I'm from the US and lived in most of the capital cities in Asia, namely Bangkok, Phuket, Jakarta, Ho Chin Minh City, Manila, Vientiane and Singapore among others. I'll have to say Kuala Lumpur is the easiest place for someone from the US to migrate to, cause it's advanced, modern and superior to most cities in neighbouring countries. Most importantly, public transportation like subways and bus networks are superb. Cities are clean and efficient.
@sagepirotess63128 ай бұрын
Been to all. I agree Malaysia is ok. But Vietnam better. Maybe not hcm, weather issues, but a beach city or northern like ha long bay will beat it out.
@kimberiysmarketstrategy8 ай бұрын
where , In your oppinion would be the best city to start off & see?
@josephmanzuni85938 ай бұрын
@@kimberiysmarketstrategy It depends on what you a looking for. If you are looking at historical cities with Dutch, Portuguese and English influences and heritage, it would be Melaka and Penang in Malaysia. If you want ancient Asian vibes and old culture with sea and surf, it's surely Bali and Lombok in Indonesia. If you want beautiful beaches, fantastic lakes and hills, Danang in Vietnam and Phuket in Thailand. For modern cities, there is only one contender that is modern and yet extremely affordable, and that's Kuala Lumpur in Malaysia.
@sagepirotess63128 ай бұрын
@@kimberiysmarketstrategy depends what you value... nature Laos. Friendly people and nature and food Vietnam. Malaysia is so multicultural it is like California. Thailand if party or jungle life. Singapore, hong kong attractions and shop. S korea, safety good infrastructure and weather.
@RetireandGo8 ай бұрын
I really enjoyed my time in KL last year I’ll be back again this year A wonderful place to travel to
@RetireandGo8 ай бұрын
I spent a wonderful month living in Kuala Lumpur in 2023. My room cost me $16 a day with all utilities and WiFi. I will return to that lovely city again this year. I think 90 days this year. I appreciate this video as I need to get my banking set up there.
@cber50778 ай бұрын
Your comment doesn’t really make sense to me. You talk about living on $16/day, yet aren’t worried about depositing like $200k in a Malaysian bank savings account. First off that’s not a small sum and second it’s just going to depreciate given the way the ringgit has depreciated over the past 10 years plus it is a low interest rate compared to what you could earn in say an S&P index fund. The other thing is this video talks about how cheap a condo is to buy in a nice downtown area, but if you look at the real estate market, you will find it is very difficult to sell. Almost all the developers hold back a large percentage of the units, so there is a huge over supply.
@guido37718 ай бұрын
I think he is a Nomad Minimalist like me. We watch this channel to be amused by the problems of the Nomad Capitalists.
@baxterpaws58738 ай бұрын
This program was for retired people. I don’t think retires earn ten thousand a month.
@chinobonito307 ай бұрын
not exactly sure why he is living on 16 USD a day?
@jackiegx6 ай бұрын
As a Malaysian, ur rental is over priced, u can rent the whole house with that fee.
@30AndAWakeUp8 ай бұрын
I share your love of Malaysia. Thanks for the great update.
@suzannes7838 ай бұрын
Just a simple thank you Andrew and team! These videos are invaluable and tremendously appreciated. Thank you!!!
@nomadcapitalist8 ай бұрын
Thank you for your kind words! We appreciate your support!
@kennyng22898 ай бұрын
Do follow Andrew Taylor, an American expat who is currently in his 9th year under MM2H program. His channel name is, "Andrew Taylor".
@marcn87507 ай бұрын
@@nomadcapitalisthi Andrew, is it true that MM2H malaysia residents will be taxed on foreign income ?
@arrivedp8 ай бұрын
I got grandfathered from 2015, one of the best decisions I ever made, wonderful place; building all over the country, great infrastructure.
@paulhefner28138 ай бұрын
The problem is not Malaysia, but how the plan was radically changed without real concern for the mm2h visa holders.
@HoDLum8 ай бұрын
Wasn't the "grandfatering" somewhat forced? I remember expats were told they have to renew MM2H on new terms (with 9k USD monthly income requirement) initially?
@WahidKhawaja6 ай бұрын
How much does it Cost for health insurance?
@vwchan8418 ай бұрын
Was in Malaysia last month scoping out a home away from home. Man, tough choices!!!!! Beautiful quiet, unobstructed sea view condo in a semi remote area or a more busy condo with all the amenities on the ground floor???? Food was killer every single night and the people are so friendly. Don't worry, I'm coming and bringing my ca$h from the States. America is in decline!
@jacqdanieles8 ай бұрын
Personally, I'd be cautious about converting my US$ to a foreign currency that generally declines.
@vwchan8418 ай бұрын
@@jacqdanieles Sound advice, but just a condo for own enjoyment in retirement is not a big deal. I am going to keep most of my money in US banks and just transfer what I need to Malaysia when the time comes. You have to live your life too. Can't always be so careful. Before you know it, your life is over and what did you show for it if you didn't enjoy it?
@jacqdanieles8 ай бұрын
@@vwchan841 yes, what you say is also true. But I'm just raising the point because I was once a little cavalier about currency risk in a developing country & ended up losing north of $50K.
@vwchan8418 ай бұрын
@@jacqdanielesI confirmed that with my HSBC global account I can hold US dollars as such in one of my accounts. Sure, those ringgits that I moved over for mm2h are depreciating as we speak but i would like to use half of it soon for a RE purchase. Its not a lot of money...
@hammerfall66668 ай бұрын
@@vwchan841 If you're accustomed to easy city life where you can get everything you need nearby, then a house in KL would be a better choice as living in a semi remote area is kind of meh or worse experience in terms of amenities over here.
@jimspencer30728 ай бұрын
The problem I have Andrew is the goal posts keep moving? Malaysia It's not the place it was 10 years ago, but neither is the West
@highend798 ай бұрын
Malaysian chinese here , yes the goal posts keep moving even for the locals , but the new government hopefully would uphold it words more strongly. They are showing some progress.
