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Malaysia My Second Home Programme
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Malaysia My Second Home Programme

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This program was initiated, organized and launched by the Malaysian Government

This program was initiated, organized and launched by the Malaysian Government

Published in: Travel

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  • 1. Malaysia My Second Home Programme Prepared by a111chen.blogspot.com
  • 2. Governmental support
    • This program was initiated, organized and launched by the Malaysian Government
    • It is therefore, a program, that the Government diligently works on to ensure its continued success
  • 3. Benefits
    • Renewable social visit pass for a 10 year stay in Malaysia
    • Privilege to purchase a tax fee car
    • No income tax for income from abroad
    • Ownership of unlimited number of residential properties in Malaysia
  • 4. Eligible
    • It is open to all citizens of countries recognized by Malaysia regardless of race, religion, gender or age
    • Applicants are allowed to bring along their spouse, children who are below 21 years old and are not married, and parents who are above 60 years old
    • Foreigners who are married to Malaysians
    • Expatriates who wish to retire in Malaysia
  • 5. Approval conditions
    • Aged below 50 years old
    • Aged 50 years and above
  • 6. Aged below 50 years old
    • Open a fixed deposit account of RM300,000.00
    • After a period of one year, the participant can withdraw up to RM150,000.00 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes
    • Must maintain a minimum balance of RM150,000.00 from second year onwards and throughout stay in Malaysia under this programme
  • 7. Aged 50 years and above
    • Can choose to either:
    • Open a fixed deposit account of RM150,000.00 ; or
    • Show proof of monthly off-shore income of RM10,000.00 in the form of government approved funds or pension scheme
  • 8. Aged 50 years and above
    • After a period of one year, participants who fulfill the fixed deposit criteria can withdraw up to RM50,000.00 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes
    • Participants must maintain a minimum balance of RM100,000.00 from the second year onwards and throughout stay in Malaysia under this programme
  • 9. Reasons live in Malaysia
    • Nice and sunny weather
    • Everyday’s a summer
    • Free from natural disasters – No earthquakes, No typhoons, No tornadoes
    • Although the cost of living is low the standard of living is high
  • 10. Reasons live in Malaysia
    • Advanced healthcare facilities are readily available at very reasonable costs
    • In fact Malaysia is actively promoting its health-tourism
    • Education in the English medium is available from pre-school to tertiary level
    • Malaysia is striving to be an education-hub in this region, hence the standard is definitely of international level
  • 11. Reasons live in Malaysia
    • Stable government
    • Peaceful environment
    • Beautiful scenery, lots of greens everywhere
    • The country has everything for the family,-theme parks, jungle trails,sports, water sports and one of the highest numbers of golf courses.
  • 12. Bibliography
    • (n.d.). Retrieved October 7, 2009, from http://www.mm2h.gov.my/malaysia.php
    • (n.d.). Retrieved October 7, 2009, from http://www.foreversummer-mm2h.com.my/