MALAYSIA
MY SECOND HOME

Why Choose Malaysia?


  • Malaysia My Second Home Programme 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. It is basically a long-stay programme that allows the participants to live in Malaysia and not worry about their short term visa renewals;
  • The Social Visit Pass is initially for a period of ten (10) years, and is renewable. Applicants are welcome to stay here for 365 days a year without having to leave the country because the visa renewal can be done in Malaysia;
  • It is open to citizens of countries recognized by Malaysia, regardless of race, religion, gender or age. This programme allows applicants to bring with them their spouses, parents and children;
  • 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 programme;
  • Freedom to travel, maintain original citizenship. There is no minimum stay requirement;
  • You are free to enter and leave the country anytime;
  • Enjoy a luxury lifestyle at a fraction of the cost of living in the West. It is a very affordable place to retire early;
  • Applicants are allowed to bring their spouses, unmarried children below the age of 21 and parents above the age of 60 as dependents. Applicant’s 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;
  • Successful applicants enjoy incentives such as tax exemption on car import or purchase;
  • Tax exemption on income remitted into Malaysia;
  • Children’s study passes;
  • Bringing in own maid and belongings;
  • Approval for house purchase.

Qualifications


Criteria

Obtaining approval to qualify:

  1. Must have regular monthly income;
  2. Must show liquid assets: (Over 50 RM 350,000.00 @ US$ 108,813.00 ; Under 50 RM 500,000.00 @ US$ 155,447.00);
  3. Usually need Fixed Deposit in Malaysia: (Over 50 RM 150,000.00 @ US$ 46,648 Under 50 RM 300,000 .00 @ US$ 93,338.00).

Who is applying?

  • Retirees – coming to live here;
  • Vacation home buyers;
  • Parents to educate children;
  • Expats with jobs outside Malaysia;
  • As contingency visa.

The Malaysia ‘My Second Home Program’ (MM2H) Steps:

  1. Apply direct or use an approved agent;
  2. Over 180 approved agents – (“MM2H”);
  3. Listed on Ministry of Tourism website.

MM2H – Key Elements:

  • Ten year multiple entry visa;
  • Can work part time – 20 hour p/week;
  • Can own business in Malaysia (not work full time).

Incentives:

  • Tax free car;
  • One foreign maid;
  • Offshore income tax free;
  • No requirement to stay in Malaysia;
  • No requirement to buy property;
  • No requirement to remit funds to Malaysia.

Benefits


  • Money Factor – Affordable place for retirement & living;
  • Strategically Located between East and West Asia, international shipping crossroad, access to 6.46 billion population within 5 hours via air travel;
  • Tropical Climate, cool weather in the highland to sandy beaches;
  • Well Developed Infrastructure – Highway, LRT, International Airlines Direct Flight and excellent transport network;
  • Stable Political Climate;
  • Multilingual Advantage – English, Malay, Mandarin, Tamil etc.;
  • Young and Growing Working Population (67.3% of 15 to 64 years, 27.6% of 0 – 14 years based 2010 population of 28.3M);
  • Good Travel Infrastructure – PLUS Highway, Air transportation and logistic connection easily and affordable;
  • Sound Basic Infrastructure & Amenities – Water, Electricity, Telephone, Internet & Satellite TV etc.;
  • Affordable High Standard Educational and Healthcare Facilities;
  • Multi Racial Mix – Malays, Chinese, Indians, Ibans, Kadazans and many ethnic groups living in peace and harmony;
  • Cultural Diversity – Gastronomical paradise and colourful festivals;
  • Religion Freedom – Islam official religion. Christianity, Buddhism, Hinduism and Sikhism among others, are also practiced freely;
  • Golf Haven – 200 golf courses comes at good value for quality;
  • Away from Natural Disaster Zones – strategically located away from the earthquake belt and the Pacific Ring of Fire;
  • Repatriation of Income is Allowed;
  • Parliamentary Democracy with Constitutional Monarch based on British Law System – Sound and Independent Legal System;
  • International Events – Monsoon Cup in the East Coast, Langkawi International Maritime and Air Show, Malaysian F1 Grand Prix and the Rainforest World Music Festival, Sarawak, MICE etc.;
  • Sound Financial Market & Strong Currency;
  • Malaysia reached 21st position, registering improvements on World Competitiveness Report 2011-2012;
  • Healthy Property Investment Market – Malaysia Housing Market fares positively with general year to year uptrend [5.3%-07, 4.7%-08, 1.5%-09, 6.7%-10, 9.9%-11 (9%- Q111, 10.6%-Q211, 9.9%Q311 & 6.6%-Q411)];
  • Stable and fairly cheap borrowing cost, up to BLR – 2.4% for housing loan;
  • Steady economy growth rate in range of 5.1% (BNM Report 2011), 4-5% for 2012 (forecast based on BNM Report 2011);
  • Liberal attitude toward foreign participation and ownership to make Malaysia high income nation by 2020. Services sector liberalization with allow 100% foreign ownership (27 sub-sectors 2009, 17 sub-sectors 2012);
  • Economic Transformation Programme (ETP), O&G, InvestKL, Greater Kuala Lumpur (GKL) such as SBK-MRT (RM50B);
  • Low Cost of Living – Subsidies of essential items fuel, Free Water (20m3) in Selangor;
  • Variety of Accommodation and Location – KL, Penang, KK etc.;
  • Relative Safety and Security such as Gate and Guarded Community and Condominium environment;
  • Food Paradise – International fusion cuisine to local Malay, Chinese, Indian delicacies from fine dining to hawker stalls;
  • Retail Haven – Shopping Paradise offering lifestyle concept malls with duty free on luxury goods. Annual Mega Sale Carnival;
  • Quality Entertainment at affordable price, moderate policies;
  • Other Activities – Warm weather all year round such as driving, rain forest, highland resort, theme park, ecotourism etc.;
  • Livable Community & Environment.

Contact Us!


For more information please contact our office by completing the form on the right, by email to info@can-quest.com or you can call us +9714 294 1213. Our office is opened Thursday to Saturday (6 days a week) from 10:00 AM to 7:00 PM.

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