Business & Investment

Participants are allowed to invest and actively participate in business [subject to existing government policies, regulations and guidelines which are in force for the related sectors.

Employment

Qualified MM2H participants aged 50 and above with specialised skills and expertise can apply to work in sectors approved by the Government.  The approval to work part-time is subject to the following conditions:

• The application to work part-time is approved by the Malaysian Government

• The work contract needs to state that the MM2H participant is working part time and to attach the work schedule

• Total number of hours work per week must not exceed 20 hours

Freedom to travel

Participants who have a permanent residential address in Malaysia under this program are entitled to apply for the MM2H ID Card, which allow them to pass immigration checkpoints into Malaysia as residents. Moreover, there is no minimum stay requirement, so participants can stay in Malaysia for as long as they wish or otherwise.

Three Generations of your family as dependents

Parents of participants who are aged 60 years old and above, wife of the participants as well as unmarried children below 21 years old can apply as dependents to come to Malaysia together with the participants.

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, foreign-sourced income received by an individual in Malaysia are not subject to tax even if such income is remitted to Malaysia, since Year of Assessment (Y/A) 2004.

Reference: Inland Revenue Board Malaysia (IRB)

Car Purchase

Each participant will be 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. This tax-exemption can be obtained if an application is submitted to the Ministry of Finance within 6 months of acceptance into the Malaysia My Second Home Program.

Note : 'Personal Car' is referred to a car which was purchased by participant before applying for the MM2H programme.

House Purchase

After a year of participating in the Malaysia My Second Home program, you are entitled to withdraw either MYR 50,000 (below 50 years old) or MYR 150,000 (above 50 years old) of your fixed deposit pledged to fulfill the financial requirement of the program, to purchase residential properties that subject to the following conditions:

• above RM 350,000 for certain areas in the state of Sarawak

• above RM 250,000 for other states in Malaysia

Education

As well, your children will be able to enrol in the many world-class institutions in Malaysia. After a year of participating in the Malaysia My Second Home program, you are entitled to withdraw either MYR 50,000 (below 50 years old) or MYR 150,000 (above 50 years old) of your fixed deposit pledged to fulfill the financial requirement of the program, to cover the education cost of your children.

If your children intend to continue their schooling in Malaysia, they will be required to apply for a Student Pass after they have secured the entry to a Private Education Institute.

Reference: Ministry of Education Malaysia (MOE), Ministry of Higher Education Malaysia (MOHE)

Healthcare

Malaysia has various world-class medical facilities. Medical services at public facilities are offered at a nominal cost, whereas services at private facilities are at a very reasonable cost. Certain medical needs of the participants are covered under the compulsory medical insurance. After a year of participating in the Malaysia My Second Home program, you are entitled to withdraw either MYR 50,000 (below 50 years old) or MYR 150,000 (above 50 years old) of your fixed deposit pledged to fulfill the financial requirement of the program, to pay for medical cost.

Domestic Helper

The program allows participants like yourself to employ a foreign maid to assist you at home, such that you won't have to waste precious time on household chores. Each applicant is allowed to apply for one foreign maid subject to the prevailing guidelines of the Immigration Department of Malaysia. Please note that unless your maid is from Cambodia, Indonesia, Philippine, Sri Lanka or Thailand, special approval is needed.