|Benefits of MM2H Programme.....|
|Benefits||Do & Don't||Terms & Conditions||What & How|
|A. Car Purchase|
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.
1 'Personal Car' is referred to a car which was purchased by participant before joining the MM2H programme.
2 The personal car has to be imported into Malaysia within six months from the date of endorsement of Malaysia My Second Home Social Visit Pass. Application for exemption of import tax, sales tax and excise duty should be made to the Ministry of Finance and application for the Approved Permit (AP) should be made with the Ministry of International Trade and Industry. Customs Declaration should be made through Customs Form No. 1 (K1) for clearance at point of entry;
3. Purchase of locally-assembled car has to be completed within 12 months from the endorsement of the MM2H Social Visit Pass. It involves 2 stages, the first being an application to Treasury for approval on make and model of car. Stage 2 is informing Treasury of the chassis and engine numbers of the motorcar so that a letter authorising the exemptions can be issued to Royal Malaysian Customs.
4. Participants are only allowed to sell their imported/locally purchased car after 3 years' stay on the programme.
5. The processing and approval of Approved Permit will take 10 working days from the date of submission (if documents is completed).
|B. House Purchase|
allowed to purchase residential houses at price above RM250,000,
depending on the location of the property.
Generally the minimum price for the purchase of houses in Malaysia are as follows:
1 Above RM300,000 per unit for certain areas in the state of Sarawak (Kuching, Miri)
2 Above RM250,000 per unit for other states
|C. Maid or Domestic Helper|
|Each applicant is allowed to apply for one maid subject to the prevailing guidelines of the Immigration Department of Malaysia.|
|Applicants are allowed to bring their children who under 18 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.|
|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.|
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