MM2HHandbook

马 来 西 亚 第 二 家 园Summerfield(mm2H) Sdn BHd

( 9 0 3 4 0 9 - m )

( mm2H 0448 )

MM2H application Statistics until June 2016StatiSticS SuMMary

yearno. of

ParticiPantSaPProved

total no. ofParticiPantS

aPProved

year-on-yearcHange (%)

02

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016 (June)

total

818

1,645

1,917

2,615

1,729

1,503

1,512

1,578

1,499

2,387

3,227

3,675

3,074

2,211

804

30,194

818

2,463

4,380

6,995

8,724

10,227

11,739

13,317

14,816

17,203

20,430

24,105

27,179

29,390

30,194

30,194

-

101.1

16.5

36.4

-33.9

-13.1

0.6

4.4

-5.0

59.2

35.2

13.9

-16.4

-28.1

-63.6

-

top 10 countries from January 2015 - June 2016

by region January 2015- June 2016

StatiSticS SuMMary

StatiSticS SuMMary

china including Hong kong & Macau

Japan

People’s republic of bangladesh

united kingdom of great britain & northern ireland

republic of Singapore

taiwan

islamic republic of iran

republic of korea

islamic republic of Pakistan

india

others

total

719

300

205

83

67

71

19

120

31

46

560

2,211

284

81

83

28

24

19

1

41

9

26

208

804

20162015country

asia

europe

americas

The Pacific ( Oceania )

africa

others

total

1,790

229

69

97

24

2

2,211

668

62

34

26

14

0

804

20162015region

03

Malaysia My Second Home (MM2H) Programme is promoted by the Government of Malaysia to allow foreigners who fulfil 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 f ten (10) years and is renewable.

This programme is open to citizens of all countries recognized by Malaysia regardless of race, religion, gender or age. Applicants are allowed to bring their spouses and unmarried children below the age of 21 as dependents.

benefitScar PurchaseThe MM2H participant may purchase one new motorcar made or assembled in Malaysia, which will be exempted from paying excise duty and sale tax. An application to PURCHASE a new motorcar made or assembled in Malaysia must be forwarded to the Ministry of Finance within a period of one (1) year from the endorsement date of MM2H social visit pass. Purchase of motorcar must be for personal use only and not for commercial use. The MM2H applicant is eligible for tax/duty exemption for only ONE (1) car.

Although a booking for a motorcar maybe made prior to obtaining approval from the Ministry of Finance, the MM2H participant cannot make an outright purchase of the motorcar before obtaining approval for tax/duty exemption from the Ministry of Finance.

Participants are only allowed to sell their locally purchased car after 2 year’s stay on the programme. Should the participant wish to sell the car, they are subjected to repayment of import duty, excise duty and sales tax according to the prevailing rates.

import Personal carThe MM2H participant may import one motorcar, which belongs to him/her country of citizenship or where he/she last domiciled. He/she will be exempted from paying import duty, excise duty and sale tax on the imported motorcar.

Application to IMPORT a motorcar from the participant’s country of citizenship/last domicile must be forwarded to the Ministry of Finance within a period of six (6) months from the endorsement date of MM2H social visit pass. The MM2H participant must be the owner of the said motorcar for at least 6 months prior to obtaining the MM2H visa, as evidenced in the motorcar registration document.

Participants are only allowed to sell their imported car after 2 year’s stay on the programme. Should the participant wish to sell the car, they are subjected to repayment of import duty, excise duty and sale tax according to the prevailing rates.

04

House PurchaseAny foreigner may purchase any number of residential property in Malaysia, subject to the minimum price established for foreigners by the different states. They start from RM500,000 per unit for most states, effective 1st March 2014. Land is a state matter and it is important to check state laws before making any commitment, as the minimum purchase price is not standardized between states. Participants are advised to buy homes which are already issued with certificate of fitness. However, if purchase is from developers, to ensure that it is a reputable company.

