LOOKING FOR A WARM, FRIENDLY AND STABLE COUNTRY FOR HOLIDAY OR RETIREMENT? MALAYSIA WILL NOT DISAPPOINT YOU.
Programme supported by Government – the Malaysia My 2nd Home Programme (MM2H)
Malaysia, strategically located in Southeast Asia, consists of two non-contiguous areas : peninsular (West) Malaysia and the states of Sarawak and Sabah (East Malaysia). Geographically free from natural disaster, Malaysia has been on top of the chosen country for holiday and retirement. To ease and facilitate the foreign residents who want to have a long term stay within the country, the Malaysia Government established an international residency scheme to allow the eligible foreigners to obtain an 10-year long stay visa, which is popular known as Malaysia My Second Home Programme, which is commonly known as MM2H.
Good standard of living – Malaysia provides a good standard of living while maintaining a low cost of living. With the newly completion Mass Rapid Transit rail and existing light Rail Transit and other public transportation systems, the country is well connected locally and internationally via flights from major cities worldwide.
Weather – experience warm, sunny and with moderate rain throughout the year, Malaysia has been the choiced country for foreigners from up north, which has cold weather most of the time in a year. And also place where residents can enjoy fresh and clean air, worry-free of natural disaster.
Culture & language – Malaysia is a multi racial and multi lingual country. People preserve their traditional culture and celebrate the relevant festival accordingly. People can speak more than 2 languages on top of their mother tongue. Bahasa Melayu is the official language in Malaysia, English and Mandarin are widely spoken among the people. There would not be communication problem with your neighbours, students or even with the government officials.
Children’s education –Most of the foreigners apply for MM2H for their children’s education. With the opening of many international universities, for example, Monash University (Australia) in Bandar Sunway, University of Nottingham (United Kingdom) in Semenyih, Newcastle University (Medicine) in Iskandar Johor. Malaysia has attracted numbers of foreigners who wish for an environment which is suitable and safe for their children to improve their English language and further studies.
Incentives on the programme :
- 10-year multi-entry pass
- Tax-free income from abroad
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.
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.
Financial Requirements :
Under 50 years of age
Over 50 years of age
|· Proof of liquid assets of at least RM500,000 and offshore income of at least RM10,000 per month
· Proof of liquid assets of at least RM350,000 and offshore income of at least RM10,000 per month
|· Upon approval :
– maintain a Fixed Deposit (FD) of RM300,000 (can withdraw up to RM150,000 after 1 year for approved expenses eg house & car purchase, children’s education and medical purposes in Malaysia)
– for above RM1 mil property owner (cash purchaser) – only need to maintain RM150,000
· Upon approval :
– 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)
– for above RM1 mil property owner (cash purchaser) – only need to maintain RM100,000
For more detailed information, please visit www.mm2h.gov.my
If you are keen to understand and find out more about the programme, and wish to proceed with a hassle-free application, please call / email to the following MM2H agent for further details.
|Working Partner||:||Mr Lim Kok Sai, the President for Malaysia My Second Home Agents Association|
|Contact – mobile||:||+6012 208 1934|
|Contact –office||:||+603 7732 6821|
|Contact – email||:||firstname.lastname@example.org|