@Hhhh22222-w5 ай бұрын
Comoared to many western countries, malaysia is doing quite well, sure its not growing at the rate it used to, but far better for foreigners than many european countries
@Shadow_Banned_Conservative8 ай бұрын
I was there 15 years ago for a couple of months for work, I loved KL. I'm surprised at the USD to Rm value though. It was $1USD to about $3Rm when I was there, the USD is worth a lot less today, but the Rm seems to have faded quite a bit. I met several Australian expats while I was there and spent an evening drinking beer, eating shrimp and watching the city walk by in Chinatown adjacent to the city center. I think it was about $5 USD equivalent for me to do that. The retired couple I talked to that evening lived there permanently for several years and loved it. I also remember cats in restaurants, and being told they were welcome there because they earned their keep in taking care of any rodents. But it was pretty common to be sitting down for a meal and having a cat keep me company. They seemed well fed, and just wanted a pat on the head and some stroking. I do miss Malaysia, the people, the food, the cost of living were all very enjoyable. The tolerance of the Malaysian people to all the different cultures and religions was something I never saw before, or since.
@decTac8 ай бұрын
Thanks for your kind words ❤️🇲🇾
@chinobonito307 ай бұрын
what on earth are you talking about. 1 beer is gonna cost you 3-4 USD because of tax. in high end expat areas like the KLCC its more likely 8-10 USD a pint.
@nightskylights45015 ай бұрын
@@chinobonito30 dude, do you even read people's comment before commenting? He said that was 15 YEARS ago!
@lindadorman28698 ай бұрын
Malaysia is a wonderful country with all the attributes you described. But this new program sends the wrong message to retirees. It says "if you are young and affluent, you are welcome. If you are older and don't want to risk your nest egg, this is not the place for you." They should not be misrepresenting MM2H as a retirement program because it no longer is.
@keangwooichoo61388 ай бұрын
I understand your input and argument. Anyway the new mm2h shall be reviewed in one year's time to see the 'failure' or 'success'. No one knows what will be the end result. Perhaps restricting mm2h to above 60, it is not productive to the nation. Being young with money is more beneficial to the economy. My opinion only.
@AfiqAziz-ki1kn8 ай бұрын
Uhm, I think it is just common sense that if a country wants to bring in retirees from a foreign country. You got to prove that at least you have enough money to support yourself for decades to come. I mean, you don't want to bring in poor retirees that might deplete their savings after a couple of years & then what will happened? The government is going to support u? Dont get me wrong, I wish u all the best but if we are to bring in somebody to our country we at least want someone that could contribute to our economy beyond just consumption.
@3mKay8 ай бұрын
well yes, you are retiring here, you are retiring as a tourist, the deposit or income limit is just for you to prove that you can sustain yourself and to improve the economy. if you cannot sustain yourself and living frugally here while daily necessities here are subsidized, it kinda missed the point of the program. with the tier system, at least you have options
@neku27418 ай бұрын
This program is not for you to retire here, it's for people who actually can contribute to the country. Not failures who can't afford to retire in their own country and had to abuse currency exchange rate to barely retire. What do you as a retiree add to the country? You got to retire here but what do you add that the local can't add?
@keangwooichoo61388 ай бұрын
@neku2741 it is just an opinion. No need to be rude.
@DiasporaDoodles8 ай бұрын
This is why I love this channel. It give’s the bigger picture, which I can then adapt to a ‘Lite Version’ for myself. When I worked in SE Asia, I traveled extensively around the region and loved it. So, to get my trifecta, it only made sense to choose a property as my anchor - thanks to good advice. With residence permits in Europe, SE Asia and Africa, I am now watching closely to see what the future holds.
@nomadcapitalist8 ай бұрын
Thank you so much for your kind words! It's amazing to hear about your experiences in SE Asia and how you've been able to create a trifecta with residence permits in different continents.
@parody99308 ай бұрын
Main problem with the Malaysian government is that they keep changing the rules every few years.
@saschaganser96717 ай бұрын
Yes, but look at Thailand, same topic there. Or look at the Portugal NHR program, basically canceled.
@escalade87595 ай бұрын
That's a concern for most countries. You just never know when or how things will change.
@retardbuster14984 ай бұрын
I'm a local malaysian and i dislike our government for this. Most of the locals (sadly, not all) are actually very glad and honored to have expats as part of our community🤗🤗
@sgedit-r2 ай бұрын
Yes every time they change a prime minister ! There’s no consistency in they’re policies - pure madness
@andrewwetton92198 ай бұрын
The deposit for MM2H used to be RM150,000 if you were over 50. The Malaysian Gov increased the deposit to RM1m (x7)! Many many retirees from the west who are not wealthy were seriously put off. The MM2H processing fee was free. The Gov then said RM5,000 application fee! The monthly income requirement was formerly to show you had RM10,000 a month in pension or other income. Mal Gov increased it to RM40,000 a month. This shut out most applicants because the sup rich don’t come to retire in Malaysia. It’s mostly middle class middle income families from Europe. Annual fee was RM90 but Mal Gov changed it to RM500. Result = a 98% drop in applications. You can’t trust a country that changes the rules this significantly overnight. Look somewhere else ! Malaysia doesn’t want you. That much is clear.
@helloicanseeu28 ай бұрын
yeah, they change policies suddenly and are inconsistent, they only look at the entire thing as a cash machine
@CommoditySC8 ай бұрын
Newsflash.. Nowhere wants you. They want what you bring. They changed things for a short time for probably many reasons, now they changed again to something that makes sense. Thats all.
@maskmanfive37748 ай бұрын
Well they don't want stragglers ... Unlike the West who welcome Illegal Migrants
@neku27418 ай бұрын
This is actually to curb the westerner failure who escape the west because they can't afford to retire there. Malaysia is not a place for you to retire and enjoy life, you're abusing the system if you do that.
@patienceobongo7 ай бұрын
Like going from KLIA2 to KLIA1! :😅
@ednatham8 ай бұрын
Sarawak MM2H was there since day 1 just less promotion on this program. Borneo have their own immigration law. If u are on federal mm2h you can’t stay long term in Sarawak but Sarawak MM2h allowed east and West Malaysia without restriction.
