benchmark is attribute to encourage quality applicant ? So more money = more quality ?
The program is re-shaped to "SEND ME BACK TO WHERE I CAME FROM"
you got it right
The “Malaysia banks are strong” but maintaining a fixed deposit of one million Malaysian ringgits under the MM2H new requirements, a currency that continually losing its value over the past number of years is not reassuring to any investors.
Andrew doesn't actually have MM2H. He flies in on a tourist stamp and flies out on the same, that's why he can be so smug about everything.
and how do I know he doesn't have MM2H?
He told me at Hotel Istana, in Kuala Lumpur last year.
He was drunk and went on and on about various airlines and their first class seats. He then explained how he didn't need MM2H when he just flies in via first class.
And if I'm lying then I challenge Andrew to prove he has MM2H... How did he even get it for a US passport, but then renounce his citizenship for another passport WHILE keeping MM2H?
MM2H is tied to your original passport.
Forget mm2h what I'm more interested in is how Andrew is when he is drunk I bet he's even more ritzy than in his videos haha
😂😂😂 did he claim he got mm2h visa ? Or he's just a "story teller" to sell in consultancy session ? 🤣🤣
The new program is horrible. I don't see anyone taking advantage of it unless it is dramatically changed. You would need a minimum of 4-5 million USD in interest/dividend generating assets to get the $115,000+ monthly income requirements, and you will have to dump 250k into Malaysian bank that pays 1% (further creating problems for your cash flow). And the duration of the pass has been cut in half to 5 years. They clearly don't want foreigners coming in anymore, save for a small handful of very wealthy
plus currency depreciation.
WHATS THE PROBLEM ??
@@PP-uv1kw Malaysia population is increasing. Malaysia don't need foreigner anymore.
@@iamgreat1234 it's due to the massive amounts of upper middle class Chinese who are diversifying and fleeing the CCP. Over 80% of houses in certain new neighborhoods are being purchased by wealthy mainlanders.
@@SaintNyx you would think that the authorities could simply approve applications on an individual basis, or control for that. When 50,000 foreigners sell their property, fire their housekeepers and staff, and dump the properties, it is going to be bad for Malaysians
It seems silly to give such a large amount of cash to a government for a visa. Meanwhile, inflation from that 3 trillion USD printed is dwindling away your funds with a government.
That is a key point, the people don't change, the governments institute change. The people are great around the world.
Maybe this Bitcoin stuff has a future:)
Talked to a Malay friend who works for the gov, word has it a lot of officials are pushing for MM2H to be relaxed as they will lose bucketloads of investment money, stay tuned.
Anyway. General election is coming. We shall see what happens to the current backdoor gov.
Just keep pushing , especially for the age and fixed deposit
There is no proper study by home ministry. Even johor sultan was not happy.
I agree that the niceness and open attitude is very important; it can be hard to network and do business when everyone has a very closed-minded stuck-up attitude and won't give you the time of day. Some successful, even when they are very successful, work much better for insiders than outsiders.
Give an example of business you'd do there
I love Malaysia. First career was there. Got married there. But I don't agree for once. They have done really bad with not allowing mm2h back and the new rules. I would have done it with the new rules. But the not allowing mm2h visas back is a deal breaker, during covid.
I was considering having Malaysia as a second place (I live in Tbilisi), spend maybe 2 months there, but now it is just a little too much. I really wouldn't mind a 30 or even 60 day requirement. I think they just want more people to make Malaysia their primary place, and not their secondary, but ow well.
Malaysia are surrounded by 655 million people. Malaysia can always find replacement.
Just visit as a tourist. Most countries get 90 days on entry.
How is Tiblisi?
I'm Australian...gotta get out of the totalitarian police state. Given that. How would I find it?
TW
@@jakartafinance9389 I personally like it, doing any sort of business here is also super easy. One year visa right of the bat, and its also easy enough to get permanent residency. Also there is no police state, you'll certainly feel a lot freer here than in current Australia -while there was a bit of police brutality in the 2019 protests.
$295 for one year Cambodia retirement visa-- no vaccine or pcr required as I was already here. Agent does the application.
What is the health care like?
@@timmyhiggins5220 I'd advise a preemptive appendectomy.
@@edgregory1 wtf???
@@timmyhiggins5220 I was expecting a laugh emoji. Seriously, it's not known for advanced cardiac/ trauma center like Thailand but dentists are top notch.
