South-East Asia is fast becoming a preferred destination for those who want to get away from a daily commute and a 9-5 job. We take a look at freela
Over the past few years, the Malaysian government has taken big steps to create a healthy climate for investment and trade. These reforms have paid off; unemployment is falling and the country’s GDP is growing. These developments have made Malaysia an interesting place to live and work for immigrants.
Things move fast in the country and that means expats are able to grow their business, knowledge and experience quickly. The number of immigrants is rising so there are many people to learn from. Business culture in Malaysia is quite similar to most Western countries so there’s no need to prepare for major changes.
The country’s rich, Asian culture offers a lot of new things to discover and generally day-to-day life is definitely not like many other places. Traditional holidays with their own rituals and habits, a rich cuisine that can be described as a melting pot of the best from Asia and a stunning country with a wide variety of atttractions to visit and enjoy.
Malaysia enjoys all Western luxuries imaginable so moving to the country could be a step forward in many ways. The culture, the development and of course the beautiful places. Temples, mosque’s, beaches, cities and national parks: Malaysia offers the best of both worlds.
You could be eligible for this ten year, multiple-entry permanent residency visa if you meet the following requirements.
- If under the age of 50, you need to deposit a minimum of RM300,000 in into a term deposit in Malaysia (approx USD$72,000) and prove that you have a net worth of RM500,000. You can withdraw half of your deposit after one year in order to purchase a home. You also need to show a minimum offshore income of RM10,000 per month (Approx USD2,000).
- If over 50 years of age, you need to deposit a minimum of RM150,000 in into a term deposit in Malaysia (approx USD$36,000) and prove that you have a net worth of RM300,000. You can withdraw up to 50,000 ringgit after one year if you use the funds to purchase real estate in Malaysia or pay for educational expenses or medical care.
- If over 50 years of age you also qualify if you show a minimum offshore income of RM10,000 per month (Approx USD2,000)and prove that you have a net worth of RM300,000.
This visa doesn’t allow you to work in Malaysia.
If you are a tech founder who wants get support in Malaysia and access to the Asian markets, this visa is for you. There are two programs as follows:
- If you are a New Entrepreneur the fee for 1 years residency is MYR 2650 (approx USD 600).
- If you already have an established business, you can get 5 year residency for MYR 5300 (approx USD1200).
You also need to show that you have MYR 50,000 (approx USD 12,000) in the bank to support yourself as well as your proposed business idea, market opportunity and plans in securing funding.
Youth Mobility Visa
- If you are an Australian or New Zealand citizen between the ages of 18-30, you may be eligible under the Working and Holiday Visa programme. Note: you may need a letter of government support to undertake this type of visa.
To find out if you need a tourist visa to visit Malaysia, please use the VisaHQ tool below.
- If your spouse is a citizen or permanent resident, you are eligible for residency. Please note that your status of spouse needs to be legally recognised in this country.
- See the citizenship section below for more information on residency or citizenship based on descent.
Here are some of the ways to get citizenship in Malaysia:
- If one or both of your parents were citizens when you were born, you are probably also a citizen.
- If your spouse is a citizen, you can apply for citizenship after 2 years of residency. Please note that your status of spouse needs to be legally recognised in this country.