MALAYSIA MY SECOND HOME PROGRAM

MALAYSIA MY SECOND HOME PROGRAM
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Malaysia has one of the highest standards of living in the region with all the modern infrastructure and facilities in place. Cost of loving is one of the lowest in Asia. The weather 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 country. Malaysia is one of the most politically stable countries in the world. Its crime rate is relatively low. Islam is the official religion of Malaysia, but the constitution guarantees the right of people to practice other religions.
Why Malaysia?

Many reasons to move to Malaysia or buying a second home.
• Low cost of living than most developed countries
• High economic growth
• Substantial investment in infrastructure and upgrading of facilities
• Warm, friendly people who speak English
• Hot climate but rarely extreme
• Economic and political stability
• Variety of local/international cuisine Malay,Chinese, Indian, Thai, Western and other food from all over the world
• Shopping malls & supermarkets including Tesco hypermarkets all over Kuala Lumpur and other parts of the country
• Natural beauty all over the country
• Sports including Formula 1 racing and plenty of golf clubs throughout the country
• Other entertainment such as theatres, clubs, restaurants, cinemas and satellite TV
• Telecommunications is excellent with high speed internet services, mobile phone & landline phone services
• Air services both local, regional and international flights that cover every Asian capital city and many cities around the world
• Quality education including international schools, private colleges and universities
• First class medical facilities with internationally recognised hospitals and clinics
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
• 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
MM2H Visa Permit Requirements

BEFORE APPROVAL

Applicants are required to comply with the following financial criteria upon successful submission of their MM2H application.

AGE LIQUID ASSETS MONTHLY
INCOME HOUSE OPTION FIXED DEPOSIT
50+ RM350,000 RM10,000 NIL RM150,000
50- RM500,000 RM10,000 NIL RM300,000

AFTER APPROVAL

Successful applicants are required to comply with the following financial Fixed Deposit placements upon receipt of the conditional approval letter from Malaysia Immigration Department.

Aged Below 50 years old
• Open a fixed deposit account of RM300,000.
• After a period of one year, the participant can withdraw up to RM150,000 for approved expenses relating to house purchase, education for children in Malaysia, medical purposes, rental, furniture, car purchase etc.
• Must maintain a minimum balance of RM150,000 from second year onwards and throughout stay in Malaysia under this Malaysia My Second Home programme.
Aged 50 years and Above
• Will either: - Open a fixed deposit account of RM150,000 OR - If full Government Pension of RM10,000 income is shown then no fixed deposit is required.
• After a period of one year, participant who fulfills the fixed deposit criteria can withdraw up to RM50,000 for approved expenses relating to house purchase, education for childrenin Malaysia, medical purposes, rental, furniture, car purchase etc.
• Participant must maintain a minimum balance of RM100,000 from the second year onwards and throughout his/her stay in Malaysia under this MM2H programme.
Note:
• Successful applicants need to open their fixed deposits in Ringgit Malaysia (RM) only.
• Participants need to obtain approval from Ministry of Tourism before proceeding to withdraw the fixed deposit.
• Participants under this program may withdraw their entire fixed deposit anytime should they decide to terminate their stay in Malaysia under this program. However, they must obtain prior approval from the Ministry of Tourism.

New applicants who have purchased and owned residential property which has a PAID amount of RM1 million and above in Malaysia are eligible to apply for exemption from placing the full FD amount required of MM2H participants. They only have to comply with the basic financial requirement of FD of RM100,00 for over 50 & RM150,000 for under 50 respectively. This amount may not be withdrawn until the participants decide to terminate their participation in MM2H programme.
New applicants have to observe the following conditions:
• The purchased residential property may be a fully completed unit or one under construction. For any property purchased, applicants aged below 50 and those aged 50 and above must produce copies of payments made to developers, amounting to a minimum of RM1,000,000. This amount does not include legal fees, transfer fees, commissions and any other related payments
• The property must cost a minimum of RM1 million OR
• Several properties totalling RM1 million and above can be accumulated for this exemption
• Properties must have been bought in the last 5 years only
Medical Report
All applicants and their dependents (spouse and children) are required to submit a medical report from any private hospital / registered clinic in Malaysia after Approval.
Medical Insurance
Approved participants and dependents (spouse and children) must possess a valid medical insurance policy, which is applicable in Malaysia. If any applicants are above 59 years old then this requirement is waived. This is also required after approval.
Processing Time
04 (Four) months from the date of Acceptance Letter.
Please contract-
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*N.B. Please send your Mobile no & E-mail & Skype.
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Looking forward your positive answer.

Rakib Ahmed
CEO/ Executive Director
Young Tourist Club Bangladesh – YTC
28/1/C, Rahamania International Complex ,
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Room No-# 09, DHAKA-1000.
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