Malaysia My Second Home Programme is promoted by the Government of Malaysia to allow foreigners who fulfil certain 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.
It 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 18 as dependants.
Approved participants and their dependants must posses valid medical insurance coverage that is applicable in Malaysia from any insurance company. However, exemptions may be given for participants who face difficulty obtaining a medical insurance due to their age or medical condition.
Licensed companies are required to provide the personal bond for their their clients who have been approved under the MM2H Programme. Participants of Malaysia My Second Home Programme are provided with various incentives to make their stay more comfortable in Malaysia. Some are listed below.
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.
All applicants and their dependants are required to submit a medical report from any private hospital or registered clinic in Malaysia.
Applicants applying directly are required to fulfil the security bond condition. Please refer to Personal Bond for rate per person by nationality, ranging from RM200 -RM2000.00
Please be informed that property purchase is not a pre-requisite for participating in MM2H programme. Any foreigner may purchase any number of residential properties in Malaysia, subject to the minimum rates established for foreigners by the different states. They start from RM1,000,000 per unit for most states, from March 20??. 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. We advise buying homes which are already issued with certificates of fitness but if you intend to purchase from developers, ensure that it is a reputable company. Also ensure that your lawyer does a thorough check with the local land office that you have ownership rights to any property that you are purchasing. Profit made on the sale of property is 5% (Real Property Gains 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 origen as to the total amount of yearly pension received. A copy of this letter has to be submitted in the application.
Laguna Developments Langkawi, SDN BHD
The Laguna, 2000 Jalan Kuala Muda,
Mukim Padang Matsirat, 07100 Langkawi,
Kedah Darul Aman Malaysia.