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Old 26th May 2009, 07:33 PM
Gloucesterguy Gloucesterguy is offline
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Originally from uk. Expat in malaysia.
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Quote:
Originally Posted by Serendipity2 View Post
Hi aubella,


Hmmm, pay for the privilege of working - so long as the government approves of what I do? I'm not sure that's a plus. How about if what you know or want to do isn't allowed? That sounds very one-sided having to pay to work - and only up to 20 hours.

I would hope anywhere one went we could invest and 'manage' our affairs - but they want to regulate even that by require that one form a private limited company? More bureaucratic interferrence, red tape and expense so that the government can tax us? Not trying to be argumentative but again, not a very big plus to leave an extra $US11,500 in a government approved bank. Why not just go there, live on a regular 'Social" visa and every 90 days take a side trip. Annoying and a bit of a hassle but it sure gives you a lot more money that you get to keep. When people reach 65 being "allowed" to work but "only" up to 20 hours isn't really very attractive. I'm reminded of the quote - "That government is best that governs least". Nations do far better when they leave their citizens [and those who chose to legally live there] unfettered by an over-reaching government. That was what made nations great and the over-regulating is what destroys them. It made America great and now it's destroying it by over-reaching, unnecessary government bureaucrats insinuating themselves into every nook and cranny of our lives. Same is true of Italy - it's greatest days were the glory years of the Renaissance but look at that great nation now. A pox on a government that regulates for their own benefit. Anyway, thanks for your response but their MM2H program, which sounded so attractive, isn't attractive anymore given those extra burdens.

Serendipity2
Hi Serendipity,
I was womdering about the deposit money. Presumably, there will be interest paid if the correct account is chosen. Noticed a retiree deposit account might pay almost 4%pa- book marked that somewhere! Thought that might sweeten the bitter pill a little. Dont know if it is pssible to get higher than that without taking risks!
Quite liked the idea of setting up a small ltd company - Custom Dessmaking and Suits etc., employing my Filipina friend who is an expert at this. Would be very happy to work the 20hrs per week in this little venture. Think she probably works 90hrs per week now, just to scrape up a living wage in the Philipines. Maybe there is a rule preventing me from doing this!- Oh my god. Better that than trying to bring her in as a maid which is not possible under the rules it seems.
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