Malaysia My Second Home Programme (MM2H)

What is MM2H Program?

The Malaysia My Second Home Programme (MM2H) offers non-Malaysians a ten year renewable visa and various other privileges. This programme is primarily attracting people who wish to retire and stay in Malaysia or having a second home as an investor in Malaysia. To qualify for the program, applicants must meet certain financial and medical criteria. Successful applicants are then entitled to enter and leave the country on a largely unrestricted basis, and also benefit from other incentives aimed at making their stay in Malaysia more convenient. Certain restrictions may apply. Meanwhile, Applicants are also allowed to bring along their dependants (children below 21 years of age, step children, disabled children, and parents, over 60) under their MM2H visa. Older dependent children will have to get a separate visa.

What is MM2H Privileges?

TEN YEAR VISA FOR MALAYSIA

Successful applicants will receive a ten year visa which allows them multiple entry and exit from the country. However it should be noted that the visa is issued based on your passport validity. It is very important to check the expiry date of your visa when you receive it as it may well not agree with the passport validity. In most cases the visa will expire some time before the expiration of your passport. You are required to obtain a new passport and get the visa extended before the expiration date of the visa chopped in your previous passport. Failure to do this means you will have to pay a penalty as the immigration department will regard you as being in the country illegally.

The government has advised that this visa does not lead to Permanent Residency. Obtaining PR in Malaysia is a difficult and lengthy process. But there are still way to get it done through our consultancy, but applicant of MYPR must be very strong in term of their investment and their duration of stay in Malaysia.

HOUSE PURCHASE IN MALAYSIA 

Participants can apply for a bank loan in Malaysia for the purpose of purchasing a property. (There is a minimum price, which has changed more than once on recent years and varies depending on the state) It should be noted that local banks will require evidence of ability to repay the loan and usually require repayment by the time the borrower reaches 65 or 70. It is possible for foreigners to buy freehold land in Malaysia. All property purchasers have to receive state approval, which can take up to six months to secure.

DUTY FREE CAR PURCHASE IN MALAYSIA 

A participant can choose to either import one car, which already belongs to him, from his country of residence subject to approved permit (AP), which is exempted from payment of import duty, excise duty and sales tax OR purchase one locally made car in Malaysia free of any taxes. It should be noted that if you import a car it must have been owned by the applicant before the MM2H application was submitted. Approval for this has to be done after getting the MM2H visa and can usually be obtained within one month.

DOMESTIC HELPER

Each applicant is allowed to apply for one maid subject to the prevailing guidelines of the Immigration Department of Malaysia. The domestic helper can only be hire from the Sumber country such as Philippines, Indonesia, Myanmar, India, Pakistan, Nepal, Vietnam and Thailand.

IDENTIFICATION CARD

Participants may apply for state ID cards from the Immigration Department headquarters allowing them to pass immigration checkpoints into Malaysia as residents rather than foreign nationals.

TAX EXEMPTION

Tax exemption is given to remittance of offshore pension fund into Malaysia. Foreign-source income is not taxable in Malaysia.

Import personal / household items, tax exempted
Invest in local companies, share market & unit trusts
Interest gained from bank fixed deposit is tax exempted


For more information about Malaysia MM2H Programme can drop us an enquiry below or contact Jayden at whatsapp number: +60126093011