Taxation
Income from sources outside Malaysia is exempted from tax , e.g. pension & dividend. Tax exemption is given to pension remitted into Malaysia. Participants are required to obtain the 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. More info on taxation in Malaysia (pdf)

Summer all year round
• The climate of Malaysia is tropical which means there is a lot of rain fall however the temperatures throughout the year average 28 C. One can expect therefore to have some rain, sun and clouds every day BUT it is never cold which is attractive for those who dislike European winters.
  


Quality of life
• Life in Malaysia can be quite relaxed and cheap. It is quite normal to have a living-in maid at a very reasonable cost, cost of living is half of that in Europe, property prices are very affordable and people are friendly.
  
  
English is widely spoken
• Although the official language of Malaysia is Bahasa Melayu, English is widely spoken and it is the languages in which business is conducted.
  
  
Minimum number of days
• No restrictions regarding the minimum number of days in the year spent in the country.
  
  
  
  
Propery - Rent or Buy
• No need to purchase or even rent an apartment. There is however no problem for foreigners purchasing property or land in Malaysia – in contrast to other counties in South East Asia (e.g. Thailand).
  
  
Tax free car
• Although Malaysia has quite a high import tax on cars, each MM2H resident is allowed to bring in his/her own personal car without the need to pay import duty, excise duty and sales tax. If you choose to import a car you must apply for approval within six months of the visa being issued. If you buy a local car then you have up to one year to make the application for approval.
  
  

"Malaysia My Second Home" Disdvantages

Fixed deposit requirement.

MM2H residents need to place MYR 150,000 (if aged over 50) or MYR 300,000 (if aged below 50) in a “fixed deposit” . The funds have to stay in the fixed deposit during the validity of the visa. Part of the funds placed in the fixed deposit account can be released after one year for the expenses related to property purchase, children education or medical purposes.

Attitude to life.

As people in Malaysia are very relaxed they often apply this relaxation to work too. One gets used to is although it can be quite frustrating at first.

Selling you car

Participants are only allowed to sell their imported/locally purchased car after 2 years' stay on the programme.

Requirements:

• All persons from countries recognised by Malaysia can apply for MM2H.
• Applicants under 50 need to show:

a. proof of liquid assets worth a minimum of RM 500,000. This can be in the form of a copy of bank statements showing the balance of RM 500,000 for a three month period. b. income earned outside of Malaysia of a minimum RM10,000 per month. This can be in the form of payslips or again, bank statements covering a period of 3 months showing the relevant minimum income.

• Applicants who have retired need to show a proof of receiving pension from a government approved pension funds of at least RM 10,000 per month.
• Applicants who have purchased properties of at least RM 1 million qualify to place a lower fixed deposit.

The MM2H Process. Documents required. Fees

Please contact us for this and other additional information.