The definitive guide for buying property in Malaysia and Malaysian property news

The definitive guide for buying property in Malaysia and Malaysian property news

Search Properties

Featured Listings


A Stunning Designer-Led3.5 Storey Town House in a Prime Bangsar Location
A Stunning Designer-Led3.5 Storey Town House in a Prime Bangsar Location Indulge in this once-in-a-lifetime opportunity to own a luxury Freehold Town House in Bangsar's finest location. Read more...


Kiara Ville Pool View Low Floor Corner Unit
Kiara Ville Pool View Low Floor Corner Unit Private Elevator Lobby, Pool View, Corner Unit with 3 carpark bays. Read more...


Mont Kiara Banyan
Mont Kiara Banyan Comtemporary modern theme Read more...


La Grande 3+1bedrooms & Landscaped Balcony
La Grande 3+1bedrooms & Landscaped Balcony This is a fully-furnished 3bedrooms + 1maid's/utility room condo at La Grande. A fantastic investment opportunity as 2-year tenancy tenure is to commence February 2009 at RM7000/month potentially yielding 8.4% in rental returns!! Read more...


Mont Kiara Palma
Mont Kiara Palma view to appreciate Read more...

Registration

Favourite Articles

  • >>
    The Malaysia property market report is published annually and is based on extensive research from land registry data as well as 'on the ground' experience of Malaysian property from Malaysian…
    Read more...
  • >>
    Indulge in this once-in-a-lifetime opportunity to own a luxury Freehold Town House in Bangsar's finest location. A designer-led Town House in a Prime Bangsar Location.Location : Bukit Bandaraya, Bangsar.Built-up: 2,000+…
    Read more...
  • Moving to Malaysia >> Lifestyle
    Malaysia offers a superb quality of life at prices that most Europeans will find hard to believe. Property prices are low: a three-bedroomed apartment in a condominium in Malaysia is…
    Read more...
  • Investment Blog >> Investment Information
    Many people want to move to Malaysia to start a business. It is easy for foreigners to open a company in Malaysia and all the key documentation such as the Memorandum…
    Read more...
  • Front Page >> Private Clients
    Malaysia’s economy should grow 6% in 2008, underpinned by services and construction while the manufacturing sector will regain its momentum.
    Read more...
  • Malaysia Property >> Property Hotspots
    Bangsar is the most sought-after expatriate residential area in Kuala Lumpur and offers offers exciting night life and a wide variety of F & B outlets and entertainment centres. Surrounded…
    Read more...
  • Front Page >> Private Clients
    It is a common misconception that employing a dedicated Home Finder Service can be an expensive luxury, but this isn't always the case.
    Read more...
  • Malaysia Property >> Property Hotspots
    Bangsar: A Prime LocationKL Sentral, the integrated transportation hub is just minutes away Bangsar is the unofficial border between Kuala Lumpur and Petaling Jaya, making it a strategic location. With easy…
    Read more...
  • Front Page >> Private Clients
    Increasingly, overseas buyers of Malaysian real estate are buying prime residential sites and building their dream home in Malaysia - often saving tens of thousands of dollars in the process.
    Read more...
  • Investments >> Malaysia Real Estate Investment
    Overseas buyers are eligible to buy a property in Malaysia without government approval provided the price is not less than RM250,000 (RM350,000 in some States). For this purpose,…
    Read more...
  • Malaysia Property >> Property Hotspots
    In general, Bangsar is a hilly suburb. It is rather flat at the southern neighbourhoods such as Bangsar Utama, Bangsar Park and the Off Jalan Bangsar area. The terrain progressively…
    Read more...
  • Malaysia Property >> Property Hotspots
    If you’d visited Kuala Lumpur even five years ago, you’d have seen few high-end apartment residences. Among both foreigners and middle- and upper-class Malaysians, the trend was to move away…
    Read more...
Home arrow Home arrow Moving To Malaysia - Made Easy
Moving To Malaysia - Made Easy
Malaysia My Second Home The Malaysian Government welcomes people from many countries to live in Malaysia under the Malaysia My Second Home Programme (MM2H) which grants a social visit pass.

The pass is valid for up to ten years and comes with a Multiple Entry Visa so you can come and go as you please. Currently UK nationals do not need a Visa to enter Malaysia.

