Joined: 01 Mar 2003 Posts: 2 Location: AlloExpat.com Home Country: NULL
Posted: Fri Dec 19, 2003 4:54 pm Post subject: MALAYSIA MY SECOND HOME : Retiring in Malaysia
RETIREMENT IN MALAYSIA : MALAYASIA MY SECOND HOME
The Malaysia my second home program is to allow people from all over the world, who fulfill certain criterias, to stay in Malaysia as long as possible on a social visit pass with multiple entry visa. The Social Visit Pass is initially for a period of 5 years and renewable.
WHO IS ELIGIBLE TO APPLY FOR MALAYSIA MY SECOND HOME?
Malaysia my second home is open to all citizens of countries recognized by Malaysia regardless of race, religion, gender or age.
The applicant must prove a minimum fixed deposit of RM150,000 if single with any Malaysian financial institution AND have a monthly offshore income equivalent to at least RM7,000 if single or RM10,000 if with spouse. But if applicant is above 50 years old, he has only to prove either a fixed deposit of the same amount OR a monthly income as stated.
OTHER CONDITIONS
Having a reputable Malaysian sponsor can be a help. However, this condition is not required if the financial background and status of the applicant satisfies the Processing officer.
To have a medical report from any recognized hospital.
HOW TO APPLY FOR THE PROGRAMME?
Application can be made direct to :-
Department of Immigration, Malaysia Block 1 (North), Level 4, Damansara Town Centre 50550 Kuala Lumpur, Malaysia
Any Malaysian representative Offices overseas and also Tourism Malaysia Offices
Applications can also be made through agents, and lawyers.
To be enclosed with the application are two (2) passport-size photographs of the applicant, spouse and accompanying children together with relevant supporting documents.
APPROVAL
Under normal circumstances, all applications that fulfill the criteria should be processed and approved within 30 days after submission of the application.
FURTHER ENQUIRIES
For further enquiries regarding this Malaysia my 2nd home program, participants can contact :-
Ministry of Culture, Arts & Tourism,
Tourism Division
Level 33, Menara Dato' Onn Putra World Trade Centre
45, Jalan Tun Ismail 50694 Kuala Lumpur Malaysia
Tel: 03-2693 7111/2696 3132/2696 3133
Fax: 03-2694 1146/2693 2399
Website: www.mocat.gov.my
Ministry of Home Affairs, Malaysia
Block D I , Parcel D Federal Government Administrative Centre
62546 Putrajaya, Malaysia
Tel : 03-8886 8000 Fax : 03-8889 1613
Website: www.kdn.gov.my
Department of Immigration, Malaysia
Block I (North), Level 4 Damansara Town Centre
50550 Kuala Lumpur, Malaysia
Tel : 03-253 9181/254 5096/254 5108
Fax: 03-252 4911/256 2340
Website: www.imi.gov.my
Last edited by admin on Sun Apr 03, 2005 3:47 pm; edited 7 times in total
Posted: Wed Feb 04, 2004 3:58 pm Post subject: Malaysia my second home
Anonymous wrote:
How about age ? Can i use this programme for age 30 ?
Yes, any age can apply, i have recently had my visa approved, i am 48, retired and had to put up the depoist and show my last 2 years tax returns from Australia & that was that! The BEST thing is that you can buy one new/used DUTY, TAX & EXCISE FREE CAR! That right, once u get your visa stamp u apply to the Ministry of Finance then go shopping, i found it much cheaper buying a new car in Singapore (one approved for export ) and send it via Port Klang, i will report back once its all settled! Buy if anyone wants some help get back to me!
Posted: Sun Feb 08, 2004 12:34 pm Post subject: Is there a condition that house must be more than RM$250K
Besides the RM$150K fixed deposit in malaysia banks, is there a condition that house must be more than RM$250K in value ? I am thinking of retire in batu pahat as it seems a safe place.
Posted: Mon Feb 09, 2004 3:30 pm Post subject: Re: Malaysia my second home
fletch8 wrote:
Anonymous wrote:
How about age ? Can i use this programme for age 30 ?
Yes, any age can apply, i have recently had my visa approved, i am 48, retired and had to put up the depoist and show my last 2 years tax returns from Australia & that was that! The BEST thing is that you can buy one new/used DUTY, TAX & EXCISE FREE CAR! That right, once u get your visa stamp u apply to the Ministry of Finance then go shopping, i found it much cheaper buying a new car in Singapore (one approved for export ) and send it via Port Klang, i will report back once its all settled! Buy if anyone wants some help get back to me!