@@edgregory1 dont think I'd be comfortable living in Cambodia with a bad healthcare system
As a Malaysian, I'm saddened by this change that disproportionately affects such a small percentage of the population. Even if my country wants to have greater requirements to further get more MM2H holders to further contribute, the asks are quite unreasonable for most middle-income individuals and it would be better if the requirements were placed more in line with middle-income individuals who would be more likely to stay and contribute to the local economy rather than just wealthy investors who would treat the country as more of a vacation stay country. A monthly income just above our mean income of RM 28,000 or 30,000 that is also inclusive to income within the country and a more flexible deposit plan for those over 50 with or without income would serve the country much better than the current rule set forth by the system.
Our country is beautiful, inexpensive for those abroad, and has so much potential in attracting a number of middle income people who would like to live in an uncomplicated and relaxed place in the world such as Malaysia. We have out fair share of problems, that's undeniable but our progress in trying to address them is far more than any other large Southeast Asian nation. I hope my government reconsiders the programme requirements to make it easier more applicants to be eligible.
Hi Ng, thanks for your comment, I couldn’t believe how inexpensive it was, a beautiful country with very kind people and delicious food! It is incredibly attractive for so many foreigners, and one of my favorite Asian countries. I personally have a bit of money I would love to spend in my later years in Malaysia, can you give me any recommendations?
I would no longer consider the MM2H program - it's not necessary if one wants to live the trifecta lifestyle, especially if one has a tier A passport.
Yes, MM2H may grant entry into Malaysia under the current circumstances, but I dont think the cost is worth that benefit.
I have the money to qualify for the new program requirements but I just don’t think it’s worth it because I find the country pretty boring besides the people being very nice, it is much more fun to be in Thailand.
A smug video, Andrew...
A better theme would be: Should the people that Malaysia wants, actually want Malaysia? (Or do they have better choices and value elsewhere in SE Asia anyway?) And for the Unwanted, what other options should they be considering, inside and outside Malaysia?
I lived in Malaysia for a year, it's ok but definitely not worth it
@@timmyhiggins5220 I have only visited there. But I have lived in Thailand and now Mexico. So what would be current choice in SE Asia, if I could ask you that. And why?
@@jimmccann3856 probably HK or Singapore. However, atm they are looking increasingly authoritarian, although Malaysia is heading the same way.
Thanks for sharing this video. Glad to hear that you've met all d new requirements n decided to stay here in beautiful Malaysia.
Not treated well. Moving to South Amercia
Malay gov. Insisting on double vax'd. Are you going to get double vax'd or does bouncing around from country to country keep you exempt?
@@miken4591 , because you don't what the long term effects might be. The pharmaceutical companies have a checkered history of harming people with their drugs. Even FDA approved drugs have been recalled after many years when it turned out that they caused a lot of damage such as heart problems. The pharmaceutical companies are indemnified from liability for these gene therapies. If they were so safe, why do they need indemnity? The latest results out of highly vaccinated populations like Israel show that these vaccines lose efficacy rather quickly. This could result in the need for boosters every 6-12 month, possibly indefinitely. While there are some really horrific side effects from these vaccines, it's a very small risk. But does that risk increase with every booster? If you're not over 60 and in good health, there's little risk to you from covid. As time has gone on, doctors now know how to treat it better. There are good treatments for it that, especially if started early, can save people from dangerous symptoms. And if you get sick from covid, your natural immunity is multiple times more effective (14x if memory serves) at protecting you from future variants than the vaccinations.
@@miken4591 , additionally, there are treatments that are effective at preventing serious symptoms from covid such as Ivermectin and Regeneron.
MM2H requirements will change for the better when we have a new government next year!
*snort
You need to consider a lot of those mm2h er are retirees …. Who took long term planning decisions based on program . Are you are one of those 8000 violators or one of the quality new applications ? !
Yes the people there and living there is wonderful but the lack of transparency and unfairness to the existing current mm2h holders deserves some more consideration by you . Not all your followers are 30 -40 multi millionaires nor military generals from Myanmar trying to park their wealth elsewhere .
LOL . Agree
Well said
well said Chris. 👍
Well said. There is absolutely nothing more to add...
Totally agree
The bank deposit is a death trap if the ringgit depreciates! Inflation also greatly reduces the purchasing power of your money.
It wasn't the heat, it was the humidity.
Ok just crossed Malaysia off my list, I was pursuing purchasing a vacation home in KLCC, almost put my deposit in 2020 but covid came. Was also excited about the original MM2H program Not anymore... Originally told lots of investors from Taiwan and California about MM2H and talked up Malaysia as a good investment country....now I'll update them to tell them to take their money elsewhere.
