Comments on: FIC Regulations for Foreigners Buying Property in Malaysia http://propertymalaysia.blogsome.com/2005/08/12/fic-regulations-for-foreigners-buying-property-in-malaysia/ Investing & Buying Residential Malaysian Property Sat, 05 Jul 2008 01:27:37 +0000 http://wordpress.org/?v=1.5.1-alpha by: alkeong http://propertymalaysia.blogsome.com/2005/08/12/fic-regulations-for-foreigners-buying-property-in-malaysia/#comment-1745 Thu, 23 Mar 2006 17:07:07 +0000 http://propertymalaysia.blogsome.com/2005/08/12/fic-regulations-for-foreigners-buying-property-in-malaysia/#comment-1745 I am not sure if the mmsh programme will benefit me that much. First of all, I am not a retiree (not yet), secondly, I don´t intend to set up a business in M´sia. My purpose of buying a house is to set up a place for my mother and a holiday home for my family. I am not sure if the mmsh programme will benefit me that much. First of all, I am not a retiree (not yet), secondly, I don´t intend to set up a business in M´sia. My purpose of buying a house is to set up a place for my mother and a holiday home for my family.

]]> by: Administrator http://propertymalaysia.blogsome.com/2005/08/12/fic-regulations-for-foreigners-buying-property-in-malaysia/#comment-1706 Sat, 18 Mar 2006 22:21:52 +0000 http://propertymalaysia.blogsome.com/2005/08/12/fic-regulations-for-foreigners-buying-property-in-malaysia/#comment-1706 alkeong, as tasya mentioned in comment #1, MMSH is more targeted to retirees from other countries where they can bring their whole family to stay in the country. In your case, if you buy a house together with your mother, you need to check with the developer if you qualify for the programme or not. some of the incentives of MMSH are as follows: - You will receive a five-year Visit Pass and Multiple-Entry Visa, renewable every five years. - You can import your car or purchase a new car, tax-free and enjoy other tax incentives. - You can invest and own businesses in Malaysia. - You maintain your original citizenship and are free to travel as often as you like alkeong,

as tasya mentioned in comment #1, MMSH is more targeted to retirees from other countries where they can bring their whole family to stay in the country.

In your case, if you buy a house together with your mother, you need to check with the developer if you qualify for the programme or not.

some of the incentives of MMSH are as follows:

- You will receive a five-year Visit Pass and Multiple-Entry Visa, renewable every five years.

- You can import your car or purchase a new car, tax-free and enjoy other tax incentives.

- You can invest and own businesses in Malaysia.

- You maintain your original citizenship and are free to travel as often as you like

]]> by: alkeong http://propertymalaysia.blogsome.com/2005/08/12/fic-regulations-for-foreigners-buying-property-in-malaysia/#comment-1705 Sat, 18 Mar 2006 21:56:55 +0000 http://propertymalaysia.blogsome.com/2005/08/12/fic-regulations-for-foreigners-buying-property-in-malaysia/#comment-1705 what incentive do you mean? what incentive do you mean?

]]> by: Administrator http://propertymalaysia.blogsome.com/2005/08/12/fic-regulations-for-foreigners-buying-property-in-malaysia/#comment-1698 Sat, 18 Mar 2006 09:51:15 +0000 http://propertymalaysia.blogsome.com/2005/08/12/fic-regulations-for-foreigners-buying-property-in-malaysia/#comment-1698 the MMSH only applies to new properties bought from developers, not from individuals. if you wish to buy a new house from a developer, the MMSH gives more incentive than if you don't apply through MMSH. the MMSH only applies to new properties bought from developers, not from individuals. if you wish to buy a new house from a developer, the MMSH gives more incentive than if you don’t apply through MMSH.