Below please find the List of Minimum Price for Property Purchase (as at June, 2016)

Capital Gains and Profits made on the sale of property is subjected to current Real Property Gains Tax rate set by Malaysian Goverment : 1st year - 5th year is 30%. 6th year and above is 5%.

terengganu

Johor

Pahang

W.P. kuala lumpur

W.P. Putrajaya

negeri Sembilan

Perlis

Sabah

kelantan

Pulau Pinang

Sarawak

kedah

reMarkPrice (rM)State

Selangor

Perak

Melaka

05

Zon 1 & 2

Zon 3

-

-

-

-

-

-

-

-

-

with Strata title

with Strata title

2 units

-

with Strata title

with Landed title

-

RM2,000,000.00

RM1,000,000.00

RM1,000,000.00

RM500,000.00

RM500,000.00

RM1,000,000.00

RM500,000.00

RM350,000.00

RM300,000.00

RM650,000.00

RM350,000.00

educationApplicants are allowed to bring their children who are under 21 years old and not married as their dependents under he MM2H programme. Children who intend to continue their schooling in Malaysia may apply for a student pass, for those who are above 17 years old or obtain special approval under this programme. Student pass could be obtained with the help of the respective school according to the children’s enrollments. The Ministry of Higher Education Malaysia (http://www.mohe.gov.my) has a comprehensive list of all private institutions of learning in the country.

income taxThough participants are bound by the Malaysian policies, systems and regulations of taxes, MM2H visa holders are able to enjoy added tax exemption benefits in Malaysia under the Double Tax Treaty Agreement Countries. Income tax is charged on territory basis instead of on a worldwide scope basis.

apply for Part time JobMM2H participants are not allowed to work / be employed while staying in Malaysia. However, exception applies to participants above 50 years of age, they are allowed to apply for a maximum 20 hours per week employment, subject to approval of the Expatriate Committee of the Immigration Department of Malaysia.

registering of businessMM2H participants are allowed to register a business incorporated in Malaysia. Guidelines for incorporation of a Malaysian company maybe obtained with Companies Commission of Malaysia.

domestic HelperMM2H applicants are allowed to apply for one domestic help from their home country of maids from countries which are permitted by the Immigration Department of Malaysia. Should they required a second domestic helper, the application will be approved on a case by case basis depending on the merit of the applicans.

bringing in PetsParticipants could check with the Veterinary Import Regulation to confirm his/her pet can be brought into Malaysia (http://www.dvs.gv.my). Once it is confirmed, they could also obtain the process in bringing in the pet through the same department.

06

MM2H aPPlication and ProceSSApplicants are expected to be financially capable of supporting themselves while being on MM2H programme in Malaysia.

requirements - upon application

requirements - upon approval

07

requirements - upon approval

Liquid assets worth a minimum of RM500,000 - to provide latest 3-6 months bank statement with average balance of the above said amount

Liquid assets worth a minimum of RM350,000 -to provide latest 3-6 months banks statement with average balance of the above said amount

applicants below 50 years old applicants 50 years old and above

Offshore income of RM10,000 per month Offshore income of RM10,000 per month or pension receivable from government of RM10,000 per month

Letter of Good Conduct from the Home Country / Police Department / Ministry of Justice

New applicants who have purchased properties worth at least RM1,000,000.00 qualify toplace a lower fixed exposit amount upon approval

Letter of Good Conduct from the Home Country / Police Department / Ministry of Justice

requirements - upon approval

Open a fixed deposit account of RM300,000

Open a fixed deposit account of RM150,000 or Show proof of receiving RM10,000 monthly pension from government

applicants below 50 years old applicants 50 years old and above

After a period of one year, withdrawal of up to RM150,000 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes

After a period of one year withdrawal of up to RM50,000 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes

Maintain a minimum balance of RM150,000 from second year onwards and throughout stay in Malaysia under MM2H programme

Maintain a minimum balance of RM100,000 from second year onwards and throughout stay in Malaysia under MM2H programme

08

requirements - upon approval

Approved participants who have purchased and own property which were bought at RM1,000,000 in Malaysia may comply with the basic fixed deposit requirement of RM150,000 on condition that the property has been fully paid and ownership documents have already been issued.

Approved participants who have purchased and own property which were bought at RM1,000,000 in Malaysia may comply with the basic fixed deposit requirement of RM100,000 on condition that the property has been fully paid and ownership documents have already been issued.

applicants below 50 years old applicants 50 years old and above

This amount may not be withdrawn until the participant decides to terminate his/hers participation in MM2H programme

This amount may not be withdrawn until the participant decides to terminate his/hers participation in MM2H programme

Participants must open fixed deposit account at approved panel banks listed on the website http://www.mm2h.gov.my

All participants and their dependents are require to submit a medical report from any private hospital or registered clinic in Malaysia

Licensed companies are require to provide the personal bond for their clients who have been approved under the MM2H programme

