Benefits of Malaysia My Second
Home Programme
02/08/2007 The Star By Pang Hong Yee
Successful applicants under the Malaysia My Second Home programme stand to
enjoy special benefits, which include:
* Individuals will receive a 10-year Social Visit Pass and Multiple-Entry
Visa.
* The Social Visit Pass is renewable upon expiry after 10 years, if no laws
are broken.
* In the tenure of these 10 years, individuals are free to stay in Malaysia
and travel as often as they wish.
* Individuals may import their existing car or purchase a new car (CKD)
tax-free, translated in savings of up to 33%.
* Children of successful individuals are given student pass to further their
studies at international colleges and universities in Malaysia.
* Maids can be brought over to Malaysia upon approval.
* Individuals may invest and set up their own businesses in Malaysia.
* Individuals may obtain credit facility of up to 80% for housing loans,
compared to 60% for foreign applicants. Individuals are exempted from
obtaining special approval via the Foreign Investment Committee (FIC) for
property purchase in Malaysia.
* Overseas income of individuals from countries with a “double taxation
agreement” with Malaysia will not be taxed, if they stay beyond 182 days in
Malaysia.
