Malaysia My Second Home (MM2H) Program is introduced by our government to allow people from all over the world to live or retire in Malaysia in a long term basis. This Program was transformed from the formally known “Silver-Hair Program” which only applicable for those who were 50 and above. The MM2H is now open to all citizens of the world and has no restrictions on age, race, religion or gender. You may participate in this program alone or bring along your spouse, dependents (under 20yr+4 months at the time of MM2H submission) and even your own maid from your country.
MM2H visa is actually a Ten(10)-Year Social Visit Pass with Multiple Entry Visa which is renewable every 10 years. It is basically a long-stay program that allows the participants to live in Malaysia and not worry about their short term visa renewals. You 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.
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
Your foreign-sourced income or pension are not subject to tax if such income is remitted to Malaysia, since Year of Assessment (Y/A) 2004.
You are not subjected to the property gain tax if you make a profit from selling your houses which you purchased under this program.
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 property in Malaysia, subject to the minimum rates established for foreigners by the different states. They start from MYR500,000 per unit for most states, 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 standardized 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)
Moving to Malaysia from Dubai | Cargo from Dubai to Malaysia | Shipping to Malaysia from UAE
Southeast Movers 