Participants of Malaysia My Second Home (MM2H) Program are provided with various incentives to make their stay even more comfortable and enjoyable in Malaysia. The incentives provided are as follows:

Freedom to travel

Participants will be issued with Malaysian Identification Cards, which allow them to pass immigration checkpoints into Malaysia as residents. Moreover, there is no minimum stay requirement, so participants can stay in Malaysia for as long as they wish or otherwise. Nonetheless, participants will not be eligible for Permanent Residency (PR), since they can renew their visa for as long as they wish, subject to certain criteria.

(New Update) Special Visa for Parents

Parents of participants who are over 60 years old can come to Malaysia together with the participants, under a special social visit visa with the duration of 6 months, renewable till the expiry of 10 years visa of the participant.

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, foreign-sourced income received by an individual in Malaysia are not subject to tax even if such income is remitted to Malaysia, since Year of Assessment (Y/A) 2004.
Reference: Inland Revenue Board Malaysia (IRB)

Car Purchase

Each participant will be 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. This tax-exemption can be obtained if an application is submitted to the Ministry of Finance within 6 months of acceptance into the Malaysia My Second Home Program.
Note: 'Personal Car' is a foreign registered car which was owned for more than 6 months before applying for the program.

House Purchase

Upon request, each participant will be issued with a special letter from the Ministry of Tourism Malaysia to expedite the government approvals for acquisition of the first 2 residential properties, including raw land to be constructed with a residential unit.
After a year of participating in the Malaysia My Second Home program, you are entitled to withdraw 60%~80% of your fixed deposit pledged to fulfill the financial requirement of the program, to purchase residential properties that subject to the following conditions:

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above RM 350,000 for certain areas in the state of Sarawak
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above RM 250,000 for other states in Malaysia
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You are not under MM2H visa of the state of Sarawak, Malaysia. If you are, then you cannot withdraw your fixed deposit at all. (Updated 17 March 2007)

Education

As well, your children will be able to enrol in the many world-class institutions in Malaysia. Children who under 18 years old and not married will be able to follow you as dependants under this program. After a year of participating in the Malaysia My Second Home program, you are entitled to withdraw 60%~80% of your fixed deposit pledged to fulfill the financial requirement of the program, to cover the education cost of your children. (If you are under MM2H visa of the state of sarawak, then you cannot withdraw your fixed deposit at all. Updated 17 March 2007)
If your children intend to continue their schooling in Malaysia, they will be required to apply for a Student Pass after they have secured the entry to a Private Education Institute.
Reference: Ministry of Education Malaysia (MOE), Ministry of Higher Education Malaysia (MOHE)

Healthcare

Malaysia has various world-class medical facilities. Medical services at public facilities are offered at a nominal cost, whereas services at private facilities are at a very reasonable cost. Certain medical needs of the participants are covered under the compulsory medical insurance. After a year of participating in the Malaysia My Second Home program, you are entitled to withdraw 60%~80% of your fixed deposit pledged to fulfill the financial requirement of the program, to pay for medical cost. (If you are under MM2H visa of the state of sarawak, then you cannot withdraw your fixed deposit at all. Updated 17 March 2007)

Investment

Participants are allowed to invest in local companies as an investor. They are allowed to attend Company's Board Meetings as one of the company directors but they are not allowed to have an office in the company, nor be salaried. Participants can participate in the local share market, or invest in various investment products such as unit trust, structured investment etc.

Domestic Helper

The program allows participants like yourself to employ a foreign maid to assist you at home, such that you won't have to waste precious time on household chores. Each applicant is allowed to apply for one foreign maid subject to the prevailing guidelines of the Immigration Department of Malaysia. Please note that unless your maid is from Cambodia, Indonesia, Philippine, Sri Lanka or Thailand, special approval is needed. (Updated 17 March 2007)

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