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Malaysia-My Second Home Program

Facts on Malaysia My Second Home
THE Malaysian Government welcomes foreign nationals (except citizens of Israel, Yugoslavia, Serbia and Montenegro) to stay in Malaysia on a long term Social Visit Pass under the “MALAYSIA – MY SECOND HOME” programme. The duration of stay is for a period of 10 years with a Multiple Entry Visa. This programme allows foreigners to purchase up to two units of residential premises costing more than RM150,000 (approximately US$42,000) each. However, it does not entitle participants of the programme to permanent resident status.

Eligibility
This programme is open to all categories of citizens with no age limit, and they are allowed to bring along their dependants - that is, wife and children (below 18 years of age) and also one maid.

Financial requirements:
A. Applicants below 50 years of age (single or married)
RM300,000 fixed deposit at any bank in Malaysia
After one year: Withdrawal allowed of up to RM240,000 for
(i) purchase of a house in Malaysia;
(ii) education of children in Malaysia; or
(iii) medical expenses in Malaysia

B. Applicants above 50 years of age (single or married)
EITHER RM150,000 fixed deposit at any bank in Malaysia OR furnish proof of monthly offshore income of RM10,000 or from an approved / recognised institution in their country of origin, such as a pension scheme.
After one year: Withdrawal allowed of up to RM90,000 for
(i) purchase of a house in Malaysia;
(ii) education of children in Malaysia; or
(iii) medical expenses in Malaysia.

In both A) and B), a minimum balance of RM60,000 must be maintained in the fixed deposit for the duration of stay under the programme from the second year.

Note: A Multiple Entry Visa is given together with a Visit Pass (Social) of 10 years for successful applicants.

Applications
Applicants below 50 years of age must submit their applications to the Headquarters of the Malaysian Immigration Department only.

Applicants above 50 years of age may submit their applications in or outside Malaysia.

Submission of applications
An application may be submitted while the applicant is in the country provided that the applicant is in the possession of a valid pass.

Applications may also be made at the following places:

  • Immigration Department of Malaysia
    Visa, Pass and Permit Division
    Level 3, Block 2G4 (Podium)
    Precinct 2 Federal Government Administration Centre
    62550 Putrajaya Federal Territory
  • All Malaysian Tourism Offices
  • Immigration Department of Malaysia website: Malaysia My Second Home
     

Details
Maximum no. of residential units: Two

All categories of residential units are allowed except for:

  • Low-cost and medium low-cost units as determined by the state authorities
  • All properties built on Malay reserve land
  • Units reserved for Bumiputra quota
  • Agricultural land developed on the basis of the homestead concept

Each state authority has the discretion to consider the acquisition based on location, number of units in any single project development and the type of property.

Generally the minimum purchase price of residential units in Malaysia is as follows:

  • RM350,000 and above each for certain areas in Sarawak.
  • RM250,000 and above each for the states of Johor, Penang and Malacca
  • RM150,000 and above for other states

Restrictions
Successful applicants are STRICTLY forbidden to:

  • Be employed anywhere in Malaysia unless approved by the Government;
  • Participate in activities that could be considered sensitive to the local people such as political or missionary activities

Fees
The Social Visit Pass fee under the Malaysia My Second Home Programme is RM90 per year.

 

Main Benefits
All successful applicants enjoy the benefits of:-

  1. To purchase up to two landed properties/houses in Malaysia (freehold & leasehold permitted) priced above RM150,000 whereas those who are not in the programme can only buy houses priced above RM250,000.

  2. To bring or purchase one passenger vehicle tax-free (save up to 300% in tax on a single vehicle). Alternatively, you can buy a new car in Malaysia without paying excise duty & sales tax within 6 months from the date of approval.

  3. High interest rates for fixed deposits (currently between 3.0 - 3.7% annual yield).

  4. Flexibility of staying in Malaysia as long as you wish (without the one month limitation on most of the tourist visas.)

  5. Free to enter and leave the country without any restrictions.

  6. Applicant may apply for Permanent Residency after holding the Social Visit Pass for minimum of 5 years but Malaysia Immigration Department doest not guarantee that you will successfully obtain a permit to stay permanently. However, your Social Visit Pass will be renewed as long as you still meet the initial application criteria.

  7. To set up your own company, shop or factory in Malaysia as long as you abide by the laws on foreign investment in Malaysia.

APPLICATION PROCEDURES

  • Application can be submitted while the applicant is in the country provided that the applicant is in the possession of a valid pass

  • Once approved, Visa & Social Visit Pass will be issued in Malaysia.

List of Documents

  • Letter of application.

  • Two (2) copies of Form IM.12 (Form of Social Visit Pass)
    (download form: http://www.imi.gov.my/eng/Forms/im_forms.asp)

  • **Two (2) passport sized photographs of applicant & spouse(if applicable).

  • A copy of applicant's (and spouse) Passport / travel document (all pages).

  • An endorsed / certified copy of Marriage Certificate by the embassy (if accompanied by a spouse).
     

  • A copy of a certified fixed deposit & medical insurance.

  • A Personal Bond stamped RM10.00 by the Stamp-Duty Office (signed by the sponsor). (download form: http://www.imi.gov.my/eng/Forms/im_forms.asp)

  • A copy of the sponsor Identity Card (if applicable)

  • Sponsor's statement form.
     

 

See Also:

Doing Business In Malaysia?

All About Malaysia

KL Fast Facts

 

D-CHOICE PROPERTIES CAN ASSIST YOU

We understand that interacting with any government bureaucracy can be stressful, let alone a foreign government with which you may have little experience dealing with. D-Choice Properties (Click here to know more about us) can assist you by referring you to Sponsors. There are no charges for using our services to help you source an appropriate sponsors.  All the main sponsors in Kuala Lumpur, Malaysia are included without bias to any one of them. Our recommended sponsors have years of experience working alongside numerous Malaysian government departments. That way you can rest assured that your application will be handled in the same efficient and professional manner.

The basis role of our recommended sponsors are to ensure that the application is genuine and to verify that the submitted background information, financial status and family situation are true and correct. Our recommended sponsors then submit the application on your behalf and perform any follow-up.

Submitting Your Application

You may either post or personally bring your application materials to our representatives. Applicants are not required to appear in person at this time. However, all successful applicants must complete the landing visit to Malaysia.

Sponsor Fee

Our recommended sponsor fee for the Malaysia-My Second Home Programme includes the following:-

  •  Certification, processing and submission of documents for the Malaysia - My
     Second Home Programme.

  •  Personal bond and stamp duty.

  •  Landing visit service.
     

(Expenses for medical examination, medical insurance, bank drafts or cheques, visa fees, flight tickets, accommodations and application for identification card are not included in the sponsor fee.)

To inquire about our sponsor fee for Malaysia - My Second Home Programme, please contact our D-Choice Properties by submiting the below form.

Landing Visit Services

Successful applicants are required to land in Kuala Lumpur to finalize their application and obtain their official visas. As part of our application services, our recommended sponsors will assist you in opening a Malaysian bank account and obtaining valid medical insurance prior to your departure.

 

  1. Please provide the following contact information:

    Name

     Phone

    FAX

    E-mail

  2. How did you hear about D-Choice Properties?

  3. Use the box below to tell us about yourself, your spouse and dependants on such matters as previous (or current if any) occupation, income (if any), profession qualification, age, citizenship, and whatever you think is helpful to assist your application.

 

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