MM2H visa permit Benefits & Incentives
Once your application is successful, there are various benefits & incentives provided as below:
MM2H Visa Permit
10 year Social Visit Pass with Multiple Entry will be granted Stay as long as you wish & leave Malaysia anytime as you please Renewable after 10 years
House Purchase
Any foreigner may purchase any number of residential property in Malaysia, subject to the minimum price established for foreigners by the different states. They start from RM500,000 per unit for most states, from 1st March 2014. Land is a state matter and it is important to check state laws before making any commitment, as the minimum purchase price is not standardized between states.
List of minimum price for purchase a property for each state (click here)
Car Purchase
Each participant is allowed to bring in his/her own car (used) or purchase a new locally-assembled car without having to pay import duty, excise duty and sales tax. However, they must apply for prior approval within the 6month / 1years time period given by the Finance Ministry and Ministry of International Trade and Industry. Participants are only allowed to sell their imported/locally purchased car after 2 years' stay on the MM2H programme by paying the prevailing duties).
Domestic Helper
Each applicant can apply for one maid subject to the prevailing guidelines of the Immigration Department.
Education
MM2H participants are allowed to bring their children who are below 21 years old and not married as their dependants.
Tax
Tax Exemption is given to remittance of offshore pension fund into Malaysia & any other foreign funds transferred into Malaysia.
Business & Investment
You can own and actively run your own business, terms apply. Generally any MM2H visa holders can own their own business as Directors without the requirement of any Local Malaysians, terms apply.
Working Part Time
Over 50 year olds can work part time, terms apply.
Other
- Import personal / household items, tax exempted
- Invest in local companies, share market & unit trusts
- Interest gained from bank fixed deposit is tax exempted
- Your parents can also join you as dependents under a renewable long term (6 monthly) visa
