MM2H visa permit– Benefits & Incentives

Once your application is successful, there are various benefits & incentives provided as below:

 

MM2H Visa Permit

• 10 year Social Visit Pass with Multiple Entry will be granted
• Stay as long as you wish & leave Malaysia anytime as you please
• Renewable after 10 years

House Purchase

Each participant is allowed to purchase residential houses valued above RM500,000 in Kuala Lumpur state. The minimum price for house purchases is generally set at RM500,000 or above for all states except Sabah & Sarawak at RM350,000 . But for the state of Penang, it can be RM250, 000 and above for MM2H Visa holders only otherwise RM500,000 like other states.

Car Purchase

Each participant is allowed to bring in his/her own car (used) or purchase a new locally-assembled car without having to pay import duty, excise duty and sales tax. However, they must apply for prior approval within the 6month / 1years time period given by the Finance Ministry and Ministry of International Trade and Industry. Participants are only allowed to sell their imported/locally purchased car after 2 years' stay on the MM2Hprogramme by paying the prevailing duties)

 

Domestic Helper

Each applicant can apply for one maid subject to the prevailing guidelines of the Immigration Department

Education

MM2H participants are allowed to bring their children who are below 21 years old and not married as their dependants.

 

Tax

Tax Exemption is given to remittance of offshore pension fund into Malaysia

Business & Investment

You can own and actively run your own business. Terms apply

 

Working Part Time

Over 50 year olds can work part time. Terms apply

 

Other

• Import personal / household items, tax exempted
• Invest in local companies, share market & unit trusts
• Interest gained from bank fixed deposit is tax exempted
• Your parents can also join you as dependents under a renewable long term (6 monthly) visa