Why invest in Malaysia?
Malaysia is a great place for foreigners to set up their second home or find an investment property because of the following reasons:
- Direct ownership
- Allowed to own freehold property
- Established Commonwealth legal system
- Constitutional property ownership rights
- Established banking system to fund foreign acquisition
- Workable purchase procedures
- Statutory protection for homebuyer
- No inheritance tax as property will be distributed according to the owner’s will
- Enjoy luxury homes at a fraction of the cost
- Stable climate all year round resulting in minimum housing costs and maintenance
- Free from natural disaster zones
- Well-developed infrastructure
What kind of properties can foreigners own in Malaysia?
Foreign ownership of property is liberal (foreigners can even own 100% of the property) in Malaysia as long as minimum requirements are met. In law, foreigners can own any type of properties EXCEPT;
- Properties valued less than RM1 million
- Low and medium cost residential units as defined by state authority
- Properties standing on Malay Reserved land
- Properties distributed to Bumiputera interest in any property development project as determined by state authority
Malaysia My Second Home (MM2H)
About MM2H Programme
Malaysia My Second Home (MM2H) programme is a programme tailored to foreigners who wish to stay in Malaysia for a long time (10-year visa).
Before putting in an application, foreigners below 50 years of age are required to prepare a minimum of RM500,000 in their Savings Account / Current Account / Fixed Deposit whereas those aged above 50 years of age need to have at least RM350,000 in similar accounts.
It is open to citizens of all countries recognized by Malaysia regardless of race, religion, gender or age. Applicants are allowed to bring their dependents, which refer to spouse and children aged below 21 years old (maximum 6 months before reaching 21 years old, i.e. 20 years 6 months old) and not married, parent(s) aged 60 years and above.
How To Apply
- Step 1: Pre-submission
- Step 2: Submit your Application
- Step 3: Conditional Approved Letter Issued
- Step 4: Arrival In Malaysia
- Step 5: Submit Remaining Documents
- Step 6: Collect Your Visa
Below shows the lowest value of properties foreigners can buy with and without MM2H according to states in Malaysia ;
*Zones in Selangor
Zone 1 – Districts of Petaling, Gombak, Hulu Langat, Sepang and Klang
Zone 2 – Districts of Kuala Selangor & Kuala Langat,
Zone 3 – Districts of Hulu Selangor and Sabak Bernam
Source of Information:
Disclaimer: Above depicts the general process of a home purchase, different developer or projects may have a different process. All data and information are correct at time of upload.