malaysia my second home programme - intrasource

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Malaysia My Second Home Programme

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Malaysia My Second Home Programme - Intrasource

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Page 1: Malaysia My Second Home Programme - Intrasource

Malaysia My Second Home

Programme

Page 2: Malaysia My Second Home Programme - Intrasource

Malaysia My Second Home Programme is

promoted by the Government of Malaysia to allow

foreigners who fulfill certain criteria, to stay in

Malaysia for as long as possible on a multiple-

entry social visit pass.

Page 3: Malaysia My Second Home Programme - Intrasource

Why Malaysia ?

Page 4: Malaysia My Second Home Programme - Intrasource

Excellent and Well-planned

Infrastructure and warm

moderate weather.

Malaysia has achieved substantial success

in its rural development, especially in reducing

the incidence of poverty in both rural and

urban. The rural areas have been developed

with infrastructures, utility, social amenities,

health and school facilities and etc to support

the economic development of the country as

well as increasing the quality of life of her

populace. The productivity and incomes of the

rural people, or more specifically the

agriculture sector, the mainstay of the rural

economy, have steadily increased

Page 5: Malaysia My Second Home Programme - Intrasource

Safety , Stable and Liberal

Democratic Government

Political Stability

The ruling Government is the

longest serving freely elected

Government in the world. It is a

Government representing all the

races, religions, cultures etc. in

Malaysia. In fact, Malaysia is one of

the most politically stable and safest

countries in the world.

Page 6: Malaysia My Second Home Programme - Intrasource

Excellence Banking System

The banking system, comprising

commercial banks, investment

banks, and Islamic banks, is the

primary mobiliser of funds and the

main source of financing which

supports economic activities in

Malaysia. The non-bank financial

intermediaries, comprising

development financial institutions,

provident and pension funds

insurance companies, and tactful

operators, complement the banking

institutions in mobilising savings

and meeting the financial needs

of the economy.

Page 7: Malaysia My Second Home Programme - Intrasource

Vibrant Business Environment

Malaysia oriented economy and government policies that provide

businesses with the opportunity for growth and profits have made

Malaysia a highly competitive manufacturing and export base. Malaysia's

rapid move towards the k-economy allows companies to do business in an

Environment that is geared towards information technology.

Page 8: Malaysia My Second Home Programme - Intrasource

Economic Strength

The structural transformation of Malaysia's economy over the last 50

years has been spectacular. Often dubbed the "lucky country" because of

its wealth of mineral resources and fertile soils, Malaysia did not rest on

its laurels but progressed from an economy dependent on agriculture and

primary commodities to a manufacturing-based, export-driven economy

spurred on by high technology, knowledge-based and capital-intensive

Industries.

Page 9: Malaysia My Second Home Programme - Intrasource

Good Education System

The country has one of the best-

developed education system in the world

providing and offering internationally

recognized programmes. The quality,

flexibility, variety and cost effectiveness

of education programmes from nursery

to university education have made

Malaysia popular with foreign students.

Page 10: Malaysia My Second Home Programme - Intrasource

Freedom of Religion

(Churches, Temples and

Mosques)

As Malaysia is a multi-religious

country, various Muslim mosques,

Buddhist temples, Hindu temples,

and Christian churches can be

found almost

everywhere.

Page 11: Malaysia My Second Home Programme - Intrasource

High Quality Healthcare

with many Specialist medical

hospitals as well as public

facilities available

Malaysia is fast becoming a

centre for medical excellence in the

region. We have a very efficient

health system in place where

medical services are provided at

nominal cost. Medical centres and

clinics with advance facilities,

together with medical consultants

and well trained nurses with

professional medical knowledge are

easily accessible, for all your

medical needs.

Page 12: Malaysia My Second Home Programme - Intrasource

Low Cost but High Standard

of Living with one of the

highest PPP (Purchasing

Power Parity ratio) in the

Region.

