Incentives of MM2H
Participants of 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 follow :-
House Purchase
Participants are allowed to purchase residential properties priced from a minimum of RM 250,000.00 per unit depending on the location of the property.
(Participants are advised to check the respective state governments on any change to approved amounts for foreigners before making any commitment)
Car Purchase/Import
Each participant is allowed to bring in his/her own personal car OR to purchase a locally-assembled car without the need to pay import duty, excise duty and sales tax.
Application to IMPORT a motorcar from the participant’s country of citizenship/last domicile must be forwarded to the Ministry of Finance within a period of six months from the endorsement date of Malaysia My Second Home (MM2H) social visit pass. The condition for such importation is that the MM2H participant should be the owner of the motorcar prior to obtaining the MM2H visa, as evidenced in the motorcar registration document.
An Application to PURCHASE a new motorcar made or assembled in Malaysia must be must be forwarded to the Ministry of Finance within a period of one year from the endorsement date of Malaysia My Second Home (MM2H) social visit pass.
Note:
1 - Completed application forms with relevant documents which are submitted to Ministry of Finance will be processed within 10 working days.
2 - Do not make an outright purchase of the motorcar before obtaining approval for tax/duty exemption from the Ministry of Finance. However, a booking for a motorcar may be made prior to obtaining approval from the Treasury.
3 - Importation or purchase of motorcar must be for personal use only and not for commercial use.
4 - 'Personal Car' is referred to a car which was purchased by participant before joining the MM2H programme.
5 - Participants are only allowed to sell their imported/locally purchased car after 2 years' stay on the programme.
Domestic Helper
Each applicant is allowed to apply for one (1) maid subject to the prevailing guidelines of the Immigration Department of Malaysia.
Education
Applicants are allowed to bring their children who under 21 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 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.
Business & Investment
GUIDELINES FOR BUSINESS SET UP UNDER THE MALAYSIA MY SECOND HOME PROGRAMME
Business & Investment
GUIDELINES FOR PART TIME WORK -MALAYSIA MY SECOND HOME PROGRAMME
