What is Bank of China’s message about MM2H? – kopiandproperty.com
MM2H News: What is Bank of China’s message about MM2H?
Bank of China likes MM2H too
Okay, there’s an additional benefit for Bank of China if Chinese from China takes up Malaysia’s MM2H programme. What is the benefit? Well, do read on about what they think of Malaysia My Second Home (MM2H) and the reasons why they think MM2H is a good programme for China’s retirees or even just interested applicants who wants a second home, perhaps to escape winter every year?
Malaysia has 4 seasons too as everyone knows. We have HOT, HOTTER, HOTTEST and RAINY seasons. Haha.
Malaysia My Second Home Programme (“MM2H”)
Malaysia My Second Home Programme is promoted by the Government of Malaysia to allow foreigners who fulfill certain criteria, to stay in Malaysia for as long possible on a multiple entry social visit pass. The Social Visit Pass is initially for a period of five (5) years, and is renewable.
- Close diplomatic relationship between China and Malaysia.
- Politically stable country.
- Free from major natural disaster.
- Apart from the national language i.e. Bahasa Malaysia, English and Chinese are widely used in Malaysia.
- Established public infrastructure such as airports, ports and highways.
- Established medical service providers such as hospitals, medical/wellness centre etc.
- Established education centre i.e. private/international schools, colleges and universities.
- Warm hospitalities with 28million population.
1. 100% risk-free
Money invested in the form of Fixed Deposits under the applicant’s name and earning interest as well.
2. Entry Visa
5 years multiple entry visa renewable for an indefinite period.
3. House Purchase
BOCM’s MM2H Housing Loan Package
Bank loan with attractive interest rate and higher loan margin available*
*Terms and Conditions apply
4. Education
Bring children under 21 years old and not married as dependants.
5. Domestic Helper/Bringing Foreign Maid
Allowed to apply for one maid.
6. Tax Exemption
Tax exemption is given to pension remitted into Malaysia.
7. Registering of Business
Eligible to register limited company in Malaysia.
8. Working Part Time
Applicable for participant aged 50 years old & above, 20 hours per week.
9. Personal Items/Pets
All personal items including your pets can be brought into Malaysia tax-free.
10. Efficient Approval
Fast approval, usually within 60 days.
(Kindly refer to MM2H Official Website at www.imi.gov.my for more information)
End of Bank of China’s messsage. If you like to learn more, here’s the link again: bankofchina.com.my
If I am a Chinese (whether speaking Mandarin or other dialects), Malaysia can be a second home
Generally, Malaysian Chinese speaks Mandarin. In Penang, Hokkien is the usual language spoken. In KL, it’s mixed of everything even if Cantonese is very common. There are also the never ending choices of food plus these days, Chinese restaurants serving Chinese style food is very common too. I went to one in JB just a few weeks back. Take a look at the photo below. Super delicious! Unfortunately forgotten to take photo of the fish dish. That’s even better. Haha.
Malaysia is a good home to be. It can a great second home to any foreign retirees too. Welcome!
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