Malaysia My Second Home
Malaysia is located in Southeast Asia, The capital city of Malaysia is Kuala Lumpur where as Putrajaya is the seat of the federal goverment. Malaysia consists of two non-contiguous areas : peninsular (West) Malaysia and the states of Sarawak and Sabah (East Malaysia).
Malaysia is a multi-racial countries with English, Mandarin and Malay language commonly used to communicate. Foreign residents who want to have a long term stay within the country, the Malaysia Government established Malaysia My Second home Programme with is commonly known as MM2H.
It offers 10-years long stay visa. Not only is the MM2H program is well-known internationally, Malaysia is also selected as one of the best places country in Asia to live and retire in.
Benefit & Incentive
No any restrictions on race,
religion or gender
Ten(10)-Year Social Visit Pass with MULTIPLE-ENTRY PASS which is renewable every 10 years
Low entry. 100% risk free – all money is placed in the applicant’s personal name in Fixed Deposit Account, 30% to 50% of the Fixed Deposit can be withdrawn after one year
Applicants are allowed to bring their parents, single children and step-children, under 21 years old (amended rules, no student pass is required under 21 years old age) and one domestic helper
Applicants are allowed to register or own a business, work part-time in specialised industry and for those above 55 to work not more than 20 hours a week
Tax-and duty-free for importing one personal car or purchase of locally-assembled car. 6% GST (effective 1 April 2015) is applicable to car purchase.
Freedom To Travel
Parents’ Special Visa
House PurchaseWith MM2H Visa, any foreigner may purchase any number of residential property in Malaysia, subject to the minimum property price by different states. (Different states different minimum entry)
Profits made on the sale of property is subjected to current Real Property Gains Tax (RPGT) rate set by the Government of Malaysia.
For MM2H Visa holder
1st year - 5th year : 30%
6th year and above : 5%
End financing can be easily arranged up to 60% to 70% depending on your profile as well as the property profile. Foreigner with MM2H Visa can enjoy the same bank interest rate.
- You will be given exemptions on import duty and excise duty tax:
1. when you bring in your own personal car
2. when you purchase a locally-assembled car
- The personal car has to be imported into Malaysia within 6 months from the date of endorsement of MM2H Visa.
- Purchase of locally-assembled car has to be completed within 12 months from the endorsement of the MM2H Visa.
MM2H Application Requirement
These are some of the terms and conditions for a foreign individual to qualify that they are financially capable of supporting themselves after participating in the MM2H programme.
|UNDER 50 YEARS OF AGE||OVER 50 YEARS OF AGE|
|Proof of liquid assets of at least RM500,000 & offshoe income of at least RM 10,000 per month||Proof of liquid assets of at least RM350,000 & offshoe income of at least RM 10,000 per month|
Maintain a Fixed Deposit (FD) of RM300,000 ( can withdraw up to RM150,000 after 1 year for approved expenses eg house & car purcahse, children's education and medical purposes in Malaysia )
For above RM1 mil property owner ( cash purchaser ) only need to maintain RM150,000
Maintain a Fixed Deposit (FD) of RM150,000 or proof of government approved pension fund of at least RM10,000 per month ( can withdraw up to RM50,000 after 1 year for approved expenses eg house & car purchase, children's education and medical purposes in Malaysia )