USD

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

  • First Time in Bukit Bintang

    If this is your first time in Bukit Bintang, deciding on what to do and see can be a daunting task. As Kuala Lumpur's Read More»

  • Getting Around

    Getting Around

    Kuantan has a good network of roads and transport systems. Being a small and peaceful city, you won't find much problems Read More»

  • 10 Hotels Travellers Love Most in Sabah

    These 10 hotels travellers love most in Sabah have earned rave reviews for providing excellent guestrooms, top-notch Read More»

  • The Warehouse

    The Warehouse

    Looking like a mix of whimsical Wonderland and an old Chinese kopitiam (coffee shop), The Warehouse is a hip and quirky Read More»

  • Langkawi Water Festival

    Langkawi International Water Festival

    Langkawi International Water Festival is a water sports competition that takes place in Langkawi annually. In Read More»

  • Petaling Jaya Hotels

    Where to Stay in Petaling Jaya

    12 km southwest of the city centre, Petaling Jaya is a sprawling suburb of KL divided into numerous sections and is 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...

We try to provide free information that is as up-to-date and accurate as possible. However, if you are planning to travel it's a good idea to double check specific dates and information to avoid surprises.

Hotels.com

Talk to us!

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


Loading...