]]> by: alkeong http://propertymalaysia.blogsome.com/2005/08/12/fic-regulations-for-foreigners-buying-property-in-malaysia/#comment-1692 Fri, 17 Mar 2006 18:39:06 +0000 http://propertymalaysia.blogsome.com/2005/08/12/fic-regulations-for-foreigners-buying-property-in-malaysia/#comment-1692 Does that mean that I can a property (with my mother) without any restriction (on price or what so ever)? Last year I tried to buy a condo but the seller decided to sell it to a local because of the red-tape hassle. Does that mean that I can a property (with my mother) without any restriction (on price or what so ever)? Last year I tried to buy a condo but the seller decided to sell it to a local because of the red-tape hassle.

]]> by: Administrator http://propertymalaysia.blogsome.com/2005/08/12/fic-regulations-for-foreigners-buying-property-in-malaysia/#comment-1687 Fri, 17 Mar 2006 08:04:59 +0000 http://propertymalaysia.blogsome.com/2005/08/12/fic-regulations-for-foreigners-buying-property-in-malaysia/#comment-1687 yes. yes.

]]> by: alkeong http://propertymalaysia.blogsome.com/2005/08/12/fic-regulations-for-foreigners-buying-property-in-malaysia/#comment-1685 Fri, 17 Mar 2006 00:20:14 +0000 http://propertymalaysia.blogsome.com/2005/08/12/fic-regulations-for-foreigners-buying-property-in-malaysia/#comment-1685 My mother is Malaysian and I am a foreigner. Can I buy a house with my mother without going through the MMSH-Programme. My mother is Malaysian and I am a foreigner. Can I buy a house with my mother without going through the MMSH-Programme.

]]> by: Administrator http://propertymalaysia.blogsome.com/2005/08/12/fic-regulations-for-foreigners-buying-property-in-malaysia/#comment-88 Fri, 12 Aug 2005 05:35:16 +0100 http://propertymalaysia.blogsome.com/2005/08/12/fic-regulations-for-foreigners-buying-property-in-malaysia/#comment-88 tasya, thanks for the feedback. you may want to check out this post: http://propertymalaysia.blogsome.com/2005/08/03/malaysia-my-second-home/ tasya,

thanks for the feedback. you may want to check out this post:
http://propertymalaysia.blogsome.com/2005/08/03/malaysia-my-second-home/

]]> by: tasya http://propertymalaysia.blogsome.com/2005/08/12/fic-regulations-for-foreigners-buying-property-in-malaysia/#comment-85 Fri, 12 Aug 2005 03:57:58 +0100 http://propertymalaysia.blogsome.com/2005/08/12/fic-regulations-for-foreigners-buying-property-in-malaysia/#comment-85 hi..there is also 'Malaysia My second Home Programme' esp for foreigners hi..there is also ‘Malaysia My second Home Programme’ esp for foreigners

]]> by: tasya http://propertymalaysia.blogsome.com/2005/08/12/fic-regulations-for-foreigners-buying-property-in-malaysia/#comment-83 Fri, 12 Aug 2005 03:21:26 +0100 http://propertymalaysia.blogsome.com/2005/08/12/fic-regulations-for-foreigners-buying-property-in-malaysia/#comment-83 yeah and did u know...there is a programme called The "Malaysia My Second Home Programme" replaced the "Malaysia Silver-Hair Programme” in 2002. The earlier programme targeted senior citizens aged over 50 by promoting Malaysia as a retirement destination. However, the new programme is open to individuals of all ages, and allows for dependants and one domestic helper to be included. Applicants are required to fulfil certain criteria and are generally not permitted to work in Malaysia more details http://www.mocat.gov.my keep up the good work with this blog... yeah and did u know…there is a programme called The “Malaysia My Second Home Programme” replaced the “Malaysia Silver-Hair Programme” in 2002. The earlier programme targeted senior citizens aged over 50 by promoting Malaysia as a retirement destination. However, the new programme is open to individuals of all ages, and allows for dependants and one domestic helper to be included. Applicants are required to fulfil certain criteria and are generally not permitted to work in Malaysia

more details http://www.mocat.gov.my

keep up the good work with this blog…

]]>