Quality living standards with

affordable living cost has ranked

Malaysia top in Asia. Its modern

infrastructure and facilities offer you

an easy relaxing lifestyle. Through

the Government’s efficient

monitoring of the economy, the

inflation is kept low all the times

thus the “pocket friendly” prices of

goods and services.

Page 13: Malaysia My Second Home Programme - Intrasource

Multiculturalism

Malaysia is a country of great

cultural diversity. Malays, Chinese,

Indians and many other ethnic groups

have lived together in peace and

harmony for generations. All these

cultures have influenced each other,

creating a truly Malaysian culture.

Page 14: Malaysia My Second Home Programme - Intrasource

Quality Living Environment

Malaysia enjoys an equatorial

climate. The weather is pleasant,

warm and balmy with moderate rain

throughout the year. The setting is

ideal for your dream home. With a

variety of quality residences- terrace

houses, semi-detached, bungalows,

apartments and condominiums

available all over the country, you are

spoiled for choice. Contact us for the

list of preferred developments, your

ideal home is only one step away.

Page 15: Malaysia My Second Home Programme - Intrasource

Shopping

Malaysia is a shopper's paradise.

Shopping in Malaysia is an adventure of

discovery. We have some of biggest

shopping malls in the region. We have

international brands, department stores,

supermarkets, cinemas, entertainment

outlets, fashion, lifestyle retail, delicacies,

eateries and specialty shops to enhance your

world class shopping experience. We also

have quality goods from all over the world

including luxurious brands besides our

traditional handicrafts. Reasonably priced,

they are available throughout Malaysia.

Plaza Kota Raya

Komtar Tower

Souvenir and

Handicraft Shops

Page 16: Malaysia My Second Home Programme - Intrasource

Excellent recreational

facilities ranging from World

Class Golf courses

Bangi Golf Resort

Monterez Golf & Country Club

Tropicana Golf & Country Resort

Templer Park Golf Club

Page 17: Malaysia My Second Home Programme - Intrasource

Food Paradise

Malaysia has many kinds of

restaurants almost everywhere in the

cities and towns. There are Malay

Restaurants, Chinese restaurants,

Indian Restaurants, Thai Restaurants

and more. Eating out in Malaysia is a

real gastronomic adventure. There is

such a great variety; spicy Malay

food, a seemingly endless variety of

Chinese food, exotic cuisine from

North and South India, as well as

Nyonya and Portuguese Food.

Popular Malaysian dishes

Page 18: Malaysia My Second Home Programme - Intrasource

Popular Places

Malaysia has a wide range of

tourist attractions. The sheer

diversity of tourism destinations

is astounding.

Kinabalu National Park

Kenyir Lake

St. Francis Xavier Church

Tanjung Balau Fishing Village

Terengganu Beaches

Lanjut Golf & Beach Resort

Page 19: Malaysia My Second Home Programme - Intrasource

Malaysians are a friendly

and hospitable people.

Multiculturalism has not only

made Malaysia a gastronomical

paradise, it has also made Malaysia

home to hundreds of colourful

festivals. It's no wonder that we love

celebrating and socialising.

Malaysians are very easy going,

warm and friendly.

Page 20: Malaysia My Second Home Programme - Intrasource

MM2H Eligibility

It is open to citizens of countries recognised by

Malaysia, regardless of race, religion, gender or

age.

The programme allows applicants to bring with

them their spouses, parents above the age of 60 and

unmarried children below age of 21 as dependants.

Foreign spouses of Malaysians and expatriates

who wish to retire in Malaysia after expiry of their

Employment Passes are also eligible to apply to

stay in Malaysia on this programme.

Page 21: Malaysia My Second Home Programme - Intrasource

Validity of Visa

You will get a 10-year Visit Pass and

Multiple-Entry Visa (renewable every

ten years) which will eventually give

you a lifetime easy access to the

country (perpetual visa).