@ednatham4 ай бұрын
@moh6410 of course. U only need to stay in Sarawak 30 days in a year. Rest of it, you can stay anywhere within Malaysia.
@peterg33658 ай бұрын
You don't mention that the government has announced that foreign income for Malaysian residents will be taxed from 1 Jan 2026. This is causing many people, already in Malaysia, to think about settling elsewhere.
@CometFire20108 ай бұрын
Slight note, exempt till dec 2026.
@peterg33658 ай бұрын
@@CometFire2010 Yes, thank you for the correction.
@hannesRSA7 ай бұрын
Seems important
@chinobonito307 ай бұрын
very important point. why on earth are these people not mentioning it? mmm.
@Yasin_Affandi8 ай бұрын
Happy New Year 2024 to you and your team. Thank you for this video. Wonderful content. It's a crystal clear clarifications for the new MM2H, elaborated excellently.
@escalade87598 ай бұрын
Great info! I will certainly keep this in mind. Thanks!
@ellylesnawati5738 ай бұрын
If it costs a lot less than & $9000 a month to live in Malaysia, it doesn’t make sense to have such income requirement. Then just live in the US😮
@patienceobongo7 ай бұрын
@hieveryone2003 Must be looking for Chinese fleeing the CCP or Russian fleeing Budens sanctions
@volaryu8 ай бұрын
This is awesome news for me, I already do everything health related in kuala lumpur
@paulhefner28138 ай бұрын
I am grandfathered in to mm2h but I have little confidence in the new system. For me I do not like the idea of spending 60 days in Malaysia every year. I think that it is far better to say how many days over 5 years. In addition, I am not sure that the income requirement has been officially removed. Motac still is not responding to questions. I have spent far more days than required. I do not like the change impacting existing mm2h visa holders, but it is still better than the last mm2h. I have the thai LTR visa and that was simple, cheap, and less rigid than mm2h. Thailands concern is taxing global income and still no final say in that area. thanks for your thoughts.
@kennyng22898 ай бұрын
I think you don't have to spend 60 days continuously in Malaysia. You can break it down to 60 days in a year. Example, 5 days in a month. You've to be in Malaysia for 60 days in total for a year.
@paulhefner28138 ай бұрын
@@kennyng2289 I agree. I phrased it wrong. A total of 60 days each year, but what if I like to spend a year somewhere else. To do 60 days then I must come back and stay in a hotel or other temporary place and I have pets. It seems like a burden to me. Why not ask money if I do not spend the 60 days in Malaysia. MM2H was supposed to be a second home. I have spent 1800 days but that counts as nothing in the next year.
@paulhefner28138 ай бұрын
@@kennyng2289 After reading my initial comment I did phrase it correctly. I did not say continuously, but probably that would be the case instead of coming back and forth to Malaysia just to meet that requirement. It was not well thought out in my opinion. It should have been a certain number of days over 5 years.
@cber50778 ай бұрын
If you find 60 days burdensome than why even bother with mm2h - just come in on a tourist visa …
@paulhefner28138 ай бұрын
@@cber5077 I guess you do not understand. MM2H visa was a 10 year visa and you could decide when you wanted to come and how long you wanted to stay. At that time they made no yearly requirement to stay 60 or 90 day. Many would not have taken the visa under those rules because a regular visa has no stipulations on how long you need to stay each year. When you do not meet the new rule then your visa is cancelled, and you are unlikely to get a new visa. So if you wanted to stay for 2 years in another year, but not this year then you are cancelled. It seems to be a policy not fully consistent with the needs of retirees or with the concept of a visa. Maybe you understand but I doubt it.
@AsmaTauseef-t3v5 ай бұрын
I lived in Malaysia in the early 2000's. I haven't found a country like that!
@kapdolkim19148 ай бұрын
I brought my money (for my MM2H) in at around 3.8 to USD. It rose to 3.0 at one point and now is at 4.6. But over the years the higher than average interest rate has resulted in deposit being worth more in USD than what I brought in back in 2006. And I see the Ringgit being somewhat stable at 4.7 or so going forward. I do not see a downside risk over the long term.
@cookmaster36268 ай бұрын
May I know what is the interest rate on the deposits in the bank. Thanks.
@DZ-dz9em8 ай бұрын
@@cookmaster3626somewhere around 4-5% per anum If you’re afraid of loosing with the currency rates , you can always convert your money into gold within the banks There are many ways to do…
@ThaiOdessy8 ай бұрын
@@cookmaster3626 Up to about 3% is the highest in any of the banks as of January 2024
@highend798 ай бұрын
@@cookmaster3626 Malaysian here , it's 3% at the moment (fix deposit) , it been 2.5% - 3% for pass ten years ? Yes it's low cpmpare to US 5% , but it was still 3% back when US is close to zero%. One strong point is even when US raise rate in fast pace, malaysia fd rate only up twice in small scale like 0.25%. I suppose that is more stable. But there is foreign currency fix deposit available in major local bank which you can bank in with foreign fd rate. Cultural , language or civilization(in major cities) integration is great, but for foreigner government still struggling to integrate it economically.
@ddnn9746 ай бұрын
@@cookmaster3626about 3.4% for FD
@JMgmkh5 ай бұрын
Live in the Philippines on a tourist visa that you can extend indefinitely. Cost is about 30 usd per month. Can extend online for up to 6 months (so no monthly or bi monthly visits to immigration). Must exit the country ounce every 3 years for minimum of one day.
@RayMak8 ай бұрын
So well explained !
@Aurumane8 ай бұрын
This man changed my view about so many stuff in my life. I would live to assist to one of your conference and maybe if I'm lucky shake your hand and take a picture with you. Is that possible. You truly changed my view is the west and have ne confidence to travel and explore. I'm in Thailand right now. ❤❤
@nomadcapitalist8 ай бұрын
Thank you for your kind words and for sharing your journey with us! It's wonderful to hear that our content has had such a positive impact on your life and perspective. We'd be delighted to meet you at our Nomad Capitalist Live Event 2024 in Malaysia. It's a fantastic opportunity to connect with like-minded individuals, gain valuable insights, and explore new possibilities. Looking forward to meeting you there!
