At Sterling Migration, we are experts in the niche area of immigration by investment for Malaysia. Our team strive to provide the most suitable investment opportunities to meet our clients needs to ensure they can secure residency under the current Malaysian immigration laws supporting Investments For Malaysia from Foreign investors.
Second Citizenship and residency by investment in Malaysia is no longer the preserve of the few. Migration Investment programmes are now the fastest growing area of immigration law globally as people come to realise residency and a second citizenship is not just desirable but, a vital part of any effective global freedom, privacy and security strategy.
The MM2H program requires applicants to meet specific criteria, and in exchange, applicants and their dependents are granted a 10-year multiple-entry visa. This is a residence permit, enabling the successful applicant and their family to live in Malaysia.
Applicants must demonstrate the capability to financially support themselves in Malaysia without seeking employment or government assistance. The financial requirements are as follows:
Once an applicant receives a conditional approval letter, they must meet the following requirements:
The Ministry of Tourism and Culture is responsible for processing all applicants. The Immigration Unit will issue a conditional approval letter to each approved applicant.
Upon receiving the conditional approval letter, the applicant needs to travel to Malaysia and fulfil the remaining requirements:
After submitting the fixed deposit certificate, the medical insurance policy and the medical report, the applicant may collect their MM2H visa.
It is important to note that the visa does not allow the holder to work in Malaysia, and it does not lead to permanent residence.
Malaysia uses a territorial taxation system. Residents are only taxed on Malaysian sourced income, and the progressive tax rate on chargeable income reaches a maximum of 24%.
A 20% capital gains tax is levied on the real estate belonging to non-citizens if the property is disposed of within four years of the purchase date.
The standard rate of GST is 6%.
Malaysia has an extensive network of double tax agreements with other countries, which means a resident of Malaysia may be able to claim a tax refund on foreign income taxed in overseas countries.
Trust that is created for the benefit of one or more ascertainable beneficiaries.
For a single parent who is divorced or widow
You are the only person your child depends on financially. You are worried that when you pass away, your children’s education, maintenance & healthcare is not taken care of because there’s no one to take care of their welfare.
For a child with special needs (down syndrome, disabled etc.)
Planning for your child is never easy, especially when you are not around. It is even more difficult if your child is a unique child or disabled, or suffering from a major illness. How can you ensure that your child will be cared for when you are not around?
When planning, you may wish to consider the few points below:-
For singles who have to depend on themselves during old age or for those whose children are staying overseas or you do not want your assets to be mismanaged by your spendthrift beneficiaries.
For a couple that bought insurance policies but nominated each other as beneficiaries. What if both husband and wife pass away in a shared tragedy? An insurance trust can help distribute income to your young children.
As parents, you, too, would protect your children. For example, you may purchase insurance so that in case something happens to you while they are young, there will at least be cash to provide for their needs. If you have taken insurance, chances are, you may think that you have done enough in providing security to your loved ones by nominating them as your beneficiaries in your insurance policies. Think again.
Are your loved ones completely protected when you nominate them as beneficiaries in your insurance policies? Is that enough? You may want to consider:-
For those who want to leave a legacy for charity purposes
You wish to set aside some of your assets for charitable purposes either while you are still around or after you have passed on but need to address some questions in your mind:
For those who want to create a Trust with their investment portfolio to protect their family in case of death, total permanent disability & critical illness
For those who want to retain the property
The two types of companies that can be incorporated under the Companies Act 1965 (CA 65) are:
A company having a share capital may be incorporated as a private company (identified through the words’ Sendirian Berhad’ or ‘Sdn. Bhd.’ appearing together with the Company’s name) or public company ‘Berhad’ or ‘Bhd’ appearing together with the Company’s name).
The requirements to form a company are:
(i) A minimum of two subscribers to the shares of the Company (Section 14 CA);
(ii) A minimum of two directors (Section 122); and
(iii) A company secretary who can be either :
The director and company secretary shall have their principal or only place of residence in Malaysia.
A name search must be conducted to determine whether the Company’s proposed name is available. refer to Government Gazette No. 716 dated 30 January 1997, Gazette (Amendment) dated 11 October 2001, Guidelines For Naming A Company and Guidelines For Application Of A Company Name. the steps involved are:
(i) Completion and submission of Form 13A CA (Request For Availability Of Name) to SSM; and
(ii) Payment of an RM30.00 fee for each name applied.
Where SSM approves the proposed Company’s name, it shall be reserved for three months from the approval date.
Incorporation Documents (as further explained in Part B below) must be submitted to SSM within three months from the date of approval of the Company’s name by SSM, failure of which a new application for a name search must be made. Steps (i) and (ii) above shall have to be repeated).
An original of the Memorandum and the association’s Article shall be stamped at RM100.00. Stamps are affixed to the Inland Revenue Board’s stamp office.
*NOTE: For incorporation of a private company, the articles of association shall contain the following stipulations.
(i) Restriction on the right to transfer the Company’s shares;
(ii) Limitation on the number of members to not exceed fifty;
(iii) Prohibition to an invitation to the public to subscribe to the shares/debentures of the Company; and
(iv) Prohibition on a public invitation to deposit money with the Company.
The director or promoter declares under oath that:
This declaration states that all the requirements of the CA have been complied with. This must be signed by the company secretary named in the Memorandum and Articles of Association.
Each application for the incorporation of a company shall be accompanied with payment as per the schedule following:
|AUTHORISED SHARE CAPITAL (RM)||FEES (RM)|
|Up to 400,000||1,000|
|400,001 – 500,000||3,000|
|500,001 – 1 million||5,000|
|1,000,001 – 5 million||8,000|
|5,000,001 – 10 million||10,000|
|10,000,001 – 25 million||20,000|
|25,000,001 – 50 million||40,000|
|50,000,001 – 100 million||50,000|
|100,000,001 and above||70,000|
SSM will issue a Certificate of Incorporation upon compliance with the incorporation procedures and submission of the duly completed Incorporation Documents.
The procedures and Incorporation Documents for the incorporation of an unlimited company are the same as a company limited by shares. The only difference is that for an unlimited company, the liability of its members must be stated in the Memorandum of Association as unlimited.
Complete our online enquiry form, and one of our senior managers will arrange a confidential consultation to discuss your requirements and potential options.
At Sterling Migration, our team are highly acclaimed as ready to manage even the most complex of cases. Our thesis, however, is to keep things as simple as possible. We believe our clients must be comfortable and remain in control of their international plans throughout the process. We endeavour to protect our client’s best interests while delivering outstanding results.
If you are still in the exploratory stage of investing overseas to secure residency or second citizenship. We recommend taking a look at the Australian investor visa programme. It is now one of the world’s most popular residency by investment schemes.