Malaysia
For a great price, Malaysia offers retirees warmth and culture. The capital, Kuala Lumpur, has a low living cost as well as lots of free activities, such as strolling through the Perdana Botanical Gardens and admiring the views of the soaring Petronas Twin Towers. Temperatures range between 77 degrees Fahrenheit and a humid 95 throughout the year. Keep in mind there is a monsoon from October to March. A cheap local meal typically costs $3 in Kuala Lumpur, while a three-course meal for two costs as little as $18. The average rent for a one-bedroom apartment in the city center is less than $600 a month.
Malaysia
How to retire in Malaysia
For retirees over 50, they can apply to Malaysia’s ‘My Second Home’ (MM2H) program. It requires proof of about $86,150 in offshore liquid assets as well as a monthly income of $2,500. Once you get approved, you’ll need to open a Malaysian ‘fixed deposit’ account and hold $37,000 in it for a year. After that, the government will require you to maintain a minimum balance of $24,600 for as long as you’re there. While it’s generally safe in Malaysia, it’s still a good idea to invest in home security. Also, avoid carrying valuables in tourist areas and stay out of the eastern Sabah region. The nation has world-class healthcare and efficient private clinics at low prices. Plus, English is widely spoken in major cities.
How To Retire In Malaysia