@TT-by7tv7 ай бұрын
I was lucky enough to live in KLCC from 2015-2017. I really enjoyed living in KL and plan to be back soon to retire. Manila is just chaos. Cebu City has appeal but I like MH.
@emptybuddha53088 ай бұрын
Original program was superior. During the pandemic, MM2H holders who were out of the country weren’t allowed to return, so can u imagine if you’ve got a flat or house there. U had to wait for months to get back in. Terrible government service also.
@ReverendDr.Thomas8 ай бұрын
meditate: to think on, from Latin “meditat-”, meaning “contemplated”, from the verb “meditari”, from a base, meaning “measure”. In most religious/spiritual traditions, particularly those originating in Bharāta (India), meditation is a mental practice in which one either allows thoughts to appear in the mind (and simply observe those thoughts without judgement) or else one tries to focus all thought upon a single object. That object can be almost anything, yet most commonly is a religious figure (such as God, a demigod, or a spiritual master), a point in one’s visual field (such as a candle flame), a brief prayer (normally referred to as a “mantra”), or else, observing or focusing on one’s own breath (a fundamental part of “vipassanā”, in the Buddhistic tradition [“vipaśyanā”, in Sanskrit]). The main benefit of meditational practices is to free the mind of superfluous thoughts. Some individuals in the so-called “ultra-spiritual” community mistakenly believe that the cause of suffering is any thought whatsoever, and therefore, embark on a fruitless endeavour to eradicate all thoughts from the mind (or at least from the intellect - see Chapter 05). How I wish that every single one of those persons end-up in a coma for the remainder of their lives, since that is the only way that they will possibly achieve their impossible goal. Humorously, even coma patients can experience dream thoughts, so even then, their aim may be thwarted! Fortunately, as demonstrated in Chapter 15 of this “Final Instruction Sheet for Humanity”, the source of suffering is NOT due to thoughts as such, but due to a misunderstanding of how life operates. The cure for such nescience is unerring knowledge. In fact, I would posit that excessive meditational practices, such as that observed by the stereotypical Hindu/Buddhist monk who flees to a mountain cave in order to meditate for about fifteen hours per day, is actually detrimental to one’s spiritual development, because it weakens the intellect. Just as the physical body requires regular exercise, the intellectual dimension of the human person also needs to be exercised via the study of philosophy and yoga, which is especially important for those who profess to be spiritual teachers. Therefore, a healthy balance between contemplative practice, intellectual endeavour, and physical exercise is most beneficial. Possibly the most apposite form of meditation for the overwhelming majority of humans is a kind of ACTIVE meditation, in which one is perpetually contemplating how to best benefit society. Because it is practically impossible for one to fully control one’s thoughts, one should use the hyperactive nature of the intellect to its advantage, by constantly devising methods how to further dharma. This is the principal meditation practice of the current World Teacher Himself, The Saviour of Humanity, Jagadguru Svāmī Vegānanda. Some persons believe that one can learn the “secrets of life” (that is, to fully understand life/existence, and how to live one’s life in accordance with the universal, Divine Will) by sitting in the lotus position and focusing one’s attention on the base (or tip) of one’s nose for several hours per day! Undoubtedly, some have received wise insights during their meditation practice, but to assume that one can replace the accumulated wisdom of the sages over the past twenty thousand years or so, with an introspective path of illumination, is, sad to say, one of the many delusions of pseudo-spirituality. None of the great sages in history were so naturally enlightened as to dispense with a living guru. Even a single day spent at the feet of an actual spiritual master can be more valuable to gaining knowledge and insight into the meaning of life, than an entire lifetime of meditating on one’s navel (figuratively speaking).
@decTac8 ай бұрын
It was because of COVID obviously.
@kccheong11248 ай бұрын
Listen guys. Andrew could never be wrong about Malaysia. Now many Singaporeans, mainland Chinese and Indians are moving to Malaysia because half of the deposit money could buy land, landed property and high class condos in Malaysia. These types of properties in Malaysia could never depreciate in value and we Singaporeans love to buy land in Malaysia for durian farming, building private bungalows or factories etc. The longer you wait, the less opportunity you have because tide and time wait for no man. When the demand is met, the supply will disappear. This is the law of economics. (From Singapore)
@gofireroad7 ай бұрын
Malaysia official didn’t say the Silver can be renewable like old MM2H version. It’s said that you need to re-apply for the progress after 5 years. Means new conditions and applications fee need to meet. It seems a one-time visa. Certainly finally explanation still not announced
@martin33998 ай бұрын
To be honest, I totally disagree. There is no way I would deposit 1 million Ringgit in a Malaysian bank account. First of all, the money could be invested and work for you. If we are conservative and say 5-10% per annum, that's $10,000-$20,000 that you are effectively losing. Who on earth would pay that kind of money for the privilege of staying in Malaysia when 90 days are visa free anyway? Secondly: You are exposing yourself to currency risk. What if the Ringgit nosedives and loses 10% against the USD over the course of a year? That's another 20,000 USD down the drain. Yeah ... no thanks. I would MUCH rather pay for the Thailand Elite Visa. It's quite expensive too, but you don't have to lock your money away in some low-interest bank account.
@steveb76008 ай бұрын
And what is the dollar depreciates against the Ringit? You think our recent massive US money printing doesn't make this more likely? A big benefit is being able to open a bank account in Malaysia with residence, are you gonna be able to open a Malaysian bank account do that on a tourist visa?
@kennyng22898 ай бұрын
Interests will be given for the RM5 million kept in the bank. Of course, the interests rate will not be 5 - 10%. It will be less. You can take out 50% of the RM5 million for purchase of property, for health care or for children's education.
@seanlee76708 ай бұрын
Property price in Malaysia unlikely to go up and highly possible to go down. Ringgit going down and down. Meaning money in Malaysia bank will be lower in value. Politically unstable. Policy can change anytime. Very good example, Forest City.
@decTac8 ай бұрын
Forest City is doing well in 2024 onwards, with the Sultan of Johor takes turn next month as the new King of Malaysia..
