Hey guys, here’s the follow up video to clear up all the confusion. I know you have more questions, so do drop them down here! And here’s the link for the form for your more personal questions. forms.gle/apV9QX3NYb5CDsJ8A
We had friends who had Pakistani passports and living in Malaysia and once the husband lost his job cause of the contract, his family was forced to leave.
I’m inquiring more about the eviction from Malaysia, but the short version was I was told by the family they didn’t like Pakistani passports. Had they been US or UK passports, the results would have been different.
Hi! It depends on which state or city you want to live in. You can check my video on the “top 5 cities expats chose to live in” to give you an idea. Let me know which city you like, and I’ll give you my recommendation 🙂 As for the agent 40k fees, it’s not just for the agents. It’s inclusive of all other items such as, Government Processing fee, Medical report, Social Visit visa fees, MEV visa fees, Journey performed visa fees, Health Insurance, Translation, Certification, Security bond fee, Arranging Bank account for FD, Lifetime support relating to MM2H, Education, Tax, Business and Investment advice. So you’re getting the whole package.
@@TheNazrinrazali, Thanks for your quick response. I don't think I will need all the services provided in that package. I wish the Malaysian government agency would itemize these services and only pay what is/are needed. Additionally, I doubt their ability to provide investment advice unless they are properly certified. I’m also curious about which zones or areas offer the best comfort for city living, with proximity to shops and restaurants, and whether there are any real estate developments underway.
Hi Nazrin, finally a video that clearly explains MM2H. You answered a lot of questions I had. I have few more questions, will appreciate if you can answer these as well. Will be really helpful in making the decision. 1. For the Silver tier, you said we need 1.37 mil as total cost, and about 670K for Fixed deposit & 600K for property. But later on at the end of the video, the table shows that the property must be minimum of 1 MIL. This doesn't add up. So is it like 670K for the deposit plus 1 Mil RM for property in year one itself? Please clarify. 2. Do bank pay anyvinterest on the fixed deposit? If yes, how much? Thank you very much for wonderful videos. ❤
Hi! Thank you for your kind words! Im glad you found the video helpful. To answer your questions: 1. MM2H states that the minimum purchase price for property is RM600,000 (silver tier), based on this figure the total cost came up to about RM1.37mil (includes FD and other fees). However, some states in Malaysia have set their own minimum price. For example, KL (and some other states) has a minimum price of RM1mil. (Timestamp 01:47) At (Timestamp 11:15) , this table shows the minimum prices for all tiers. Gold has a minimum property purchase price of RM1mil. 2. Yes, banks do pay out interests. As for the amount, different banks have their own rates and it varies from time to time, somewhere around 3-5% per annum. Hope this answers your question!
How about making the fixed deposit first as soon as you get accepted and then take a loan against it to purchase the property instead of forking cash upfront to buy the unit ? Is it possible?
Hi! That’s a good idea. It all depends on the banks on how much loan they want to give out. Banks here have very strict regulations. But do let me know if you managed to secure a loan using the fixed deposit!
We are a couple with 2 kids (unlike my wife I'm above 50) so for a SEZ/ SFZ will it be 32000+65000 $ (+ 100000$ puchase )? I saw that with this formula (also the silver) we won't get any business or work permission, unlike the gold and the platinium, how is that possible to live there? Thank you so much for all these informations, I subscribe !
Hi! Alright for your case, you will be the main applicant, and your wife and kids will be your dependents (total 3 dependents). For your application of the SEZ pass in Johor, the fixed deposit would be $32,000 only. Most applicants either have foreign income or pension to survive here. If you plan to open a business here, a local would need to be in the company and have majority share (51%). Or you can go for the platinum pass, where you have all the flexibility to run your own business. Hope this answers your question! And thanks for subscribing! 🙂
Are MM2H applicants allow to bring their cars (New) to Malaysia and can we drive under our foreign (Australia) licences or do we have to get malaysian licence?
Hi! Cars are totally separate from MM2H, it is under the jurisdiction of the Customs Dept. There are taxes involved, depends on the make, model, country of origin etc. As for drivers license, you can convert your current one into an international license but it is only temporary for about 90 days if I’m not mistaken. After that, you will have to take the drivers test here in Malaysia.
@@TheNazrinrazali Thanks for your reply. I was previously told that I could bring my cars and my heirlooms (antiques) duty free under MM2H. Guess the policy has changed? Will my overseas income taxed in Malaysia?
