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The Malaysia my second home program is sanctioned by the Malaysian government and provides several benefits to the applicant. According to www.mm2h.gov/my, in addition to filling out the MM2H application, new applicants are required to provide a resume, a copy of his or her passport, letter of conduct from his or her government, marriage certificate (if applicable), birth certificate, bank statements, certified income statements, and more. Also, applicants have to provide proof of asset levels. These asset level requirements vary upon age and other criteria established by the Malaysian government.

Many individuals looking to establish themselves in Malaysia find it difficult to handle the application process, especially when it comes to property laws for non-citizens and taxation says Amin Najafizadeh of Cabana Worldwide.

"Things can get pretty complicated when moving from one country to another," said Najafizadeh. "Keeping up with the application process, collecting the proper materials for the application, and filing the application correctly can become a daunting task. Fortunately, Cabana Worldwide can help businesses and individuals looking to enter Malaysia get established with minimal hassle and without worry. We make sure our clients are 100 percent ready to enter Malaysia, and we know how to get them a few bonuses along the way."

Through the MM2H Malaysia program, Cabana Worldwide can help clients to a 10-year long-term social visit pass, which also allows a visa holder's family into Malaysia automatically if they are below 21. Also, the applicant's spouse is admitted without question and parents are admitted as dependants as long as they are over the age of 60.

"One of the great things about MM2H is that the visa holder can bring his or her family to Malaysia with very little trouble," said Najafizadeh. "It is a great feeling to not only help our clients enter beautiful Malaysia, but to help them bring their entire family along for the incredible journey."

When starting out in Malaysia, MM2H visa holders will also benefit from considerable advantages when applying for a housing loan. Applicants can be approved for a loan up to 85 percent of the property's value, whereas non MM2H foreigners receive 60 percent. This means that non MM2H foreigners have to pay 40 percent of the property value up front, whereas MM2H visa holders pay 15 percent.

"The housing loan reductions alone are reason enough to apply for a MM2H visa," said Najafizadeh. In addition to the loan breaks, MM2H holders will not need the Foreign Investment Committee's (FIC) approval, and all property deeds are wholly registered under the foreigner's name.

MM2H visa holders are also allowed to import a vehicle within the first six months of being awarded the visa. Importing an automobile under MM2H provides exemptions from import duty, excise duty, and sales tax payments upon receiving an approved permit (AP). Applicants can also purchase a vehicle in Malaysia within the first year of receiving the MM2H visa and benefit from sales tax and excise duty exemptions.

Perhaps the biggest benefit of the MM2H program is the lack of taxation on income, notes Najafizadeh. Under this program, visa holders will not be liable to pay income tax to the Malaysian government for income received overseas.

Regulations of the MM2H program, including loan rates and tax exemptions may vary per applicant. For more information on the MM2H program, visit the Cabana Worldwide Web site at www.cabanaco.com.

Read the full story titled" Malaysia Second Home Plan Provides Passage into the Country with Bonuses.

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Cabana Worldwide

Cabana Worldwide specializes in property and business consultation, and aims to establish itself as the market leader in international business and property consultation. Due to the vast experience and resources at the disposal of our staff, the company is able to offer clients assistance in all aspects of property consultation, property management, offshore and (Sendirian Berhad) company formation, financing consultation, and the MM2H Program in Malaysia.

Cabana Worldwide strives to help its clients excel and our people respond successfully to an ever-changing business environment. We also look to remain competitive and deliver premium services to our clients. Cabana Worldwide draws on the unparalleled expertise of its staff and aims to over-deliver on results.

© 2009 Master SEO for Google and Cabana Worldwide. Authorization to post is granted, with the stipulation that Sinai Marketing and Master Google are credited as sole source. Linking to other sites from this article is strictly prohibited, with the exception of herein imbedded links.

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