Upon Approval

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

Aged Below 50 Years Old

Approved participants who have purchased and owned property bought at RM1 million and above in Malaysia may comply with the basic fixed deposit requirement of RM150,000 on condition that the property has been fully paid. This amount may not be withdrawn until the participant decides to terminate his/her participation in the MM2H programme.

Aged 50 Years and Above

Approved participants who have purchased and owned property bought at RM1 million and above in Malaysia may comply with the basic fixed deposit requirement of RM100,000 on condition that the property has been fully paid. This amount may not be withdrawn until the participant decides to terminate his/her participation in the MM2H programme.

BENEFITS OF THE MM2H PROGRAMME AT A GLANCE

Car Purchase and Import

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

Driving Licence

Malaysia has bilateral agreements for the automatic conversion of driving licences with 156 different countries.

Business and Working Part Time

Participants are allowed to start their own business in Malaysia as long as it is incorporated and registered with the Registrar of Companies Malaysia. Part time work is also allowable, pursuant to the fulfilling of conditions set by the Government of Malaysia.

Tax

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 exemptions are 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.

Domestic Help

Each applicant is allowed to apply for one maid subject to the prevailing guidelines of the Immigration Department of Malaysia. The cost of full-time domestic help in Malaysia starts from as low as RM500 per month (approximately USD130).

Education

Applicants are allowed to bring their children who are under 21 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.

Penang, due to its sizeable expatriate population, has a wide range of international schools and educational institutions that cater to all levels from primary to tertiary schooling and beyond.