@@henryyap3198 Yes, awhile back there was allocation for only 1 car per application but it wasn't utilized much. I will have to double check on this. As for the funds brought into Malaysia it's non taxable, earning a Foreign-Sourced Income (FSI) however, may be taxed, but there are some terms to it. An MM2H specialist would be able to assist you on this. If you need more clarification on your specific needs, you can get in touch with us here, forms.gle/apV9QX3NYb5CDsJ8A
Well if you don’t plan on staying more than 5 years, you can just rent out the unit and collect good rental income. Then sell the property after 10 years with an appreciated value. The key here is to not just purchase a property, but rather to purchase a good investment property that will make you money regardless of how long your stay here would be. You can contact me thru the link in the description and I’ll see how we can work something out for you.
Yup I agree, however the 40k fees is not just for the agents. It’s inclusive of all other items such as, Government Processing fee, Medical report, Social Visit visa fees, MEV visa fees, Journey performed visa fees, Health Insurance, Translation, Certification, Security bond fee, Arranging Bank account for FD, Lifetime support relating to MM2H, Education, Tax, Business and Investment advice. So you’re getting the whole package. If you have any other questions please state them here. We’re happy to assist in any way we can.
Hi! Malaysia is Muslim country and you can practice Islam in any state/neighbourhood. Every city you go to will definitely have a centre to do hafiz. There is at least a mosque/Surau in every small town in Malaysia. You don’t have to worry :)
Hey guys, here’s the follow up video to clear up all the confusion.
I know you have more questions, so do drop them down here!
And here’s the link for the form for your more personal questions.
forms.gle/apV9QX3NYb5CDsJ8A
The SEZ zones make no sense. 440k ringitt, but no states accept that low of a purchase price? How does that work? Excellent video sir.
We had friends who had Pakistani passports and living in Malaysia and once the husband lost his job cause of the contract, his family was forced to leave.
I’m inquiring more about the eviction from Malaysia, but the short version was I was told by the family they didn’t like Pakistani passports. Had they been US or UK passports, the results would have been different.
In which zones or areas would you consider buying if you were to purchase a property? Also, the USD 10K agent's fees are exceptionally steep.
Hi! It depends on which state or city you want to live in. You can check my video on the “top 5 cities expats chose to live in” to give you an idea. Let me know which city you like, and I’ll give you my recommendation 🙂
As for the agent 40k fees, it’s not just for the agents. It’s inclusive of all other items such as,
Government Processing fee, Medical report, Social Visit visa fees, MEV visa fees, Journey performed visa fees, Health Insurance, Translation, Certification, Security bond fee, Arranging Bank account for FD, Lifetime support relating to MM2H, Education, Tax, Business and Investment advice.
So you’re getting the whole package.
@@TheNazrinrazali, Thanks for your quick response. I don't think I will need all the services provided in that package. I wish the Malaysian government agency would itemize these services and only pay what is/are needed. Additionally, I doubt their ability to provide investment advice unless they are properly certified. I’m also curious about which zones or areas offer the best comfort for city living, with proximity to shops and restaurants, and whether there are any real estate developments underway.
Hi Nazrin, finally a video that clearly explains MM2H. You answered a lot of questions I had. I have few more questions, will appreciate if you can answer these as well. Will be really helpful in making the decision.
1. For the Silver tier, you said we need 1.37 mil as total cost, and about 670K for Fixed deposit & 600K for property. But later on at the end of the video, the table shows that the property must be minimum of 1 MIL. This doesn't add up. So is it like 670K for the deposit plus 1 Mil RM for property in year one itself? Please clarify.
2. Do bank pay anyvinterest on the fixed deposit? If yes, how much?
Thank you very much for wonderful videos. ❤
Hi! Thank you for your kind words! Im glad you found the video helpful.
To answer your questions:
1. MM2H states that the minimum purchase price for property is RM600,000 (silver tier), based on this figure the total cost came up to about RM1.37mil (includes FD and other fees). However, some states in Malaysia have set their own minimum price. For example, KL (and some other states) has a minimum price of RM1mil. (Timestamp 01:47)
At (Timestamp 11:15) , this table shows the minimum prices for all tiers. Gold has a minimum property purchase price of RM1mil.
2. Yes, banks do pay out interests. As for the amount, different banks have their own rates and it varies from time to time, somewhere around 3-5% per annum.
Hope this answers your question!
@TheNazrinrazali thank you very much for your quick response. So for KL it will be about 1.7 Mil RM for the Silver tier.
@@tanmaybroachwala2137 yes you are correct!
I already have a property in Penang, bought it 10 years ago. Can I use this existing property (rather than having to buy a new one) to get MM2H visa?
Yes you can. As long as it meets the minimum requirement for the respective tier you’re going for.
