Tag Archives: Malaysia my second home

Pavilion Square Residences 2024 Kuala Lumpur, Malaysia
Pavilion Square Residences Kuala Lumpur, Malaysia
Pavilion Square Residences Bukit Bintang Kuala Lumpur
  • Seamlessly connected to Pavilion Mall
  • 30,000 sf. of lifestyle facilities
  • Practical layout form 500 sf. – 1,300 sf.
  • Higher & Longest swimming pool
  • Larger sky GYM
  • Direct access linked bridge

    Malaysia My Second Home ( MM2H) Kuala Lumpur

     

    Malaysia My Second Home

    Malaysia my second home the Social Visit Pass is initially for a period of Ten years and is renewable.

    A country situated in the heart of South East Asia, reflects the very essence of Asia, a bubbling, bustling melting pot of races and religions, where various ethnic groups live together in peace and harmony. 

    The rapid economic growth of Malaysia has resulted in substantial investment towards infrastructure and the continuous upgrading of facilities to world-class standards.

     

    Geography

    The total area of Malaysia is approximately 330,000 square kilometer, with most of it located on the island of Borneo. Peninsular (west ) Malaysia only comprises approximately 40% of the total area.

    Malaysia is not located within the Pacific Ring of Fire Zone, making it free from major natural disasters such as volcanoes, tsunami, typhoons and earthquakes.

     

    Weather

    The country enjoys a tropical climate, with weather that is pleasant, warm and balmy with moderate rain throughout the year. There are also highland residential areas and resorts with permanent spring-like weather throughout the year, which temperatures are between 15″c (59″F) to 25″c (77″F).

     

    Malaysian People

    Malaysia is a multi-racial country consisting of Malays, Chinese, Indians and numerous indigenous people. Having lived together for generations, all these cultures have influenced each other creating a truly Malaysia culture.

     

    Malaysian Culture essay – A land of charming Diversity

    Malaysia is a mosaic of cultures, owing to its colorful historical past and being part of the international spice route many hundreds of years ago. The amalgamated culture is a colorful heritage that is still a large part of daily life practices, despite urbanization of the cities.

     

    Language

    Multiple language for communicate in Malaysia included English , Chinese , Malay and Tamil .

     

    Recreation & Entertainment

    buying property in malaysia 

    Recreation and entertainment facilities are abundant in Malaysia, owing to the year – round pleasant weather and natural wonders of its tropical environment , theme parks, jungle trails, world – class cinemas, performing arts theaters and art galleries, sports facilities, water sports and golf .

     

    Food and Fruits in Malaysia

    food and fruits in Malaysia food and fruits in Malaysia

     

    Malaysia food is a varied culinary spectrum originating from Malaysia’s multi-ethnic population. Indulge in gourmet cuisine created by amazing chefs in designed restaurants, or sample an endless amount of treats found at malls, store- fronts, street-side hawker stalls or the 24-hour local ‘mamak’ restaurants; which are run by Muslim-Indians.

     

    Shopping – experience the indoor and outdoor shopping.

    Malaysia my second home Malaysia my second home

     

    There is a number of luxury shopping malls, as well as the local street-side stalls and stores where everything is designed for shopper convenience; contain banks, foreign currency exchange counters, supermarket, restaurants, entertainment center’s and hundred of shops offering a tremendous range of goods.

    Shoppers can visit one of the many weekly flea markets and night markets – ” Pasar Malam” .

    High Speed Rail

    buying property in malaysia

    High Speed Rail expected to be completed in year 2026, with the ripple effect of the project, development in Malaysia looks set to surge, as the newly-accessible prime estate along the tracks hosting transit stations.

     

    Malaysia KLCC Kuala Lumpur

    Malaysia my second home KLCC Kuala Lumpur Malaysia my second home KLCC Kuala Lumpur

     

    Educations

    Foreign Universities Branch-Campus

    • Xiamen University Malaysia Campus
    • Monash University Malaysia
    • The University of Nottingham Malaysia Campus
    • De Montfort University
    • Heriot-watt University Malaysia
    • Manipal International University

    Local University Branch Campus

    • Taylor’s University College
    • Sunway University College
    • Inti International University College
    • Limkokwing University of Creative Technology
    • University College Sedaya International

    International School

    • Alice Smith School
    • Australian International School
    • French School
    • Say folk International school
    • International School of Kuala Lumpur

    Malaysia my second home – Eligibility

    Option for the MM2H program is open to all countries recognized by Malaysia with requirements include a minimum monthly income, minimum liquid assets, a fixed deposit, plus various other rules. The exclusion of foreign spouses of Malaysian citizens was removed in February 2009 and they are now allowed to apply for the MM2H visa.