@seanlee76708 ай бұрын
@@decTac you can really foresee the future. How about iskandar?
@decTac8 ай бұрын
@@seanlee7670 you don't follow up the news, you are dreaming literally 😆
@seanlee76708 ай бұрын
@@decTac your English is bad. Is mean now. Now is good? You better drive there and take a look if you are in malaysia.
@seanlee76708 ай бұрын
So what if sultan of Johor become agong? For so long Johor is good? Flooding at kota tinggi, Johor bahru, kulai. Hope it make a difference and your prediction really come true.
@fadhlimn52768 ай бұрын
The Malaysian govt is missing a serious opportunity here. They should create a specific visa for retirement with the original mm2h requirement, only for the over 60s, but only last for 3 years, and renewable for RM10,000/pp. What we will get is a bunch of harmless old people with money to spend. The govt basically get free money, and the retirees can spend their dollars in the sun and support local employment. Who does that hurt?
@oseealiz8 ай бұрын
They are very scared. They think people will come and take their land :)
@perrykomick94788 ай бұрын
Ever consider running for Prime Minister of Malaysia...with all that wisdom? 😂
@mrj4758 ай бұрын
Nah, boomers are not easy to take care, health issues
@paulhefner28138 ай бұрын
Malaysia has millions of illegals. They build the infrastructure and do most of the real labor in the country. Sadly, some people made the mm2h visa holders scapegoats. Most retired mm2h visa holders will not buy property because it is overpriced, illiquid and there are minimum amounts. The elephant in the room is why do this, but I think we know the real reason.
@HoDLum8 ай бұрын
Maybe ML is not interested in attracting retirees. did not work in Thailand and will not work in ML. Retirement visas In Thailand did not attract retirees with money, it attracted cheap Joes who try to live king's life on 500 USD budget. Just not worth it for the country.
@jamalgreen30568 ай бұрын
Malaysia is developed now but Thailand and the Philippines partially.This is why the Philippines and Thailand is a better fit for people in there 20’s because they are still developing.With the new tax laws being implemented in Thailand and the Philippines I’m going to be looking for the cost of living to be going back down in the near future in Thailand and the Philippines.
@Daniel_RG8 ай бұрын
The Philippines has a population of 115 million people crammed into 300,000 square km (almost twice the population of Thailand in half the space). I wouldn't put it in the same basket.
@jamalgreen30568 ай бұрын
@@Daniel_RG besides the population they are both developing countries and emerging market economies these type of countries improve better with younger generations so as Africa instead of retirees and high earners.Because most of there population is average earners anyways Thailand and the Philippines has never had a multitude of areas sighing there country that are wealthy or at least millionaires they have always had more poverty.But they finding ways and alternatives of improving there economy but there taking a different approach something unexpected and improving there economy by building a stronger middle class and making it less desirable for high earners and retirees.
@keangwooichoo61388 ай бұрын
Being more developed is due to less calamities, smaller population, revenue from oil and gas is quiet abundant. Downside, it attracts "flies" meaning illegal immigrants from Pakistan, india, nepal, Bangladesh, indonesia, myanmar, vietnam, philippines. Dangerous to our national security. Not to mention refugees from rohinyas. They are involved in crimes.
@SeasonsLover8 ай бұрын
Apply Malaysian citizenship by naturalization: 21 yrs old above, live legally for 10 years(any visa), pass Malay language test(lowest mark 1, highest mark 8, passing mark is 2), in 2023 citizenship application process period is shortened to 14 days (Malaysiakini and various news outlets)
@nomadcapitalist8 ай бұрын
Congratulations! 😊
@DebyColes8 ай бұрын
Are you absolutely sure there isn't any income requirement? Do you have some insider knowledge? Most of the MM2H agents are saying these details are only the preliminary announcement and the full details will tell us what the income requirement is per month. They are still expecting there will be one. Keeping my fingers crossed you are right and the income requirements have been removed.
@goodyearspokane8 ай бұрын
Great place to live.....rains almost every afternoon and way too humid to play golf
@martypoll8 ай бұрын
Hmm. Interesting but . . . I am an American retiree in Thailand on the 10 year pensioner LTR visa. I really have only three qualification requirements - age over 50 years old, $80,000/yr passive income (my work pension), and health insurance. No bank deposit requirements. The visa has a one time fee of 50,000฿ (~ $1,400). Multiple entry. One year reporting but not the typical 90 day reporting.
@buhlerfabii27848 ай бұрын
I’m closing in on retirement, and I'd love to move from Minnesota to a warmer climate, but home prices are ridiculous now.. do I look at other assets and wait for housing crash, or go ahead with house purchase anyways?
@finnnagner17558 ай бұрын
Very true, people downplay planners role, until burnt by their mistakes. I remember just after my layoff early 2020 amidst covid outbreak, I needed to stay afloat, hence researched for license-fiduciary advisors. Thankfully, I came across someone of practical knowledge, and decades of experience.
@georgeearling9058 ай бұрын
The first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial advisor but it's advisable, you make use of financial advisor.
@braytoncornell96788 ай бұрын
I have turned over more than half million working with Chris Ryan Stewart on a wide array of options and finally sticking to a few that have been favorable in the past 2 years. I began working with him in October 22 after the Fed lended 300b usd for stimulus to stem crisis, I knew I needed help.
@hillarybriggs25618 ай бұрын
How can I get in touch with him?
@braytoncornell96788 ай бұрын
CHRIS RYAN STEWART GOOGLE THE NAME
@xiaomashitu8 ай бұрын
Welcome Everyone To Malaysia 🎉 And Do Grab The Real Estate Opportunities 💪
@davidlow65398 ай бұрын
"We are still awaiting clarification on the minimum monthly income required to be eligible for the visa, although they may have removed this requirement. The existing program requires proof of income of RM40,000 per month." Do you know if this is true?
@kazmistan5 ай бұрын
If you get the platinum plan, how long does it take to get a permanent residence? Also, after obtaining the PR, does that negate the 60 day per year requirement total of you and your spouse residing in Malaysia?
