All applicants and dependents are required to submit a medical report from any private hospital or registered clinic in Malaysia.
All applicants and dependents must possess a valid medical insurance policy. However, exemptions may be given for participants who face difficulty in obtaining a medical insurance due to their age or medical condition.
Licensed companies are required to provide the personal bond for their clients who have been approved under the MM2H Program.
Participants of Malaysia My Second Home Programme are provided with various incentives to make their stay more comfortable and enjoyable in Malaysia.
MM2Hers are permitted to set up and invest in business in Malaysia. They will be subject to the same regulations as other foreign investors but will be permitted to actively participate in the running of the business.
MM2H participants must not be involved in activities that are considered sensitive to the local people and a threat to national security.
Participants are allowed to purchase residential properties priced from a minimum of RM 250,000.00 per unit depending on the location of the property.
(Participants are advised to check the respective state governments on any change to approved amounts for foreigners before making any commitment )
1 . Acquisition of Properties – pdf
2. Bringing in Personal Belongings – pdf
Each participant is allowed to bring in his/her own personal car OR may purchase a local car without need to pay import duty, excise duty and sales tax.
Application to IMPORT a car from the participant’s country of citizenship/last domicile must be forwarded to the Ministry of Finance within a period of six months from the endorsement date of Malaysia My Second Home (MM2H) social visit pass. The condition for import is that the MM2H participant should be the owner of the car prior to obtaining the MM2H visa.
Locally Assembled Car:
An Application to PURCHASE a new motorcar made or assembled in Malaysia must be must be forwarded to the Ministry of Finance within a period of one year from the endorsement date of Malaysia My Second Home (MM2H) social visit pass.
1 – Completed application forms with relevant documents which are submitted to Ministry of Finance will be processed within 10 working days.
2 – Do not make an outright purchase of the motorcar before obtaining approval for tax/duty exemption from the Ministry of Finance. However, a booking for a motorcar may be made prior to obtaining approval from the Treasury.
3 – Importation or purchase of motorcar must be for personal use only and not for commercial use.
4 – ‘Personal Car’ is referred to a car which was purchased by participant before joining the MM2H programme.
5 – Participants are only allowed to sell their imported/locally purchased car after 2 years’ stay on the programme.
Each applicant is allowed to apply for one maid subject to the prevailing guidelines of the Immigration Department of Malaysia.
Applicants are allowed to bring their children who under 21 years old and not married as their dependants under this programme.
Children who intend to continue their schooling in Malaysia are required to apply for a Student Pass and should be insured throughout their stay under this programme.
Participants 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.
However, tax exemption is given to pension remitted into Malaysia. Participants are required to 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.
BUSINESS & INVESTMENT:
Registering Your Business
You are required to register your business with the Companies Commission of Malaysia (CCM) under the Companies Act 1965. You are only eligible to register limited company in Malaysia.
The Companies Act 1965 governs all companies in Malaysia. The Act stipulates that a person must register a company with the SSM in order to engage in any business activity.
It provides for three types of companies:
- A company limited by shares where the personal liability of its members is limited to the par value of their shares and the number of shares taken or agreed to be taken by them
- A company limited by guarantee where the members guarantee to meet liability up to an amount nominated in the Memorandum and Articles of Association in the event of the company being wound up
- An unlimited company, where there is no limit to the members’ liability.
Company Limited by Share
The most common company structure in Malaysia is a company limited by shares. Such limited companies may be either private (Sendirian Berhad or Sdn. Bhd.) or public (Berhad or Bhd.) companies.
A company having a share capital may be incorporated as a private company if its Memorandum and Articles of Association:
- Restricts the right to transfer its shares
- Limits the number of its members to 50, excluding employees in the employment of the company or its subsidiary and some former employees of the company or its subsidiary.
- Prohibits any invitation to the public to subscribe for its shares and debentures
- Prohibits any invitation to the public to deposit money with the company.
A public company can be formed or, alternatively, a private company can be converted into a public company subject to Section 26 of the Companies Act 1965. Such a company can offer shares to the public provided:
i. It has registered a prospectus with the Securities Commission
ii. It has lodged a copy of the prospectus with the SSM on or before the date of its issue.
A public company can apply to have its shares quoted on the Kuala Lumpur Stock Exchange (KLSE) subject to compliance with the requirements laid down by the exchange. Any subsequent issue of securities (e.g. issue by way of rights or bonus, or issue arising from an acquisition, etc.) requires the approval of the Securities Commission.
Minimum capital investment in terms of a company’s shareholders funds, which include paid up capital and reserves is at least RM 250,000 , subject to existing Government policies, regulations and guidelines which are in force for the relevant sectors.
Registration of Local Company:-
Anyone who wishes to register a local company is to submit the required registration documents and fees payable to the Commission.
A company shall have:
1) At least two directors (the director and promoter can be the same person); and
2) A company secretary who is a member of a professional body prescribed by the Minister or is licensed by the Commission.
Both the director and company secretary must have their principal or only place of residence within Malaysia.
Before proposing a name for incorporation of a company, a name search has to be done to determine whether the name can be used to register the company. The steps are:
Memorandum and Articles of Association:
i) Original copy stamped at any stamp office with a RM 100.00 stamp in the Memorandum and another RM100 stamp in the Articles.
ii) The first directors and secretaries are named in the Memorandum and Articles of Association.
iii) At least two or more promoters shall sign the Memorandum and Articles of Association in front of a witness..