However, the pass does not entitle the holder to permanent resident status in Malaysia. Generally, there is no age limit on who can apply and successful applicants may bring their dependents (wife and children below 18 years of age) with them and they can also employ a maid.

Important Note
People who want to buy property in Malaysia do not necessarily need to apply for the "Malaysia My Second Home Programme" and many people do buy property in the country without taking advantage of some of the benefits of this programme.

Buying Property in Malaysia
People living in Malaysia under the MM2H programme who want to buy property in Malaysia can purchase up to two residential properties with a minimum price of RM250,000 to RM350,000 depending on the location. For example, people wanting to live in Penang, Johor or Malacca are required to spend RM250,000 per property whilst in parts of East Malaysia, the minimum is RM350,000. Overseas income is free of tax and a car may be imported also free of tax. 
 

How to Apply
To apply you will need:
 

A letter of Application

  • Two completed copies of Form IM12 (application form for a social visit pass)
  • Two passport sized photographs
  • A certified copy of all the pages of your passport or other travel document
  • A certified copy of your marriage certificate - if accompanied by your spouse
  • A certified copy of the birth certificate(s) of your children if they are coming
  • Evidence of your ability to support yourself financially whilst in Malaysia
  • A medical report from any public or private hospital in Malaysia
  • Evidence of valid medical insurance


If you are under 50 years of age when you apply you will need to open a fixed deposit account of RM300,000 upon application for the programme. After one year you can withdraw up to RM240,000 for "approved expenses" - such as things related to purchasing a house, medical expenses or educational costs for your children in Malaysia. From the second year of residence under the programme, the guidelines require you to keep a minimum balance on fixed deposit of RM60,000 during the time of your stay in Malaysia.

If you are over 50 years of age when you apply, you can choose either to open a fixed deposit account of RM150,000 or alternatively you must provide proof with your application of a monthly off-shore income of RM10,000 from an approved or recognized institution in your home country. For many people this could be a pension plan income. After a period of one year in the scheme you can withdraw up to RM90,000 for "approved expenses" - such as things related to purchasing a house, medical expenses or educational costs for your children in Malaysia. From the second year of residence under the programme, the guidelines require you to keep a minimum balance on fixed deposit of RM60,000 during the time of your stay in Malaysia.

Beware of unauthorised MM2H agents. Under new government guidelines NO company is permitted to represent the Malaysia My Second Home programme unless this is their sole business and any authorised agents MUST now have MM2H as part of their business name.

People moving to Malaysia under the Malaysia My Second Home (MM2H) programme will, of course, have to be bound by the taxation policies and regulations of Malaysia, but there are a number of tax advantages that make moving to Malaysia an attractive option.

Of course, whilst the MM2H programme is designed for people staying up to ten years, the length of the pass issued will depend on the expiration of the person's passport, so it is advisable to have a full ten year passport for those wanting to stay the maximum permitted time. Generally speaking, no sponsor is required and people can submit their application without a sponsor, but the Immigration Department does reserve the right to request a sponsor if deemed necessary.

Most people will have medical insurance coverage and it is advisable for applicants to have a medical insurance policy from an insurance company recognised in Malaysia. However, under the programme, it is optional for people above 50 years of age.

For people who want to bring their children it is necessary to enrol them in a school or other institute of higher education that is recognized by the Malaysian Government. This is so the correct stamp can be put into the child's passport and the correct student pass can be issued.

In addition to dependents, the Malaysian government also allows people on the Malaysia My Second Home programme to bring along their maid or apply for one from outside the country. This process is subject to the same terms and conditions as for resident Malaysians, many of whom employ domestic staff from overseas, and there are many agencies in Malaysia that specialise in the recruitment and supply of overseas maids or "amahs".

People moving to Malaysia cannot take part in activities such as political, missionary or other activities which are provocative or constitute a threat to national security. Also they cannot work in Malaysia.

Business investment is welcomed in Malaysia.

For advice, consultancy and further details: Contact Us

We strongly recommend you use a reputable authorised MM2H agent for your application as the guidelines affecting the programme do change frequently and up-to-date information is important. You can download a summary of the Malaysia My Second Home Programme issued by the Malaysian Ministry of Tourism by clicking: Here

 
Next >
 
Joomla Templates by Joomlashack