A church friend of mine, who retired here, faced issues when his renewal of PR came up .. so I would watch that advice with a pinch of salt ..RobSg wrote:Thank you, Wd40. I just called ICA, and I realize it's only one person I talked to there, but it does make sense. She said that to keep PR, you can certainly retire here, but you need to also live here. If I were to live in the States for half the time, and rent a place here the other half, that might not be enough to satisfy a renewal. The woman said it's fine to retire here, but I should also live here a good part of the year.
Either in income or in investment.ecureilx wrote:I remember vaguely that MM2H also has some salary / income requirement ..bgd wrote: EDIT: Perhaps you can but just need to meet extra criteria, i.e. prove you won't be a drain on the country.
I wasn't clear, I was meaning Singapore. The link refers to the requirements to meet the Singapore Retirement Visa (or whatever they call it). If you are already a PR then perhaps the retirement requirements are different. There must be some financial criteria to be met, after all this is Singapore we are talking about.the lynx wrote:Either in income or in investment.ecureilx wrote:I remember vaguely that MM2H also has some salary / income requirement ..bgd wrote: EDIT: Perhaps you can but just need to meet extra criteria, i.e. prove you won't be a drain on the country.
http://www.mm2h.com/mm2h-requirements-t ... itions.php
What you described is what my church mate suffered, when his REP came for renewal .. as he was unemployed ..Mi Amigo wrote:Interesting thread. Two friends of mine who had both previously retired and spent some time away have had their REPs renewed recently. In both cases however, they are now doing consultancy work here and the ICA asked for documentary proof of this. So I realise that this may not be the same scenario as that of the OP, but if he had the desire / means to engage in some kind of ongoing paid activity that might help with an REP renewal.
I'm 48. In 12 years neither Singapore or MY would be on my list. Maybe Thailand or Sri Lanka or another low cost of living country (but not Indo). Actually I'm really looking forward to lviing in the woods of NC with my wife - we have a 4 acre lot with a great house on it, well water, septic and are only costs would be electricity, property taxes and telecoms.RobSg wrote:Appreciate the responses. The MM2H Retirement visa is for 10 years and can be easily renewed. You need to show assets of a certain amount and show you have a certain income at the time of applying only. Finally, you have to have a fixed deposit of RM150,000, which can easily be removed when you leave the program. The MM2H visa allows me to be gone as much as I want, and it's very easy to renew under the same provisions I entered it with. I think Malaysia is quite stable, and the MM2H is ranked in the top 5 world wide in all surveys for expats retiring. It's above Thailand or the Philippines.
If you have family ties in Singapore and own an HDB flat as SMS does, it truly makes sense to live here, although the health insurance could be an issue later on. There is much uncertainty in my case. I only rent, and I am single. I suppose I could rent a master bedroom at about S$1500/month, but is that a good quality of life? If I lived here as a PR, it would probably be for the most 6 months of the year, and maybe do a little substitute teaching, probably too little to even be taxed. In spite of what some say that a PR can retire here, I believe it is only if they live here pretty much the whole year at the minimum.
I look at MM2H as being a long term retirement visa. It is not really permanent residency, because it really does depend on the policies of the country at the time. However, IMHO, Singapore PR at my age is not permanent either, because there is a certain degree of uncertainty about whether you will be renewed.
Being a resident of your home country is permanent, and so I like the idea of the US as a home base. It's just the choice between Singapore and Malaysia for the other part of the year that drives me nuts.
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