News & Update

Updates on the Malaysia My Second Home (MM2H) Programme by Christopher Chan

Contributed by Christopher Chan

The Malaysia My Second Home (MM2H) programme is promoted by the Government of Malaysia to allow foreigners who fulfil the set criteria to stay in Malaysia for as long as possible on a multiple-entry social visit pass. The Social Visit Pass is initially for a period of ten (10) years and is renewable.

This programme is open to citizens of all countries recognised by Malaysia regardless of race, religion, gender or age. Applicants are allowed to bring their spouses and unmarried children below the age of 21 as dependents.

Summary of Participating Countries by Region (from 2012 to 2018) for MM2H

#

Country

Year

Total
(2012 – 2018)

Share (%)

2012

2013

2014

2015

2016

2017

2018

1

Asia

2,728

3,147

2,639

1,790

2,834

5,448

4,029

22,615

86.1

2

Europe

270

308

240

229

255

371

260

1,933

7.36

3

Americas

83

101

92

69

119

174

133

771

2.94

4

Pacific (Oceania)

100

95

68

97

90

141

84

675

2.57

5

Africa

46

24

35

24

49

61

28

267

1.02

6

Others

0

0

0

2

0

0

0

2

0.01

Total

3,227

3,675

3,074

2,211

3,347

6,195

4,534

26,263

100

Source: Malaysia My Second Home Agents Association (MM2HAA)

From the above statistics on the participating countries by region from the years 2012 to 2018 for MM2H, Asia is ranked in 1st place, followed by Europe in the 2ndplace and the Americas in the 3rd place.

Top 10 Participating Countries (from 2012 TO 2018) for MM2H

#

Country

Year

Total
(2012 – 2018)

Share (%)

2012

2013

2014

2015

2016

2017

2018

1

China

731

1,337

1,307

719

1,512

2,923

2,233

10,762

40.98

2

Japan

816

739

428

300

281

352

312

3,228

12.29

3

Bangladesh

388

285

250

205

283

451

220

2,082

7.93

4

United Kingdom

139

148

117

83

110

200

130

927

3.53

5

Korea

85

98

137

120

184

693

589

1,906

7.26

6

Singapore

83

145

94

67

93

117

80

679

2.59

7

Iran

201

51

17

19

8

43

91

430

1.64

8

Taiwan

85

151

83

71

77

134

30

631

2.40

9

Hong Kong

35

62

44

42

78

339

193

793

3.02

10

India

56

41

42

46

68

100

84

437

1.66

11

Others

608

618

555

539

653

843

572

4,388

16.71

Total

3,227

3,675

3,074

2,211

3,347

6,195

4,534

26,263

100

Source: Malaysia My Second Home Agents Association (MM2HAA)

From the above statistics on the top ten participating countries between the years 2012 to 2018 for MM2H, China is ranked in 1st place, followed by Japan in 2nd place and Bangladesh in 3rd place.

There are manifold benefits that come along with MM2H and they are listed below.

Education

Photo by Element5 Digital on Unsplash.

Photo by Element5 Digital on Unsplash.

MM2H visa holders are allowed to bring their children who are under 21 years old and not married as their dependents under the MM2H programme. Children (above the age of 17 years old) who intend to continue their schooling in Malaysia may apply for a student pass or obtain special approval under this programme.

Student passes can be obtained with the assistance of the respective school where they will be studying.

The Ministry of Higher Education Malaysia has a comprehensive list of all private institutions of learning in the country.

Income tax

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Though the participants are bound by Malaysian policies, systems, and regulations of taxes, MM2H visa holders are able to enjoy added tax exemption benefits in Malaysia under the Double Taxation Avoidance Agreement (DTA). Income tax is charged on a territory basis instead of on a worldwide scope basis.

Registration of Business

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MM2H visa holders are allowed to register a business incorporated in Malaysia. Guidelines for incorporating a company can be obtained from the Companies Commission of Malaysia.

Domestic Helper

Photo by Ed Leszczynskl on Unsplash.

Photo by Ed Leszczynskl on Unsplash.

MM2H visa holders are allowed to apply for one (1) domestic helper from their home country (i.e. from countries which are permitted by the Immigration Department of Malaysia). Should they require a second domestic helper, the application will be approved on a case by case basis depending on the merit of the applicants.

Pets

Photo by Amir Ghoorchiani from Pexels.

Photo by Amir Ghoorchiani from Pexels.

MM2H visa holders can check with the Veterinary Import regulations to find out whether their pets can be brought into Malaysia.

Acquisition of Property

Photo by Sue Zeng on Unsplash.

Photo by Sue Zeng on Unsplash.

For Selangor Darul Ehsan, from the Guidelines of the Department of Land and Mines (effective 1st September 2014)

There are various laws and regulations governing the acquisition of properties by foreigners in the above guidelines. Among which are specifically for MM2H visa holders (as follows):-

    • they are able to purchase only one (1) property from the primary market only (i.e. from developers) within a particular area designated by the State Authorities.
    • The purpose of the acquisition should be for residential use.
    • The MM2H visa holders shall obtain an approval from the Immigration Department and to submit along with the application and the Visa/passport with the stamp ‘Malaysia My Second Home’.
    • The approval for the purchase of the property cannot be transferred to another person/party. The thresholds of the various prices set by the State government must be adhered to.

For Kuala Lumpur, from the Guidelines of the Department of Land and Mines (effective 1st March 2014)

There are various laws and regulations governing the acquisition of properties by foreigners in the above guidelines. One of them is for MM2H visa holders, which allows for any acquisition of a residential unit under the ‘Malaysia My Second Home’ Programme to be exempted from requiring the approval of the Economic Planning Unit (EPU) but it would still require approval to be obtained from the relevant State Authorities.

Above article extracted from www.starproperty.my