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Edward and Elsie's Retirement Dream with MM2H Edward, a business owner, and his wife Elsie, a homemaker, are both in their mid-50s and both of them have spent most of their lives in Wales. As they're now nearing retirement, they've been looking for a sunnier abode than the UK, ideally one that offers a better quality of life, without the high costs associated with retiring, which certainly is the case in today's UK, unfortunately. After coming across a number of so-called Golden Visas online, specifically, Malaysia's MM2H visa, the couple decided to consider Malaysia as their retirement destination. In fact, using their now mortgage-free house in Wales, Edward and Elsie plan to generate rental cash flow, which, according to their estimates, should be more than enough to fund their retirement in Malaysia. Relaxed Lifestyle in Malaysia Malaysia's decidedly unhurried pace of life and lower cost of living are highly appealing to Edward and Elsie, who, like most other retirees, are also very eager to enjoy their retirement without financial strain. The country's stunning natural surroundings, including castaway beaches, practically undiscovered jungle and cooler highlands, offer endless opportunities for outdoor day trips and relaxation. They're also looking forward to the balmy weather in Malaysia, as well as its welcoming culture. Now, the couple is aware that the step they're taking isn't exactly a trivial one. However, they're reassured, amongst other things, by the presence of a pretty significant expat community in Malaysia, including a good-sized UK contingent, which typically helps newcomers settle in more easily. Incidentally, the fact that English is widely spoken will also make for an easier transition, allowing them to engage with the local community without language barriers. Mind you, learning a bit of Bahasa Melayu, the local lingua franca, is bound to be a great conversation starter. Not to mention quite easy to master. Healthcare and Advanced Infrastructure After doing their due diligence on the topic of health and healthcare, Edward and Elsie are impressed by the quality of Malaysia's private healthcare system, especially the way private healthcare in Malaysia can provide high-quality medical services at affordable rates. Obviously, health and healthcare are important factors for retirees as they approach retirement age. Knowing they'll be able to access excellent care without the financial burden often associated with healthcare costs in the UK is a huge relief for the couple. Another benefit of living in Malaysia is its excellent infrastructure and connectivity. There are quite a few direct flights between Kuala Lumpur and London, for one, which will allow them to maintain their ties with family and friends in the UK. At the same time, Malaysia's proximity to Singapore, and its position as a gateway to the rest of Asia, provide the couple with countless travel opportunities. Financial Advantages of MM2H For Edward and Elsie, the MM2H visa is an ideal Immigration solution for a secure and comfortable retirement. One of the key benefits of MM2H is the lower minimum property purchasing threshold for visa holders, making it easier to buy a home in Malaysia. Of course, Edward and Elsie have, quite wisely, decided that they'll start by renting a home in Johor Bahru whilst they transition to life in the tropics. This will buy them some time before the time comes to commit to the purchase of a property. Once they've been approved for MM2H, the tax-exempt status of all funds wired from the UK to the couple's Malaysia bank is another significant financial tailwind. In practical terms, this means that their rental revenues, along with any of their UK savings they tap into, will not be taxed by the Malaysian government when it's remitted to Malaysia. Not bad at all. Furthermore, given the currency ratio of more than 5:1, the very favourable exchange rate between the pound and the ringgit means that the couple's income, upon conversion to ringgit, will go much, much further in Malaysia than it ever would as Sterling in the UK. Yet another welcome spending power bonus. No wonder the couple estimates that they'll probably be able to live like expats in their adopted homeland. Retirement Dream Come True Clearly, for Edward and Elsie, Malaysia offers the perfect opportunity to retire in comfort, convenience and security. The sun-kissed country's low cost of living, tax-free foreign income and welcoming expat community ensure that the couple can enjoy their golden years full-on and without any financial worries. Add the easy-going lifestyle and excellent healthcare and it quickly becomes evident how Malaysia is gaining more and more traction as the country of choice for a fulfilling retirement. Thanks also, to its golden visa, MM2H. If you, too, would like to learn more about Malaysia as a retirement destination, or its golden visa, click MM2H.co.uk. |
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