Retiring in Malaysia

You have reached the Golden Years and will spend your retirement in Malaysia, it sounds like a tropical dream but can easily become reality. Retirement can bring uncertainty since your income is reduced and future expenditure is unknown. However, Malaysia has a very low cost of living compared to western countries which gives retiree the chance to live a luxurious, adventurous life for a reasonable amount of money. Malaysia even has been ranked the sixth best country in the world to retire in 2017. It also offers special programs and rules for retirees to make life more easy. In this section we highlight some most important things which will describe why Malaysia is a very suitable country for retiring without any hassle.

Ease and availability of residency visas

Malaysia offers a program called Malaysian My Second Home (MM2H) which gives retirees a 10 year social visit pass, which is also renewable. The program is aimed at people who wish to retire in Malaysia, currently just under 30,000 people have been approved under the programme. All visa holders are permitted to buy most residential properties, however, minimum purchase prices apply and purchases must be approved by the state authorities. Applicants must show they receive a regular monthly income over RM 10,000. Moreover, they must also show liquid assets of over RM 350,000 (above 50 years) or RM 500,000 (under 50 years). Applicants must pass a medical test and possess medical insurance to apply for a MM2H visa.

The MM2H experience of Robert Harrison
The MM2H experience of Angela Finbow

Healthcare

Healthcare in Malaysia has undergone some radical transformations and currently, the Malaysian healthcare is highly developed. It provides professional medical care and services that meet international standards. Most hospitals and healthcare facilities are staffed by highly-qualified experienced English-speaking medical professionals with extensive international qualifications.

Malaysia’s healthcare system is divided into two sectors, the public sector and the private sectors. In general, the healthcare is inexpensive, you will get good quality service for a moderate price.  Moreover, the Ministry of Health’s will promote Malaysia as a world health-tourism destination, what means that standards can be expected to continue to rise in the next few years.

Easy access to many destinations

International and domestic travel is generally comfortable, affordable and easy. Malaysia has a well-developed infrastructure, as well as several Airports. Outside of the cities, driving can be a pleasant experience. The scenery is lush and green and the roads are of mostly of good quality.  To drive in Malaysia you need a driver’s license (Malaysian or international). However, keep in mind that all vehicles travel on the left-hand side of the road, what can be different from your home country.

When living in Malaysia, you would be well-positioned to travel around Asia or practically anywhere in the world. The country has five international airports, 14 domestic airports and 18 airstrips. There are several airlines offering good flights for a low price. The county’s national carrier is Malaysia Airlines, some other main operators in the flying business are AirAsia, Firefly and Malindo Air.

Moreover, travelling by train and over sea is a good option. The KTM connects al major towns and even on to Singapore and Thailand. Many trains are fitted with sleeping berths for first and second-class passengers. Many popular island destinations like Langkawi, Pangkor, Redang and Tioman are easy accessible via the sea. Mostly people use a Ferry but also a small boat can be used to reach the islands.

Interaction with the local culture

Malaysia has a vast melting pot of cultures. Malays, Chinese, Indians, Bangladeshis, and other nationalities live side-by-side. To maintain this rich diversity, Malaysian culture emphasis the values of tolerance and harmony among family members, neighbors, and the community. Peaceful coexistence will make it easy for immigrants to get and maintain new local contacts.

Political and Financial Stability

Malaysia is a safe country, it is politically stable and financially growing. For more information about finance and economy, political stability have a look at the Real Estate and Finance section.