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WELCOME TO
www.ckten.com.my
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BACKGROUND - MM2H PROGRAMME
The "MALAYSIA
MY 2ND HOME" Programme is for people
from countries recognised by Malaysia to
stay in in this country for an indefinite period
of time based on a multiple-entry pass with visa. This multiple-entry Pass
is renewable every 10 years.
The Malaysian Government (The Ministry of Tourism)
has appointed CK-TEN (MM2H) SDN. BHD. as a licensed
agent to promote and handle applications for this Programme.
The
Programme is open to foreigners without any age limit and successful
participants are permitted to bring their spouse, children (below 18 years old) and a maid to live
here under the Programme. The participant ’s children are able to attend
any private international schools or colleges in Malaysia.
The participant can also
invest in all common classes of assets in Malaysia i.e. property, shares of
company, bonds and fixed-deposits.
However, he/she cannot
work for a salary in Malaysia.
A person
married to a Malaysian citizen cannot apply for the MM2H Programme. (He/she
has to apply for a spouse visa).
TAX-FREE CAR IMPORT
A participant is allowed to
import a car tax-free as a personal belonging from his country of origin or
purchase one here free of sales tax. In order to qualify
for the tax exemptions, he has to:
a)
Import a car
from his home country/last country of domicile within 6 months from the
approval of the Programme.
b)
Buy a locally assembled car (including foreign brands) within a year from
the approval of the Programme.
We are able to
further advise clients on car matters if there is any need.
PROPERTY
A participant is also entitled to buy properties that are
above RM 250,000 (USD 72,500) in all states of Malaysia
and above RM 350,000 (USD 101,000) in the state Sarawak.
We are able to further advise clients on property queries
related the Programme.
NEW ANNOUNCEMENT
Effective 1 July 2008, new applicants who have
purchased and owned residential property which were bought at RM1 million
and above in Malaysia are eligible to apply for exemption from placing the
full Fixed Deposit amount required of MM2H participants. They only have to
comply with the basic financial requirement of Fixed Deposit of RM
60,000. This amount cannot be withdrawn until the participants decide to
terminate their participation in MM2H Programme
Notes:
The "Malaysia My Second
Home" or the "Malaysia My 2nd Home" or "MM2H"
Program
is used interchangeably by different promoters but is the same thing.
In some countries it is also known as the "Malaysian long-stay"
Program
A "licensed agent" such as us is also known as the "authorised
agent" or "sponsor", who is licensed by the Ministry of Tourism Malaysia for
this purpose. Before 2006 we held a permit from the Immigration Department
of Malaysia.
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