Malaysia My Second Home

Japanese

Successful applicants required to comply with the following financial criteria upon receipt of the 'conditional approval letter' from Malaysia Immigration Department.

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 RM240,000.00 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes.
Must maintain a minimum balance of RM60,000.00 from second year onwards and throughout stay in Malaysia under this programme

Aged 50 years and above

Can either choose to:
- Open a fixed deposit account of RM150,000.00 ; OR
- Show proof of monthly off-shore income of RM10,000.00 such as pension scheme.
Only applicants who are drawing from Government Approved Funds can be considered for the "Monthly off - shore Income" criteria.
After a period of one year, participant who fulfills the fixed deposit criteria can withdraw up to RM90,000.00 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes.
Participant must maintain a minimum balance of RM60,000.00 from the second year onwards and throughout stay in Malaysia under this programme.

Note:

Successful applicants need to open their fixed deposits in Ringgit Malaysia (RM) only.
Participants need to obtain prior approval from Ministry of Tourism before proceed to withdraw the fixed deposit
Participants under this programme may withdraw their entire fixed deposit anytime should they decide to terminate their stay in Malaysia under this programme. However, they must obtain prior approval from the Ministry of Tourism.

All applicants and their dependents (spouse and children) are required to submit a medical report from any private hospital / registered clinic in Malaysia.

Approved participants and dependents (spouse and children) must possess a valid medical insurance policy which is applicable in Malaysia.

Participants of Malaysia My Second Home Programme are provided with various incentives to make their stay even more comfortable and enjoyable in Malaysia. The incentives provided are as follows:

a. House Purchase
Each participant is allowed to purchase up to two units of residential houses at a minimum prices above RM250,000 each, depending on the location of the property.

Generally the minimum price for the purchase of houses in Malaysia are as follows:
1. Above RM350,000 each for certain areas in the state of Sarawak
2. Above RM250,000 for other states

b. Car Purchase
Each participant is allowed to bring in his/her own personal car OR to purchase a locally-assembled car without the need to pay import duty, excise duty and sales tax.

Note:
1. 'Personal Car' is referred to a car which was purchased by participant before joining the MM2H programme.
2. Application of tax exemption must be submitted to Ministry of Finance within 6 months from the date of endorsement of Malaysia My Second Home sticker in the passport.

c. Domestic Helper
Each applicant is allowed to apply for one maid subject to the prevailing guidelines of the Immigration Department of Malaysia.

d. Education
Applicants are allowed to bring their children who under 18 years old and not married as their dependants under this programme.

Children who intend to continue their schooling in Malaysia are required to apply for a Student Pass and should be insured throughout their stay under this programme.

Participants are bound by the policies, systems and regulations of taxes of this country and they do not have exemption qualifications as granted to Diplomatic Missions in Malaysia.

However, tax exemption is given to pension remitted into Malaysia. Participants are required to obtain the endorsement from the Authorities in their country of origin as to the total amount of yearly pension received. A copy of this letter has to be submitted in their application.