Why you are encouraged to invest in Malaysia?
Malaysia is a great place for foreigners to set up their second home or find a property to invest because of the following reasons:
Currently there is no limit on the number of residential properties that a foreigner can purchase. The entire buying process is the same as a local buyer, aside from several rules and restrictions. Here is a general guideline of the terms and conditions, but do seek a lawyer’s advise about specific issues relating to the purchase of any property in Malaysia.
Properties that foreigners CANNOT own:
* Except for My Malaysia Second Home (MM2H) visa holder that the minimum purchase price is established by the respectively state authorities. For Perak, the minimum property price is RM 350,000.
Malaysia My Second Home (MM2H)
ABOUT MM2H PROGRAMME
Malaysia My Second Home (MM2H) Programme is promoted by the Government of Malaysia to allow foreigners who fulfill certain criteria, to stay in Malaysia for as long as possible on a multiple-entry social visit pass.
The Social Visit Pass is initially for a period of ten (10) years, and is renewable.
EligibilityIt is open to citizens of all countries recognised by Malaysia regardless of race, religion, gender or age. Applicants are allowed to bring their spouses and unmarried children below the age of 21 as dependants.
Steps to Apply
Benefit of Purchasing House in Malaysia
If you are MM2H visa holder, you can purchase any number of residential property in Malaysia, subject to the minimum price established for foreigners by the difference states. The minimum purchase price is not standardlized between states.
Property Purchase For MM2H Participants As At 7th May 2014
For more information, please refer to MM2H website.
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