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MM2H PROGRAMME

Malaysia My Second Home, Education, Investment, Medical & Insurances, Incentives & Metting Tours, Coach & Van Rental, Hotel Reservation

Frequent Questions & Answers

                      

                     

Property/Houses

Q   Is there a limit for property purchase?
A   Purchase up to two pre-approved purchase of property, and the value of each property shall not be less than RM1,000,000.
Q   Can buy a house for residential use and a shop for rental purposes?
A   Yes. However, the rental collected is tax liable, participant needs to pay income tax according to the Malaysia Income Tax Rate.
Q   Do i need to pay annual tax and land tax for my house like local residents in Malaysia?
A   Yes.
Q   In case of accidental death, can the participants’ properties in Malaysia be transferred to other beneficiaries? Is there any restriction from the Government on this matter?
A   Participants must make will beforehand to ensure that their properties can be transferred to their beneficiaries in the event of accidental death. Else, the family members need to apply to MM2H Centre to get approval and only then the properties can be transferred.
Q   Must the foreigners buy newly constructed property in Malaysia from the developer? Or they can buy any properties? E.g. buying from individual owners (second-hand or third-hand).
A   Participants can purchase any form of properties, as long as the properties contain the Certificate of Fitness.
Q   Do I need to get approval from Foreign Investment Committee (FIC) before selling or buying my house?
A   Under MM2H programme, participants do not need to get approval from Foreign Investment Committee (FIC) before selling or buying their houses. However, they must write a letter to MM2H Centre stating the details of the house (location and price) in order to obtain a letter proving that they are legally purchasing the properties. Furthermore, they must submit the photocopy of State Consent to the FIC.