Hi can you tell us why? I’ve been all over Asia and Malaysia is probably my favorite country, so I’ve often thought about relocating there. Why wouldn’t you move there anymore?
@@alex6677 The govt changed the MM2H program a few months ago. The requirements are overall 400% harder requiring a lot more capital the requirement is now 6x more capital in a Malaysian bank than 1 yr ago, a lot of expats are leaving or have left due to new rules. The govt is getting racist, xenophobic and anti foreigner lately with their legislation and the overall mood Unless you consider moving to Sarawak which has its own set of rules that are similar to the existing MM2H...but I dont want to live there. They are now also going to tax foreign income. Read up on all the new rules...there is a mass exodus out of Malaysia now of Foreigners.
@@aaap3875 Do your research. S-MM2H is a thing.
Its an unstable program. All you have to do is wait till they have over-built condo developments at the $250k level and they reduce the threshold to reduce the overhang. Then you can get into the MM2H through their need to reduce the over hang (especially on langkawi). When property becomes over built..all requirements are flexable untill things stablize. This will probably happen in Turkey as well. Both governments are unstable and continually cause financial instability.
In my fictional world, that program never suspended
Anyone who's upset over this has the wrong mindset. There are so many other options
Like what?
Those decisions do not come from nowhere. We miss some political studies.
For clarity to the people who would like to live in Malaysia you should explain that there is a lot of businesses and licences you cannot get as a foreigner and for the one you can get you will need a partnership with a local . There is some exception when you setup an offshore company which can be 100% owned by a foreigner with the condition you will not do any business within Malaysia .
I do not think Malaysia is a business friendly place and even big companies are struggling to get employment passes for their employees coming from abroad .
I think the gouvernement is looking for tourists not residents and a lot of the legislation is oriented this way.
Don't you think Malaysia is turning red by the day? Most obedient country with zero protest on the tyrannical vaccine passport
In turkey you can get the entire turkish citizenship for you and your family if you invested $250k or more in property. Not just 10 years visa with tons of requirements
Hopefully, the terms and conditions will be amended so that foreigners can continue to make Malaysia their real 2nd home
Actually before sawarak mm2h is revamp, better take advantage of it now!
That's a really beautiful painting behind you, Andrew!
The part that doesn't make sense to me is the minimum age requirement. I am now effectively locked out of the MM2H program since I'm under 35.
Not that I would wanna park 1m ringgit in Malaysia anyway, but yeah this age requirement alone sealed the deal for me. I will probably buy 5 year elite visa in Thailand instead and go from there.
It is definitely not where you are treated best (as a foreigner) anymore 🤷♂️.
I got your new book edition in the post today: happy homework for myself. Thanks for your great content, which is clear and practical 👍🏽
What's new in the second edition?
Hi Adam, Glad to hear that.
Heard that the rules now say that existing holders are affected in only 2 of 10 ways, minimally impact those who are already long stayers.
If everyone/country increases prices on its products and services, then it just reflects it will only be more expensive to move around. Funny how gvmts increase prices PRIOR to admitting high inflation.
Yes it is still good of you are eligible. But we still need a Plan B and C....
I’ve just started the process of cancelling my MM2H after 7 years. I’m not willing to take an endless series of experimental injections in order to ‘participate’ in Malaysian society, are you? The people are great, in general, but the unelected government is beyond...... Penang was a great base to explore Asia but since it became a prison island 20 months ago, no. The government restrictions have destroyed what made it great. Many stalls in the excellent food courts have disappeared forever, hotels only exist as quarantine centres. People who made their living off the tourist industry in Georgetown are scratching around for food like pigeons. Very sad to see. Love your videos by the way, very informative, honest and amusing.
Hmm, my original comment disappeared. Apologies if it reappears together with this one. My parents (late 70s) are in the 2nd year of their second 10-year stay on the MM2H. My Mum was born and raised in Malaysia. She loves it there; many of her childhood friends are still there and extended family. The social network is what makes her life meaningful. She had to naturalise to another citizenship when she married my father. I had been considering MM2H for my adult child with a borderline condition as she needs the family support network when I'm gone (dead) but given the medical totalitarianism that's becoming clearer in Southeast Asia, I'm out of ideas. I personally like Indonesia and Laos a lot, mandates aside. Parts of South America and some former Eastern bloc countries are looking pretty good but not for my child who would struggle on their own. By the time the end of my parents' 2nd 10-year MM2H rolls around, they will in their late 80s. I don't think they can meet the insane MYR40,000 monthly income requirement. They actually lived in South America part of the year during their working lives (based in Argentina and travelling extensively all over the continent) but that's out for them.