A Company having a share capital may be registered as a private
company if the Memorandum and Articles:
i) restricts the right to transfer its shares;
ii) limits the number of its members to not more than fifty;
iii) prohibits any invitation to the public to subscribe any shares or debentures of the company; and
iv) prohibits any invitation to the public to deposit money with the company or fixed periods.
b) Form 48A – Statutory Declaration by a director or promoter before appointment. The director or promoter declares under oath that he/she is not a bankrupt and he/she has not been convicted of an offence and sentenced by the Court. This declaration should be signed in front of anyone of the following persons of authority
Form 6 – Declaration of Compliance. This declaration states that all the requirements of the Companies Act 1965 have been complied with. The company secretary who handles the registration and is named in the Memorandum and Articles of Association must sign it.
d) Original copy of Form 13A.
e) A copy of the letter approving the name.
f) A copy of the identity card of each director and company secretary.
) Registration fees for Share Capital:
|Authorised Share Capital (RM)||Fees (RM)|
|Up to 100,000||1,000|
|100,001 – 500,000||3,000|
|500,001 – 1 million||5,000|
|1,000,001 – 5 million||8,000|
|5,000,001 – 10 million||10,000|
|10,000,001 – 25 million||20,000|
|25,000,001 – 50 million||40,000|
|50,000,001 – 100 million||50,000|
|100,000,001 and above||70,000|
The following certificate will be issued when all documents for registration are in order:
Form 8 – Certificate of Incorporation for a public company.
Form 9 – Certificate of Incorporation for a private company.
A company is required to have two directors and a secretary.
Every limited company must have at least two directors who must be ordinary residents of Malaysia. A director of a company may also act as the company’s secretary except in some situations.
Every limited company must have at least a secretary. The board of directors may appoint one of its directors as the company secretary. He or she must be a member of a professional body prescribed by the Minister or licensed by the CCM. Application for a company license should be made to the CCM using Form 48B/ 48C. Every license granted or renewed is valid for three years.
Participants may hold executive positions with ownership to the company.
Guidelines on registering company in Malaysia, kindly contact Companies Commission Of Malaysia at:
Level 2 & 10-19, Putra Place,
100 Jalan Putra,
50622 Kuala Lumpur.
Tel : 03-4047 6000 / Fax : 03-4047 6317
Hotline : 03-4047 6111 / 6222
Website : www.ssm.gov.my
Other investment opportunities, kindly contact Malaysia Industrial Development Authority at:
Malaysian Industrial Development Authority (MIDA)
Block 4, Plaza Sentral
Jalan Stesen Sentral 5
Kuala Lumpur Sentral
50470 Kuala Lumpur
Tel: 603-2267 3633
Fax: 603-2274 7970
Website : www.mida.gov.my
WORK PART TIME
GUIDELINES FOR PART TIME WORK -MALAYSIA MY SECOND HOME PROGRAMME
A. APPLICATION PROCESS
1. Letter of Application by company/institute – detailing company/institute activities
and Justification to the need to employ the MM2H participant;
2. Completed DP 10 Form ( available in Immigration Department);
3. Latest Print Out from Companies Commission of Malaysia (Form 9, Form 24 & Form 49);
4. Business license from the local authority;
5. Letter of Offer detailing the following information;
• Title of the post
• Duration of the Employment Contract
• Duration of working hour
7. A copy of resume by the applicant, which include the following information;
* Academic qualification
* working experiences
*skills or expertise acquired
8. Certified copy of the applicant’s academic qualifications;
9. Certified copy of the applicant passport (pages with personal particulars);
10. Certified copy of applicant Malaysia My Second Home Social Visit Pass;
11. Supporting /recommendation letter from related agency ( if applicable) :
• Education – Ministry of Higher Education/Ministry of Education
• Medical – Ministry of Health
• Tourism – Ministry of Tourism
• Aviation – Department of Aviation Malaysia
• Manufacturing – Malaysia Industrial Development Authority
• Information & Communication Technology
• Banking, Financial & Insurance – Central Bank Malaysia
• Securities & Futures Industries – Securities Commission
Successful applicant will get the endorsement of “Permission To Work” in his/her passport from Immigration Unit, Malaysia My Second Home Centre, Level 6, Menara Dato’ Onn, Putra World Trade Centre, Kuala Lumpur.
C. SUBMISSION OF APPLICATION
Completed application should be submitted to the following address :
Malaysia My Second Home Centre
Level 23, Menara Dato’ Onn,
Putra World Trade Centre
No. 45, Jalan Tun Ismail,
50695 Kuala Lumpur
Tel : 603 2696 3367/3354/3361/3366
Fax : 603 2698 8533
Website : www.mm2h.gov.my
Approval for employment will be given by the following Committee :
Employment Pass Division
Immigration Department of Malaysia ( Headquarters)
No. 15, Level 3, (Podium,)
Persiaran Perdana , Precinct 2,
Website : www.imi.gov.my
D. PROCESSING TIME
21 working days from the date of submission.
• Application is only applicable for participant aged 50 years old and above.
• Companies/institutes should submit their application by hand or by post.
• All copies must be certified TRUE COPIES OF ORIGINAL DOCUMENTS by EMBASSY /HIGH COMMISSION / SOLICITOR/ JUSTICE OF PEACE / NOTARY PUBLIC / COMMISIONER FOR OATHS / GOVERNMENT OFFICIAL.
• Where original documents are not in English, translation must be done by a qualified translator.
• Approval is subjected to the ability of the company concerned to show proof that the required skills or expertise are not available locally.