A BETTER balance between good infrastructural development and relatively low cost of living compared with neighbouring countries make Malaysia, and Penang in particular, a very attractive place for expatriates.
The Expat Group CEO J. Andrew Davison said other plus points included the widespread use of English, the tropical climate all year round, abundance of food and shopping establishments and adequate health care facilities.
Speaking during a talk entitled ‘Malaysia My 2nd Home: There’s No Place Like Home In Malaysia’, Davison said the vast majority of expatriates that they surveyed had rated Malaysia as one of the nicer places to live in.
“The main reasons cited were the friendliness of the people and its climate,” he added.
He also expressed his hope that the government would relax its policy of requiring applicants to have a monthly income the equivalent of RM10,000 or more, as the current rules make it quite difficult for retirees.
Besides the minimum income requirement, Malaysia My 2nd Home applicants also need to show proof of assets worth at least RM500,000 for those below 50, and at least RM350,000 for those above 50.
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