Foreign Buyer Information
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Everything international buyers need to know about investing in Malaysian real estate.
Foreign Buyer Information
Acquisition of Property by Foreign Interests
PROPERTY ACQUISITION BY FOREIGN INTERESTS
INTERPRETATION OF FOREIGN INTEREST (SECTION 433B KTN)
A group interest, individual interest or parties acting jointly includes;
(1) Non-Malaysian individuals and/or
(2) Permanent Resident individuals or
(3) Foreign companies or foreign institutions or/and
(4) Local companies or local institutions where the parties in items (A) and/or (B), own more than 50% of the voting rights in the local company or local institution concerned.
LAND CATEGORIES, BUILDING TYPES AND MINIMUM PRICE ALLOWED TO BE OWNED BY FOREIGN INTERESTS DIRECT PURCHASE FROM DEVELOPERS
Category | Conditions | Quota | Minimum Price |
|---|---|---|---|
Residential Building |
| RM 1,000,000 and above | |
Business/Commercial Building |
| RM 1,000,000 and above | |
Company/ Industry | Foreign interests are allowed to acquire industrial category properties as per Johor PTG Circular No. 01 of 2017. | No Limits | RM 1,000,000 and above |
PURCHASES FROM INDIVIDUALS/COMPANIES (NOT DEVELOPERS) – SUB-SALES
Category | Conditions | Minimum Price |
|---|---|---|
Residential Building |
| RM 1,000,000 and above |
Business/Commercial Building |
| RM 1,000,000 and above |
Company/ Industry | Foreign interests are allowed to acquire industrial category properties as per Johor PTG Circular No. 01 of 2017. | RM 1,000,000 and above |
Agriculture |
| RM 1,000,000 and above or an area of more than 15 acres, whichever is higher. |
TRANSFER IN RETURN OF LOVE
Permission for the acquisition of property by Foreign interests in return for love among immediate family members can be considered without taking into account the type of property and its value but is still subject to permission and an approval fee of RM 10,000 for each title.
Immediate family means individuals who are related by marriage (husband/wife) or blood (grandparents, mothers, fathers, siblings and children including stepchildren and adopted children confirmed by the National Registration Department).
PROPERTY ACQUISITION THROUGH:
PROPERTY ORDER/COURT ORDER
Foreign Interests are allowed to acquire all types of inherited properties after obtaining an Estate Distribution Order or a court order except for Land in the Malay Reserve under the Malay Reserve Enactment 1936. The approval fee of RM 10,000 is EXEMPT
FOREIGN INTERESTS ARE NOT ALLOWED TO ACQUIRE:
(1) Residential/Shop Units under the Low and Low Medium Cost categories.
(2) Residential House Units of this type are one or one and a half storeys.
(3) Shop or terrace type Shop/Office Unit with less than 3 floors.
(4) Properties allocated to the Bumiputra quota in a property development project unless clearance has been obtained from the Johor Housing Branch SUK Office.
(5) Land issued with a Sale Order by the Court or public auction. (Sec.256-260 KTN)
(6) Properties on Malay Reserve Land.
(7) Service Stall or Workshop.
(8) Agricultural land developed based on the homestead concept.
(9) Properties gazetted under the National Heritage Act 2005.
CHECKLIST WHEN SUBMITTING AN APPLICATION FOR APPLICANT/BUYER INFORMATION
(1) Copy of Passport and Identity Card
(2) If the Applicant is a company;
– M&A, Form 49 and Form 24
– Company Resolution
– Company Secretary’s Confirmation of Current Ownership Structure and Shareholding
(3) Copy of Sale and Purchase Agreement (S&P)
(4) Copy of Land Title
(5) Copy of Land Tax and Property Tax Receipt for the current year.
(6) Copy of the Estate Distribution Order/Court Order that is recognized as valid and a copy of the Death Certificate if the Application
LAND OWNER/SELLER INFORMATION
(1) Copy of Passport and Identity Card
(2) If the Seller/Owner is a company;
– M&A, Form 49 and Form 24
– Company Resolution
– Company Secretary’s Confirmation of Current Ownership Structure and Shareholding
(3) If purchasing from the Developer: Format A – To be completed by the Developer
(4) Consent Letter from interested parties (Cavette or Mortgagee)
Source: ptj.johor.gov.my
Malaysia My Second Home
NOTE:
- All document must be translate in English by Institute Language and Literature. Link http://lamanweb.dbp.gov.my/ or Embassy or Consulate General of Malaysia at abroad link https://www.kln.gov.my/web/guest/malaysian-mission.
