About the project

Malaysia Second Homeland Project is a policy released by the government to attract foreign capital, promote tourism and develop economy; it is with the purpose of encouraging foreigners to live in Malaysia for a longer time. After the implementation of Malaysia Second Homeland Project, many foreigner flooded in as it’s low capital requirement and relative easy processing procedure, plus a favorable welfare, a new path for the overseas investor has been opened, it is also a unique scenery of Malaysian tourism.
        
Malaysia Second Homeland project origins from a “Silver Hair Project” in 1996, it is a long time resident plan exclusive for overseas retired old people issued by Malaysian Tourism Bureau and encourage the retired old people with pension to travel and live in Malaysia for a longer time.
　　
As it’s good outcome , the government decided to change the name to “Malaysia Second Homeland Project” in 2002, it is not only apply to retired old people but also anyone who is older than 21-year-old. Second homeland Project has arouse great response since it’s implementation, the number of the applicants in 2003 equals to the total number of that from 1996 to 2002. Until end of 2009, Malaysian government has approved 32,063 applicants or families which are applicable to live in Malaysia.
       
China has been listed on top of the Top Ten Resources of Malaysian Second Homeland Project, those 4,111 cases are from costal and cold regions such as northern east of China. Other resources are countries and regions such as Bangladesh, UK, Japan and Singapore. All the countries on the TOP TEN Resources List are from Asia except UK.
      
Different from other immigration countries, Second Homeland Project promoting by Malaysian government is very convenient, no need to based in Malaysia, only this part is better than the other countries, it is a good news for those who expect to get green card and does not want to live for a long time. Other requirements for Second Homeland Project including, well let us call it advantages instead of requirements:

*No age limit and no requirement on English level, proof of capital. Ten year visa with life time extension means life time residence, free to go in and go out without visa.

*Short processing time (2-3 months) and when you are approved, you can use it right away. The documents required to submit are as simple as passport, marriage certificate and statement of income and saving A/C.

*Low requirement, you just need to deposit RMB600,000 in any banks in Malaysia on the first year, you can get back RMB300,000 on the second year, RMB300,000 is kept in your account, for those applicants older than 50-year-old, half of the amount is required.

*No “immigration prison”, you don’t need to change your identity, change your job, and stop your welfare and social relationship. You can withdraw your identity by close you’re A/C in Malaysia without loosing any money.

* One principle applicant apply for the visa for the whole family, parents older than 60-year-old can accompany, you can apply for one accompanying servant as well. Parents can accompany their children when they are studying in Malaysia.

Low housing price
In Malaysia there are houses of different price, from the normal townhouse, apartment, and independent house to high end house close to the beach, park, leisure center or downtown area. The price is low with a reasonable rising trend, Kuala Lumpur for example, the apartment with elevator located in downtown are sold between RMB15000 and RMB20000 per square meter, this is a very attractive price for our Chinese resident.

Requirements for applicants:
-Anyone younger than 50-year-old
 
       Capital requirement:
-Capital statement with the cash flow of MYR500, 000 within the latest three months, the ending balance of every month is more than MRY500, 000.
 
       Income requirement:
The principle applicant should provide the income certificate for the latest three months with a monthly income of more than MYR10, 000. No need to provide tax record. The certificate should be issued by the employer.
 
Applicants older than 50-year-old:
        Capital requirement:
-Capital certificate with a cash flow of MYR300, 000 in the latest three months, the ending balance should be more than MYR350, 000.
 
         Income requirement:
The principle applicant should provide his income certificate with a monthly income of more than MYR10, 000; Those retired applicants should provide a pension certificate with at least MYR10,000 for the latest three months. 

Any requirements on the investment after obtain the principle approval:
-Applicants younger than 50-year-old;
-A time deposit of MYR300, 000 into any banks in Malaysia;
-The applicant can withdraw MYR150, 000 after the money deposited in any bank in Malaysia for one year, it can be used to buy property, pay for the tuition of their children, pay for medical treatment. A minimum deposit of MYR150, 000 in the time deposit A/C of any banks in Malaysia is required to maintain the identity of the applicant.
Notes: For those applicants who spent MYR1 million on buying property and has got the ownership certificate of the property, he can just deposit any amount equals to MYR150,000.

Applicants older than 50-year-old:
-You can choose the above investment method or the following one:
-A time deposit of MYR150, 000 in any banks in Malaysia;
-Applicant can withdraw MYR50, 000 after one year and used for buying property, paying school or medical treatment. The time deposit should be ensured to have a balance of MYR100, 000 to maintain his or her identity.
 
Notes: For anyone who has spent more than MYR1 million on buying the property and got the ownership certificate, only MYR100,000 is required to maintain in his savings A/C in any banks in Malaysia.

What we mean MYR1 million here refers to the purchase price, it can be a mortgaged one. It should be completed before the application, any buying actions after the applicant obtain the identity will be useless, because you have to wait until you get it approved. The applicant can refund part of the investment after one year and maintain his or her identity with a relatively low savings A/C.

Application process:
The applicants will visit Malaysia ASAP after the principle application is approved; it takes about 3-4 months for the whole process.
Any individual requirement such as withdrawal of the savings should be approved by the Malaysian immigration department, in case a rejection; if the applicant wants to stop the application, you can get refund anytime you have made the decision with an advanced notification sent to the immigration department.