Quote:
Originally Posted by rjnpenang
Why donīt the Malaysian goverment let MM2H expats work?, my wife was born in Penang, studied nursing in the UK but now has a British passport, result; not allowed to work, all that experience wasted. Also, with our apartment costs we have invested nearly a million RM in Malaysia, surely we could get something more back than a cheap car.
. . . .
I suspect it may be too much paperwork for the goverment, mind you if I was a penniless Bangladeshi I could always get a sponsor/job.
|
It has nothing to do with paperwork. The logic is crystal clear. Governments want your money going to them, they don't want their money going to you. The reason they offer the Malaysia second home deal is precisely to get retirees to invest assets but not work.
But a lot of countries have arrangements whereby you get a work permit if you set up a company with a minimum amount of investment. This implies you may need to withdraw your assets from MM2H status and shift into business investment status.
A local lawyer will know what type of arrangements you can make. They may know how you can simply change status by signing a few papers and re-registering your property as business investment. Since I see you live in Penang, I would suggest looking for a Malaysian lawyer, rather than a Chinese or Indian one in this case, and one allied with the strongest political party. You can buy an aristocratic title in Malaysia, called Datuk, so you can probably buy anything else.