malaysia my second home programme (mm2h) · member firm of praxity, the world’s largest alliance...

9
Malaysia My Second Home Programme (MM2H)

Upload: others

Post on 12-Mar-2020

9 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Malaysia My Second Home Programme (MM2H) · Member firm of Praxity, the world’s largest alliance of independent accounting firms. Member firm of Quantera Global, the world’s leading,

Malaysia My

Second Home

Programme (MM2H)

Page 2: Malaysia My Second Home Programme (MM2H) · Member firm of Praxity, the world’s largest alliance of independent accounting firms. Member firm of Quantera Global, the world’s leading,

KUALA LUMPUR I JOHOR BAHRU I PENANG I LABUAN I MUAR | SITIAWAN | IPOH

ShineWing TY TEOH is a leading regional chartered accountants, tax, and consulting group with office presences

in Malaysia to provide a diverse spectrum of business solutions and consulting services to public listed companies,

Fortune 500 companies, multi-national corporations, local small and medium companies representing a cross

section of major industries.

Registered Agent of Malaysia My Second Home Programme (MM2H Malaysia)

Registered Auditor of Public Company Accounting Oversight Board (PCAOB), USA

Approved Auditor of Labuan Financial Services Authority (Labuan FSA), Malaysia

Corporate Member of The Institute of Internal Auditors (IIA Malaysia & Singapore)

ShineWing TY TEOH

Page 2 of 11

Page 3: Malaysia My Second Home Programme (MM2H) · Member firm of Praxity, the world’s largest alliance of independent accounting firms. Member firm of Quantera Global, the world’s leading,

KUALA LUMPUR I JOHOR BAHRU I PENANG I LABUAN I MUAR | SITIAWAN | IPOH

WHO WE ARE

Page 3 of 11

Member firm of ShineWing

International, Top 20 international

accounting network and association.

www.shinewinginternational.com

Member firm of Praxity, the world’s

largest alliance of independent accounting firms.

www.praxity.com

Member firm of Quantera Global, the

world’s leading, independent and global

transfer pricing advisory firms.

www.quanteraglobal.com

Audit & Assurance BPO & Business Advisory Cambodia Advisory China Desk

Financial & Transaction Advisory Migration Advisory Myanmar Advisory

Offshore Advisory Profit Improvement Risk & Governance Advisory Sustainability

Advisory Tax Advisory Transfer Pricing Advisory Valuation Advisory

Joint Venture Partner of GCA, the

valuation specialist in assets,

business and financial instruments.

www.gctyteoh.com

Page 4: Malaysia My Second Home Programme (MM2H) · Member firm of Praxity, the world’s largest alliance of independent accounting firms. Member firm of Quantera Global, the world’s leading,

KUALA LUMPUR I JOHOR BAHRU I PENANG I LABUAN I MUAR | SITIAWAN | IPOH

1. Malaysia My Second Home (MM2H) Programme is aprogramme promoted by the Government of Malaysia toallow foreigners who fulfil certain criteria to obtain multiple-entry social visit pass to stay in Malaysia.

2. Multiple-entry social visit pass valid for 10 years and isrenewable.

3. This programme open to all citizens from all the countriesrecognised by Malaysia, regardless of religion, race, genderand age. Spouse of Malaysian who are not citizen ofMalaysia and expatriate in Malaysia may apply to thisprogramme upon expired of the employment visa for thepurpose of retirement in Malaysia.

4. Principal applicants are allowed to bring their spouse andunmarried children below the age of 21 and parent who areage 60 and above.

5. More than 33,000 participants around the world participatedthis programme.

WHAT IS MALAYSIA MY SECOND HOME (MM2H) PROGRAMME

Page 4 of 11

Page 5: Malaysia My Second Home Programme (MM2H) · Member firm of Praxity, the world’s largest alliance of independent accounting firms. Member firm of Quantera Global, the world’s leading,

KUALA LUMPUR I JOHOR BAHRU I PENANG I LABUAN I MUAR | SITIAWAN | IPOH

1. This programme promoted by the Government of Malaysia

2. Malay language as official language, English and others

language used widely.

3. No natural disaster and political stable.

Benefits of MM2H

1. initially for a period of ten (10) years, and is renewable

2. No minimum days of staying

3. Political stable

4. No English requirement

Why Malaysia

Page 5 of 11

Page 6: Malaysia My Second Home Programme (MM2H) · Member firm of Praxity, the world’s largest alliance of independent accounting firms. Member firm of Quantera Global, the world’s leading,

KUALA LUMPUR I JOHOR BAHRU I PENANG I LABUAN I MUAR | SITIAWAN | IPOH

MM2H REQUIREMENT (UPON APPLICATION)

Page 6 of 11

Aged above 50 Aged below 50

1. Signed agreement with MM2H authorised

agent

1. Same

2. Applicants are required to show proof of liquid

assets worth of minimum RM350,000

2. Applicants are required to show proof of liquid

assets worth of minimum RM500,000

3. Offshore income of RM10,000 per month or

annual income of RM120,000

3. Same

4. For those who have retired, they are required

to show proof of receiving pension from

government RM10,000 per month.

4. Same

Page 7: Malaysia My Second Home Programme (MM2H) · Member firm of Praxity, the world’s largest alliance of independent accounting firms. Member firm of Quantera Global, the world’s leading,

KUALA LUMPUR I JOHOR BAHRU I PENANG I LABUAN I MUAR | SITIAWAN | IPOH

MM2H REQUIREMENT (UPON APPROVAL)

Page 7 of 11

Aged above 50 Aged below 50

1. Open a fixed deposit account of RM150,000

1. Proof of receiving pension from government

RM10,000 per month

1. Open a fixed deposit account of RM300,000

2. Maintain a minimum balance of RM100,000

from second year onwards and throughout

stay in Malaysia under this programme

2. Maintain a minimum balance of RM150,000

from second year onwards and throughout

stay in Malaysia under this programme

Page 8: Malaysia My Second Home Programme (MM2H) · Member firm of Praxity, the world’s largest alliance of independent accounting firms. Member firm of Quantera Global, the world’s leading,

KUALA LUMPUR I JOHOR BAHRU I PENANG I LABUAN I MUAR | SITIAWAN | IPOH

MM2H PROGRAMME STATISTIC

Page 8 of 11

2002 to Aug 2017 (Top 10)

People’s Republic of China 9,902

Japan 4,372

People’s Republic of Bangladesh 3,746

United Kingdom 2,499

Republic of Korea 1,514

Islamic Republic of Iran 1,351

Republic of Singapore 1,346

Republic of China (Taiwan) 1,271

Islamic Republic of Pakistan 992

Republic of India 937

Others 7,891

Page 9: Malaysia My Second Home Programme (MM2H) · Member firm of Praxity, the world’s largest alliance of independent accounting firms. Member firm of Quantera Global, the world’s leading,

9

SHINEWING TY TEOH OFFICES

Contact : T K TEOH / Choon Chai

Email : [email protected]

Labuan

+6013-736 0033

Penang

Kuala Lumpur

Muar

Johor Bahru

Sitiawan

Ipoh