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Fixed Deposits
Q: Can I purchase of a house in Malaysia which is valued at more than RM300,000.00 be considered as having fulfilled the financial criteria for this programme?
A: No. Participants are required to fulfill the fixed deposit requirement or monthly off-shore income for age 50 years and above.
Q: Am I allowed to withdraw my fixed deposit for a few months and then top it back later?
A: No. Participants are not allowed to do this, unless for an emergency purpose but with prior approval from the Ministry of Tourism Malaysia.
Q: Why were some of the applications rejected?
A: Mainly are due to failure in meeting the financial requirements i.e. fixed deposit and proofs of foreign income are the minimum requirements. In order to improve the chances of approval, a strong financial background is needed, by providing bank deposit statements, asset statements and proof of any additional incomes from rental, pension fund etc. All these statements will provide an additional advantage.
Employment
Q: I am a qualified doctor in US. How can I get to work in a Malaysian hospital or a private hospital?
A: Under Malaysia My Second Home Programme, participants are NOT allowed to work. However, you may apply to the Human Resources Ministry seeking special approval for you to work in Malaysia because of your expertise. If you are successful, you will be issued a work permit or Employment Pass. You may join Malaysia My Second Home Programme upon expiry of your work permit should you decide to continue your stay in Malaysia.
Investment
Q: Can I open a restaurant, book shop or clinic in Malaysia under this programme?
A: No. Participants under this programme are NOT allowed to have their own businesses.
Education
Q: Do kindergarten level children need Student Visas to attend kinder garden here?
A: Children below the school going age (of is 7 years) are not required to apply for Student Visas. They need only apply for a Social Visit Visas.
Q: Can foreign students continue their studies easily in Malaysia?
A: Yes. There are lots of international and foreign schools, institutions and universities located in Malaysia, with international standards.
Q: If my children are already married and want to study in Malaysia with their husbands, do they need to pay the fixed deposit?
A: Not necessary. They can apply for a Student Visa once they have obtained places of study in Malaysia.
House Purchase
Q: Can I purchase a house for residential purpose and a shop lot to be rented out?
A: No, you are only allowed to purchase residential properties.
Q: Must foreigners buy new Malaysia property only, such as from developers, or can they purchase any property, such as from individual owners (second hand or third hand property)?
A: Participants can purchase any type of housing properties provided that it has been issued with CF (Certificate of Fitness).
Q: Am I subject to the property gains tax if I make a profit from selling my house?
A: Yes.
Income Tax
Q: Does the participant have to submit any personal tax declaration to the Income Tax Department of Malaysia, like Malaysians have to?
A: Yes.
Q: I am a German with which my country has a `double taxation agreement’ with Malaysia. I have an early pension and if I stay in Malaysia for at least 184 days, my pension scheme will not be taxed by the German Government and will also not be taxed by the Malaysian government. Is this true?
A: Under this programme, pension remitted to Malaysia is exempted from tax.
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MM2H FAQ 