    Permanent Residence Malaysia @ My Second Home (MM2H)

    Permanent Residence Malaysia

    Being a permanent residence in Malaysia that grant you the right to reside in the country without any time constraints.

    Malaysia offers several benefits to individuals who obtain permanent residency includes*

    • Long-term residence
    • Work and business opportunities
    • Education and healthcare
    • Purchase property in Malaysia

    Eligibility Category

    Family ties with a Malaysian citizen (category 3)

    • Spouse of a Malaysian citizen
    • Biological child, step child or adopted child aged 18 and below
    • Biological mother or father of a Malaysian citizen
    • Divorcee, widow or widower of a Malaysian with a biological child who is a Malaysian citizen
    • Mother-in-law or father-in-law of a Malaysian who is holding a valid pass in Malaysia

    Family Ties with a Permanent Resident of Malaysia (category 4)

    • Biological  child aged 18 and below of a permanent resident
    • Husband or wife of a permanent resident

    Ex-Malaysian (category 5)

    • Malaysian who voluntarily renounced their citizenship
    • Malaysian who were deprived of citizenship

    Application Conditions

    • Valid travel document or passport with at lease (6) months’ validity
    • Resided in Malaysia on a valid long-term pass
    • A minimum of three (3) years’ residence in Malaysia – category 3
    • Minimum of five (5) years’ residence in Malaysia
    • Sponsored by a Malaysian aged 21 years or above
    • Divorcee / widow / widower to a Malaysian citizen who has been granted a full or joint custody of the biological child by the relevant court of law
    • Photocopies of supporting documents must be certified by corresponding foreign missions in Malaysia
    • Application in west Malaysia require a Malaysian citizen sponsor
    • Applications in Sabah and Sarawak must be sponsored by a Malaysian of Sabah and Sarawak origin
    • Both sponsor and applicant must be present during document submission at the immigration office

    ( * If you’re considering permanent residency in Malaysia please consult official advice for up-to-date information.) 

    1.  

    MM2H

    The Malaysia My Second Home Program (MM2H) is designed program to attract foreign nationals who wish to reside in Malaysia for an long-terms basic. 

    What are the benefits of MM2H*

    • Long-term residency
    • Visa flexibility
    • Financial incentives
    • Tax benefits
    • Quality of life
    • Healthcare and education

     

    Eligibility Criteria*

    • Applicants must be at least 30 years old
    • Demonstrate a minimum monthly offshore revenue of RM40,000
    • Fixed deposit must be make in any Malaysian Bank , the deposit amount varies based on the desired tier (silver, gold or platinum)
    • One-off bond payment (up to RM5,000) depending on nationality
    • An ongoing annual fees of RM500 applies
    • Recommended to purchase of health insurance 

    The exclusion of foreign spouses of Malaysian citizens was removed in February 2009 they are now allowed to apply .

    Application Process

    • Applicants must be present during the application process
    • Submit the original and copy of the participant’s passport, conditional approval letter, and form imm.12 IM.12.pdf with a photo of the participant.
    • Social visit Pass 

    Home Purchase

    • Participants are allow to purchase an unlimited number of residences above the minimum applicable price set for foreigners buying property in the state where they make the purchase
    • MM2H participants are allowed to withdraw partial amounts from the required fixed deposit to residential purchase starting from second year onwards (date of social visit pass endorsement in the passport)
    • MM2H participants are allowed to withdraw partial amounts from the required fixed deposit starting from the second year onwards (effective from the date of MM2H Social Visit Pass endorsement in the passport).

    Fixed Deposit withdraw

    Partial withdraw of the require fixed deposit  from 2nd year onwards for approval expenses to children’s education and medical expenses

    • RM50,000 for aged 50 years and above 
    • RM150,000 for aged below 50 years

    However, minimum required to maintain the balanced of fixed deposit until they termination to the programmed as follow

    • RM100,000 for aged 50 years and above
    • RM150,000 for aged below 50 years

    Dependents

    • Spouse
    • Children below 21 years of age including stepchildren and disabled children
    • Parents

    Education options

    MM2H participants have access to various educational options for their children

    • Private Universities
    • Private University-Colleges
    • Foreign University branch campuses
    • International school

    Taxes

    • 15% income tax on revenue generated within Malaysia
    • 30% real property gain tax (disposal within5 years of acquisition), tax rate reduces to 10% after 5 years

    Insurance

    All MM2H participants and their dependents must possess valid medical insurance coverage from any recognized insurance company in Malaysia