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Benefits of Malaysia My Second Home (MM2H)

Update Date:2015-9-17 9:03:39 Source:Tannet (Malaysia) Sdn Bhd Views:834

Malaysia Hotline: +603- 2141 8908


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 Pass 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.

- Only Income earned within Malaysia is subject to taxation.


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. Please refer to the Ministry's webpage "Purchase a House" for details.  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.

Car Purchase

You will be given exemptions on import duty, excise duty and sales tax:

- when you bring in your own personal car

- when you purchase a locally-assembled car


Note:

- The personal car has to be imported into Malaysia within 6 months from the date of endorsement of MM2H Visa.

- 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) under MM2H study permit in public or private schools in Malaysia.

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

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.

Live-in Maid

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

20-hr per week Special Work Permit for Main Applicant (Age 50 & above)

You are allowed to apply for special work permit to work under the critical sectors subject to the prevailing guidelines of the Immigration Department of Malaysia.


Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline:603-21418908;
24 hours Hong Kong hotline:852-27837818;
24 hours Hong Kong hotline:86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.nethttp://en.tannet.com.my


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