MYR

Reasons to Stay in Malaysia

Malaysia My Second Home Incentives

Participants of the Malaysia My Second Home Programme are provided with various incentives to make their stay even more comfortable and enjoyable in Malaysia. The incentives provided are as follows:

Read More

HOUSE PURCHASE

Each participant is allowed to purchase up to two units of residential houses at a minimum price of above RM150,000 each, depending on the location of the property. Generally, the minimum prices for house purchases are:-

  1. Above RM350,000 each for certain areas in the state of Sarawak
  2. Above RM250,000 each for the states of Penang, Malacca and Johor
  3. Above RM150,000 for other states.

CAR PURCHASE

Each participant is allowed to bring in his/her own personal car or purchase a locally-assembled car without the need to pay import duty, excise duty and sales tax. A 'Personal car' is defined as a car which was purchased and owned by the participant before joining the MM2H programme.

Participants must apply for prior approval within the time period given to the Ministry of Finance and Ministry of International Trade and Industry before bringing in a personal car from their country of residence or buying a locally assembled car in Malaysia.

DOMESTIC HELPER

Each applicant is allowed to apply for one maid subject to the prevailing guidelines of the Immigration Department of Malaysia.

EDUCATION

Applicants are allowed to bring their children who are under 18 years old and not married as their dependants under this programme. Children who intend to continue their schooling in Malaysia are required to apply for a Student Pass and should be insured throughout their stay under this programme.

TAX

Participants are bound by the policies, systems and regulations of taxes of this country and they do not have exemption qualifications as granted to Diplomatic Missions in Malaysia. However, tax exemption is given to pension remitted into Malaysia. Participants are required to obtain the relevant endorsement from the authorities in their country of origin as to the total amount of yearly pension received. A copy of this letter has to be submitted in their application for tax exemption.

DETAILS

For more info on the categories above, refer to the Malaysian authorities’ website at http://www.mm2h.gov.my/.

Rate This Place: ( votes)

Tours You May Like

Related Pages

  • Kuala Lumpur Gym and Fitness

    Kuala Lumpur Gym

    Health clubs and gymnasiums have sprouted all over the Klang Valley. Most concerned about their looks and health today, Read More»

  • Getting Around in Kuala Lumpur

    Getting Around in KL

    It is easy to get around Kuala Lumpur, which has a large network of buses, light commuter trains and fleet taxis. Read More»

  • 4 Best Langkawi Beach Resorts for Weddings

    Looking to have a tropical beach wedding? These four great beach resorts in Langkawi should be high up on every couple’s Read More»

  • Taaras Spa at Berjaya Langkawi Resort

    Taaras Spa is a private sanctuary that’s tucked between Berjaya Langkawi Resort’s lush rainforest and pristine Read More»

  • Pasir Gudang World Kite Festival

    Pasir Gudang World Kite Festival

    Pasir Gudang World Kite Festival may not receive as much international media coverage as other Malaysian festivals but Read More»

  • 5 Best Batu Ferringhi Hotels Under $100

    We list out the 5 Best Batu Ferringhi Hotels Under $100, each offering the right price point, fronting the beach and Read More»

More Information about Malaysia My Second Home

Information on Malaysia

Information on Malaysia

This is a fact file that lists down some interesting facts about Malaysia. Read More...

Reasons to Stay in Malaysia

Reasons to Stay in Malaysia

You’ll find countless reasons to live in Malaysia, but listed on this page are just some of the few. Read More...

Incentives

Incentives

On top of reasons to stay in Malaysia, the Government through the Ministry of Tourism is throwing in various incentives Read More...

Application Process

Application Process

The application process is detailed in step-by-step. The documents and other things you need to submit are listed down Read More...

Terms & Conditions

Terms & Conditions

The Malaysia My Second Home Programme also has its terms and conditions to better enhance the package and provide an Read More...

Hotels.com

Talk to us!

Help us keep this site up-to-date by sending us your comments:


Loading...