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Program
Requirements |
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 MEDICAL
REPORT
For applicant and their
dependants from a local
doctor/private hospital in
Malaysia. |
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MEDICAL
INSURANCE
For applicant and dependants
must possess a valid medical
insurance coverage from any
insurance company in Malaysia. |
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MEETING
THE FINANCIAL REQUIREMENTS
All successful applicants must
open their fixed deposit account
in a local bank in Malaysia. |
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Below 50 years old
(either single or
married with spouse &
dependants) |
50 years old and
above (either single or
married with spouse and
dependants) |
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Fixed Deposit of
RM300,000.00 Or
USD75,000.00 |
Choose Either
RM150,000.00 (or
USD40,000.00) |
OR Current
monthly off-shore income
of RM10,000.00
(or USD25,000.00)
e.g. Remuneration from a
Company, Retirement
Pension, Rental receipt,
any other return from
investments (consistent) |
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After
a period of one year,
can withdraw Fixed
Deposit as approved
expenses relating to
house purchase,
education for children
in Malaysia and medical
purposes |
Withdraw up to
RM240,000.00
(or USD60,000.00) |
Withdraw up to
RM90,000.00
(or USD24,000.00) |
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Must
maintain a minimum of
RM60,000.00 (or
USD15,000.00) in the
fixed deposit account
from the second year
onwards and throughout
stay in Malaysia. |
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TAXATION
Successful applicants must
obey all laws in Malaysia and do
not have exemption
qualifications as granted to
Diplomatic Missions in Malaysia.
You are required to pay domestic
income tax for income generated
within Malaysia but not required
to pay tax for income generated
outside Malaysia. |
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RESTRICTIONS
Participants under Malaysia
My Second Home Program are not
allowed to work nor do business
while staying in Malaysia. In
addition, they should not
participate in activities that
can be considered as sensitive
to the local people and a threat
to the security of the country;
for example in political
activities, missionary
activities and provocative or
instigative activities. |
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THE
EXTRA MILE
• Travel & Holiday Arrangements
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Sourcing of Suitable Homes
•
Car Rental/Purchase Arrangements
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Tax exemption for purchase of
Vehicle
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Advise on Business Set-up
Domestic Help Arrangements
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Education – from Nursery,
Kindergarten up to Higher School
of Learning
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Medical/Healthcare Arrangements |
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