May I know where you're leaving to? @Paul Davies and @David Richards, and any current holders of MM2H leaving reading this? Thanks in advance.
@@planetnomadicpersonal I’m returning to the UK, hopefully on a temporary basis. Will store my stuff with family and if possible travel light to a handful of places, although who knows what dystopian nightmare awaits. American friends are spending time on east coast of Mexico, from what I’ve seen in videos I’m more attracted to Mexico City. More culture and better climate, I’m done with 90% humidity. 6 month tourist visa and affordable temporary residence up to 4 years is attractive, although who knows until I’ve spent some time there. Will hopefully check out Valencia in Spain, 3 months there would be good, if no vaccine passports or other restrictions. Also through this channel been exploring the possibility of Tbilisi Georgia. No vaccine, no visa, allowed to stay for 12 months, safe, good value, good food, cheap alcohol, what’s not to like. Girlfriend currently imprisoned in Sydney, who knows when if ever she’ll be released. The world has shrunk in the last 20 months, all we can do is try and keep one step ahead. Good luck.
HAPPINESS THROUGH FREEDOM!
I didn't expect anyone who can afford the changes to leave. They weren't the target so why would it effect them and who would expect them to leave based on principle of Malaysian govt weeding out the average common person?
The Msia government has been hard on foreigners. Its best for foreigners to leave and look elsewhere like Indonesia which is more foreigner friendly policy.
Could it be that western governments are putting pressure on Malaysia to do this?
If you are not a Muslim, Malaysia is not for you because the whole system is designed for their benefit. I have lived in Malaysia for a few years and it is not getting better for non-muslims. Those who "convert" to Islam there do it for covenience. However, most foreign men in Malaysia that I met who converted and married a Malay ended up dead there after a few years. That should be enough to give you pause. Think twice!
@@ishouldbeonmountrushmore1334 The kind of BS that you promote! 无猫250来了!
Dead how? Murdered? Poisoned?
@@ishouldbeonmountrushmore1334 I don't care less about your religion either. That's why I am here, dude!
@@mobileandroid5299 So many mysteriously died of a "heart attack."
@@logosnomos3794 "I don't care less about your religion either." So your implication is that you care more about religion correct? Fix your grammar and/or connotations before you write something that is opposite of what is intended.
Honestly, the best place to go is Singapore. Singapore ia business friendly and easy for business visa.
If cheaper alternative, will be Indonesia. You can live in Batam Riau and its only 45mins ferry ride to Singapore and 1 hour ferry to Johor Bahru, Malaysia.
Batam is nice too
Hi, I love Indonesia, but what visa options do they have? I hear it’s not so easy at the moment with the pandemic
Wait for Parliament to thrash the matter in detail.
CIMB Bank Malaysia is using the travel restrictions and they are NOT sending my money to Turkey
We are beating a “Dead Horse.”
Malaysia born non-Malay who still in Malaysia will tell you, “I am still here is because I don’t have money to move to another country.” Those who have left will tell you, “Best decision to leave.” Malaysia government is the most racist government; do your homework, you will leave too.
So Andrew, didn't you just buy a home & apply or were given a P.R.? I guess I thought you didn't get the M2H?
Heyyy Good day fam,
If you’re in the United States, Europe or Asia, I could show you how to earn about $4,000 dollars a week with your cell phone and save yourself the stress✌🏻
Most mm2h applicants are ccp people. Not everything is about you!! Territorial integrity of Malaysia is more important than your feelings. Once ccp people enter a territory they never leave. Malaysia does not want to become the next Taiwan...
Thanks for watching and commenting Don't
forget to hit the subscribe button for more
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W@sap ¹⁹⁵¹⁵¹²⁰¹⁶⁷
Andrew, I have been viewing you videos over the years and enjoyed them. However, I am ready to take some actions in my life, and realize you are not accessible to me. You know your mantra 7 digit etc to qualify for help. I went to your website and clicked the become a customer page and it was clear that the enrollment process would be a waste of time related to your criteria. I am retired. You want 7 digit entrepreneurs. Those are mutually exclusive categories. Not sure why you make so many videos on relevant materials and then lock the access door. Probably a waste of time writing this commentary, your narrow band focus is pretty clear. I guess it is on to other resources, which actually are interested in an expanded customer base and variety classifications for customers. Comment if I am wrong. If not good luck to you.
