MM2H visa permit- Benefits & Incentives
Once your application is successful, there are various benefits & incentives provided as below:
MM2H Visa Permit
- 5 year(Silver), 15 years(Gold), 20 years(Platinum) Social Visit Pass with Multiple Entry will be. Need to renew every 5 year.
- Compulsory 90 days stay per year between spouses
- Renewable after 5 years
- Main applicant Age 25+ only
House Purchase
Each participant compulsory to purchase property valued above RM500,000 / RM1,000,000 depending on the state. There may be changes with individual states.
Domestic Helper
Each applicant can apply for one maid subject to the prevailing guidelines of the Immigration Department.
Tax
Tax Exemption is given to remittance of offshore pension funds into Malaysia & any other foreign funds transferred into Malaysia.
Education
MM2H participants are allowed to bring their children who are below 34 years old and not married as their dependants.
Business & Investment
You can own your own business, terms apply. Generally any MM2H visa holders can own their own business as Directors without the requirement of any Local Malaysians, terms may apply.
Others
- 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 and parents in laws can also join you as dependents under a renewable long-term visa.
- No currency exchange control.
- No restriction of funds in and out of malaysia.
- Immediate local tax resident status based on MM2H visa.
List of minimum price for purchase a property for each state:
Property Purchase For MM2H Participants As At 7th May 2014
| State | Property Type / Zone | Price (RM) |
|---|---|---|
| Penang | Island - Landed | 3,000,000 |
| Island - Condominium | 1,000,000 | |
| Mainland - Strata title | 500,000 | |
| Johor | Landed title (designated international zones) | 2,000,000 |
| High-rise/strata title (non-international zones, except Medini) | 1,000,000 | |
| Selangor | Zone 1 (Petaling, Gombak, Hulu Langat, Sepang, Klang) | 2,000,000 |
| Zone 2 (Kuala Selangor, Kuala Langat) | 2,000,000 | |
| Zone 3 (Hulu Selangor, Sabak Bernam) | 2,000,000 | |
| Melaka | Landed title | 1,000,000 |
| High-rise strata title | 500,000 | |
| Kedah | Langkawi only | 1,000,000 |
| General property | 600,000 | |
| Negeri Sembilan | Landed and landed strata title | 1,000,000 |
| High-rise/strata title | 600,000 | |
| Sabah | Landed title | 1,000,000 |
| High-rise/strata title | 600,000 | |
| Perak | All property types | 1,000,000 |
| Kelantan | All property types | 1,000,000 |
| Pahang | All property types | 1,000,000 |
| Terengganu | All property types | 1,000,000 |
| Labuan | All property types | 1,000,000 |
| WP Kuala Lumpur | All property types | 1,000,000 |
| WP Putrajaya | All property types | 1,000,000 |
| Perlis | All property types | 500,000 |
| Sarawak | All property types | 500,000 |
NOTES:
- In the state of Selangor, foreign buyers are prohibited from a) Purchasing landed residential properties unless said property is issued with a landed strata title (e.g. gated community); b) Buying auction properties and c) Purchasing agricultural land.
- Overhang units are defined as residential units that have received certificates of completion and compliance but remain unsold for more than nine months after being launched.