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 MM2H APPLICATION REQUIREMENTS & BENEFITS

 

MAIN APPLICANT- FINANCIAL REQUIREMENTS

FINANCIAL CONDITIONS

Over 50+ Year Old

Under 50 Year Old

REMARKS

SHOW Financial Statement

RM $350,000 +

RM $500,000 +

Current Account, FD, Bonds, Shares ...

Minimum Monthly Income

RM $ 10,000 +

RM $ 10,000 +

Salary, Dir Fee, Rental, Dividends ...

FD Open in Malaysia Bank

RM $150,000

RM $300,000

Fixed Deposit after MM2H Approval

Withdraw FD 1 Year Later

RM $ 50,000

RM $150,000

Buy Home, Home Loan, Medical, School

( Exchange Rate: US$1.00=Malaysia Ringgit RM$3.30 - May 2010 - www.xe.com )

( RM$350,000 = US$106,000 / RM$500,000 =US$152,000 / RM$10,000 = US$3,030 )

Goverment Pensioners SHOW Financial Statement above RM$200,000 and monthly pension above RM$10,000 to qualify for MM2H Visa - Open Fixed Deposit in Malaysia exempted. 

SHOW Financial Statement from any bank or financial institution worldwide, saving / current account, fixed deposit, bonds, company shares, public listed company shares, property own in home country / Malaysia & other assets.  Minimum Monthly Income - salary, company director fees, rental income, share or bank dividends & etc.

Fixed Deposit open in Malaysian Bank after MM2H Visa Approval. Bank Interest on FD 2.75% May 2010

WITHDRAWAL FIXED DEPOSIT – After 1 year for approve home purchase, offset home loan, child education & medical purposes IN MALAYSIA.  Balance Fixed Deposit  to maintain in bank for duration of MM2H status. Withdraw from the MM2H program - full refund with interest from your bank fixed deposit in 1 week.

 

MM2H applicants who purchase a Malaysian home / homes more then RM$1 Million FULLY PAID will be only required to open a Fixed Deposit of RM$100,000 (Over 50 years old) or RM$150,000 (under 50 years old) to maintain their MM2H Status for life.

 

MM2H BENEFITS - MM2H Approval in 6 Weeks+

10 YEARS MULTIPLE RE-ENTRY VISA + RENEWAL FOR A LIFETIME !

You and your family will be issue with a 10 years Multiple re-entry visa - subject to the validity of period of your passport. Upon expiry of your multiple re-entry visa you can renew at the Malaysian Immigration Department - FOR A LIFETIME !

House Purchase
Each participant is allowed  to purchase residential houses valued above RM500,000. You are 100% registered homeowner and are able to obtain home loan up to 80% of the value of the home.

Property Capital Gain taxes when you sell your property - 5% Tax. Sell after 5 years NO CAPTAL GAIN TAX

Car Purchase - Save up to 40% of Local Taxes !
Each participant is allowed to bring in his own car (used) or purchase a locally-assembled car without having to pay import duty, excise duty and sales tax. However, they must apply for prior approval within the 6month / 1years time period given by the Finance Ministry and Ministry of International Trade and Industry. Participants are only allowed to sell their imported/locally purchased car after 2 years' stay on the programme by paying the prevaling duties)

Domestic Helper
Each applicant can apply for one maid subject to the prevailing guidelines of the Immigration Department.

Education
MM2H participants are allowed to bring their children who are below 21 years old and not married as their dependants. Dependants who intend to continue their schooling in Malaysia are required to apply for a student pass.

APPROVAL IN 6 WEEKS+ & ENJOY MANY BENEFITS SUCH AS:-
1) Social Visit & Multiple Re Entry Visa for 10 Years depending on your passport validity
2) The Visa is RENEWAL FOR LIFE for you and your family
3) Buy Homes above RM$500,000 / Maximun loan - 80%
4) Home registered in your name -100% ownership - Most Malaysia property - Freehold Title
5) Upon selling your property - Capital Gain Tax 5% After 5 Years NO TAX
6) Import own car or purchase local assemble car (one) - Save up to 40+% on all taxes
7) Bring in your favorite maid or employ one foreign maid in Malaysia
8) Income from overseas - Tax free
9) Sponsor your unmarried children under 21 years old
10) Do business in Malaysia (Part Time work for those over 50 years old)
11) Go to, stay as long as you wish & leave Malaysia anytime as you please
12) Your parents above 60 year old can join you also under a long term visa
13) Import personal household items tax exempted
14) Invest in & own local Malaysian companies, share market & unit trust also
15) Interest gain from bank fixed deposit is tax exempted

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