@nomadcapitalist5 ай бұрын
For more details you can see this video: kzbin.info/www/bejne/kGHUdoepfcp8fbM
@jackyback39758 ай бұрын
Keeping 5,000,000 millions in the account to keep you PR is not real PR. The PR is conditional, because if the deposit goes under 5,000,000 than you lose the PR.
@seanlee76708 ай бұрын
Malaysia ringgit has been losing its value for years. The 5mil worth lesser over time as compared to many other currencies. Think twice.
@jacqdanieles8 ай бұрын
@@seanlee7670🎯
@cber50778 ай бұрын
@@MuzzaHukkadoesn’t work that way. You have to have a Malaysian father to have a chance at citizenship.
@cber50778 ай бұрын
@@MuzzaHukkano. Malaysia doesn’t have birth place citizenship; as far as I know, the father has to be Malaysian.
@hansbambach48548 ай бұрын
Until they get fed up and change it all over again. I witnessed how absolutely appalling existing mm2h residents were treated during and after Covid with many forced to sell up and leave because of the ill thought out and damaging requirements of the last mm2h rework. The Malaysian government is unbelievably corrupt now, zero accountability and couldn’t careless for their mm2h residents. I will never go back.
@eshgholah6 ай бұрын
What about the people who want to live in Malaysia as retired people and spend their retirement income instead of running a business in Malaysia?
@KS-zd4ew8 ай бұрын
property prices and std of living is wayyyyy cheaper than Singapore
@Onion_Knights7 ай бұрын
currency at play, plus Singapore is small, available land to build a house are scarce. Singaporean even go to Malaysia to buy their second home, go back and forth occasionally to fill their car with fuel and groceries
@HoDLum8 ай бұрын
Sp potentially.. if I get 5 year permit a some point this year and the program gets cancelled, I'd be out after 5 years. Bu the 15 year program makes a lot of sense if you can spend half the money on property.
@chiangea34958 ай бұрын
Malaysia Digital Normad Visa. Age :18 Annual income : 24,000 Valid for 12 months. KZbinr ichang RM & her husband from Japan got this visa and they are now living in Malaysia ❤.
@Jof3658 ай бұрын
They got it thanks to their celebrity in Malaysia what about the others, crypto trader, marketing and online designers...
@beatrixbagdi73625 ай бұрын
Simple digital nomads are rejected, after several months of waiting...🥺
@InstantLuc8 ай бұрын
What a perfect South East Asian residence to have. Compliments a residence in South Korea or Japan well
@dstnrunner8 ай бұрын
The only thing I disagree with is "great weather".
@r2Facts8 ай бұрын
What if you are “Married” to a Malaysian my wife already has property there and the kids automatically have citizenship because their mom is still a citizen of Penang but a US permit resident.
@Bingpot_Cowabunga7 ай бұрын
To clarify, the revised MM2H scheme isn’t finalised yet, right? There may be further requirements to be added? And, as of now, we can’t apply for the scheme? So this video, whilst informative, isn’t based on the defined MM2H scheme? Thanks!
@tinglestingles6 ай бұрын
Yes
@DorieKong6 ай бұрын
Sarawak MM2H program is much affordable. Expats are only allowed to stay 30 days in a year and you can reside in any other places in West Malaysia. But applicants not under Sarawak MM2H program are required to get entry pass to enter Sarawak and Sabah. I am an America citizenship holder born in Malaysia. My American husband and I will planning to apply retirement visa retiring in Malaysia.
@nomadcapitalist6 ай бұрын
We have talked all about it in this video: kzbin.info/www/bejne/kGHUdoepfcp8fbM
@teresacherin66245 ай бұрын
Expats can ONLY stay 30 days? Or must stay a minimum of 30 days? Those are opposite results. If I have the Sarawak MM2H can I live all year in Sarawak?
@neilmahoney74585 ай бұрын
If you took Silver, withdrew 50% of the 500,000 deposit after a year, would you need to replenish the deposit when it came to renewal after 5 years (since only 250m remains)?
@sagepirotess63128 ай бұрын
Lets be honest.. Bangkok, you buy a condo to live, play the nightlife... Malaysia... buy to be domesticated and get medical needs met.
@touredjacked41678 ай бұрын
Domesticated..🤣🤣🤣
@isorokuyamamoto84238 ай бұрын
Malaysia is a nice place to live in, but not sure if it is wise to buy properties there? Value of the currency kept dropping relative to the major currencies. This means that if the property prices did not appreciate much, your wealth will go down.... The maintenance of their condominiums are usually not that good to...... Better to just rent if you want to stay there. .. IMO
@chinobonito307 ай бұрын
big tax changes from 2026. but he is saying its a 'tax friendly country?' also no mention of the depreciation of the RINGGIT long term which is a huge risk. i think the audience is forgetting that the 2m needs to be MAINTAINED in the account for 15 years. so its a long term depreciating asset, who wants to do that? i know Andrew loves the country personally but still
@wow-38 ай бұрын
It's easy. Like this. If you want night life style like strip club. Drinking. Beach bikini girls. Chip prostituting. Ganja illegal. Goes to that country. But if you want high luxury life style expansive go to Singapore. But if you want family friendly environment. Like Singapore but less expensive Go to Malaysia.
@muhammadaliinam265 ай бұрын
How is US earned income taxed in Malaysia ? Are you double taxed ?
@selena2250Ай бұрын
How much is it to renew the silver / 5 year visa? Wouldn't that make the most sense to get? If easy to renew? Do you still need $9000/mo income or what is the monthly income requirement for the silver?
@Molloy19518 ай бұрын
This is another program that won’t fly. If we compare to other residency programs, the new MM2H is not competitive. If I wish to get residency in Malaysia, I would set up a legal entity in Singapore, which would open a Representative Office in Kuala Lumpur. This Representative Office in Kuala Lumpur, then, would hire me as an employee. Easy peasy, reliable, and way cheaper than the new MM2H.
