Why Malaysia (MM2H) My Second Home
'Malaysia has one of the highest standards of living in the region with modern infrastructure and all necessary facilities in place. Settling in Malaysia is relatively easy if you meet the requirements. People who stay in Malaysia under the MM2H program are allowed to buy freehold property in Malaysia based on a mortgage. There are beautiful terrace houses, semi-detached, bungalows, apartments and condominiums all over the country. There are also some of the finest residences available in tourism zones – along beaches, near jungles, recreational places and city centers.
What Is The Benefits Of MM2H Programme ?
The Benefits Include:-
1. You will receive a 10-year Social Visit Pass and Multiple-Entry Visa.
2. After 10 years, it is renewable unless you violate the laws & rules of Malaysia.
3. During these 10 years, you are free to stay in Malaysia and travel as often as you like with no restriction or minimum period of stay.
4. You can import your car or purchase a new car (CKD/Locally assembled) Tax-Free. It is a great saving more than 36% (rate depends on car model and have to apply to relevant authorities within certain period).
6. You can bring in a maid from your country of origin or countries approved by the authorities of Malaysia after obtaining the approval from relevant authorities.
8. For housing loan, you can obtain up to 70% as compare to normal 60% for foreign applicants (subject to your credibility and bank rules).
9. Under this programme, for those countries has a “Double Taxation Agreement” with Malaysia, your pension fund that is taxable in your country shall be tax-free if you stayed more than 182 days a year in Malaysia.
** It is not pre-requisite to own properties to qualify for this program, but you are encouraged to purchase as it is much cheaper as compared to other countries in the region and is good for investment. You are allowed to buy landed property and will be 100% Registered Owner of your properties.
What are the criteria for MM2H application ?
*Proof of Salary or Income Statement of minimum RM10,000 per month
*Proof that you have minimum RM500,000 in your Bank Statement for the past three months
*Provide an original Letter of Good Conduct from the Police Department of your country
*Proof of Salary or Income Statement of minimum RM10,000 per month
*Proof that you have minimum RM350,000 in your Bank Statement for the past three months
*Provide an original Letter of Good Conduct from the Police Department of your country
*Proof that you have minimum RM350,000 in your Bank Statement for the past three months
*Provide an original Letter of Good Conduct from the Police Department of your country
What to do when you have obtained MM2H Conditional Approval Letter ?
Category A (below 50 years old)
>Open a MM2H Fixed Deposit Account of RM300,000After one (1) year , you may withdraw RM150,000 for the following :
(a)Purchase of residential property
(b)Medical reason due to poor health
(c)Children's education fees
*Medical Check-up [ MM2H Medical Form ]
*Purchase of Health Insurance
>Open a MM2H Fixed Deposit Account of RM150,000
After one (1) year , you may withdraw RM50,000 for the following :
(a)Purchase of residential property
(b)Medical reason due to poor health
(c)Children's education fees
*Medical Check-up [ MM2H Medical Form ]
*Purchase of Health Insurance
