Malaysia, is multi-ethnic and multi-cultural country is a federal constitutional monarchy in Southeast Asia.
Malaysia has one of the most developed infrastructures in Asia. The country has 7 international ports, 118 airports & over 200 industrial parks along with specialized parks
Malaysia is a relatively open state-oriented and newly industrialized market economy, with one of the best economic records in Asia, with GDP growing an average 6.5 per cent annually from 1957 to 2005. In 2011, the GDP (PPP) was about $450 billion, the 3rd largest economy in ASEAN and 29th largest in the world.
While Islam is the state religion, the Malaysian constitution guarantees freedom of religion.
Malaysia My Second Home Programme is promoted by the Government of Malaysia to allow foreigners who fulfill certain criteria, to stay in Malaysia for as long as possible on a multiple-entry social visit pass.
It is open to citizens of all countries recognised by Malaysia regardless of race, religion, gender or age. Applicants are allowed to bring their spouses and unmarried children below the age of 21 as dependants.
|Investment Amount:||US$ 120,000 (if 50 yrs old or more); US$ 170,000 (if younger than 50)|
|Status granted||Long-term stay – multiple-entry social visit pass|
|Personal Net Worth Required||None|
|Assets acquired||Fixed Deposit|
|Guarantee||Fully refundable, with interest|
|Professional Fee||US$ 20 – 35,000|
|Expected Processing time||8 weeks|
|Physical Residence requirements||None|
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