OVER THE PREVIOUS TWO ISSUES OF PALACE we’ve looked at investment visa hotspots around the world.
From Florida to Greece, investors are scooping up visas, while making considerable investments into economies and reshaping communities. Our final part of the series looks closer to home. Malaysia and its Malaysia My Second Home (MM2H) programme put the country on the map for foreign investors looking to relocate to South East Asia. We show you how to apply and where the best place to invest in property is.
WHO CAN APPLY?
Anyone who is a citizen of a country recognised by Malaysia can apply. The MM2H does not require investors to purchase property, although many who attain the visa will eventually end up buying a home.
SO HOW EXACTLY DOES IT WORK AND WHAT DO I GET?
If you’re 49 years-old and below, you’re required to show proof of liquid assets worth MYR 500,000 (approx. USD 114,000) and an offshore income of MYR 10,000 (approx. USD 2,300) per month. You can show this by providing bank account statements covering the last three months.
Upon final approval, you must deposit MYR 300,000 (approx. USD 67,000) into a fixed deposit account. You need to maintain half of this sum from the second year on and for the rest of your stay in Malaysia if you’re still under the MM2H programme.The other half can be used for approved expenses.
Denne historien er fra Issue 18-utgaven av PALACE Magazine.
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Denne historien er fra Issue 18-utgaven av PALACE Magazine.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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