Advantages and disadvantages of Malaysia's second home project

China and Malaysia have similar cultural backgrounds. There are 1/4 Chinese in Malaysia, and Chinese is quite popular, so emigrating to Malaysia can quickly adapt to local life. Malaysia's second home plan is the most common way of immigration in Malaysia, so what are the advantages and disadvantages of this immigration project? Let's take a look at it with the overseas immigration network.

Characteristics of Malaysia's Second Home Project:

1, no age limit, no English requirement, no proof of asset source. The ten-year visa is renewed for life, and there is no need to repeat the visa for free entry and exit.

2, the processing speed is fast, the cycle is short, and it can be used at any time. Simple materials only need to provide passport, marriage certificate and proof of deposit income.

3. There is no residence requirement and no immigration supervisor. There is no need to give up domestic identity, career, welfare and social relations. You can revoke your identity at any time, just get the deposit back, and there is no loss.

If a host applies, the whole family can get a visa, and parents over 60 can accompany and bring a servant into Malaysia. Children go to school and parents go to accompany them.

Advantages of Malaysian Second Home Immigrant Project for China Applicants;

1, no age limit

2. No English requirements.

3. No proof of the source of assets is required.

4. Simple materials: customers only need passport, income certificate and bank deposit certificate to apply.

5. Short cycle: 2 months, generally no more than 3 months.

6. No residence requirements-no immigration supervisor.

7.2/kloc-children under 0/year old can attend local schools.

9. Other countries have convenient visas and can legally open accounts abroad.

10, the cost of doing business in Malaysia is low.

1 1, language communication is not a problem. Chinese in Malaysia account for 30%. Besides English and Mandarin, Minnan, Cantonese and Hakka are also widely used communication tools.

12, Malaysia follows the education system of Britain, Europe and America, and its education level and diploma are recognized by famous universities in Europe and America. And the tuition is quite low. Students can also choose to transfer to the United States, Canada, Australia, New Zealand and other countries to study. With the right of abode for five years, you don't have to go back to China to apply for studying in Canada, Australia and New Zealand.

The unique welfare and advantages of Malaysia's second hometown;

Freedom of entry and exit

Holders of residence permits can hold Malaysian identity cards and can enter and leave Malaysian territory, and there is no limit on the length of stay in Malaysia; Live freely in Malaysia.

2. Education

If the applicant's children are younger than 2 1 year, they can apply together as dependents and enjoy the high-quality teaching system in Malaysia.

Step 3 tax

Holders of residence permits can enjoy personal income tax exemption from abroad.

Step 4 buy a car

Each residence permit holder can bring a private car into Malaysia for use, or buy a car assembled in Malaysia, and enjoy exemption from import tax, local consumption tax and sales tax.

Step 5 buy real estate

Applicants can directly invest in real estate, or even obtain real estate with permanent title deed, without the approval of FIC Foreign Investment Management Committee. Funds obtained after real estate sales are exempt from value-added tax.

Disadvantages of the second home project:

Malaysia's second home project is not an immigration project, so it needs to be reminded first. That is to say, after successful application, you can get a visa for 10 years, but your passport is still a China passport and you don't enjoy the preferential policies of Malaysian citizens.

Successful applicants for Malaysia's Second Home Project can start a local company, but they cannot work. If they want to work locally, they must apply for a special work permit from the Immigration Bureau.