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My2ndHomeE5 2006-01-23
MALAYSIA
MY SECOND HOME
FINANCE
A fixed
deposit of USD75,000 or equivalent amount in Ringgit Malaysia
[A new condition to be fully implemented from March 1st, 2006
NOTE:
From now until February 28th, applicants can choose the new
financial condition or the old condition.
[Please refer to Immigration Department at www.imi.gov.my to apply for Malaysia My Second Home
Programme].
INSURANCE COVERAGE
Applicants must possess a valid medical insurance policy from any insurance company that is applicable in Malaysia. The list of licensed insurers, their addresses and contact numbers are available at Central Bank of Malaysia. ( www.bnm.gov.my )
EDUCATION
Applicants are allowed to bring along their dependants (children) either not schooling or are schooling in primary, secondary or in any Institution of Higher Learning. However, dependants who are schooling are required to apply for a Student Pass to continue their education in schools or Institutions of Higher Learning recognized by the Malaysian Government. Please refer to Ministry of Higher Education Malaysia ( www.mohe.gov.my ) for a complete list of all private institutions of learning.
TAXES
Successful applicants are bound by the policies, systems and regulations of taxes of this country, and they do not have exemption qualifications as granted to Diplomatic Missions in Malaysia. Please refer to Inland Revenue Board Malaysia ( www.hasil.org.my ) for the tax system.
Tax exemption is given to pension remitted into Malaysia. Applicants must obtain the endorsement from the Authorities in their country 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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APPLICATION
Applications can be submitted while the applicant is in the country provided that the applicant is in possession of a valid Pass.
Successful applicants are exempted from the requirement of leaving the country to obtain a Visa from Malaysian Representative Office abroad. Visa will be issued in Malaysia together with a Social Visit Pass.
Upon receiving conditional approval from the Malaysian Government the applicant MUST produce proof of the following documents before endorsement of the Social Visit Pass can be granted:
The Fixed deposit as pre-required
Medical insurance policy in Malaysia
RESTRICTIONS
Successful applicants are STRICTLY forbidden from the following:
Participating in activities that can be considered as sensitive to the local people e.g. political activities, missionary activities and provocative or instigative activities that can be considered as sensitive and a threat to the security of the country.
Being employed anywhere in Malaysia unless approved by the government.
INCENTIVES
House Purchase
Each participant under this programme is allowed to purchase two units of residential houses valued at more than RM150, 000.00 each.
Please note that the ceiling is higher for houses in the States of Melaka, Johor, Pulau Pinang, Kedah and Sarawak as it has been set at RM250, 000.00 and above each.
Car Purchase
A participant can choose to either import one car which belongs to him personally from his country of residence subject to approved permit (AP), which is exempted from payment of import duty, excise duty and sales tax OR purchase one locally made car in Malaysia which is exempted from payment of excise duty and sales tax.
Domestic Helper
Each participant is allowed to bring in one domestic helper.
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REQUIREMENTS
Applicants may submit their applications by providing the following documents:
Letter of
Application
Two (2) copies of Form IM.12 (Form of Social Visit Pass) -
Obtainable at all Malaysia Immigration Departments
Two (2) passport sized photographs of applicant and spouse
A copy of applicant's (and spouse) Passport / travel document
(all pages)
An endorsed / certified copy of a Marriage Certificate (if
accompanied by a spouse)
A copy a certified fixed deposit and medical insurance
FIXED DEPOSIT (FD)
Opening of Fixed Deposit Account in Malaysia with participating Banks is MANDATORY. Malaysia My Second Home Participants are required to open FD account. Letter of approval from Ministry of Tourism Malaysia is to be produced. Participant is required to open FD account and it may be either in US$ or Ringgit in Conventional or Islamic Fixed Deposit.
The following documents are required for the opening of FD Account:
Identity Card /
Passport (for Individual)
Application Form for Opening of Fixed Deposit Account
Specimen Signatures
Letter from Immigration Department
Customer's
Declaration to confirm the following:
To authorize the Bank to confirm the existence of the FD when
required by the relevant Government authorities.
Any Other Relevant Registration Documents that may be deemed
necessary.
Maximum period on FD is one (1) year (based on a new financial condition) OR five (5) years (based on the old financial condition for existing participants); renewable subject to the extension of the Social Pass Visit issued by the Immigration Department upon expiry. Interest earned on the FD can be withdrawn by participant excluding principal amount before the one-year period.
Emergency withdrawal of FD is allowed subject to prior approval by Immigration Department without affecting stay in Malaysia under Malaysia My Second Home Programme. FD can be withdrawn anytime should the participant wishes to terminate his stay in Malaysia with notification to Ministry of Tourism. Ministry of Tourism will issue a letter confirming participant intent to terminate stay under this programme. The whole FD can be withdrawn after a one year period.
* Any interest earned on premature FD withdrawal is subject to the participating bank’s discretion.
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FEE
A payment of RM90.00 per year is charged for the issuance of a Social Visit Pass under the “Malaysia My Second Home Programme”.
Visa fee is chargeable according to the existing rate applicable to each country. Please refer to Immigration Department of Malaysia ( www.imi.gov.my ) for a listing of the visa fee chargeable according to country of origin.
EXTENSION
EXTENSION, CHANGE OF PASSPORT
The applicant must appear in person at the Immigration Department of Malaysia. He/She should bring the following documents and payment:
Old and New
Passport
Photocopy of the New Passport
IM.12 Form
Payment of RM 90 per year for the Visa, payable to the
Immigration Department of Malaysia
* The above process applies for those that did not receive the full duration of the 10 years Visa because of short validity period of their passport at the time of approval and would like to receive the remaining period upon the issuance of a new passport.
EXTENSION , AFTER 10 YEARS PERIOD
The applicant must be present in person at the Immigration Department of Malaysia. He/She should bring the following documents and payment:
Letter of
intent to continue the Programme
Passport
Photocopy of Passport
IM.55 Form
Payment of RM 90 per year for the Visa, payable to the
Immigration Department of Malaysia.
* The duration of the above extension process is about 2 weeks.
TERMINATION
The applicant should forward the following documents to the Malaysia My Second Home Centre:
Letter of
intent to terminate stay in Malaysia under this Programme
Passport
Photocopy of Passport
APPROVAL
Under normal circumstances, all applications that fulfill the criteria should be processed and approved within 30 working days after submission of the application.
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PLACES OF APPLICATION & ENQUIRIES
Applicants may make their application or forward their enquiries at any of the following places:
Malaysia
My Second Home Centre Ministry
of Tourism Malaysia c/o
Tourism Division,
Level 34, Menara Dato' Onn, Putra
World Trade Center, 45
Jalan Tun Ismail, 50695
Kuala Lumpur, Malaysia.
Phone : +603-2693 7111
Facsimile : +603-2693 2399
E-mail : mm2h@motour.gov.my
Website : http://mm2h.motour.gov.my
Contact Person
Dr. Junaida Lee Abdullah
Phone : +603-2696 3140 (direct)
E-mail : junaidalee@motour.gov.my
Mrs.
Norsyahidah Kassim
Phone : +603-2696 3972 (direct)
E-mail : syahidah@motour.gov.my
All Tourism Malaysia Offices Worldwide
Please refer to website : www.tourismmalaysia.gov.my for addresses and contact numbers
All State Tourism Action Councils Nationwide
Please refer to website : http://mtpn.motour.gov.my for addresses and contact numbers
All Malaysian Representatives Offices Overseas
Please refer to website : www.kln.gov.my for addresess and contact numbers