- Certified True Copy (CTC) for of marriage certificate or birth certificate by Embassy or Consulate General of Malaysia abroad link https://www.kln.gov.my/web/guest/malaysian-mission or public notary at Malaysia.
1. Application Guidelines for Issuing of Social Visit Pass (Sticker)
CLIENT CHARTER: 1(ONE) DAY
- Applicant or representative MM2H company must be present;
- Intention letter for individual/agency representative letter for MM2H company;
- Original & copy passport participant (particular page, visa page and latest entry stamp);
- Original & copy conditional approval letter; and
- Form Imm.12 IM.12.pdf (available at website JIM) with photo (blue background) for participant.
2. Application Guidelines for Issuing of Social Visit Pass for Spouse/Children (Until 34 Years Old)
CLIENT CHARTER: 30 (THIRTY) WORKING DAYS
- Applicant or representative MM2H company must be present;
- Intention letter for individual/agency representative letter for MM2H company;
- Form Imm.12 IM.12.pdf with photo (available at website JIM) with photo (blue background) for participant.
- Original & copy of marriage certificate/birth certificate;
- Original & copy of participant and dependent passport (particulars & MM2H visa page);
- Copy of conditional approval letter;
- Original and copy of medical insurance (below 60 years old);
- Form MFII Medical Form II.pdf (medical report original-available at website JIM); and
- Personal bond Personal Bond.pdf (available at website JIM) stamped RM10.00.
3. Application Guidelines for Issuing of Social Visit Pass for Parents
CLIENT CHARTER: 30 (THIRTY) WORKING DAYS
- Applicant or representative MM2H company must be present;
- Intention letter for individual/agency representative letter for MM2H company;
- Form Imm.12 IM.12.pdf with photo (available at website JIM) with photo (blue background) for participant.
- Original and copy of birth certificate of participant;
- Original and copy of parents marriage certificate;;
- Original and copy of parents passport ;
- Copy of participant passport & MM2H visa page;
- Copy of participant conditional approval letter;
- Original and copy of medical insurance (below 60 years old);
- Form MFII Medical Form II.pdf (medical report original-available at website JIM); and
- Personal bond Personal Bond.pdf (available at website JIM) stamped RM10.00.
4. Application Guidelines for Renewal of 5 Years Social Visit Pass (Offshore Income)
CLIENT CHARTER: 30 (THIRTY) WORKING DAYS
- Applicant or representative MM2H company must be present;
- Intention letter for individual/ agency representative letter for MM2H company;
- Original & copy of applicant passport;
- Form Imm.55.pdf (available at website JIM);
- Current proof of 3 month offshore income RM10,000 and above;
- Confirmation letter from the government for pensioner;
- Original & copy of current statement account;
- Original of confirmation letter from bank;
- Original & copy of conditional approval letter;
- Original & copy of health insurance for below 60 years old; and
- Form MFI Medical Form 11 (medical report original-available at website JIM)
5. Application Guidelines for Renewal of 5 Years Social Visit Pass (Fixed Deposit)
CLIENT CHARTER: 30 (THIRTY) WORKING DAYS
- Applicant or representative MM2H company must be present;
- Intention letter for individual/ agency representative letter for MM2H company;
- Original & copy of applicant passport;
- Form Imm.55 Imm.55.pdf (available at website JIM);
- Latest account statement (fixed deposit account);
- Current statement account;
- Original of confirmation letter from bank (tagged under lien);
- Original & copy of conditional approval letter;
- Original & copy of health insurance for below 60 years old; and
- Form MFII Medical Form II.pdf (medical report original-available at website JIM);
6. Application Guidelines for Transfer of Endorsement From Old to New Passport and Extension
CLIENT CHARTER: 1 (ONE) WORKING DAYS
- Applicant or representative MM2H company must be present;
- Intention letter for individual/ agency representative letter for MM2H company;
- Copy of approval letter;
- Form IM.12.pdf with photo (available at website JIM) with photo (blue background) for participant.
- Form Imm.55.pdf (available at website JIM);
- Original & copy of old & new passport for applicant & participant.
- Applicant who is 21 years and above and holding MM2H dependant pass will not be given further extension.
