Mobirise

Residency in Malaysia

We specialise in two Malaysian residency schemes. Please see below further details on each.

01.

Malaysia MM2H

MM2H stands for Malaysia My Second Home. The MM2H residency scheme is available to everyone who meets the requirements, of any nationality.

Read more

02.

Malaysian Tax Residency

Residency in this case is determined by obtaning a Malaysian Tax Identification Number and paying Malaysia tax only on Malaysia source income.
Read more
 

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Malaysia
MALAYSIA MM2H RESIDENCY

WHAT DOES MALAYSIA OFFER?

  • WEATHER. Malaysia offers a warm tropical climate with cooler uplands, together with beach resorts etc.
  • NATURE - A wide range of wildlife including Orangutans, Asian elephants, Hornbills, Malaysian tigers, Tapir and many more. 
  • FOOD - Malaysia has a good selection of restaurants with a wide choice of cuisine and shopping.
  • INFRASTRUCTURE - Good infrastructure including fast Internet, and good road connections between main towns. 
  • PROPERTY - A wide range of property of buy or to rent. We can introduce our agent who will be happy to advise you.
  • TAXATION - Territorial taxation, income earned outside Malaysia is not subject to Malaysian tax.

Malaysia main population centres: 

KL

Kuala Lumpur

Kuala Lumpur is the capital and largest city.

Expats frequently choose to live in the KL / Selangor area. 

Johor Bahru

Johor Bahru

Limassol

George Town



Paphos

Kota Kinabalu



MALAYSIA MM2H RESIDENCY

WHAT IS MM2H?

MM2H stands for Malaysia My Second Home. Originally this was a retirement scheme but has since been widened to include everybody meeting the requirements below.

WHO IS THE SCHEME FOR?

The MM2H residency scheme is available to everyone who meets the requirements, of any nationality.

HOW TO BECOME AN MM2H RESIDENT?

We offer a complete package which requires a visit to Malaysia when your application has been approved. This will include meeting our local MM2H licensed agent, visiting the immigration department etc and also opening a local bank account. 

In both of the above cases the deposit needs only be placed after the applicant has received the letter of ‘Conditional Approval’. Generally, the successful applicant must take out medical insurance valid in Malaysia - we can assist with this.

OPTIONAL SERVICES

PROPERTY
We can help with finding a suitable property in Malaysia. For those wishing to rent there is an abundance of moderately priced property throughout Malaysia. For those wishing to purchase, please note that there is a requirement that foreigners buying property must spend at least RM 1 million.

OTHER
There are various optional services that we offer including getting a contract mobile phone etc. 

WHAT DOES IT ALL COST?
  • This will partially depend on the optional services requested. 
    Our base fee is £5,000
    (including the services of our resident, licensed MM2H agent)
  • There are, however, various options that can be chosen for which a quote will be provided.



  • Please note that a police clearance certificate from the applicants country of residence is required.

MM2H REQUIREMENTS

Applicants under 50 years old: 


Must have a monthly income of RM 10,000.

Show liquid assets above RM 500,000.

On approval, the applicant must place a fixed deposit RM 300,000 in a Malaysian bank account. Of this, RM 150,000 can be withdrawn after 12 months towards the purchase of a house or flat, children’s education etc. The balance must be maintained for as long as residency is maintained. 

Applicants 50 years old and above :


Must have a monthly income of RM 10,000.

Show liquid assets above RM 350,000.

On approval, the applicant must place a fixed deposit of RM 150,000 in Malaysian bank account. Of this RM 50,000 can be withdrawn after 12 months for the purchase of the house, children’s education etc. The balance must be maintained for as long as residency is maintained. 

We invite you to contact us for an initial consultation without obligation.

MALAYSIAN TAX RESIDENCY
MALAYSIAN TAX RESIDENCY

WHAT IS MALAYSIAN TAX RESIDENCY?

Malaysia operates territorial taxation that applies to both Malaysian citizens and to its tax residents. This means that only income earned in Malaysia is taxable, whilst income earned outside Malaysia and brought into the country is tax-free. This opens the possibility of having a tax number in Malaysia and paying Malaysia tax only on Malaysia source income.

The Common Reporting Standard (CRS) requires an increasing number of countries (actually banks based in these countries) to report the balances held in both personal accounts and corporate accounts to the country where the owner(s) / controller of the balances is/are resident. Residency in this case is determined by the Tax Identification Number (TIN) supplied to the financial institution.

By obtaining a TIN in Malaysia (and notifying banks & other financial institutions as soon as possible), the CRS reports will be sent to the Malaysian authorities rather than the country of former residence.  

HOW TO BECOME A TAX RESIDENT IN MALAYSIA?

There are two ways for foreigners to obtain a TIN in Malaysia. 

Option 1. - 

By becoming a director of a Malaysian company and receiving a local income & thus paying tax in Malaysia.

Read more

Option 2. -  

By purchasing property and renting it out and thus paying a tax on rental income.


Read more

WHAT DOES IT ALL COST?
  • This will partially depend on the optional services requested. 
    Our base fee is from £5,000.
  • A personal bank account opening, if you require our assistance is £500.

We invite you to contact us for an initial consultation without obligation.

OPTION 1 -
FORMATION OF A MALAYSIAN COMPANY

By forming a Malaysian company e.g. for consultancy work, a tax return will need to be filed both in respect of the company and also the director(s) in respect of directors fees paid. This has the effect of a genuine Malaysian TIN being issued, which can be provided to banks etc worldwide in place of the TIN of former residence. No Malaysian income tax will be due on any income declared from outside Malaysia.
To put this into effect, the following steps will be taken:

FORMATION OF A MALAYSIAN COMPANY

1

Formation of a Malaysian company* for your own use - with you as director and shareholder of the company, and application for a Malaysian Tax number (TIN).

*Annual audit and tax filing from second Year onwards. 

2

Provision of a local business bank account.

3

Provision of a rental contract (for a min of 1 year) in Kuala Lumpur in order to provide a local address. This can be arranged remotely by us by using a Power of Attorney. Obtaining a utility bill (water, phone, etc). Obtaining a utility bill (water, phone, etc).

OPTION 1 -
PROPERTY PURCHASE AND RENTAL IN MALAYSIA

When you purchase a property in Malaysia you can make it available for long or short term rentals. By doing so, you will be liable to taxation in Malaysia on the rental income received (less costs) at the rate of 24%.
We can assist you with:
(All of the below can be done remotely by using a Power of Attorney. )

PROPERTY PURCHASE AND RENTAL MALAYSIA

1

Obtaining a Malaysian TIN, as well as subsequent assistance in preparing and filing annual tax declarations.   

2

Obtaining utility bills in your name.

3

Provision of a rental contract (for a min of 1 year) in Kuala Lumpur in order to provide a local address. This can be arranged remotely by us by using a Power of Attorney. Obtaining a utility bill (water, phone, etc). Obtaining a utility bill (water, phone, etc).

Are you looking for a residency solution?

We invite you to contact us for an initial consultation without obligation