What are the changes to the application requirements for Malaysia My Second Home in 2020?

The application conditions for Malaysia My Second Home in 2020 have not changed yet. For details, please consult the Chinese professional licensing agency.

Malaysia Second Home is a long-term residency in Malaysia, and applicants still hold Chinese nationality.

Strictly speaking, the "Second Home" is not a complete immigration program, but a long-term visa-free conditional permanent residence program. In other words, it is a kind of expatriate privilege and status.

Because, unlike other immigrants, it does not need to undergo immigration supervision abroad. It needs to be reported and filed domestically. You don’t have to live there, you can live there. This relatively free status can be put aside when not necessary. However, many privileges other than expatriation can be obtained when necessary.

What is Malaysia like?

*Malaysia is the most livable country in Asia and the most popular country for immigrants. Because here there are friendly and gentle people, low living costs, complete infrastructure, charming natural environment, good investment environment and multiculturalism, and it has an internationally high-level education system.

*The air is good and the temperature is suitable (the temperature throughout the year is between 21 degrees Celsius and 32 degrees Celsius). There are no geological natural disasters such as earthquakes, tsunamis, and volcanoes.

* China and Malaysia have similar cultural backgrounds, with 27% of the Chinese population concentrated in cities. Chinese is widely spoken and is favored by many domestic retirees. Due to the similar cultural backgrounds, as well as the mutual communication in food and language between China and Malaysia, Chinese applicants who participate in this program are most likely to be accepted by the local society and can quickly integrate into the local society.

real estate, these have become the main factors attracting Chinese people. Compared with traditional major countries, Malaysia has the advantage of being more in line with the needs of Chinese immigrants.

Features of Malaysia My Second Home Program

Flexible, free, low-threshold and revocable expatriate conditions

*No age limit, no English requirement, and no proof of source of assets. The ten-year visa can be renewed for life, allowing freedom of entry and exit without the need for repeated visas.

*The processing is fast and the cycle is short (2-3 months). It can be used immediately after the application is completed. The materials are simple and only require your passport, marriage certificate and proof of deposit and income.

*The threshold is low, you only need to deposit MYR 300,000 (approximately RMB 600,000) in AmBank, and you can withdraw MYR 150,000 (approximately RMB 300,000) in the second year, and you will keep MYR 300,000 thereafter. Ten thousand RMB is sufficient in the account, and the amount is reduced by half if you are over 50 years old.

*No residency requirements and no immigration prison. There is no need to give up domestic identity, career, benefits and social connections. You can withdraw your identity at any time and only need to get your deposit back without any loss.

*With one main applicant, the whole family can get the visa. Parents over 60 years old can accompany them, and they can bring one servant into Malaysia. When their children go to school, their parents go to accompany them.

The government provides multiple discounts and guarantees to avoid risks

* You can purchase a new car or transport the car into Malaysia tax-free, saving up to 300% of the entry tax.

*Personal deposit accounts with banks without Chinese branches can be legally opened in Malaysia and will be kept strictly confidential.

*It is not considered a formal immigrant in China, and there is no need to change nationality and no reporting is required. It will not affect your ability to immigrate to other countries in the future, but you will be able to gain credit points.

*Enjoy Malaysia’s free entry and exit treatment for more than 120 countries, and do not need to return to the country to apply for visa procedures.

*Purchase of freehold hereditary property is exempt from foreign income tax and inheritance tax. Can set up an independent company and receive tax benefits. People over 50 years old can apply for a work permit.

* Considerable time deposit interest rate (3.8%) and stable income from stock market funds, and loan financing is also extremely convenient.

The earlier you obtain this status, the better for your children

*Malaysia follows the British and European and American education systems, and its educational standards and diplomas are recognized by well-known European and American universities. Children attend local schools according to national treatment and receive international education in Chinese and English at a very low cost. Let your children win at the starting line.

*Malaysia and Europe and the United States implement "3+0 courses" and "twin courses". Students can choose to transfer courses to study in the United States, Canada, the United Kingdom, Australia and other countries. There is no need to go back to China to apply for a visa. Graduation certificates from prestigious universities in the United Kingdom, the United States, Canada and Australia will be issued, and the cost is only 1/4 of that of studying directly abroad.

* Obtain overseas Chinese status with a low threshold and receive special benefits such as tax exemption, extra points for children’s college entrance examination, and adoption of a second child. Parents may wish to choose to immigrate first and then study abroad.

If you want to know about Second Home, the answers are here

Is Second Home visa-free to Singapore?

A visa is still required to travel to other countries. However, applicants can apply for a visa directly at a foreign embassy in Malaysia without returning to their home country. You can apply for a Singapore visa by yourself or through an agent. Generally, second home owners can obtain a long-term multiple-entry visa, which is much simpler than applying domestically.

What should I do if my English is not good enough to participate in the Malaysia Second Home Program? I won’t become mute when I go abroad, right?

Language communication is not a problem.

Malaysia is a multilingual country, with Chinese accounting for 30% of the population. In addition to English and Mandarin, Hokkien, Cantonese, and Hakka are also commonly used communication tools.

With second home status, do I need to apply for a visa every time I go to Malaysia?

No need. At the Malaysia International Airport, there is a dedicated Second Home VIP channel. You only need to swipe your card to pass. There is no need to go through complicated and lengthy customs clearance procedures at the airport.

Does participating in the Malaysia Second Home Program mean that it is difficult to immigrate to other countries? Is there any impact?

No. It has no impact on immigration to other countries, but is helpful. Because you have Second Home Program status, foreign immigration review agencies will increase the credibility of your credit and give you extra points.

What policy benefits can I enjoy after joining My Second Home?

The main policy-oriented benefits are that children can enjoy local education and study abroad benefits as nationals, and various tax exemptions and exemptions for adults on investments, house purchases, car purchases, and running companies, and medical care can be purchased according to the medical insurance. Enjoy partial subsidies.

I have joined the My Second Home Program. Is it easy to transfer from Malaysia to other countries?

Malaysia has mutual visa exemption agreements with more than 120 countries. Countries without mutual visa exemption agreements can also handle it more conveniently and quickly than at home.

Is Malaysia anti-Chinese?

Malaysia is not anti-Chinese. Malaysian society is a multicultural society. People of various ethnic groups such as Malays, Chinese and Indians in Malaysia study, work and live together and get along very harmoniously and harmoniously. Moreover, the Chinese, who account for 1/3 of the population, play a major role in the economy. Politically, Chinese associations account for 1/3 of the seats in the country's ruling party. In some continents, Chinese are even in power.

The above information is for reference only, please consult with professional organizations for details