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

  • Full day Janda Baik Bukit Tinggi Adventure and Waterfall Tour

    Janda Baik Adventure

    Janda Baik literally means the village where the good widow lives. Being its closer proximity to Kuala Lumpur the Read More»

  • Regatta Lepa Semporna

    Regatta Lepa Semporna

    Regatta Lepa Semporna is a Sea Gypsy festival showcasing traditional, colourful and ornamental Lepa Lepa boats. This Read More»

  • Top 10 Hotels in Kuala Lumpur Chinatown

    Top 5 Hotels in Chinatown

    Accommodation options in Chinatown KL may not be as luxurious as the ones in Bukit Bintang and KLCC, yet they are Read More»

  • Langkawi Sunset Dinner Cruise

    The Langkawi sunset dinner cruise by Crystal Yacht Holidays is an evening trip that takes you on a leisurely trip across Read More»

  • Malacca International Airport

    Malacca International Airport

    Malacca International Airport is located nine km from town. Currently the airport serves three major airlines: Wings Read More»

  • Top 10 Hotels in Sarawak

    Top 10 Hotels in Sarawak

    Running out of time to see & do it all? See this quick and handy Top Ten Guide to our favourites. 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
Loading...