Page 22: Malaysia My Second Home Programme - Intrasource

MM2H - Programme

Requirements

Criterias For Application

Letter of Application

Consent Letter

Authorisation Letter (If appoint Agent)

Social Visit Application Form (3 copies IM12)

Visa Application Form (IM55)

MM2H Application Form

A resume with details qualification, working experience

and skills of acquired

Four (4) coloured passport size photographs

Page 23: Malaysia My Second Home Programme - Intrasource

Copy of Passport/Travel documents ( all pages) with

certification on the pages with personal particulars

Letter of Good Conduct from your relevant government agency

(The Embassy of the applicant’s home country based in Malaysia

provided that the LGC issued by the Embassy has made a

reference to the respective police authority and the LGC must be

attested by the Embassy)

Certified copy of Marriage Certificate ( if accompanied by

spouse )

Certified copy of Birth Certificate/legal documents ( if

accompanied by children/adopted children/step children/parents )

Letter of Confirmation from Medical Specialist/General

Practitioner (if accompanied by disabled children above 21 years

old)

Page 24: Malaysia My Second Home Programme - Intrasource

Statutory Declaration by principle applicant to bear all

expenses and financial requirements during the stay in

Malaysia for dependents

Certified copy (s) of latest 3 months’ bank statement /other

related financial document (s) to indicate the financial

capability to support stay in Malaysia

Latest 3 months certified copies of pay slip / income

statement ( If employed)/ pension slip etc

A valid Medical Insurance in Malaysia

A Certified Medical Report from a local doctor / specialist

or Self declaration on your/dependents health conditions

(Form can be downloaded from MM2H website)

A Personal Bond (rate per person by nationality)

Meeting the Financial Requirements below:-

Page 25: Malaysia My Second Home Programme - Intrasource

AGE Liquid Assets Off-shore Income Successful applicant

Above 50years old

RM 350,000

RM10,000 per month If retired, proof of Government Pension RM10,000 per month

Open a fixed deposit account of RM150,000. After 1 year, can withdraw up to RM50,000 for approved expenses on house/car purchase, children education in Malaysia,medical, business investment in Malaysia. Balance of RM100,000 FD must be maintained throughout the MM2H program.

Below 50 Years old

RM500,000 RM10,000 per month

Open a fixed deposit account of RM300,000. After 1 year, can withdraw up to RM150,000 for approved expenses on house/car purchase, children education in Malaysia,medical, business investment in Malaysia. Balance of RM150,000 FD must be maintained throughout the MM2H program.

Financial Requirements

Page 26: Malaysia My Second Home Programme - Intrasource

Important Notes

All copies must be certified TRUE COPIES OF

ORIGINAL DOCUMENTS by EMBASSY /HIGH

COMMISSION / SOLICITOR/ JUSTICE OF PEACE /

NOTARY PUBLIC / COMMISIONER FOR OATHS /

GOVERNMENT OFFICIAL.

Where original documents are not in English, translation

must be done by a qualified translator.

The Security Bond per person can be in the form of cash,

bank draft or money order, made payable to the "KETUA

PENGARAH IMIGRESEN MALAYSIA ". The Security

Bond must be stamped (RM 10.00) by The Stamping Office

at the Inland Revenue Board of Malaysia.

The amount chargeable is according to Country of Origin

of the participant; refer to Rate of Security Bond/Personal

Bond by Country.

Page 27: Malaysia My Second Home Programme - Intrasource

Various Incentives

House Purchase

Any foreigner may purchase any number of residential

property in Malaysia, subject to the minimum rates

established for foreigners by the different states. They start

from RM500,000 per unit for most states, from 1st January

2010. Land is a state matter and it is important to check state

laws before making any commitment, as the minimum

purchase price is not standardised between states.

Domestic Helper

Each applicant is allowed to apply for one maid subject to

the prevailing guidelines of the Immigration Department of

Malaysia.

