Incentives

Participants of Malaysia My Second Home Programme are provided with various incentives to make their stay more comfortable and enjoyable in Malaysia.

House Purchase

Any foreigner may purchase any number of residential property in Malaysia, subject to the minimum rates established for foreigners by the different states. They start from RM1,000,000 per unit for most states, effective 1st January 2015. Land is a state matter and it is important to check state laws before making any commitment, as the minimum purchase price is not standardised between states.

Please refer the list below:

List of minimum price for purchase a property

We advise buying homes which are already issued with Certificate of Completion and Compliance (CCC) but if you intend to purchase from developers, ensure that it is a reputable company.

Profits made on the sale of property is subjected to current Real Property Gains Tax rate set by the Government of Malaysia.

1st year – 5 th year : 30%
6th year and above : 10%

Business Activity / Investment / Employment Opportunity

Only allowed under the Platinum Category.

Domestic Helper

 

Only applicant under the Platinum Category are allowed to apply for one maid subject to the prevailing guidelines of the Immigration Department of Malaysia.

Education

Dependents (children) are allowed to continue studying in Malaysia until higher education level at the Institute of Higher Education (IPT) recognized by the Malaysian Government.

Tax

Tax exemption on offshore funds brought in as FD.