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Malaysia My Second Home:
This program is promoted to foreigners that meet a particular set of criteria, often for a period of ten years and renewable. This allows foreigners to bring their spouse, parents and children.
This permit is issued to foreigners looking for a long term social visit in Malaysia. Duration of stay is anywhere between 5 and 10 years with a multiple entry visa. However, foreigners are not allowed to work in the country.
All professional employment permits and passes should be applied for and related to local legal entities in Malaysia. These include:
• Private limited company
• Representative office
• Regional office
Private Limited Company:
The company is required to have at least two resident directors with a completely paid minimum capital of RM250,000. Additional requirements may be given such as specific licenses, additional fully paid capital, and a minimum Malaysian or Bumiputera equity depending on the number of employment passes needed and the activities of the company.
The Representative Office is owned by a foreign company approved and recognized to gather relevant information on investment opportunities in Malaysia. Included areas and activities are the manufacturing sector, Malaysian products export promotion, product research and development, and bilateral trade relations.
The Regional Office is owned by a foreign corporation and functions as the coordination center for the corporation’s affiliates, agents, and subsidiaries in Southeast Asia and the Asia Pacific. The office is responsible for specifically assigned activities by the corporation in the region where it is located and currently operates.
All applications for passes, except for the purpose of business or social visits, should be made before arriving in Malaysia. Sponsorship in Malaysia is required for all applications, with the sponsors agreeing to be responsible for the maintenance and repatriation of visitors if needed.
Besides a visa (if required), foreign nationals need to obtain a pass or permit at the point of entry to be allowed to temporarily stay in Malaysia.
The pass serves as an endorsement in the passport indicating permission to stay over an approved purpose and duration of time.