MM2H visa permit Benefits & Incentives
Once your application is successful, there are various benefits and incentives that can be enjoyed, provided as below:
MM2H Visa Permit
-10 year Social Visit Pass with Multiple Entry will be granted
-Free to enter and leave Malaysia at any given time and is also free to live in Malaysia, with no location and time restraints
-Renewable after 10 years
- Foreigners may purchase residential properties in Malaysia, which are subjected to the minimum price established for foreigners by the different states respectively.
- They start from RM 1,000,000 per unit for most states, from 1st March 2014.
- Land is a state matter and it is important to check state laws before any commitments, as the minimum purchase price is not standardized between states. For example, the minimum price threshold is RM 350,000 in Sarawak, whereas in Selangor, it is RM 2,000,000.
-Applicants can apply for one maid, but it is subjected to the prevailing guidelines of the Immigration Department.
- MM2H Visa holders are allowed to attach dependents (Renewable 6 Months Visa) under their application, which is subjected to the following requirements:
i) Parents who are above 60 years of age
ii) Children who are below 21 years old and not married
* Special needs children who are above 21 years old are also allowed given that the appropriate supporting documents are provided.
- MM2H Visa holders can enroll their children in an international school in Malaysia.
- Tax Exemption is given to remittance of offshore pension fund into Malaysia and any other foreign funds transferred into Malaysia.
Business & Investment
- Individuals holding a MM2H Visa can own and actively run their own business, but it is subjected to terms and conditions.
- Generally, any MM2H Visa holders can own business as Directors without the requirement of any Local Malaysians, but it is also subjected to terms and conditions.
- Tax exempted when importing personal/household items
- Applicants can invest in local companies, share markets and unit trusts
- Any interest gained from bank deposits is tax exempted