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Golden Visa is a program that allows individuals to obtain residency in a country by making a significant investment in that country. In Malaysia, the Golden Visa program is known as the Malaysia My Second Home (MM2H) program. This program allows foreigners to live in Malaysia on a long-term basis, with the option to renew their visa every 10 years.
There are several situations where you may need legal help in navigating the Golden Visa process in Malaysia. Some common reasons include understanding the eligibility requirements, preparing the necessary documentation, and ensuring compliance with local laws and regulations.
Key aspects of local laws that are relevant to the Golden Visa program in Malaysia include the minimum investment amount required, the eligibility criteria for applicants, and the rights and privileges granted to visa holders. It is important to be aware of these laws to avoid any legal complications during the application process.
The minimum investment amount for the MM2H program in Malaysia is RM500,000 for applicants aged 50 and above, and RM1 million for applicants below 50 years of age.
Applicants must meet certain financial requirements, such as having a minimum monthly income and fixed deposit in a Malaysian bank account. They must also have good health and a clean criminal record.
The processing time for an MM2H application typically takes around 2-3 months, although this may vary depending on the complexity of the case.
MM2H visa holders are not allowed to work in Malaysia, but they are permitted to invest in businesses or participate in volunteer activities.
Yes, the MM2H program allows applicants to bring their spouse and children under the age of 21 as dependents.
Yes, MM2H visa holders are allowed to purchase residential properties in Malaysia, subject to certain conditions.
Yes, MM2H visa holders are required to stay in Malaysia for at least 90 days each year to maintain their visa status.
After holding the MM2H visa for 5 years, applicants may be eligible to apply for permanent residency in Malaysia.
MM2H visa holders are not subject to Malaysian income tax on foreign income brought into the country.
If your MM2H application is rejected, you may appeal the decision or seek legal advice on how to proceed.
For more information on the MM2H program in Malaysia, you can visit the official website of the Malaysia My Second Home program or consult with a qualified immigration lawyer who specializes in Golden Visa applications.
If you require legal assistance with your Golden Visa application in Malaysia, it is recommended to speak with a knowledgeable immigration lawyer who can guide you through the process and ensure a smooth application process. Be sure to gather all relevant documentation and information before seeking legal advice to expedite the process.
