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Retire to Malaysia - My Second Home Program
WHO ARE ELIGIBLE TO APPLY?
It is open to all citizens of countries recognized by Malaysia regardless of race, religion, gender or age. The applicant must prove a minimum fixed deposit of RM150,000 with any Malaysian financial institution AND have a monthly offshore income equivalent to at least RM7,000 if single or RM10,000 if with spouse. But if applicant is above 50 years old, he has only to prove either a fixed deposit of the same amount OR a monthly income as stated.
OTHER CONDITIONS
Having a reputable sponsor can be a help. However, this condition is not required if the financial background and status of the applicant satisfies the Processing Officer. To have a medical report from any recognized hospital. A medical health insurance valid in Malaysia. The successful applicant cannot seek gainful employment in Malaysia unless he posseses special expertise and obtains the permission of the Malaysian government.
WHY MALAYSIA?
Governmental support :
This program is initiated, organized and launched by the Malaysian Government. It is, therefore, a program, that the Government will continuously work to ensure its success.
STANDARD OF LIVING
Malaysia has one of the highest standards of living in the region with all the modern infrastructure and facilities in place.
COST OF LIVING
Cost of living is one of the lowest in Asia and will remain so for a very long time. This is achieved through the Government's efficient monitoring of the economy in ensuring that inflation is kept low at all times and thereby also the prices of goods and services.
WEATHER
The weather is pleasant, warm and balmy with moderate rain throughout the year, There are also highland residential areas and resorts with permanent spring-like weather throughout the country.
INFRRASTRUCTURE
The whole country is very well connected with up-to-date, modern road, rail, air, and sea transportation systems. Public transport by buses, taxis, trains and planes are comfortable, efficient and relatively low in cost.
POLITICAL STABILITY
The ruling Government is the longest serving freely elected Government in the world. It is a Government representing all the races, religions, cultures etc. found in Malaysia. In fact, Malaysia is one of the most politically stable countries in the world.
RULE OF LAW
The rule of law is one of the fundamentals in Malaysia's constitution. Everyone is subjected to the law and also equal before the law. Malaysia practises basically the British system of justice with an independent reliable and dependable judiciary.
SAFETY
Statistics can proof that Malaysia is one of the safest countries in the world, its crime rate is relatively low.
RELIGION
Islam is the official religion of Malaysia but the constitution guarantees the right of people to practise other religions.
CULTURE AND LANGUAGE
The Malay language (Bahasa Melayu) is the national language of the country; English is the second language but other languages can be freely used and practised. Similarly the Malay culture is dominant in the country because the Malays are the dominant race in Malaysia and in the region. But other cultures can be practised very freely and there is a free intermingling of different cultures.
FOOD AND FRUIT
All the food of the world can be found here at very reasonable cost. With so many races and cultures living together in harmony, it is understandable that each race has picked up the best of each other's food and made Malaysia into Asia's Food Paradise. Similarly the tropical fruits of Malaysia are unique, exotic and available in abundance practically throughout the year. It should be a real joy to savour these fruits.
RECREATION/ENTERTAINMENT
The country has everything for the family,-theme parks, jungle trails/sports, water sports and one of the highest number of golf courses - ratio or population.
SHOPPING
Most of the items that tourists normally like to buy - perfumes, cosmestics, watches, fountain pens, a long list of electronic goods, branded goods etc. are completely free of tax. Quality goods from all over the world are imported and are relatively low in price and sold throughout Malaysia.
EDUCATION
The country has one of the best developed and quality educational systems - both public and private. There are international schools of repute in all major towns with English as the medium of instruction. There are also private colleges and universities offering twinning programs with other well-known universities and major colleges from throughout the world. Therefore, it is the place for quality education from nursery right up to the highest level of university education. It is already becoming an educational center of excellence for the region. Relatively speaking, it is also the place to get quality international class education at a very reasonable cost.
MEDICAL FACILITIES
The country has a very efficient health system where medical services are provided at nominal cost. Private doctors, clinics and also hospitals of international standards are easily obtainable at very reasonable cost. Malaysia is also becoming a centre for medical facilities in the region.
RESIDENCE
There are quality residences - terrace houses, semi-detached, bungalows, apartments and condominiums all over the country. There are also some of the finest residences available in tourism zones - on beaches, near jungles and near theme parks, recreational places and city centres. Foreigners are eligible to buy 2 houses at a cost of not less than RM150,000 each. For this purpose, they are also entitled for 60% loan from local banks.
HOW TO APPLY?
Application can be made direct to :-
Department of Immigration, Malaysia
Block 1 (North), Level 4, Damansara Town Centre,
50550 Kuala Lumpur, Malaysia
Any Malaysian representative Offices overseas and also Tourism Malaysia Offices
Applications can also be made through agents, lawyers and others.
To be enclosed with the application are two (2) passport-size photographs of the applicant, spouse and accompanying children together with relevant supporting documents.
APPROVAL
Under normal circumstances, all applications that fulfill the criteria should be processed and approved within 30 days after submission of the application.
FURTHER ENQUIRIES
For further enquiries regarding this program, participants can contact :-
Ministry of Tourism,
Tourism Division
Level 33, Menara Dato' Onn Putra World Trade Centre
45, Jalan Tun Ismail 50694 Kuala Lumpur Malaysia
Tel: 03-2693 7111/2696 3132/2696 3133
Fax: 03-2694 1146/2693 2399
Website: www.mocat.gov.my
Ministry of Home Affairs, Malaysia
Block D I , Parcel D Federal Government Administrative Centre
62546 Putrajaya, Malaysia
Tel : 03-8886 8000 Fax : 03-8889 1613
Website: www.kdn.gov.my
Department of Immigration, Malaysia
Block I (North), Level 4 Damansara Town Centre
50550 Kuala Lumpur, Malaysia
Tel : 03-253 9181/254 5096/254 5108
Fax: 03-252 4911/256 2340
Website: www.imi.gov.my
ASIA APEX LTD. (HK)
Unit 1003, 10/F., Malaysia Building
50 Gloucester Road, Wan Chai
Hong Kong
Tel : (825) 2529 8899 Fax : (825) 2529 8829
Contact : Ms. Cherry Lam
Website : www.homemalaysia.com
Malaysia
