Have you ever been to place where you never wanted to leave? What if the friends you made during your short stay made you so feel so at home that you want to stay and work or retire to Sabah? And What if the government of that made it possible for you to stay, and offered you incentives?
There is a program in Malaysia called Malaysia My Second Home, and this applies to Sabah as well. Participants of Malaysia My Second Home Programme are provided with various incentives to make their stay more comfortable and enjoyable in Malaysia.
Making Sabah My Second Home, makes a lot of sense to people. Firstly, the exchange rates to most Developed countries work in your favor. Secondly, it is summer all year around. Read this post for more of what Sabah has to offer.
Buy A House
A participant in Malaysia My Second Home is allowed to purchase residential houses priced RM250,000 or above, depending on where you choose to stay.
A participant is allowed to bring in his/her own personal car or to purchase a locally assembled car without the need to pay import duty, excise duty and sales tax. This is a huge savings if you are going to drive or own a car here.
A participant is allowed to apply for one maid subject to the prevailing guidelines of the Immigration Department of Malaysia. A lot of Sabah homes have a live-in maid, to help with house keeping or child care. It is affordable to most households and can be a tremendous help.
Participants are allowed to bring their children who under 18 years old and single as their dependents under this program. Children who intend to continue their education in Malaysia are required to apply for a Student Pass and should be insured throughout their stay under this programme. In the case of Sabah, there is an international school based in Luyang.
Participants in this program are bound by the policies, systems and regulations of taxes of Malaysia and they do not have exemptions as granted to Diplomatic status in Malaysia. However, tax exemption is granted to pension remitted into Malaysia. Participants are required to obtain the endorsement from the Authorities in their country of origin as to the total amount of yearly pension received. A copy of this letter has to be submitted in their application.
For more infomation, visit Malaysia My Second Home