I'm not Andrew 😄 but that's my take: you cannot afford him, and probably you don't need him. If you are retired and has some stocks, it's quite straightforward. A 7 figure entrepreneur has to deal with nasty things like CFC rules - do you?
Pretty obvious since he states that in every video. I appreciate that he is clear so no one wastes their time. And I am happy that he is busy enough to be picky about his customers. Plenty of resources out there to look at instead of wasting time whining. I love how you don’t have the qualifications he is looking for but still have the balls to tell him how to run his business. Good luck buddy!
Just take the knowledge he distributes and use it to support your own expatriation.
@@rubensnogueira5838 CFC rules?
The good news is you can do most of this stuff yourself if you're willing to put in the time and research. 7 & 8 figure folks pay for the convenience aspect of his services because they consider their time too valuable to do the work themselves.
I'd love to move to Malaysia. Now it's even more unattainable for me. Quite frankly though, it would be nice if America had some kind of requirements.
Jeremy exactly correct -- i feel for those people who have bought there.....
Year round heat and humidity. Andrew overplays it significantly.
@@wanderingdoc5075 didn't bug me when I was there in July a few years ago.... Then again I wore moisture wicking fishing shirts the whole time.
Has the Sarawak MM2H program also changed the requirements?
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W@sap ¹⁹⁵¹⁵¹²⁰¹⁶⁷
will do soon after the number of visa holders reaches their quota so they can shaft it to them. Dont Trust
Sadly, this is M2H program is too expensive now. I was going to apply this year but not now
Do you like Sarawak? No changes
I love Malaysia but can't stand the hot and humid weather. Air pollution isn't the best either...
Heyyy Good day fam,
If you’re in the United States, Europe or Asia, I could show you how to earn about $4,000 dollars a week with your cell phone and save yourself the stress✌🏻
Move to EL SALVADOR (The Saviour) young man!
My concern with El Salvador is countries that rapidly get better can rapidly get worse. I look forward to seeing it improve over the next decade and then it'll be a serious global contender
@@Nephron89 Let's see what happens...not a lot of free places left, especially crypto friendly. peace.
How are they on mandated vaxxes?
@@Koort1008 nada.
@@biglance BIG PLUS.
Hi, I am Malaysian here.
love your channel.
Wish to have opportunity to talk and meet you anytime soon
Malaysia is a home you can come and go and come and go.
Thank you for your presentation. I am a new fan. I read recent books and view presentations. I enjoy buying gold (14 and 18K) , small pieces. I buy uncircukated U.S. Native Anerican dollar coins , and I buy gold and jade from mainland 🇨🇳 China. I enjoy a short penthouse apartment, cook fine meals and guzzle fine beers and whiskies. It sure is nice to meet you folks. Cheers !
You should do a video about which are the cheapest residency permits to get worldwide
He has already covered that in the past, look at his videos.
He is talking about beautiful Malaysia, so why should he talk about the rest of the World? There are many other channels doing it already
@@MrWalter2202 can you recommend some pls
Nice people...but unpleasant government..their policies is getting out of control.
Nah the policies is needed
The 90 days minimum stay is enough for fiscal residence?
It looks every day more in the USA there will be a wealth tax
Yup. Hopefully it starts high so those of us who can't afford the support of a company like Nomad Capitalist have more time to get everything ready and get out, but it certainly feels inevitable at this point.
Do you buy strawberries in Malaysia or do you require your guests to buy them?:)
don't worry, soon most will be eligible to apply MM2h again when our ringgit drops by 10x folds... haha
My cousin sister was shut down by Malaysia after COVID 19 to visit even her husband till now who is on a work visa despite repeated pleas, my niece was forced to stay away from her father for more than a year now. That’s inhumane on the part of Malaysian authorities. I was quite bullish about Malaysia, but after this I will never recommend Malaysia to anyone as my brother in law went there on my recommendation!
Then u better ask how will ur brother rated your suggestion😂
@@cutkin9316 thankfully he is still talking to me but Malaysia has left no stone unturned to screw the lives of ordinary foreigners especially Indians!
Are you sure girl...check ur fact...😁😁😁but then its ok dun check it...its still gonna b worsed if u dnt like it😉
@@cutkin9316 are you a Malaysian? Why are you so pissed off? It’s your country, you can do whatever you want! You cannot force people to like you! Do as you please but leave me alone! Good luck with your Country!