@timothymcclain21508 ай бұрын
Thank you for the great explanation/analysis. I am becoming more and more interested in Malaysia. One question I do have from a geopolitical perspective - does living so close to the Malacca Strait give you any pause? As you know, it is a potential major, military conflict point involving multiple stakeholders including China, India, and the US. China imports more than 70% of the PRC's petroleum and LNG exports through the Strait of Malacca. I am well aware that conflicts can potentially occur everywhere in the world, but this is a sensitive area.
@DanielLee-qb6yj8 ай бұрын
Hi, a Malaysian here. Yes the Malacca Strait is a little sensitive due to its strategic importance, but it still carries a way lower risk than Korea, Taiwan or the Middle East since there are no real opposing powers in the region. The gatekeepers, Malaysia, Indonesia and Singapore are all a part of ASEAN and we also have the strongest ties within the group. India is also quite friendly towards us. China still carries a small risk due of the South China Sea issue, but they are still too far away to incite direct conflict with us, especially within West Malaysia. Hope that's helpful!
@alhkcblack96178 ай бұрын
You're concerned that soon there may be a potential flashpoint conflict between the US navy trying to blockade Chinese ships from transporting oil through the straits right? Yes that's a possibility but like Daniel said other parts of Asia like Korea and Taiwan are far more risky. In a naval blockade battle between the US and China the two navies won't be bombing Malaysia they'll mainly be shooting at each other far out at sea and the distance is far enough from the land. There shouldn't be any danger unless they start popping off nooks but even if they did those would be up in North east Asia. If you're really nervous I'm sure you'll get lots of lead time because once there's a stand off in the region between US and Chinese navies it'll be all over the news and you can choose to take a quick flight up to Thailand or far away to Australia before the fireworks start. 😅
@timothymcclain21508 ай бұрын
@@DanielLee-qb6yj It was. Thank you.
@al87758 ай бұрын
Straits of Malacca is a very secure place ....it will never blow up..
@khoo51998 ай бұрын
Malaysia is very underrated that most of the powerful nations don’t bother with us. Plus politically govt tries to be friends with both USA and China
@melvinwh7 ай бұрын
For platinum, when can i withdraw or use the remaining 50% of fixed deposit that is required to be kept in the bank account? Is that stuck forever with the malaysia bank? Will i get it back if i revoke my permanent residency?
@stingray92258 ай бұрын
Welcome to Ghost City in JB
@missives38946 ай бұрын
Malaysian government is known for its goal post moving and currently their currency basically depreciating so rapidly. Are you ready to convert your $100k usd to banana notes in exchange to living there? It certainly won't hold the same value to the time you deposit that amount in. Weigh your pros and cons before doing so.
@KingShaf78 ай бұрын
So what interest will you earn on your bank deposit?
@johnjohn-sg1gt8 ай бұрын
so no monthly income requirement?
@windmill19658 ай бұрын
You are asking the most crucial question. There was no announcement regarding income requirements. There was no announcement whether the income requirement has been abolished. There was no announcement what the new income requirement would be. No announcement at all. That's why many people are saying that you'll have to "wait and see" until the full list of requirements will be published. The only thing that was announced is that there will be three tiers instead of one tier.
@RavarsenBlogspot8 ай бұрын
I have liquid but I don’t keep my money idle. That’s a no for me
@ginbarato11787 ай бұрын
How hard is it to get a nomad visa for a software engineer? I dont make over 24k year annually but I am close
@Gossuarit7 ай бұрын
For the platinum pass, can the dependents also acquire PR?
@JYbD2015-sg9xx8 ай бұрын
My concern is that they could reject the renewal if the monthly incomes somehow drops below $9000.
@chiangea34958 ай бұрын
Malaysia : 1.Tax friendly 2.Great weather 3.Nice people 4.Foodie heaven 5.Majority of it population can speak English. 6. Low cost of living & super low public transport cost. 7.Multi-cultural, heritage & religions. 8. Lower crime & homicide rate vs Bkk. 9. Better Air quality vs many major cities in SE Asia... during burning season many digital normad will run to Malaysia. 10. Top 10 diving site in Sepadan Island Borneo.
@robertbynon71898 ай бұрын
My understanding is that all the details of the program have not been released, including income requirements. Does anyone have anymore information on the complete program?
@nomadcapitalist8 ай бұрын
Great to hear that you're already aligned with health-related activities in Kuala Lumpur! It's a fantastic city with a lot to offer.
@DebyColes8 ай бұрын
That is my understanding too. Unless Nomad Capitalist have some insider knowledge the agents do not have, it might be a bit early to assert that there is no income requirement
@vincent911208 ай бұрын
Putting such large amount of money for 10y /15y or more is exposing your capital to currency depreciation. Your 5 millions Rm worths 1 million € today. But in 5 years it will def be lesser. I dont even mention in 10 years or 15 years. Just look at the historical trend of the MYR against USD or EUR for the past 5 years / 10 years / 15 years.
@Rittlesleo8 ай бұрын
Why would you only want a 5 year residency? I want a residency which can become permanent.
@PassionPno8 ай бұрын
No such thing as PR in Malaysia. Unless you’re married to a Malaysian.
@WhySoLoud8 ай бұрын
Do you have to have it all in just one account/bank? I hate the idea of "all my eggs in one basket" approach.
@ThaiOdessy8 ай бұрын
You worried about the banks going under? No such worries, the major banks in Malaysia are safe.
@pures1n8 ай бұрын
is there a minimum amount of time you have to spend in the country depending on your plan or is it whenever you want?
@windmill19658 ай бұрын
All three tiers (silver, gold, platinum) have the same requirement: you have to be at least 60 days per calendar year in Malaysia.
@HotelEuropaBasakАй бұрын
Something that nobody is talking about here.I may be wrong ( pls correct me if it s the case) , but Malaisia is on the common law ( anglo saxon legal system) so, i think that people wanted to execute a WILL and dispose FREELY of the way they want to have their money distributed when they die, Malaisia is allowing it. That s a point important for me.I can t do it in EU( i am Belgian, residence in Hungary), i can t do it in the Philippines ( where i was for 10 years), i COULD do it in England, Australia, Usa, Canada, .. but i DON T WANT to live in those countries anymore because of demographics,ethics, and you know..the way it goes there now. Malaisia makes sense for me
@DorJinTan8 ай бұрын
Look, Msia is a hidden gem. Shhh...
