Are you willing to establish your own personal business in Penang or do you have any plans to reside in Malaysia?

In that case the MM2H (Malaysia My Second Home Program) will help you settle down within this lovely state called (Penang). This program is bolstered by Government of Malaysia as a global residency scheme which enables outsiders and expatriates to stay in Malaysia on a long-stay visa for 10 years. It will be of great opportunity for those who would like to have a long time stay in this state, be it for business purposes or even for a retirement.

Malaysia has a dynamic and government backing policy for positive movement and therefore it is a country drawing in genuine enthusiasm from all over the world that are looking for a prevalent, low tax, astounding way of life destination in which to live, work or retire.

Here are the main reasons why, on the off chance that you haven’t as of now, you might like to consider Penang as your second home country – it’s the perfect spot for anybody looking for a first world, complex state in which they can possess freehold and moderate real estate pay practically no tax legitimately and accomplish an incredible personal satisfaction for all the family

Tax Free

Those that fulfill the health related as well as financial demands for residency in Penang under the MM2H scheme legally and legitimately stay clear of needing to pay any kind of pay duty whatsoever in Penang on their globally sourced earnings !


In Malaysia there are actually 21 private colleges, 17 state colleges, 5 foreign colleges, 500 private tertiary universities, 32 international schools. Basically, education and learning is profoundly valued in Penang and as a result the outcome the quality of education and learning offered across the board is exceptionally substantial. There are more than 40,000 foreign students presently studying in the country because of this, and also those that move there under the MM2H project could bring their young children together with them and secretly educate them from primary age all the way through college and beyond.

Health Care

The standard and accessibility to healthcare services in Malaysia particularly in the main towns like Penang – is extremely high. There are actually over 225 private healing centers and private expert hospitals like maternity centers and relief care homes along with some 121 government supported hospitals in Penang and almost all have the very recent when it comes to equipment and amenities readily available for treating every type of health issues .


The basic infrastructure in the main metropolitan areas, job as well as residential hubs in Penang is top class. E.g. New and improved motorways , road and rail networks , communications resources and general public facilities means that residing in the likes of Kuala Lumpur or Penang in Malaysia is much like residing in another first class city when it comes to the modernity of all available resources as well as fundamental infrastructure .

Cost of Living

In the same manner the truth that the cost of living in relative terms is indeed so minimal in Penang, that gasoline is greatly subsidized for instance, eating at restaurants is inexpensive and that you can hire a city centre flat for the same cost as one 3rd of the size and less well situated in the most of the European and North American cities and an average salary can make one really feel rich in Malaysia. Meanwhile, a top notch salary enables anybody to have the lifestyle of a king!

Friendly People

And lastly while many nations claim to having some of the most welcoming citizens in the world who open their arms and hearts to foreign visitors and citizens, Penang truly is a state of the most friendly, welcoming, open hearted and honest people you will ever meet who make genuine friendships and long lasting bonds with the astute international citizens who decide to call Penang their second home.

Lastly, are you a newcomer to Penang? Or are you planning to buy a property in Penang state? Then you have nothing to worry about as Panchor Residence Sdn Bhd is there to get things done for you.

At Panchor Residence Sdn Bhd, we undertake and complete several types of housing development projects successfully and we are as well striving to provide affordable housing to those people far and near who want to move to Penang. So if you are planning to buy property, contact us at