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Tel: 603 4270 1233
Fax: 603 4270 1223
mysecondhome@aplandbond.com

Programme Requirements

 

MEDICAL REPORT
To be done by a local doctor at any private hospitals in Malaysia for applicants and their dependants.

MEDICAL INSURANCE
Applicants and their dependants must possess a valid medical insurance coverage from any insurance company in Malaysia.

MEETING THE FINANCIAL REQUIREMENTS
All successful applicants must open a fixed deposit account in a local bank in Malaysia.

Below 50 years old (either single or married with spouse & dependants) 50 years old and above (either single or married with spouse and dependants)
Fixed Deposit of RM300,000.00 Fixed Deposit of RM150,000.00
Current monthly off-shore income of RM10,000.00 e.g. Remuneration from a Company, Retirement Pension, Rental receipt, any other return from investments (consistent)
Personal Bank Statement for latest 3 consecutive months showing a monthly balance of not less than RM500,000.00 Personal Bank Statement for latest 3 consecutive months showing a monthly balance of not less than RM350,000.00

After a period of one year, can withdraw Fixed Deposit for approved expenses relating to house purchase, education for children in Malaysia and medical purposes

Withdraw up to RM240,000.00 Withdraw up to RM90,000.00

Must maintain a minimum of RM60,000.00 in the fixed deposit account from the second year onwards and throughout stay in Malaysia

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.

RESTRICTIONS
Participants under Malaysia, My Second Home Programme 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.

 

THE EXTRA MILE
  
Travel & Holiday Arrangements
   Sourcing of Suitable Homes
   Car Rental/Purchase Arrangements
   Tax exemption for Purchase of Vehicle
   Advise on Business Set-up
    Arrangements for Domestic Help
   Education – from Nursery, Kindergarten up to Higher School of Learning
   Medical/Healthcare Arrangements

 
 

BENEFITS FOR SUCCESSFUL APPLICANTS :-

Successful applicants will receive 10-year Social Visit Pass and Multiple-Entry Visa. After 10 years, it is renewable provided the laws of Malaysia are not violated. During these 10 years, you are free to stay in Malaysia and travel as often as you like.

PROPERTY
Permitted to purchase up to two units of residential houses valued at more than RM250,000-00 (freehold and leasehold permitted). You may apply for a loan of up to 60% (subject to qualifications) on the value of the property.

CAR
Bring in his/her own car (used) OR to purchase a locally-assembled car without the need to pay import duty, excise duty and sales tax. It is a great saving.

CHILDREN’S EDUCATION
Bring along their children under 18 years old and not married as their dependants. Children who intend to continue schooling in Malaysia are required to apply for Student Pass.

DOMESTIC HELPER/MAID
Can apply for one domestic helper/maid subject to the prevailing guidelines of the Immigration Department of Malaysia or alternatively, can hire a foreign maid from countries approved by our Malaysian Government.

BUSINESS
You can be an investor and own businesses in Malaysia.

 
 

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