If you are a European who is looking for foreign real estate investment opportunities, Malaysia is a very attractive proposition. One reason for this is the Malaysian second home program (MM2H) that offers foreigners attractive tax concessions and long-term visas to come and go with ease.

 

 

MM2H Initiative

The Malaysian government created the MM2H program to attract foreign investment in real estate and there are certain financial criteria that must be met.

The 3 main categories are:

• Silver - Minimum age is 25 years, with a fixed deposit of U$150,000 with a 5-year renewable term. Minimum real estate purchase in Malaysia of RM600,000.
• Gold - Minimum age is 25 years, with a fixed deposit of U$500,000 with a 15-year renewable term. Minimum real estate purchase in Malaysia of RM1,000,000.
• Platinum - Minimum age is 25 years, with a fixed deposit of U$1,000,000 with a 20-year renewable term. Minimum real estate purchase in Malaysia of RM2,000,000.

Long-term multiple entry visas are included in the package, which allows you to come and go as you please.

Other benefits for MM2H applicants

Other benefits include the following:

• Import personal possession with tax exemption
• You can invest in local businesses
• Interest from fixed deposits is tax exempt
• No currency exchange control
• No restrictions on funds in and out of Malaysia

As you can see, there are some great benefits when you become a member of the MM2H program and if you want further information, visit the MM2H website.

 

Choosing a location

Take a long holiday to explore the country and that will give you the opportunity to check out Kuala Lumpur and many other cities and towns, then you will have a better idea of where to purchase your second home. If you are looking for a Puchong house for sale, there are reputable Malaysian real estate agents with stunning properties for sale and rent and the agent can help you with the relevant paperwork. You can view stunning properties on the real estate agent's website and draw up a shortlist to view when you arrive in Malaysia. There is no rush to select a region; spend a few weeks in different parts of the country to get a feel for the place and when you are ready, start viewing properties.

 

Attractive concessions for foreign investors

Malaysia has a lot to offer foreigners, with fantastic weather, low cost of living and stunning beaches, plus the country has a strong economy and English is widely spoken, so there is no need to learn another language. There are also tax concessions on foreign income, which is attractive to many foreign investors. Click here for tips on a/c maintenance, which you will need in Malaysia.

You are allowed to bring your spouse and children (under the age of 21) as dependents and if you would like to learn more about the MM2H program, here is a link to the government website.