Accidental Retiree
Thinks s/he gets paid by the post
- Joined
- Feb 17, 2012
- Messages
- 1,500
From Walnut Creek to Malaysia. Wow! What a change, and what an adventure. Good luck to you. I hope it all works out well for you.
And that is very noble. Nothing wrong with that. I would like to use our years on SE Asia volunteering to help orangutan conservation. I find them more appreciative than many humans
You can't take salaried employment on the MM2h but you can blog for profit or open an Internet business (too much work for me) but you can volunteer.
If you were interested in expatriating you'd probably know a bit about CAFTA which is basically an assault on all the millions of middle class expats around the world that is slowly being implemented by our US government pol
. I would like to use our years on SE Asia volunteering to help orangutan conservation. I find them more appreciative than many humans
apologies on the typo. I was referring to FACTA - the Foreign Tax Compliance Act
From Walnut Creek to Malaysia. Wow! What a change, and what an adventure. Good luck to you. I hope it all works out well for you.
Money laundering rules designed to thwart terrorist funds from leaving the US make it enormously ridiculous for those just trying to get US source income And you have to deposit 50k into a local Malaysian bank account and keep it on deposit while on the visa program. Which in itself is hard because you can't travel with more that 10k without an IRS hassle
Have you looked at a banks that allow you to hold USD accounts in Malaysia as well a the US. Not spruiking any banks, but I have an HSBC premier account and part of the premier service is that they will open accounts for you in another country without you having to leave the US. Being in business in the US mean that they will have to comply with the anti money laundering legals.
You should also be able to transfer and/or withdraw cash from your US or MYR account without incurring exorbitant fees
Have you looked at a banks that allow you to hold USD accounts in Malaysia as well a the US. Not spruiking any banks, but I have an HSBC premier account and part of the premier service is that they will open accounts for you in another country without you having to leave the US. Being in business in the US mean that they will have to comply with the anti money laundering legals.
You should also be able to transfer and/or withdraw cash from your US or MYR account without incurring exorbitant fees
If you've ever looked into the hilarity of renouncing your citizenship it's really finny. Sad funny. The IRS will tax you on their idea of your lifetime income at one time and then you are given dirty looks when trying to re-enter the country
I loved the Indian-inspired food there and there was good Chinese food on tap, also. And I actually became addicted to Teh Tarik, so much that my companion was laughing at me.
Teh Tarik, Nasi Lemak, Satay, Laksa.....
It's all delicious
50,000 may not be enough in california but how about wyoming. if your willing to move to asia there must be some cheap places in US