Benefits and Incentives of Joining MM2H

Apart from having the opportunities to enjoy the good quality lifestyle and the unique values of Malaysia, our government is offering you who obtained the MM2H visa with attractive incentives to make your stay more comfortable and enjoyable in Malaysia:


Freedom to Travel

There is no minimum stay requirement. You are free to enter and leave the country anytime.

Parents’ Special Visa

Your parents who are over 60-year old will be eligible to live in Malaysia under a special 6-month social visit visa renewable as long as your MM2H visa is valid.

Tax Exemption

Your foreign-sourced income or pension brought into Malaysia not subject to tax, however any income (such as income from house rental) made in Malaysia will be subjected to income tax. There is also no inheritance tax in Malaysia. Interest earned by you from fixed deposit accounts is also exempted in the following situations:- a) Period exceeding 12 months or more – any amount of interest. b) Period not exceeding 12 months – interest on fixed deposit up to a maximum of RM100k.

House Purchase

Any foreigner may purchase any number of residential properties in your own name in Malaysia, subject to the minimum rates established for foreigners by the different states. They start from MYR500,000 per unit for most states, with the exception of Sabah and Sarawak where the minimal is RM 350,000 and Pahang where it is RM 750,000, from 1st January 2010. Land is a state matter and it is important to check state laws before making any commitment, as the minimum purchase price is not standardised between states.

Also ensure that your lawyer does a thorough check with the local land office that you have ownership rights to any property that you are purchasing. Profit made on the sale of property is 5% (Real Property Gains Tax).

Car Purchase

You will be given exemptions on import duty, excise duty and sales tax: a) when you bring in your own personal car b) when you purchase a locally-assembled car

Note: i) The personal car has to be imported into Malaysia within 6 months from the date of endorsement of MM2H Visa. ii) Purchase of locally-assembled car has to be completed within 12 months from the endorsement of the MM2H Visa.

Education

Your children can receive education (up to age of 18 years) under MM2H study permit (without applying for a specific student visa) in public or private schools in Malaysia. However they will need to use a student visa if they were to study at the university level.

Healthcare

Advanced medical facilities are widely available to you in Malaysia. Part of your medical needs will be covered under the compulsory medical insurance.

Investment, Business & Work

MM2H participants are allowed to invest and actively participate in business, subject to existing Government policies, regulations and guidelines which are in force for the relevant sectors. They can also actively participate in business such as being an owner of a company and being involved in the active running of it. Those that are above 50 years old can work for up to 20 hours a week in skilled positions. However one needs a further permission from the Immigration Department before he or she can work for 20 hours a week.

Live-in Maid

You are allowed to apply for one foreign maid subject to the prevailing guidelines of the Immigration Department of Malaysia.