Malaysia My Second Home
Malaysia My Second Home Program is promoted by the Government
of Malaysia to allow foreigners who fulfill certain criteria, to
stay in Malaysia for as long as possible on a multiple-entry
social visit pass.
The Social Visit Pass is initially for a period of ten (10)
years, and is renewable.
It is open to citizens of countries recognized by Malaysia,
regardless of race, religion, gender or age. The program allows
applicants to bring with them their spouses, unmarried children
below the age of 21 and parents above the age of 60 as
dependants. Foreign spouses of Malaysians and expatriates who
wish to retire in Malaysia after expiry of their Employment
Passes are also eligible to apply to stay in Malaysia on this
program.
Applicants can now apply to join the MM2H program without the
use of an agent. Those who are interested in joining the MM2H
program can now apply directly themselves without the use of an
authorized agent. The main benefit of doing this is you can
avoid the initial fees charged by the instructed agent. However,
the use of an authorized MM2H agent does make the process
simpler and avoids time consuming mistakes/omissions on
paperwork.
The process of joining the MM2H program includes a large amount
of paperwork and includes visits to government departments that
can be quite daunting. Anywhere, the choice is yours now !
One thing that immediately cries out to people that come to live
in Malaysia is how realistically priced property is in
comparison to its Asian neighbours. From 2010 the government
have re-instated a low form of Real Property Gains Tax - RPGT.
Therefore any property purchased in Malaysia by MM2H Malaysia My
Second Home visa holders or expatriates will be required to pay
5% of the capital gain on the property upon disposal within the
first 5(five) years from the date of purchase and the minimum
property purchase price for foreigners will be RM500,000;
pending on current and impending changes such as Selangor has
raised the minimum purchase price to RM500,000.00; Sarawak to RM
350,000.00 and certain areas of Pahang to RM 750,000.00
If you would like further information about how to apply
yourself on the program – MM2H, and other relevant details that
you want to know, please visit the following website:
