Malaysia My Second Home
Mr. Abdul Mutalib Awang
Director
Tourism, Malaysia Seoul
Malaysia My
2nd
Home
Background
• 1996-2001: Silver Hair Programmed. Over
50’s groups in developed countries.
• 2002-2006 : Malaysia My Second Home
(MM2H). Relaxed regulations – all ages,
from all regions.
• 2006, April : Establishment of MM2H Centre
.
TERMS AND CONDITIONS
FINANCIAL REQUIREMENT
i) Aged Below 50 years old
– Open a fixed deposit account of RM300,000.00
(KW79m )after one year, participant can withdraw
up to RM240,000.00 (KW63.2m) for house
purchase, medical and children’s education.
– Maintain RM60,000 (KW15.8m) from the second
year onwards
ii)
Aged 50 years and above
Can choose to:
- Open a fixed deposit account of RM150,000
(KW39.5m); OR
- Show proof of monthly off-shore income of
RM10,000(KW2.6m)
After one year, participant who chose the FD
criteria can withdraw up to RM90,000 (KW23.7m)
for house purchase, medical and children’s
education.
RM60,000.00 (KW15.8m) must be maintained from
second year.
INCENTIVES
(I) LONG STAY PROGRAMME
- Participants
will be given a ten year social visit pass with multiple entry visa and it is
renewable
(ii) HOUSE PURCHASE:
•
Allowed to purchase up to two units of residential houses at above RM150,000
(KW39.5m) each, depending on the location of the property :
- Above RM350,000 (KW92.1m) each for certain areas in the state of Sarawak;
- Above RM250,000 (KW65.8m) each for the state of Penang, Malacca and Johore;
- Above RM150,000 (KW39.5m)for other states
INCENTIVES
(iii) CAR TAX EXEMPTION
• Import tax exemption for participants to bring in
one personal car OR excise duty and sales tax
exemption for purchase of one car manufactured
locally
(iv) MAID
• Bring one maid from Indonesia, Philippines, Sri
Lanka or Thailand.
(v) Tax-exempt income from abroad
OTHER CRITERIA
• Medical Report
• Health Insurance
• Resume
• Sponsor not required
RESTRICTIONS
Not allowed to be employed
anywhere in Malaysia unless approved
by the Government
Social or volunteer work can be
considered.
APPLICATION PROCEDURE
• Letter of application (cover letter)
• 2 copies of IMM 12-Social Visit Application Form.
• 2 colored passport sized photographs of applicant
and spouse/family.
• Copies of travel document of applicant and
spouse/family. (all pages)
• A certified copy of Marriage Certificate (if
accompanied by spouse) and Birth Certificate (if
accompanied by children)
• Resume with 10 years experience
APPLICATION PROCEDURE (cont.)
• Personal Bond (if applicants appointed
licensed company)
• A certified 3 copies of latest Bank Statements
/ other related financial documents to
indicate financial capabilities (past three
months)
• At least 3 months certified copies of pay slip
/ pension slip / income statement etc
• If successful, Conditional Approval Letter
given
NEXT STEPS
• After getting The Conditional Approval Letter,
participants need to submit the following
documents to The Immigration Department:
- Fixed Deposit in any bank in Malaysia.
- Medical insurance covered by insurance companies
approved by Government of Malaysia (for applicants
above 60 years old can be waived)
- Submit medical report from any public/private
hospital or registered clinic in Malaysia
WHERE TO APPLY?
Malaysia My Second Home Centre,
Ministry of Tourism Malaysia,
Level 23, Menara Dato’ Onn,
Putra World Trade Centre,
45, Jalan Tun Ismail
50695 Kuala Lumpur
MALAYSIA
Website
: Http://mm2h.motour.gov.my/
NOTE
1 )Applicants who wish to stay in Sabah must
submit their applications directly to the
Director, State Immigration Department of
Sabah.
2) Applicants above 50 years old who wish to
stay in Sarawak must submit their
applications directly to the Director, State
Immigration Department of Sarawak.
LICENSED COMPANY
• To provide services to foreigners who wish to
apply to stay in Malaysia under this
programme
• As at 31th , October 2006, the Ministry of
Tourism has licensed 106 companies
Performance of MM2H
Year
Number
2000
2001
2002
2003
275
313
818
1,645
2004
1,917
2005
2,615
2006 (31 OCT)
TOTAL
1,584
9167
TOP 10 NATIONALITIES (since 2000 - 2006)
No.
Country of Origin
No. Participants
1.
China (PRC)
2003
2.
3.
4.
5.
Bangladesh
Britain
Taiwan
Singapore
1399
983
582
566
6.
7.
8.
Japan
Indonesia
India
474
462
425
9.
10.
Pakistan
Korea
288
203
WHY MALAYSIA
• Governmental Support
This program is initiated organized and
launched by the Malaysian Government.
WEATHER
• The weather is pleasant, warm and balmy
with moderate rain throughout the
year ,There are also highland residential
areas and resorts with permanent spring-like
weather throughout the country
Standard of Living
• Highest standards of living in the region with
all the modern infrastructures and facilities
INFRASTRUCTURE
• The whole country is very well connected with
up-to-date, modern road, rail, air, and sea
transportation systems.
RESIDENCE
• There are quality residences –terrace houses , semi
detached, bungalows, apartment all over the country.
There are also some of the finest residences available
in tourism zones – on beaches, near jungles and near
theme parks , recreational places and city centres.
POLITICAL STABILITY
• The ruling Government is the longest serving
freely elected Government in the world. It is a
Government representing all the races,
religions cultures etc. found in Malaysia.
CULTURE AND LANGUAGE
• The Malay language is the national language
of the country ; English is the second
language but other languages can be freely
used and practiced.
RECREATION AND ENTERTAINMENT
• The country has everything for the family, theme parks, jungle trails / sports, water
sports and one of the highest numbers of golf
courses – ratio or population.
SHOPPING
• Most of the items that tourist normally like to
buy perfumes,cosmetics,watches,branded
goods etc.are completely free if tax.
MEDICAL FACILITIES
• The country has a very efficient health system
where medical services are provided at nominal
cost. Private doctors , clinics and also hospital of
international standards are easily at very
reasonable cost.
HEALTHCARE
•
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National Heart Institute
Pantai Medical Centre
Sentosa Medical Centre
Tawakal Hospital
Gleneagles Intan Medical Centre
Tung Shin Hospital
Assunta Hospital
Damansara Specialist Hospital
Tun Hussein Onn National Eye Hospital
Subang Jaya Medical Centre
Sunway Medical Centre
Ampang Puteri Specialist Hospital
Twin Tower Medical Centre
HeartScan Malaysia Diagnostic Centre
EDUCATION
• The country has one of the best –development and
quality educational systems – both public and
private. There are international schools of repute in
all major towns with English as the medium
instruction. There are also private colleges and
universities and major colleges from throughout the
world.
SELECTED INTERNATIONAL
SCHOOLS
• Total registered international school in Malaysia :
•
•
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•
Example of school :Alice Smith International School (KL) ,
Garden International School (KL,Kuantan),
Fairview International School (KL,Penang) – from preschool (age 3) to A Levels (age 16-18)
• Australian International School
Reputable Universities
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Multimedia University
Taylors’ College
Help University College
LimKokWing Institute of Creative Technology
Sunway College
International Medical University
Metropolitan College
Monash University
SAL College
International College of Music
Continue :•
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Nilai College
Tuanku Ja’afar College
Damasara Utama College
Bandar Utama College
INTI International College
Sedaya College
SIT College
Stamford College
Penang International College
Regents School of Economics
RIMA College
Twinning Programmes
• Damansara Utama College – Bachelor of
Commerce (Murdoch University)
• LimKokWing Institute of Creative Technology (LICT) Diploma in Architecture Technology (Curtin University of
Technology)
• Nilai College - Diploma in Biotechnology and Diploma in
Medical Laboratory Technology (University of Aberdeen )
• Metropolitan College – Accounting , Economics And
Finance (Royal Melbourne Institute of Technology,
Australia)
• INTI College–Bachelor of Commerce (Adelaide University) )
PUBLICITY PROGRAMME
• Collaterals and website
• Seminars / workshops
• Joint promotions with local associations
and agents
• Advertising and PR
• Niche marketing
• Fam Tours
THANK YOU