Under MM2H Program foreigner’s is allowed to purchase unlimited number of all type of properties here in Malaysia, be it freehold or leasehold.

As of March 2014 foreigners are subject purchase minimum RM1 million worth of property and subject to various states land department approval.

If you do require end financing for your property purchase, most banks would necessitate that you have visa; of which you could use your Malaysia My Second Home. In fact, the loan margin from banks may be higher with this visa compared to other visa forms, as the former requires for fixed deposit to be first placed with banks.

Following are some of the facts that make foreigners interested invest in Malaysia.

Direct Foreign Ownership with No Capital Controls

Non-residents are free to purchase residential and commercial properties in Malaysia. All purchasers are subject to restrictions on Malay Reserve Lands and properties allocated for Bumiputras. There is a minimum investment value of RM500,000 and above for property purchase according to the jurisdiction of different states in Malaysia.

Across both residential and commercial sectors, an increasing number of existing and new developments are CONQUAS compliant and fast adopting the Green Building Index (GBI) certification.

Transparent Torrens Land Administration System

Malaysian land law is based on the Australian Torrens System. The rights of foreign investors to own and possess property and to seek legal redress in the courts are guaranteed under these laws.

Real Estate Investor-friendly Tax Environment

From 1 January 2010, the effective tax rate on disposal of real property is 5%, subject to the provisions of the Real Property Gains Tax Act 1976. No tax is imposed on profits gained if the property is disposed of after 5 years of ownership. There is no withholding tax on property disposal and no inheritance tax. Investors may have to pay tax on earnings depending on their income tax band.

Repatriation of Income is Allow

Bank Negara Malaysia does not impose any restriction on the repatriation of profits, rental or proceeds from divestment of investments in Malaysia by a non-resident.

Please feel free to contact us for more right choice of property to invest. Email: enquiry@livingmalaysia.com