Many thanks!!!
can you explain about SEZ and SFZ
Hey! Okay I will surely add to my list! Subscribe to get notified !
👍👍
Thank you for your support. Appreciate it brother 👍🏼
I m from Pakistan aged 50+ with 5 family members wants to avail MM2H plz tell me in detail
Hi! You can email me at nazrinrazali@gmail.com.
How about making the fixed deposit first as soon as you get accepted and then take a loan against it to purchase the property instead of forking cash upfront to buy the unit ? Is it possible?
Hi! That’s a good idea. It all depends on the banks on how much loan they want to give out. Banks here have very strict regulations. But do let me know if you managed to secure a loan using the fixed deposit!
Tnx for the upload
Most welcome !
We are a couple with 2 kids (unlike my wife I'm above 50) so for a SEZ/ SFZ will it be 32000+65000 $ (+ 100000$ puchase )?
I saw that with this formula (also the silver) we won't get any business or work permission, unlike the gold and the platinium, how is that possible to live there? Thank you so much for all these informations, I subscribe !
Hi! Alright for your case, you will be the main applicant, and your wife and kids will be your dependents (total 3 dependents). For your application of the SEZ pass in Johor, the fixed deposit would be $32,000 only.
Most applicants either have foreign income or pension to survive here. If you plan to open a business here, a local would need to be in the company and have majority share (51%). Or you can go for the platinum pass, where you have all the flexibility to run your own business.
Hope this answers your question! And thanks for subscribing! 🙂
@@TheNazrinrazali Thank you so much !
Can you buy two properties that sum up to 1m
Hi! It should be 1 property at a minimum price of RM1mil.
Do we need to pay agent fee again when we renew our MM2H visa?
There’s only the government renewal fee and a small agent fee to help process the documents for you.
Are MM2H applicants allow to bring their cars (New) to Malaysia and can we drive under our foreign (Australia) licences or do we have to get malaysian licence?
Hi! Cars are totally separate from MM2H, it is under the jurisdiction of the Customs Dept. There are taxes involved, depends on the make, model, country of origin etc. As for drivers license, you can convert your current one into an international license but it is only temporary for about 90 days if I’m not mistaken. After that, you will have to take the drivers test here in Malaysia.
@@TheNazrinrazali Thanks for your reply. I was previously told that I could bring my cars and my heirlooms (antiques) duty free under MM2H. Guess the policy has changed? Will my overseas income taxed in Malaysia?
@@henryyap3198 Yes, awhile back there was allocation for only 1 car per application but it wasn't utilized much. I will have to double check on this. As for the funds brought into Malaysia it's non taxable, earning a Foreign-Sourced Income (FSI) however, may be taxed, but there are some terms to it. An MM2H specialist would be able to assist you on this. If you need more clarification on your specific needs, you can get in touch with us here, forms.gle/apV9QX3NYb5CDsJ8A
hard to hear turn off background music
Hi! Thanks for the feedback! We will improve on this 🙏🏼
Are you official mm2h agent?
Hi! I’m a property consultant in KL. I work closely with official MM2H agents.
But if visa for 5 years can sell property only after 10 years how?
Well if you don’t plan on staying more than 5 years, you can just rent out the unit and collect good rental income. Then sell the property after 10 years with an appreciated value. The key here is to not just purchase a property, but rather to purchase a good investment property that will make you money regardless of how long your stay here would be.
You can contact me thru the link in the description and I’ll see how we can work something out for you.
Bullshit. Depreciating ringgit means the property may not apprciate in dollar terms and the property market has been dead since 2016.
asslamu alikum bro do u know any MM2H agent plz let me know bro
Waalaikumsalam. Fill in this form, I’ll get the MM2H agent to contact you bro
40 k fees for agent too much.
Yup I agree, however the 40k fees is not just for the agents. It’s inclusive of all other items such as,
Government Processing fee, Medical report, Social Visit visa fees, MEV visa fees, Journey performed visa fees, Health Insurance, Translation, Certification, Security bond fee, Arranging Bank account for FD, Lifetime support relating to MM2H, Education, Tax, Business and Investment advice.
So you’re getting the whole package. If you have any other questions please state them here. We’re happy to assist in any way we can.
Hello sir iam from india iam interested MM2h visa.. can u explain that!
How to contact you
Hi! You can email me at nazrinrazali@gmail.com
@TheNazrinrazali - For a practicing muslim family, with young children who want to do hifz, what's the best neighbourhood please?
Hi! Malaysia is Muslim country and you can practice Islam in any state/neighbourhood. Every city you go to will definitely have a centre to do hafiz. There is at least a mosque/Surau in every small town in Malaysia. You don’t have to worry :)