How Much Do You Know About the Nine Advantages of Participating in the Malaysia My Second Home Program?

How Much Do You Know About the Nine Advantages of Participating in the Malaysia My Second Home Program?

If you are thinking about retiring overseas or looking for an ideal country to live all year round, then Malaysia My Second Home (MM2H) is definitely for you!

However, when you open this article wanting to see how exactly you from overseas can benefit from MM2H without having the slightest idea about it, then it might get a bit dull. Suggest you can click here to get some basic info from our earlier post.

Of course, participating in this MM2H program, in addition to having the opportunity to enjoy a high-quality lifestyle and Malaysia’s unique self-worth, there are also some fascinating additional regulations to make your stay in Malaysia more comfortable and enjoyable. Come and find out now!

FREEDOM OF ENTRY AND EXIT

You may not know that the MM2H visa is actually a 10-year multiple-entry visa and social visit pass. Continued visa renewal after every 10 years. With no minimum stay requirement, participants can stay in Malaysia for 365 days a year or leave the country at any time.

SPECIAL VISA FOR PARENTS

As the saying goes, an old family is like a treasure. If the two elders in the family are 60 years old or above, you can bring them to Malaysia to enjoy a better lifestyle. Just apply for a special social visit visa for up to 6 months that is renewable.

OVERSEAS INCOME CAN ENJOY TAX EXEMPTION

Successful applicants will be exempted from tax on overseas income or pensions remitted to Malaysia, subject to approval by the authorities of their country of origin for the total annual pension received. A copy of this letter must also be submitted during the application process.

UNLIMITED HOUSE PURCHASE

According to the minimum rates stipulated by different states for foreigners, applicants can purchase various residential properties in Malaysia without a limit. By holding the MM2H visa, you can even enjoy higher loan amounts and get loan approval easily.

TO PROVIDE CHILDREN WITH BETTER EDUCATIONAL QUALITY

Planning to bring children under the age of 21 to live in Malaysia? No need to worry, they will be able to continue their studies in Malaysia under the MM2H student visa, and they can freely choose state or private schools.

MORE COMPLETE MEDICAL EQUIPMENT

Malaysia is well-known for its advanced medical facilities. Not only a boon for locals, but also for applicants who decide to live in Malaysia long-term under the MM2H program. Not to mention that you don't know that some of these medical needs have been covered by the medical insurance that must be purchased.

ACTIVELY INVEST IN VARIOUS COMPANIES

According to the current government policies, regulations and guidelines of relevant departments, MM2U applicants can start their own businesses in Malaysia.

HIRE TO TAKE BETTER CARE OF YOUR FAMILY

In order for the family to live comfortably in Malaysia, applicants can hire or bring a nanny in accordance with the current guidelines of the Malaysian Immigration Department. They can assist you in caring for elders at home, or make sure your children have regular meals when you are on the go.

SPECIAL WORK PERMIT GIVEN TO THE MAIN APPLICANT (50 YEARS AND ABOVE)

According to the current guidelines of the Immigration Department of Malaysia, main applicants aged 50 or above will be able to apply for special work permits while working less than 20 hours per week.

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