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1. |
What is Malaysia, My
Second Home program?
Malaysia, My Second Home
program was initiated,
organized and launched
by the Malaysian
Government to allow
people from all over the
world (except for
nationals of Israel and
Yugoslavia), who fulfill
certain criteria,
regardless of race,
religion, gender or age
to stay in Malaysia.
Applicants are allowed
to bring with them their
spouse and children as
dependents. Successful
applicants will be
granted a Social Visit
Pass for a period of 10
years, which is
renewable (subject to
the validity period of
their passport) |
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 DEPENDENTS
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2. |
Who qualifies as
dependents?
Applicants may apply for
their spouse and
children (under the age
of 18). We recommend you
apply with family
members when possible to
improve your chances of
approval. |
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3. |
What is the future
for my children under
this program?
All children of
successful applicants
are permitted to stay in
Malaysia until 18 years
old Upon reaching 18
years old, they can opt
to further their
education in Malaysia,
in any of the reputable
colleges/institutes and
world-class universities
under Student Pass.
After graduating with
diplomas and degrees,
they can then seek
employment in Malaysia
under Work Permit or to
renew as an individual
adult under their
parents for which they
must fulfill the
criteria for individual
application |
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4. |
What is the maximum
age for children to
apply under family
application?
All children must be
less than 18 years old. |
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5. |
Can we include
children who are
currently schooling in
Malaysia?
No, children who are
already under Malaysia's
Student Pass are not
allowed to apply under
this program. |
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6. |
Can we include
children who are
disabled?
Yes. You can. |
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ELIGIBILITY
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7. |
Who are eligible to
apply?
It is open to all
citizens of countries
recognized by Malaysia
regardless of race,
religion, gender or age. |
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Applicants
either single or
married with
spouse and
children |
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BELOW 50 YEARS
OLD |
50 YEARS OLD AND
ABOVE |
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Open a Fixed
Deposit Account
of
RM300,000.00
in a local bank
in Malaysia |
Either choose
Open Fixed
Deposit Account
of
RM150,000.00
in a local bank
in Malaysia
Or have a
current monthly
off-shore income
of
RM10,000.00.
(remuneration
from Company,
Retirement
Pension, any
other return
from Investments
(consistent) |
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FIXED DEPOSIT
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8. |
Can I withdraw my
fixed deposit after
successfully joining
this program?
Participants must
maintain their fixed
deposit at all times
under this program
unless approval is
granted by the Ministry
of Tourism of Malaysia.
Participants may
withdraw the fixed
deposit at any time
should they decide to
end their stay in
Malaysia under this
program.
However, after a period
of one year, participant
can withdraw fixed
deposit as approved
expenses relating to
purchase of house,
education for children
in Malaysia and medical
expenses and must
maintain a minimum
balance of RM60,000-00
or USD15,000-00 from
second year onwards and
throughout stay in
Malaysia under this
programme. |
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9. |
Which banks am I
required to place my
fixed deposit?
The fixed deposit can be
made at any financial
institution, (including
foreign banks with local
branches) in Malaysia. |
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HOW
TO GET A SPONSOR
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10. |
Do I need a sponsor?
Yes. All applications
are advised to have a
local sponsor. MY SECOND
HOME LEISURE (MM2H) SDN.
BHD. is an Official
Sponsor to promote this
program. |
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11. |
How to get a sponsor
to assist in this
application?
You can contact us by
our email address:
mysecondhome@aplandbond.com |
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12. |
How long will it take
to know if my
application has been
approved?
All applications that
fulfill the criteria
should under normal
circumstances be
processed and approved
within 30 working days
after submission of the
application. |
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13. |
Do I have to stay in
Malaysia after joining
this program?
No. After completing
your landing visit to
Malaysia, you are free
to enter and leave the
country without any
restrictions. |
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14. |
Can applicant who is
in Malaysia for a long
time, apply for this
program?
Provided the applicant
fulfill all the
requirements and
applicant is in
possession of a valid
Social Visa Pass at the
point of application.
Application can be made
in Malaysia. |
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15. |
Upon joining this
program, can I apply for
Permanent Residency?
Yes. Applicants may
apply for Permanent
Residency after holding
the Social Visit Pass
for a minimum of five
/ten years. However, the
Immigration Department
in Malaysia does not
guarantee that you will
successfully obtain a
permit to stay
permanently. |
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CONDITION
OF APPROVAL
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16. |
What is Condition of
Approval and how to
fulfill it?
Once your application
for MM2H program is
approved, you will
obtain the Condition of
Approval. Within six
months, you have to make
a landing visit to
Malaysia. We will then
assist you to open your
fixed deposit account in
Malaysia, have the
medical examination and
purchase the health
insurance policy. |
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17. |
How do I obtain the
Social Visit Pass?
