MALAYSIA MY 2ND HOME (MM2H)
Your satisfaction is our responsibility
Language
English is widely spoken in the country, Mandarin is the second known by most of the citizens.
Culture
Multiculturalism has made Malaysia a gastronomical paradise and home to hundreds of colorful festivals.
Weather
Temperatures range from a mild 24°C to 34°C average throughout the year, and the highlands experience cooler temperatures.
Healthcare
The Malaysia healthcare system is advanced and organized into two tiers of public and private healthcare facilities, and with a score of 95 out of 100, was ranked first in the Best Healthcare in the World category of the 2019 International Living Annual Global Retirement Index.
Retirement
Malaysia’s retirement system has been ranked 3rd in Asia and 23rd globally, making it one of the best spot to live in for retirement life.
Education
Malaysia’s higher education system is one of the best choices of destinations for higher education.
Investment
Malaysia has become the most attractive country in Southeast Asia for foreign investors, driven by the success of attracting more than RM220 billion approved investments in 2021 for the manufacturing and services sectors, according to the 2022 Milken Institute Global Opportunity Index (GIO). It boasts being one of Southeast Asia's most vibrant economies, which is the fruit of decades of industrial growth and political stability.
THE BENEFITS
Your satisfaction is our responsibility
Multiple Entry Visa
Successful applicants will receive a multiple entry visa, where it is renewable at fingertips.
Tax-Free Income
Malaysia does not tax overseas income so fund transferred into the country will be tax-free, and there are special tax-exemption scheme for the visa holders.
Property Acquitision
Visa holders able to purchase a property throughout the country, but, as property is controlled at a state level, it depends on the state's jurisdiction for the property value.
Business and Investment
Visa holders are able to setup their own company (without the requirement of local directors) to accomodate their business needs.
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Am I required to purchase property in Malaysia to be in this Programme?
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Property purchase is a pre-requisite for participating in the Programme, where participants need to purchase residential properties of varying values depending on the tier they qualify for.
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Participants are now required to purchase residential property with a minimum value of RM 600,000 (Silver tier), RM 1 million (Gold tier), or RM 2 million (Platinum tier), and hold it for at least 10 years, unless upgrading to a higher-value property.
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The summary of the tiers based on your description:
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Silver tier: Minimum property value of RM 600,000, with a holding period of at least 10 years.
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Gold tier: Minimum property value of RM 1 million, with a holding period of at least 10 years.
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Platinum tier: Minimum property value of RM 2 million, with a holding period of at least 10 years.
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Are there any special entitlements for house purchases?
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All participants are allowed to purchase residential properties at the minimum purchase price for foreigners established by the respective state governments. The land is a state matter and it is important to check the state laws before making any commitment, as the minimum purchase price is not standardized between states.
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Must foreigners buy new Malaysia property only, such as from developers, or can they purchase any property, such as from individual owners (second-hand or third-hand property)?
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Under the new scheme, participants have to purchase the residential property from developer only.
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What is the maximum number of properties I can purchase?
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Subject to the minimum rates established for foreigners by different states, applicants are able to purchase any number of residential properties in Malaysia.
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How to source for reliable property developers or projects if I decided to get one?
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At Well Home, we work with Malaysia's renowned property developer, we will be able to recommend and assist you in acquiring your dream house and your desired property.
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Healthcare
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Can I do a medical check-up in my country?
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Medical check-ups must be done in registered clinics or hospitals in Malaysia only.
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How do I assure the quality of Malaysia's healthcare system?
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Malaysia, with a score of 95 out of 100, was ranked first in the Best Healthcare in the World category of the 2019 International Living Annual Global Retirement Index.
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At Well home, you always deserve the best services, and we assure you the arrangement can be made based on your preference.
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How do i enjoy the excellent medical services?
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You can acquire the affordable insurance from the insurance company, thus yu are able to attend to any private medical provider.
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Education
Can dependents (children) study in Malaysia?
Dependents (children below 18 years old) are allowed to study in a primary and secondary school in Malaysia.
They are required to apply for “Permission To Study” from the MM2H Immigration Unit. If the dependents wish to pursue tertiary education, they have to terminate their MM2H dependent pass and apply for Student Pass.
Are dependents (children) allowed to attend government school? Or they have to attend international (private) schools only?
They are only allowed to attend international (private) schools.
Do the dependents (children) need to acquire Student Visa to attend kindergarten in Malaysia?
Children below 7 years old are NOT required to apply for Student Visa. They are required to apply for “Permission to Study” via the MM2H Immigration Unit.
How do I source out the school and the arrangement?
Well Home keeps a good rapport with the authorities and the education provider, it can be pre-arranged based on your needs and requirements.