FREQUENTLY ASKED QUESTIONS

Criteria For Applying

> Must I be in Malaysia while applying?

> Can the purchase of a house in Malaysia which is valued more than RM150,000 be
considered as having fulfilled the financial criteria for this program?

> If my wife is also an income earner, can I use her income jointly to meet the criteria?

> What are the type off-shore incomes that are acceptable to apply under this program?


Fixed Deposits

> When will I need to place my fixed deposit?

> Can I place the fixed deposit in a Malaysian bank located in my country?

> Can I withdraw my fixed deposit during my stay in Malaysia?

> What will happen to my RM$60,000 fixed deposit?

> Can I have a joint name for this fixed deposit account?


Employment

> I am a qualified doctor in the USA. How can I practice as a doctor in a Malaysian
hospital or a private hospital?



Education

> Are my children allowed to study in Malaysia under the MM2H programme?

> If for some reason my children do not wish to continue studying in Malaysia, what will the status be on their student pass?

> If my children are 18 years and above, can I still apply for the MM2H visa?


Purchase of Property


> Are the applicants entitled to any special entitlements/benefits?

> Do I have to pay yearly assessment and quit rent for properties I purchased locally?

> In the event of an unforeseen death, is the applicant able to hand over his/her Malaysian assets to any of his/her beneficiaries smoothly. Does the Government have any restriction on this matter?

> Must foreigners buy new Malaysian properties only, such as from developers, or can they purchase properties directly from individual owners (second hand or third hand property)?

> Do I need to obtain prior approval from the Foreign Investment Committee (FIC) for the purchase and sale of my house?

> Am I subjected to 'property gains tax'  if I made a profit from selling any of my properties?

> Can I apply for a home loan from a local bank or financial institution?


Purchase of Car

>
What kind of car purchasing incentives are available for successful applicants?

> Are there any tax exemptions second-hand cars?

> If I was involved in a car accident and as a result I had to change the car, do
I have to pay back the tax exemptions?


> When can I sell my car, which has been given all the tax exemptions?

> How long will I have to wait before I am eligible for the car incentive?

> Can I apply for a car loan from any local financial institutions?


Income Tax

>
What kind of taxes are the applicants of this MM2H programme usually
subjected to?


>
Is the interest for the fix deposit taxable? Some say it is , others say its not provided the deposit amount doesn't exceed RM100,000 OR if the deposit period is for one year. What is the exact regulation?

>
Is income remitted from abroad taxable?

> If the participants have to submit income tax return to the Income Tax department, are they entitled to any exemptions under the programme?

>
I am a German in which my country has a double taxation agreement with Malaysia for at least 184 days. My pension scheme will not be taxed by the German Government and therefore I will also not be taxed by the Malaysia Government. Is this true?


Driving License

>
I have an international driving license. Do I need to sit for a driving test locally to obtain a Malaysian driving license ?


Maids


>
What type of maid that I can bring along under this programme?

>
How do go about applying for a maid in Malaysia?


Medical Insurance


> What type of medical insurance will I need?

>
What happens if I do not qualify to purchase an insurance due to my old age?


MM2H Visa Renewals


> What are the renewal conditions?

> When should I renew?