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However, to live in Malaysia as a retiree, you will need to apply for a Malaysian retirement visa. The Malaysia My Second Home (MM2H) program is a government-promoted program to allow retirees to live in Malaysia for as long as possible on a multiple-entry social visit pass.
To retire in Malaysia, you need to meet retirement eligibility criteria, submit a visa application, and demonstrate financial stability. Ensure you fulfill all requirements, prepare necessary documents, and maintain adequate funds for a successful retirement visa application.
As an expat retiree on a Malaysian retirement visa, you can transfer money into Malaysia tax-free. This includes offshore pension payments and other foreign funds. Tua Pek Kong Temple in Sibu, Sarawak, Malaysia
Malaysia has a retirement visa option that is one of the best in the world. “Malaysia My Second Home,” or MM2H as it’s known locally, grants expats a 10-year multiple entry visa, that is automatically renewed on its expiry at the end of the first ten years.
The Malaysia My Second Home (MM2H) program is designed to attract foreign nationals who wish to reside in Malaysia long-term. This program offers multiple benefits, including visa-free entry, opportunities for business and work, and tax exemptions.
The Retirement Visa is designed for individuals who wish to retire and reside in Malaysia without engaging in any form of employment or business activities. Holders of this visa are expected to have a stable source of income from outside Malaysia to support themselves during their stay.
With its eight key eligibility criteria, this visa offers a path to a tranquil and fulfilling retirement in Malaysia. But before you start packing your bags, you'll need to understand the intricacies of these criteria to ensure that you meet all the necessary requirements.
Does Malaysia Have a Retirement Visa? There isn't a specific retirement visa in Malaysia. However, the MM2H and PVIP programs allow you to live in Malaysia permanently and are the two most popular ways to stay in the country.
Established in 2002, this initiative offers non-Malaysians a multiple-entry visa, initially valid for a decade, which is renewable, thereby allowing foreigners, especially retirees, to have a long-term stay in the nation.
In this guide, we’ll cover everything you need to know about getting a Malaysia retirement visa. This includes eligibility, the documents you’ll need and of course, how much it costs. We’ll also touch on a handy, money-saving way to handle your relocation expenses - with a free multi-currency account from Wise.