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INCENTIVES
Participants of the Malaysia My Second Home Programme (MM2H ) are provided with various incentives to make their stay even more comfortable and enjoyable in Malaysia.
The incentives provided are as follows :-
House Purchase
- Each participants is allowed to purchase two ( 2 ) units of residential houses at minimum prices of above RM 150,000 each, depending on the location of the property. Generally the minimum price for the purchase of houses in Malaysia is set at :
- Above RM 350,000 each for certain areas in the state of Sarawak.
- Above RM 250,000 each for the states of Penang, Malacca and Johor.
- Above RM 150,000 for other states.
Car Purchase
- Each participant is allowed to bring in his/her own personal car OR purchase a locally assembled car without the need to pay import duty, excise duty and sales tax.
- "Personal car" is referred to as a car which was purchased and owned by the participant before joining the MM2H programme.
- Participant must apply for prior approval within the time period given, to the Ministry of Finance and Ministry of International Trade and Industry before bringing in a personal car from their country of residence or buying a locally assembled car in Malaysia.
Domestic Helper
- Each applicant is allowed to apply for one ( 1 ) maid subject to the prevailing guidelines of the Immigration Department of Malaysia.
Education
- Applicants are allowed to bring their children who are under 18 years old and not married as their dependants under this programme. Children who intend to continue their schooling in Malaysia are required to apply for a Student Pass and should be insured throughout their stay under this programme.
Tax
- Participant are bound by the policies, systems and regulations of taxes of this country and they do not have exemption qualification as granted to Diplomatic Missions in Malaysia.
- However, tax exemption is given to pension remitted into Malaysia. Participants are required to obtain the relevant endorsement from the authorities in their county of origin as to the total amount of yearly pension received. A copy of this letter has to be submitted in their application for tax exemption.
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