Advantages and conditions of Malaysia's second home plan

# Malaysian Immigrants # Introduction Malaysia's Second Home Project is a policy issued by the Malaysian government to attract foreign investment, promote tourism and develop the economy. Let's take a look at the advantages and application conditions of the second home purchase plan. Welcome to reading.

1. Advantages and conditions of Malaysia's second home plan

? Malaysia's Second Home Plan

The Second Home Project is a long-term residence plan implemented by the Ministry of Tourism of Malaysia for foreign retired elderly people, that is, the "Silver Hair Plan", which encourages foreign retired elderly people to use their own pensions to travel to Malaysia and live for a long time. In 2002, the government decided to rename the "Silver Hair Project" as "Malaysia's Second Home Project", because the project has achieved good results after implementation. The target of application is no longer limited to retired people, but extended to foreigners over 2 1 year old.

Among the main sources of 10 of Malaysian Second Home Project, China has been ranked first, with a total of 411,followed by Bangladesh, Britain, Japan, Singapore and other countries and regions.

First, advantages

1.2/kloc-children under 0/can take it and attend local public schools for free. If you go to an international school, the tuition fee is low, which is one-third of that of European and American countries;

2. Malaysia follows the education system of Europe and America, and its education level and diploma are recognized by the world, so it has a good English environment.

3. Asia's top medical level, foreigners and even charter flights;

4. No language, no residence requirements, no need to explain the source of funds;

5. The application materials are simple and can be quickly approved in 3 to 5 months;

6. Facilitate the signing of contracts in third countries and regions;

7./kloc-A company with 0/00% equity may not be registered as a local partner, and the tax is low;

8. Local Chinese account for 25%, and there are no language barriers in life.

Second, the conditions

1. The main applicant is 2 1 to 50 years old: he has working capital of more than RM 500,000 (about RMB 850,000), and after approval, he opened an account in the Bank of Malaysia and deposited a time deposit of RM 300,000 (about RMB 5 1 10,000);

2. The principal applicant is over 50 years old: he has working capital of over RM 35 (about RMB595,000) and has opened a time deposit account of RM 6,543,800+RMB50,000 (about RMB255,000) after approval;

3. The after-tax income in the last three months is not less than RM10,000 (about RMB 654.38+0.7 million), which can be husband and wife income, real estate rental income, pension income, etc.

4. Be healthy and buy commercial medical insurance licensed by the Malaysian government;

5. No criminal record.

Remarks:

1. Liquidity includes bank demand, time deposits, wealth management products, stocks, funds, etc.

2. After opening a deposit account in Malaysia for one year, applicants under the age of 50 can withdraw a maximum of RM 6,543,805 (about RMB255,000), and must keep a time deposit of at least RM 6,543,805 (about RMB255,000) from the second year. Applicants over the age of 50 can withdraw a maximum of RM 50,000 (about RMB85,000) to buy cars, houses, medical insurance or children's education, and must keep a time deposit of at least RM 6,543,800+RM 0,700 (about RMB6,543,800) from the second year.

3. If the customer has purchased a locally recognized property exceeding RM 6,543.8+0,000 within five years of applying for a visa, the applicant aged 265.438+0-50 only needs to arrange a time deposit of RM 6,543.8+0.5 million (about RMB 255,000); Applicants over the age of 50 only need to arrange a time deposit of RM 6,543.8+10,000 (about RMB 6,543.8+7,000).

Third, the process

1. Prepare application documents

Submit application

3. Obtain "conditional approval"

4. Apply for entry visa, arrange itinerary and arrange remittance.

5. Arrange physical examination, purchase commercial medical insurance, open a bank account and arrange deposits.

6. Submit medical examination report and deposit certificate and other documents.

7. Get a visa (social visit pass)

Remarks: It usually takes 2 to 3 months to complete.

2. Advantages of Malaysian immigrant life

Everything is cheap.

You can live a more luxurious life without high cost, and you can indulge in manicure, pedicure, massage and a little shopping spree every week, but the cost is only about one hour's massage in the United States.

2. Safety

Malaysia has no guns, and there are few violent crimes in its eyes. Basically, there will only be some minor crimes. Many times, it is enough to pay a little attention to yourself.

3. Malaysia has world-class infrastructure.

Freeways can compete with American highways, mobile phone packages are cheap and easy to use, wireless networks are everywhere, and the network connection speed is very fast.

Almost everyone speaks English.

Many local people can speak 3-4 languages, and English is also taught in schools. Communication in daily life is not a big problem.

5. Living expenses

Property prices in Malaysia are not high either. The monthly rent of a three-bedroom apartment may be less than 3,000 Malaysian ringgit, and the same room type and geographical location will exceed several thousand dollars in the United States.

6. Multiculturalism

If you live in Malaysia long enough, it is easy to immerse yourself in the local living environment and atmosphere. The culture here is very attractive and attractive.

7. The local people are very friendly.

As Malaysia is a very popular tourist country, the people here are very friendly and people from anywhere can feel the enthusiasm.