Incentives For Participants

FIVE YEAR VISA
Successful applicants will receive a ten year visa which allows them multiple entry and exit from the country. This visa will be automatically renewed at the end of its validity without any need to resubmit all the documents required for the initial application. It should be noted the validity of the visa will not be longer than the validity of the passport. It is a relatively simple process to have the visa extended once you have your new passport. The government has warned that this visa does not lead to Permanent Residency. Obtaining PR in Malaysia is a difficult and lengthy process.

HOUSE PURCHASE
Each participant under this programme is allowed to purchase residential houses valued at more than RM250,000.00 each. For this purpose, participants can apply for a bank loan in Malaysia. It should be noted that local banks will require evidence of ability to repay the loan and usually require repayment by the time the borrower reaches 60 or 65. It is possible for foreigners to buy freehold land in Malaysia. All property purchasers have to receive state approval, which can take up to six months to secure.

CAR PURCHASE
A participant can choose to either import one car, which already belongs to him, from his country of residence subject to approved permit (AP), which is exempted from payment of import duty, excise duty and sales tax OR purchase one locally made car in Malaysia free of any taxes. It should be noted that if you import a car it must have been owned by the applicant before the MM2H visa was approved as this is a privilege which allows people to bring in a car they already own.

DOMESTIC HELPER
Each participant is allowed to bring in one domestic helper. The maid should come from a country which has been approved by the government. This includes Philippines, Thailand or Indonesia

TAX
Overseas pensions and other income are not taxable in Malaysia. Interest on Fixed Deposits are free of tax providing the deposit is for a period longer than one year or less than RM100,000. Other income received in Malaysia will probably be taxable. There is no inheritance tax in Malaysia and no capital gains tax, even on property sales.