Freedom to travel There is no minimum stay requirement. You are free to enter

and leave the country anytime

Page 28: Malaysia My Second Home Programme - Intrasource

Car Purchase

Each participant is allowed to bring in his/her own personal car

OR to purchase a locally-assembled car without the need to pay

import duty, excise duty and sales tax.

Application to IMPORT a motorcar from the participant’s

country of citizenship/last domicile must be forwarded to the

Ministry of Finance within a period of six months from the

endorsement date of Malaysia My Second Home (MM2H) social

visit pass. The condition for such importation is that the MM2H

participant should be the owner of the motorcar prior to obtaining

the MM2H visa, as evidenced in the motorcar registration

document.

An Application to PURCHASE a new motorcar made or

assembled in Malaysia must be must be forwarded to the

Ministry of Finance within a period of one year from the

endorsement date of Malaysia My Second Home (MM2H) social

visit pass.

Page 29: Malaysia My Second Home Programme - Intrasource

Education

Applicants are allowed to bring their children who under 21

years old and not married as their dependants under this

programme.

Children who intend to continue their schooling in Malaysia are

required to apply for a Student Pass and should be insured

throughout their stay under this programme.

Tax

Participants are bound by the policies, systems and regulations

of taxes of this country and they do not have exemption

qualifications as granted to Diplomatic Missions in Malaysia.

However, tax exemption is given to pension remitted into

Malaysia. Participants are required to obtain the endorsement

from the Authorities in their country of origin as to the total

amount of yearly pension received. A copy of this letter has to be

submitted in their application.

Page 30: Malaysia My Second Home Programme - Intrasource

Business & Investment

MM2H participants are allowed to invest and actively

participate in business by registered your business with the

Companies Commission of Malaysia (CCM) under the

Companies Act 1965, subject to existing Government

policies, regulations and guidelines which are in force for the

relevant sectors business

There are more investment opportunities where you can get

the advice from Malaysia Industrial Development Authority

(MIDA).

Employment Opportunities

Employment is permitted only after obtaining a work

permit from the Government of Malaysia and is usually

granted only to person with special skills.

Part-time Work - Allowed for those in the 50 years &

above and Not more than 20 hours per week (subject to

terms and conditions )

Page 31: Malaysia My Second Home Programme - Intrasource

Citizenship

You still retain your citizenship and all its privileges in your

own country

Page 32: Malaysia My Second Home Programme - Intrasource

How to Apply ?

Step 1 : Pre Submission

Applicants to submit all the necessary documents to Authorized Agents.

Agents will help to summarize and vet all documents and ensure all

required documents are completed and correct as per the latest ruling prior

to submission which is very important.

Step 2 : Submit application to MM2H Centre through appointed agent.

Submission of complete application documents to the authorities together

with the authorized agent’s “Personal Bond” signed with Malaysia

Government for the applicants as “SPONSOR” and the sponsor’s

recommendation letter.

Page 33: Malaysia My Second Home Programme - Intrasource

• Step 3 : Approval

The documents will be process and approve by a Central Committee

(usually once a month). The Conditional Approval Letter shall be issued

by Malaysian Immigration Department about 2 months from the date of

submission of complete documents.

Step 4 : Applicant come to Malaysia. (After receiving the Conditional

approval Letter)

Open the required Fixed Deposit account in any bank in Malaysia for

one year period on an auto renewal basis

Purchase Medical Insurance in any insurance company in Malaysia and

summit Medical Insurance that is applicable in Malaysia.

Obtain medical report from any private hospital or registered clinic in

Malaysia within 6 months from the date of Conditional Approval Letter

Fullfill Security Bond requirement.

Page 34: Malaysia My Second Home Programme - Intrasource

Step 5 : Submit remaining documents to the Immigration Unit,

MM2H Centre.

Step 6 : Visa & Pass Endorsement

Applicant collects The Malaysia My Second Home Visa Social Visit

Pass fee (RM 90/year)

Social Visit Pass will be given according to the validity of the

passport (maximum 10 years).

