Malaysia's Second Home Plan

The Malaysia Second Home Program is an existing policy issued by the Malaysian government to attract foreign assets, promote vacation tourism, and develop the economy. The purpose is to encourage foreigners to settle in Malaysia for a long time.

Malaysia Second Home Application Conditions

1. The main applicant must be 35 years old and above;

2, to provide the first three months of the bank flow certificate, need to meet the monthly 40000 ringgit (equivalent to the contract of 60000 RMB);

3. Provide a domestic deposit certificate of 1.5 million ringgit under the principal applicant's name (converted into 2.3 million RMB);

4. Provide proof of non-criminality of all applicants;

5. After approval, applicants aged 50 and above need to deposit 1 million ringgit in Malay local banks. Applicants aged 35-49 need to deposit 50000 ringgit for each additional accompanying person on the basis of 1 million ringgit. In the second year of getting the status, if you buy a house, buy a car, medical care, education and other reasons, you can withdraw half of the deposit;

6. Residence Requirements: A total of 90 days of residence per year or 450 days of residence for both husband and wife within 5 years.

Let's understand this process together. First of all, the main applicant must be at least 35 years old, and the main applicant and peers need to provide no criminal record. In addition, the main applicant is required to provide a one-year bank deposit certificate of 1.5 million ringgit, which can be freely used after approval. The real main applicant must provide overseas running water certificate, that is, bank running water certificate with a monthly income of 40,000 ringgit in the past three months.

Once approved, applicants aged 50 and above need to deposit 1 million ringgit in local banks in Malaysia, while applicants aged 35 to 49 need to deposit 50,000 ringgit for each additional accompanying person on the basis of 1 million ringgit. Ultimately, the principal applicant or his or her spouse is required to remain in Malaysia for a period of at least 90 days.

Malaysia Second Home Application Process

1, the need for the applicant's qualification assessment.

2. Submit a full set of application materials to the Malaysian Immigration Bureau.

3. Obtain the file number, and the Malaysian Immigration Bureau will issue the paper file number.

4, data audit machine, after obtaining the file number of the Immigration Bureau will enter a trial stage.

5. After obtaining the reply letter, the Immigration Bureau will issue the reply letter and prepare for landing.

6, is to open an account and make a deposit of ringgit.

7, landing stickers.

Malaysia's second home after landing

Upon arrival in Malaysia, you will need to complete the required procedures such as medical examination, purchase of insurance and labeling.

Although time deposits need to be temporarily frozen when applying for Malaysia's Second Home, the full amount still belongs to the applicant and enjoys full rights and interests. Once the application for a time deposit is approved, not only can you earn interest, but the withdrawal procedure is also very convenient.

In addition, your identity document can be withdrawn at any time as required. Malaysia's multiple advantages (such as housing, pension, business investment, education and health care) apply to all age groups, which makes it a good choice for long-term investment projects.