Malaysia’s MM2H Program Gets Even Better
July 3, 2014, Hanoi, Vietnam: Malaysia’s MM2H offers great benefits for foreigners choosing to reside here. Now MM2H visa holders are able to buy lower-priced property than those without visas.
Dear Live and Invest Overseas Reader,
Malaysia is an attractive place for foreigners to call home. And for many reasons...
The warm, tropical climate and almost complete absence of any natural disasters is enough incentive for some.
English is widely spoken throughout the country—in fact, there is really little reason to learn another language.
Permanent residency is offered and comes with a host of incentives to entice foreigners here.
The diversity of its people, who comprise an assortment of Malay, Chinese, and Indian ethnicities, creates a unique culture. As a result, foreigners invariably find Malaysia to be an extraordinary place to partake in a diversity of traditions, foods, and festivals.
Malaysia is also one of the few countries in Southeast Asia that allow foreigners, regardless of whether they are permanent residents or not, to purchase land, houses, or condominiums for their primary residence or to produce income.
And, it's one of only a handful of countries that allow foreigners to take out a mortgage. Nonresidents who meet the bank's qualifications can receive financing for up to 60% of the total value of a property. And, those who participate in the Malaysia My Second Home (MM2H) program, which grants permanent residency to foreigners, can receive financing for up to 80% of the total property value. Local banks will usually require that the loan be repaid by the time the borrower reaches 65 or 70 years of age.