Immigration Endorsement Fee- MM2H visa fee at RM90.00 per person per year- Journey Performed Visa at RM500.00 each where applicable (if calling visa were not

issued from home country)- Multiple Entry Visa between RM0.00 to RM50.00 per year depending on applicants

citizenship

Approved participants and their dependents must possess valid medical insurance coverage that is applicable in Malaysia from any insurance company

MM2H application checklist

09

10

11

12

13

MM2H Sample bank confirmation letter under lien

Suria KLCC, Kuala Lumpur

14

15

16

17

MM2H Sample calling visa

Genting Highlands, Pahang

18

19

MM2H Sample letter of good conduct (logc)

20

21

22

MM2H Sample conditional approval letter

Cameron Highlands, Pahang

23

24

MM2H Sample Sample Social visit Pass

25

26

27

28

MM2H Withdrawal & termination requirements

Malacca red House, Malaka

29

Withdrawal requirementsMM2H participants are allowed to withdraw partial of the required Fixed Deposit from the second year onwards (RM50,000 for aged 50 years and above) / (RM150,000 for aged 50 years and beow) for approved expenses related to house purchase, education for children in Malaysia and medical purposes. They have to maintain the balanced RM100,000 (for aged 50 years and above) / RM150,000 (for aged 50 years and below) of Fixed Deposit until they terminate from MM2H Programme.

The documents required for Fixed Deposit Withdrawal are:

● Letter of intention to withdraw Fixed Deposit account● Copy of MM2H visa● Copy of front page passport● Copy of Fixed Deposit certificate● Copy proof of payment for Residential property purchase (to submit of all pages of

Sales & Purchase Agreement & receipt), Car purchase (to submit car grant title & receipt), Children’s education (to submit receipt), Medical expenses (to submit receipt)

● Copy of Conditional Approval Letter Please be advised that the withdrawal is on a reimbursement basis and release of money will be made based on the amount paid.Withdrawal can be made after the first year, effective from date of MM2H social visit pass endorsement in the passport.If applicant wishes to withdraw the interest accrued on savings, please indicate in the letter of intention.

** The processing and approval process will take three (3) working days from the date of submission of the application (provided the documentation is complete).

Important Note:All copies must be certified TRUE COPIES OF ORIGINAL DOCUMENTS by EMBASSY / HIGH COMMISSION / NOTARY PUBLIC AND COMMISSIONER OF OATHS REGISTERED IN MALAYSIA / GOVERNMENT OFFICIAL.

30

termination of ParticipationBelow are the procedures and documents required for termination from the MM2H programme and withdrawal of the remainder of the Fixed Deposit:

Step 1: Submission of documents for Fixed Deposit Withdrawal (Termination)Please submit the following documents to the Malaysia My Second Home Centre:● Letter of intention to withdraw Fixed Deposit due to termination from the MM2H

programme● Copy of main applicant passport (personal details and MM2H Social Visit Pass page only)● Copy of Conditional Approval Letter● Copy of Fixed Deposit certificate● Copy of Flight Ticket

Note: Processing period is three (3) working days from submission of complete documents

Step2: Termination of Malaysia My Second Home Social Visit PassThe Applicant and dependents must be present at the Immigration Department / State Immigration Department.Please bring along the following documents:● Letter of intention to terminate from applicant● Authorization Letter to withdraw Fixed Deposit from the Ministry of Tourism and Culture,

Malaysia● Original Passport● Original & Copy of Flight Ticket● I-Card ( if applicable)

Note: Processing period is one (1) working day

Step 3: Withdrawal of Remaining Fixed Deposit from Respective BanksPlease ensure to bring along the following documents to the respective banks to withdraw the Fixed Deposit:● Original passport (with terminated MM2H Social Visit Pass)● Authorization Letter to withdraw Fixed Deposit from the Ministry of Tourism and Culture,

Malaysia● Original Fixed Deposit Certificate

Please Note that if you were to withdraw the Fixed Deposit without terminating your MM2H Social Visit Pass and leaving Malaysia as stated in your letter on intention to terminate, your MM2H Social Visit Pass will automatically be cancelled in the Immigration system and you will be considered as overstaying in Malaysia without permission and will be liable for legal action.

31

Summerfield (MM2H) Sdn Bhd ( 903409-M)

w w w . s u m m e r f i e l d . c o m . m y

No. 11-2, Tingkat 1, Jalan SP 2/3, Taman Serdang Perdana, Seksyen 2,43300 Seri Kembangan, Selangor Darul Ehsan.

Tel : +603- 8945 6737, +603-8957 7377 Fax : +603-9235 1011, +603-8941 9737