@worthlessman68608 ай бұрын
Awesome!
@tthh87573 ай бұрын
Why is the agent fee is so expensive at RM40,000?
@jpvskyfreak5 ай бұрын
What's going to happen with the PVIP program? Not a PR but it does allow you work, study and open businesses unrestricted.
@nightskylights45015 ай бұрын
If I had over a million dollars, why would I move to Malaysia or any other country?!! That's absurd! It has bad air quality, miserably hot and humid climate which I really hate. I'd stay in my cool and nice area in the NW of US, with clean air!
@mitsymoo75615 ай бұрын
Maybe one perk is you don't have to worry about gun violence?
@williamshevr4 ай бұрын
Healthcare, education, environment, crime rate, no woke nonsense, no need to drive a car for all and nothing, what 1 million $ gets you in MY vs USA, living a a great country vs living in a third world country (USA) disguised as a first world country, the people, the quality of food (real food, not contaminated by 100s of deadly chemicals) etc. I don't see any single reason beside wanting to stay close to family maybe? why anyone with 1 million $ would chose to stay in USA instead of moving to a civilized country like Malaysia, Thailand, Japan, european countries, Mexico etc.
@jacksonwong908 ай бұрын
Minimum RM 1 million for a property for foreigner .
@SaadonAksah8 ай бұрын
Wow. A lot to educate myself here 😂
@redgatecrt8 ай бұрын
All that outlay $$$$$$$$ in a falling currency???? Crap return on the money being mandatory held as a unsecured loan to the bank. Can only access 50% of outlay for medical, tourism or property purchase after 12 months Have to spend minimum $rm600k on property Digital ID being implemented. Crappy property market Good luck if the government changes like the last time. I’ll stick to my 90 days, cost me nothing
@S9.S46 ай бұрын
2M and only 15 yrs and no PR is such a waste ! 5M for PR , would rather invest in Australia and get a Citizenship pathway !
@theauthor32594 ай бұрын
Hows house prices in Australia vs KL City...as per andrew, the mm2h deposit can some of it be converted into buying property
@harrylen16884 ай бұрын
I am confuse dont understand that my monthly retirement $ 2600 wont qualifying to stay for long time!
@apakansaja85055 ай бұрын
*Marry a Malaysian and you definitely can become a citizen.*
@aripson8 ай бұрын
8:20 where is this, Andrew?
@LowMalaysia5 ай бұрын
Can the money in the bank be of any foreign currencies in equivalent of RM5million? Malaysia is a great place to live!
@colindant34104 ай бұрын
I don't understand the concept of having x units of currency deposited in a Malaysian Bank, and then being allowed to take y units out. I thought a condition was that a minimum balance be maintained in the bank. Please clarify. Thanks.
@christopherlaw91848 ай бұрын
The problem with MM2H is it can change again and again and again… Since the general announcement made by the MOTAC Minister in mid-December 2023 when he was in China for an official visit, there has been no further details and official announcement on this new version of MM2H. I lost all confidence in this program.
@Desizgirl38 ай бұрын
This is what keeps me from being too serious about the move to Malaysia, especially if I want to give up my current citizenship. There are no guarantees that the rules won't change and leave me adrift. I will be 65 this year and my income is fixed. It seems a bit of a gamble at a time in life when I would like more of a sure bet.
@Daniel_RG8 ай бұрын
@@Desizgirl3 The citizenship is notoriously hard to get: "Applications are frequently rejected with no stated reasons and no process exists to appeal these decisions. Out of 4,029 citizenship applications between 2000 and 2009, only 1,806 were successful". In addition, Malaysia does not recognize dual citizenship and, being a Muslim country, rights for men and women are different under the current citizenship law.
@mayfoo028 ай бұрын
@@Daniel_RGnot true abt tha rights for women n men r different. There's no such thing in Malaysia. Where did u get tat info from?
@Daniel_RG8 ай бұрын
@@mayfoo02 Of course it's true: "Malaysia is one of 25 countries that does not give mothers and fathers equal rights under the country’s citizenship law". For example, while Malaysian fathers can confer automatic citizenship on their children born overseas, Malaysian mothers who have a foreign husband are not able to do so.
@christopherlaw91848 ай бұрын
@@Desizgirl3 It’s too huge of a gamble. Don’t put your life and future in their hands.
@abusulayman_5 ай бұрын
But you can't apply now as it is suspended? So many people had said you can't apply as of now. Only those who applied before the changes.
@yuewming5 ай бұрын
Have you visited Petaling Jaya? It's a very popular residential area
@kennethyeung75568 ай бұрын
For the Silver program, is there a monthly income requirement?
@CometFire20108 ай бұрын
Nope. Just Fixed deposit I believe.
@windmill19658 ай бұрын
You are asking the most crucial question. There was no announcement regarding income requirements. There was no announcement whether the income requirement has been abolished. There was no announcement what the new income requirement would be. No announcement at all. That's why many people are saying that you'll have to "wait and see" until the full list of requirements will be published. The only thing that was announced is that there will be three tiers instead of one tier.
@BitcoinStrategy7 ай бұрын
Is the new MM2H that is discussed here already open for application? I am interested in getting the silver tier...
@tinglestingles6 ай бұрын
not available - program not started yet.
@yattmanntatt33608 ай бұрын
Work like robot in Singapore, Party animal in Bangkok, Settle down in Malaysia.
@Vijaraa3 ай бұрын
There was no mention of monthly offshore income stream. Is there no requirement on that now?
@waterfoker85584 ай бұрын
Does this money in the bank... have to be in some savings/checking? Can it be in a brokerage account for investing?
@samwd50394 ай бұрын
can we deposit the money in USD instead of converting those into their local currency? do we also get the interest profit?
@dmitrijusbezruckin90508 ай бұрын
Hi. Do I need to pay capital gains tax in uk 🇬🇧. If I want to move to Malaysia for ever. Tax in crypto.