Upon fulfilling all the
conditions of approval,
we will then accompany
you to the Immigration
Department of Malaysia
in Putrajaya to process
the Social Visit Pass
and Multiple Entry Visa. |
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18. |
Do I need to be in
Malaysia when applying
for a renewal?
Yes, you must apply for
renewal three (3) months
before the expiry date
and must be in Malaysia
for their passport to be
endorsed. MY SECOND HOME
LEISURE (MM2H) SDN.
BHD. can assist you for
this renewal at a
nominal fee. |
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19. |
How do I select which
insurance policy to
purchase and what type
of medical check up?
We can assist and advise
you in arranging the
correct insurance policy
and also the appropriate
medical check up to
perform. All medical
check up must be done in
Malaysia. |
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TAX
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20. |
Do I need to pay tax
on interest income made
in Malaysia?
Interest earned by an
individual through this
program is exempt from
tax for: -
(i) Fixed deposit
for periods of 12 months
or more;
(ii) The first
RM100,000 of the fixed
deposit for periods less
than 12 months. The
present interest income
tax rate is
approximately 29%. |
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21. |
Do I need to pay
Income Tax? (if
participants are under
employment)
It is not necessary to
pay offshore income tax.
However, you must pay
domestic income tax for
income generated within
the country. |
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INCENTIVES
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22. |
What are the main
incentives of this
program?
All successful
applicants will enjoy
the following benefits.
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(i) |
Purchase up to
two landed
properties in
Malaysia (both
freehold and
leasehold
permitted) |
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(ii) |
Bring or
purchase one
passenger
vehicle tax-free
(savings up to
300% in tax on a
single vehicle) |
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(iii) |
High-interest
rates for fixed
deposits
(currently
between 3.5-4.0%
annual yield) |
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(iv) |
Tax exemption on
interest earned
through the
fixed deposit |
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(v) |
Bring one
domestic helper
along with you
or hiring a
foreign maid
from countries
approved by
Malaysian
Government |
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(vi) |
Flexibility of
staying in
Malaysia for as
long as you wish
(without the
one-month
limitation of
most tourist
visas) |
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EMPLOYMENT
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23. |
Can successful
applicants be allowed to
seek employment in
Malaysia?
No. Successful
applicants are not
allowed to seek any form
of employment in
Malaysia. However,
applicants with special
skills may apply for a
work permit from the
Immigration Department
of Malaysia. |
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24. |
What about setting up
my own company in
Malaysia?
As long as you abide by
the laws on foreign
investment in Malaysia
and other requirements
set forth, you may do
so. Please contact the
Malaysia Trade &
Development Office for
further information. |
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PROPERTY
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25. |
Can the purchase of
property in Malaysia be
considered as having
fulfilled the financial
criteria for this
program?
No. Participants will
still be required to
fulfill the fixed
deposit requirement as
the purchase of a house
is not compulsory under
this program. |
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26. |
Are there any price
restrictions on
purchasing property?
You may purchase up to 2
properties (both
freehold or leasehold),
each of which must be
worth at least RM150,000
to RM350,000-00 each,
depending on the
location. |
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27. |
Can I apply for local
financing from a bank in
Malaysia if I purchase a
house in Malaysia?
Yes. You may apply for a
loan of up to 60% of the
value of the property. |
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CAR
AND DRIVING LICENSE
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28. |
What incentives do I
have to purchase a car
for use in Malaysia?
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(i) |
Import one car
subject to
approved permit
(AP), which is
exempted from
import duty,
excise duty and
sales tax. |
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(ii) |
Purchase one
locally
assembled car
(including
foreign brands)
in Malaysia
which is
exempted from
payment of
excise duty and
sales tax. |
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29. |
Are there any time
limitations to
purchasing a car?
Yes. You must apply to
purchase your car within
12 months from the date
you receive your Social
Visit Pass. Processing
of applications takes
about 2 weeks. |
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30. |
If I purchase a
second-hand car locally,
is the purchase subject
to sales tax?
No. The government does
not levy sales tax and
excise duty on the
private sale of a car.
You are advised to
purchase new car on the
reason that the second
hand used by the locals
had already incurred all
sorts of taxes and
duties and it may be
more expensive than a
new car. |
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31. |
Do I need to take a
driving test to drive in
Malaysia?
Malaysia recognizes all
international driving
license provided your
original license is
still valid. |
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32. |
How would I know if
Malaysia is suitable for
me?
We can arrange a
familiarization trip for
you to visit Malaysia so
that you can evaluate
the advantages of
retiring in Malaysia.
Our travel agency offers
this service to you. |
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