Important Note

Any documents that are not in English, must be translated in English

and be certified by relevant authorities i.e. Notary Public, Foreign

Ministry or Commissioner of Oaths

Page 35: Malaysia My Second Home Programme - Intrasource

Extension of Visa Applies to those who did not receive the full duration of the 10 years’ Visa

because of short validity period of their passport at the time of approval

and would like to receive the remaining period upon the issuance of a new

Passport.

The Applicant must appear in person at the Immigration Department of

Malaysia.

The Applicant should bring the following documents and payment:

a. Old and New Passport

b. Photocopy of the New Passport

c. IM 12 form

d. Payment of RM 90 per year for the Social Visit Pass, payable to the

Immigration Department

e. Copy of FD Certificate

Page 36: Malaysia My Second Home Programme - Intrasource

Termination As Participant The Applicant should forward the following documents to the Malaysia My

Second Home Centre:

a. Letter of intention to terminate stay in Malaysia under this Programme

b. Authorize Letter to Withdraw Fixed Deposit from Ministry of Tourism

Malaysia

c. Original Passport

d. Original & Copy of Flight Ticket

e. I-Card (if applicable)

The letter of termination will be issued to applicant within 3 day from the date

of submission.

Applicant must be present in person at Immigration Department / State

Immigration office to cancel the Social Visit Pass under the MM2H

Programme.

Applicant may proceed to relevant bank to withdraw the remaining fixed

deposit (if applicable) after canceling the Social Visit Pass.

Page 37: Malaysia My Second Home Programme - Intrasource

Renewal The Applicant must be present in person at the Immigration Department of

Malaysia or State Immigration Department which issued the initial approval.

The Applicant should bring the following documents and payment:

a. Letter of intention to continue the Programme

b. Original & Photocopy of Applicant’s Passport

c. IMM. 55

d. IMM. 38 (if applicable)

e. Payment of RM 90 per year for the Social Visit Pass, payable to the

Immigration Department

f. Original & Copy of Fixed Deposit (if applicable)

g. Current proof of Monthly Offshore Income (if applicable)

h. Original & Copy of Health Insurance

i. Original & Copy of Confirmation Letter from Bank (if applicable)

j. Original & Copy of Conditional Approval Letter

Provide security bond if for renewal done personally

The extension process takes approximately 7 days from the date of submission.

Page 38: Malaysia My Second Home Programme - Intrasource

Please contact Ronald Chew +65-96163127

Eileen Goh +65-96695188

to find out more about Malaysia My Second

Home program.

Page 39: Malaysia My Second Home Programme - Intrasource

Our Professional Service :

Assist in the preparation and subsequent submission of your application to

the Immigration Department of Malaysia.

Submit a Personal Bond required by the Immigration Department of

Malaysia.

Assist in all the follow-up requirements after submission.

Ensure that approval is obtained within a reasonable time.

Be the local liason party / person on behalf of the applicant.

Assist in providing other optional services if required

Page 40: Malaysia My Second Home Programme - Intrasource

We also a One Stop Service Provider

Optional Services (to be provided upon request):

We provides Free Consultation and Real Estate Agency services for

renting or buying of your ideal home.

Arranging for Housing Loan / Financing and legal assistance.

Assist in home renovation, furnishings & Interior designing.

Assist in transporting belongings to Malaysia.

Application for tax exemption for importing or buying a locally assembled

car.

Assist in school search and applying for student pass.

Application for housemaid from country of origin/country approve by the

authority.

Assist in business setup and financial Investments.

Assist in getting legal advice, medical assistance, insurances, will writing,

etc.

Page 41: Malaysia My Second Home Programme - Intrasource

Application to withdraw part of the fixed deposit after a period of 1 year for

purchase of house, education and medical purpose.

Assist in renewal or extension of visa/pass upon expiry

Assist on conversion of foreign driving license to Malaysia driving license.