7. Application Guidelines for Permission to Study
CLIENT CHARTER: 14 (FOURTEEN) WORKING DAYS
- Applicant or representative MM2H company must be present;
- Intention letter for individual/agency representative letter for MM2H company;
- Application must be below 18 years old (above 18 years old need to apply student pass );
- Copy of approval letter;
- Form student personal data Student’s Personal Data.pdf (available at website JIM);
- Original & copy of participant and applicant passport;
- Letter of acceptance from school; and
- Enrollment fee from school.
8. Application Guidelines for Permission to Part-Time Working
- Authorization Letter from the company (designation in company);
- Cover Letter explaining company activities and job justification;
- Offer Letter from the company (must mention duration of employment contract, duration of working hour and remuneration);
- Latest print out Companies Commission of Malaysia Form 9,24 & 49;
- Business licence from local authority;
- Recommendation letter from related agency (which ever related);
(i) Education – Ministry of Education;
(ii) Health – Ministry of Health;
(iii) Manufacturing – Malaysia Industrial Development Authority;
(iv) Securities – Securities Commission;
(v) Banking. Financial and insurance – Central Bank Malaysia;
- Advertisement in local newspaper/ jobstreet for the intake of local citizen;
- Completed DP10 Form;
- Participant’s resume;
- Certified copy of participant’s passport; and
- Personal income tax relief letter from Inland Revenue Board of Malaysia (LHDN)-salary above RM10,000.00.
9. Application Guidelines for New Domestic Helper
CLIENT CHARTER: 14 (FOURTEEN) WORKING DAYS
- Applicant or representative MM2H company must be present;
- Intention letter for individual/agency representative letter for MM2H company;
- Form IM.12.pdf with photo (available at website JIM) with photo (blue background) for domestic helper’s;
- Approval letter from Philippine Overseas Employment Administration (POEA) for domestic helper from Philippine only;
- Passed medical check-up (from origin country of domestic helper);
- Employment contract from origin country if the maid already working with prinsipal (non source worker);
- Personal bond Personal Bond.pdf (available at website JIM) stamped RM10.00.
- Copy of domestic helper passport;
- Copy of participant passport (particulars &MM2H visa pages);
- Employment’s contract (stamped RM10.00 at duty stamp office)Employment Contract.pdf (available at website JIM-2 original copies);
- Original & copy of SNP/tenancy agreement;
- Original & copy of utilities bill (electric/water/astro); and
- Original & copy of Marriage/birth certificate.
10. Application Guidelines for Renewal Domestic Helper
CLIENT CHARTER: 1 (ONE) DAY WORKING
- Applicant or representative MM2H company must be present;
- Intention letter for individual/ agency representative letter for MM2H company;
- Copy of approval letter;
- Form Imm.55.pdf (available at website JIM);
- FOMEMA approval (year 1/2/3 and odd years);
- Original & Copy of applicant passport particulars &MM2H visa pages; and
- Original & copy of domestic helper passport.
11. Application Guidelines for Termination of Pass
CLIENT CHARTER: 3 (THREE) WORKING DAYS
(i) IN MALAYSIA
- Applicant or representative MM2H company must be present;
- Intention letter for individual/agency representative letter for MM2H company;
- Authorize letter to withdraw fixed deposit from Immigration Department of Malaysia;
- Original passport;
- Original & copy of flight ticket; and
- Copy of Conditional Approval Letter.
(ii) TERMINATION PAS MM2H PARTICIPANTS IN ABROAD
- Applicant must be present at nearest Malaysia Embassy/High Commision;
- Intention letter for terminated pas MM2H;
- Termination letter from MM2H Centre, Immigration Department;
- Original passport (present at Malaysia Embassy/High Commision);
- Copy of conditional approval letter; and
- Latest exit endorsement/stamping cop from Malaysia
12. Application Guidelines for Prinsipal Passed Away
APPLICATION GUIDELINES FOR PRINSIPAL PASSED AWAY
CLIENT CHARTER: 3 (THREE) WORKING DAYS
- Applicant or representative MM2H company must be present;
- Intention letter for individual/agency representative letter for MM2H company;
- Copy of Fixed Deposit Certificate;
- Copy passport (Prinsipal & Dependent Nest of Kin);
- Copy of Conditional Approval Letter;
- Will/Letter of Administration; and
- Copy of Principal’s Death Certificate.
