I am interested to buy a Hotel Apartment in malaysia(kuala lumpur).I am not resident
Reply
Reply dated 19 Jan – received on 29 Jan 2009 Reply from Kudratullah Fatimy Undersecretary of Licensing Ministry of Tourism. SINGLE ENTRY VISA Issued to foreign nationals who require a visa to enter Malaysia mainly for a social visit. Normally valid for a single entry and for a period of three (3) months from the date of issue.
MULTIPLE ENTRY VISA Issued to foreign nationals who require a visa to enter Malaysia mainly for business or government-to-government matters. Normally valid for a period within three (3) months to twelve (12) months from the date of issue. Citizen of India and People's Republic of China who wish to enter Malaysia for the purpose of Social Visit are eligible to apply for Multiple Entry Visa. The validity of the Multiple Entry Visa is one (1) year. Each entry is 30 days only and the extension of stay is not allowed. Conditions for Multiple Entry Visa are:
Applicant must show proof of sufficient fund for staying in Malaysia
Posses valid and confirmed return ticket
Group tour is not eligible to apply for Multiple Entry Visa. The Multiple Entry Visa is RM50.00 for Indian Citizens and RM30.00 for People's Republic of China's citizens.
TRANSIT VISA Issued to foreign nationals who require a visa to enter Malaysia on transit to other countries. Foreign nationals on transit without leaving the airport precincts and who continue their journey to the next destination with the same flight do not require a transit visa.
If you need further information on resident visa or the application of visa, please log on directly to The Immigration Department of Malaysia official website : www.imi.gov.my or Tel. no. 603-8880100 or Fax no. 603-88801200.
On Question no. 2, there are no specific sources of financing for foreign investment in hotel business provided by the government authorities. Investors are advise to find their own financing either from the local or foreign commercial or investment financial institutions.
If you need further information on investment or tax incentives in Malaysia, you could log on directly to Malaysia Industrial Development Authority website: www.mida.gov.my or Tel no. 603-22673633 or Fax no. 603-22747970.
From Ms Lai Shevren dated 20 Jan Please be informed that MM2H programme is a long-stay programme which offers incentives to facilitate participants' stay in Malaysia, one of which is the provision of 10-year multiple-entry social visit pass, renewable.
Please visit our website http://www.mm2h.gov.my for comprehensive information on the programme, terms and conditions, incentives as well as application procedure. Nevertheless, we are taking the liberty of summarising the MM2H programme for your reference:
1. CRITERIA These criteria are to be observed only after receiving Letter of Conditional Approval (refer to "stages in application", below)
1.1
An important criterion is financial. Applicants need to show their financial capability to support themselves in Malaysia whilst on the programme, without having to work or do business here. Documentation related to this would expedite the approval process.
Applicants aged below 50 years are required to place a Fixed Deposit (FD) of RM300, 000.00 (approximately USD86,000.00) in any bank or financial institution . Those who are 50 and above may choose to either deposit RM150, 000.00 in fixed deposit (FD) account or show proof of offshore income of RM10, 000.00 per month (applicable to government pension payments ). They may, with prior approval from the Ministry of Tourism, withdraw up to RM240, 000.00 (below 50 years) or RM90, 000.00 (50 years and above) from the FD account for specific purposes, such as house purchase, medical expenses or children's education, after one year on the programme. It is mandatory to maintain RM60, 000.00 as fixed deposit in the bank from the second year onwards. Besides fulfilling the basic financial criteria of FD, applicants should provide proof of their financial standing, as mentioned in the introduction. The financial requirement is for the main applicant only.
1.2
Medical report from any private hospital or registered clinic is to be submitted.
1.3
Applicants will be required to purchase medical insurance policy. International insurance policies which are recognised in Malaysia are acceptable.
2. INCENTIVES Incentives include accordance of renewable multiple-entry social visit pass for 10 years, tax-exempt import of one personal vehicle or tax-free purchase of locally-assembled car (please check website for conditions), purchase of residential properties priced above RM250, 000.00 each (RM350,000 in certain parts of Sarawak), tax- exempt income from abroad and permission to bring in a domestic helper. . 3. STAGES IN MM2H APPLICATION
3.1
MM2H applications may submitted through licensed MM2H agents or directly to us in MM2H Centre. The list of licensed companies are listed under "Licensing" page of our website. Applicants should be happy with the services to be provided by any appointed agent and fees should be mutually agreed upon. A simple contract would be useful, in the event that an applicant wishes to seek redress against non-performance of an appointed company.
Pre-submission/submission : application for social visit pass ( 4 weeks) Download the Social Visit Pass Application form, FORM IM 12 , from our website, under "'How to Apply" page and observe the guidelines stated in this section. Please comply with all the guidelines listed for new applications, to avoid unnecessary processing delay. Copies of marriage, birth certificates, financial and other endorsed documents need to be submitted together with the application. Please note that only registered marriages are eligible for MM2H application. One partner is the main applicant whereas the spouse and unmarried children below the age of 18 may be listed as dependants. Unmarried couples will need to submit two separate applications and fulfill the criteria separately.
Approximately 6 weeks from submission, your agent will be notified of the status of your application by our Immigration authorities. If approved, they will be receiving your Letter of Conditional Approval. Applicants may also check the status of their application on-line, through our website.
3.2.
Letter of Conditional Approval (maximum validity 6 months ) Applicants are required to be in Malaysia within six months of the Letter of Conditional Approval to fulfill the criteria of:
opening fixed deposit account in any Malaysian banking institution
undertaking medical test in any private hospital or registered clinic
purchasing medical insurance policy.
Documents related to the above are to be submitted to the Immigration Department for final approval of MM2H status (see (3.3) below).
3.3
MULTIPLE-ENTRY SOCIAL VISIT PASS The Immigration Department will accord the MM2H visa once your final documents are approved, and you will be issued the renewable multiple-entry social visit pass for ten years (or less, depending on the validity of your passport). A visa fee of RM90.00 per year will be collected. For some nationalities, a Journey Performed (JP) visa fee of RM500.00 may need to be paid before the MM2H endorsement is given.
4. OTHERS
4.1
MM2H website : please visit our website http://www.mm2h.gov.my for comprehensive information on MM2H programme.
4.2
Some other websites/portals which are useful reading include:
http://www.gov.my : Government portal
http://www.miti.gov.my : Ministry of International Trade and Industry
http://www.mida.gov.my : Malaysian Industrial Development Authority