Posted: Tue Feb 24, 2004 11:10 pm Post subject: Re: Is there a condition that house must be more than RM$250
Dennis Tay wrote:
Besides the RM$150K fixed deposit in malaysia banks, is there a condition that house must be more than RM$250K in value ? I am thinking of retire in batu pahat as it seems a safe place.
What about propery in Mainland Penang? Land there is pretty cheap and there is a Bangalow for Sale in Jawi with Golf membership thrown in.
Posted: Wed Mar 17, 2004 11:11 am Post subject: Malaysia My Second Home Program
Please find further updates from what we had published earlier on 19/12/03 regarding MALAYSIA MY SECOND HOME as follow:
DOCUMENTS & INFORMATIONS REQUIRED
The Government of Malaysia welcome foreigners along with the spouses from all over the world (except nationals of Israel and Yugoslavia), to stay in Malaysia on a long term for 5 years basis initially and followed by an extension of stay for another 5 years depending on the validity of the applicant’s passport & the spouses. Participants of this programme will be issued with a Multiple Entry Visa (MEV)
This programme is not a pre-condition to a Permanent Resident status eligibility.
Duration of process: Immigration takes 30 working days to process.
REQUIREMENT:
AGE
Open to all category of quality citizens with no age limit.
Allow bringing along their dependents who are not schooling or schooling and also maid.
FINANCIAL QUALIFICATIONS
Applicants must possess a saving account (fixed deposit) in any Malaysia Financial Institution OR Bank. (Monthly income in the form of monthly fixed pension, royalties or other fixed income).
Saving CANNOT be withdrawn as long as the Social Visit Pass is valid.
Fixed deposit cannot be withdrawn as long as the applicant is under this programmed, and must maintain when applying for extension.
Applicants 50 years and above
Individual : Saving of RM 100,000.00 and above OR Monthly income of RM 7,000.00
Individual + spouse : Saving of RM 150,000.00 and above OR Monthly income of RM 10,000.00
Applicants below 50 years
Individual : Saving of RM 100,000.00 and above AND Monthly income of RM 7,000.00
Individual + spouse : Saving of RM 150,000.00 and above AND Monthly income of RM 10,000.00
MEDICAL COVERAGE/INSURANCE
Applicants must possess a valid medical insurance policy from any insurance company that is applicable in Malaysia together with a medical report from any recognized Medical Institution.
SPONSOR
The requirement of a sponsor can be waived if enough proof can be provided to show that applicant is genuine, and there is no falsification of applicant background, financial status and lifestyle. However, it is recommended to provide the Immigration a local sponsor.
Applicants can acquire the services of companies that have registered with the Malaysian Immigration Department.
TAXES
Successful applicants are bound by the policies, system and regulations of taxes of this country.
RESTRICTIONS ON EMPLOYMENT
Once the pass has been granted, they are not allowed to work or be employed as long as the subject are under this programmed.
Applicants are also strictly forbidden from participating in any activities sensitive to local people, politics, missionary and activities that could be a threat to the security of the country.
Shall you have any specific request, please feel free to submit it to us at immigration@alloexpat.com.
Gender: Age: 56 Zodiac: Joined: 04 Nov 2003 Posts: 62
Home Country: uk
Posted: Thu Apr 22, 2004 4:14 pm Post subject: Re: Malaysia my second home
fletch8 wrote:
The BEST thing is that you can buy one new/used DUTY, TAX & EXCISE FREE CAR! i will report back once its all settled! Buy if anyone wants some help get back to me!
Hi fletch8.
Is it all sorted now?
I am just starting the process of purchasing a new car (to be imported from Germany!), and am interested to know your experiences. Were there any hiccups or pitfalls that we need to be wary of?
Incidentally the most informative MMSH site I have found is:
From the menu of choices on the left hand side select English (Unless your Bahasa is a lot better than mine)
Then select "Tourism", and the drop down window will reveal "MMSH" amongst other choices. Click on MMSH and then you get a list of things 1 through to 9, plus an appendix I.
Posted: Sat May 01, 2004 11:25 pm Post subject: working in MAlaysia
Are there any possibility to work in Malaysia if a family got the approval under 2nd home programme . I mean to say tha t for a Medical Doctor or an Experience Engineer
Jef, from what i have read on a few FAQ's about the program, even doctors or teachers are not allowed to work under this program.
But i have been looking for infos about the tax rates on the gain made on the sale of a property, but couldn't find anything. Does anyone know?
Thanks
Sabrina
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