13. Checklist for Change of Prinsipal
CLIENT CHARTER: MM2H SPECIAL COMMITTEE
- Applicant or representative MM2H company must be present;
- Intention letter for individual/agency representative letter for MM2H company;
- Copy of Prinsipal’s Passport (Particular and MM2H Visa Page);
- Copy of Dependent’s Passport (Particular and MM2H Visa Page);
- Copy of Principal’s Death Certificate;
- Copy of Conditional Approval Letter;
- Certificate of Good Conduct (from country of origin);
- Copy of Fixed Deposit Certificate (if approved on Fixed Deposit);
- Copy of Confirmation Letter by the Bank (if approved on Fixed Deposit);
- Proof of latest 3 months pension on RM10,000 and above
- Form MFI Medical Form 11 (medical report original-available at website JIM);
- Form Imm.12 IM.12.pdf with photo (available at website JIM) with photo (blue background) for participant.
- Resume
- Security Bond (Based on existing payment rates by country )
GUIDELINES FOR WITHDRAWAL OF FIXED DEPOSIT
APPLICATION GUIDELINES FOR WITHDRAWAL OF FIXED DEPOSIT FOR THE EXISTING MM2H PARTICIPANTS IN MALAYSIA
CLIENT CHARTER: 3 (THREE) WORKING DAYS
1. RESIDENTIAL PURCHASE
- Applicant or representative MM2H company must be present;
- Intention letter for individual/ agency representative letter for MM2H company;
- Copy of Passport (Particular Page and visa MM2H);
- Copy of Conditional Approval Letter;
- Copy of Fixed Deposit Certificate;
- Copy of sales & purchase agreement (all pages);
- Copies of receipt of a house payment.
NOTES:
- Participant may submit a copy of the sales and purchase agreement (SPA) without the receipt of a home payment provided that the SPA is validated (Certified True Copy) by the relevant authorities.
- Participant is allowed to request partial withdraw of Residential Properties ONLY.
- Duty stamp page and signature page MUST be certified.
2. EDUCATION
- Applicant or representative MM2H company must be present;
- Intention letter for individual/ agency representative letter for MM2H company;
- Copy of Passport (Particular Page and visa MM2H);
- Copy of Conditional Approval Letter;
- Copy of Fixed Deposit Certificate;
- Copies enrollment fee from school.
3. MEDICAL EXPENSES
- Applicant or representative MM2H company must be present;
- Intention letter for individual/ agency representative letter for MM2H company;
- Copy Of Passport Particular Page;
- Copy Of MM2H Visa;
- Copy Of Conditional Approval Letter;
- Copy Of Fixed Deposit Certificate;
- *Copy proof of payment for Medical Expenses (Receipt)
NOTES:
- Participant may submit a receipt of payment for medicines purchased at Pharmacy or other related fee such as consultation, hospital admission as proof of medical expenses.
4. INTEREST
- Applicant or representative MM2H company must be present;
- Intention letter for individual/ agency representative letter for MM2H company;
- Copy of Passport (Particular Page and visa MM2H);
- Copy of Conditional Approval Letter; and
- Copy of Fixed Deposit Certificate.
5. TRANSFER OF BANK
- Applicant or representative MM2H company must be present;
- Intention letter for individual/ agency representative letter for MM2H company;
- Copy of Passport (Particular Page and visa MM2H);
- Copy of Conditional Approval Letter; and
- Copy of Fixed Deposit Certificate.
6. JOINT OR SEPARATE ACCOUNT/CHANGE TERM OR TENURE/ CHANGE BRANCH OF BANK/ CONVENTIONAL BANK
- Applicant or representative MM2H company must be present;
- Intention letter for individual/ agency representative letter for MM2H company;
- Copy of Passport (Particular Page and visa MM2H);
- Copy of Conditional Approval Letter; and
- Copy of Fixed Deposit Certificate.
GENERAL NOTES:
- MM2H participant are allowed to withdraw partial of the required Fixed Deposit starting from the second year onwards (effective from the date of MM2H Social Visit Pass endorsement in the passport) for approved expenses related to residential purchase, children’s education expenses, medical expenses as per below:
(a) RM50,000 for aged 50 years and above; and
(b) RM150,000 for aged below 50 years.
However, MM2H participant are required to maintain the balanced of Fixed Deposit until they terminate their participation from Programme as per below:
(a) RM 100,000 for aged 50 years and above; and
(b) RM 150,000 for aged below 50 years.
- Withdrawal of Fixed Deposit is on reimbursement basis and release of money will be made based on the amount requested.
- All application for withdrawal of fixed deposit is no longer permitted to be submitted by e-mail.
- Any incomplete documents will not be processed.
- Complete documents will be process within three (3) working days.
Source: www.imi.gov.my