Yeah..ok.will do that😁
I knew that they can change their MM2H program at anytime.
I'm glad I didn't join pull the trigger. Malaysia RIP!
thank you for the great video. one quick question, Malaysia's weather is nice? I lived there for 8 years and my lungs were gasping for air pretty much all the time. it's too hot and humid all the time lol
Better options in Spain and Portugal... PR status in shorter time. Malaysia you can live for 30 years and still not qualify for PR status. Plus for Malaysia: people and food. Better infrastructure than other Asian countries such as the Philippines and Vietnam. Cost of living is not as cheap as it was in the past. Banks are safe but ringgit is not a strong currency at this time.
Spain and Portugal are very expensive.
Does the revenue derived from old and new mm2h help the poor malaysians affected by inflation and covid19 lockdown. Or a corrupt gov machinery takes all. We shall see after the general election soon.
Isn't Malaysia's Corporate Tax Rate (25%) higher than the us's (21%) ?
That's why you don't Incorporate in Malaysia
@@priestesslucy3299 What if you need to incorporate in the country in which you live ? Why would you choose Malaysia then ? and if not where would you propose living and working in ?
@@priestesslucy3299 Top Bracket Marginal Income Tax Rate in Malaysia is 30% vs 37% in the USA. I think most people would pay the extra 7% to live in America vs Malaysia
@@TheJoezaidan you're forgetting 0 capital gains (except local real estate)
I know someone personally who was pissing away 100,000 usd a year in Capital Gains before he renounced his citizenship.
A lot of high earning business owners don't even take a particularly high salary.
And if you're using a Trifecta method like Andrew advocates, Malaysia only taxes you on the percentage of your Earned Income that matches the percentage of the year you spend in Malaysia.
Say your salary is 180,000 USD, 1/3 year spent in Malaysia as a Tax Resident gets 60,000 USD taxed at up to 24%
BTW: Are cycle paths built in Malaysia?
Motorcycle paths...bicycles are very common throughout Asia
Thanks DAWG!
For MM2H holder living in Malaysia, do you get a tax residence status and TIM number in Malaysia?
The 90 days required annually to stay in Malaysia very hard for me to maintain that.
Heyyy Good day fam,
If you’re in the United States, Europe or Asia, I could show you how to earn about $4,000 dollars a week with your cell phone and save yourself the stress✌🏻
@@donniefrank1107 They ask for 90 days today and tomorrow ask for 180 days and ..... Should be no force
@@Eagle-rb4is it isn’t
@@Eagle-rb4is no force here
In Turkey, contemporary beer prices are budweisser each priced at 1.7 euros, Efes Pilsen beer 1.5 euros, 1 litre Jaegermeister 20 euros, Whiskey 30 euros, Uzo, Raki costs 30 euros 70 cl. At Turkish Restaurants of Turkey, 50 cl beer is priced 4.5 euros, 70 cl Uzo, Raki 45 euros, 1 litre wine 50 euros to 80 euros, 1 litre Jim Beam priced at 80 euros. In order to get a gorgeous girl from bar with drinks first then hotel in Istanbul or Ankara is at least 100 euros to 200 euros until morning from midnight and always choose term Russian Lady from Pavyon. Bacardi Nightclub and environ nightclubs are safe and secure.
The old rules and requirement shall apply to existing MM2H holder, to maintain credibility
Everything is fine other than the 90 day requirement
In Turkey's banks, yearly interest rate is 19 percent to 24 percent at ING Bank Turkey, Amsterdam bank for turkish liras. Malaysia's ringitt yearly interest rate is 1 percent. Switzerland banks yearly interest rate is 2 percent for swiss francs. Best Turkish Banks, never will go bankrupt are İs Bankasi, Akbank, Garanti Bank, Ziraat Bank , Halkbank, Vakifbank( wages are the worst among all banks at Vakifbank and workers are state workers there.), Yapi Kredi Bank ( owned by richest Turkish family Koc Group ; Koc family has 8 billion usd disposable net worth in 2021)
If the world is getting wealthier this applies only to a small minority and a lot of so-called wealth is based on debt.
Malaysia's interest rate is 1.75%.... 20 years is 6%
Hi Andrew, can you tell us what the difference is in fees as far as the $ requirements now?
I like Malaysia BUT , I like to smoke weed... so in Mexico I stay, ..... sure miss the Nasi Camphur though
@Rick Farrugia stupid reply Ricky