The Malaysian Reserve

Property purchase does not guarantee automatic residency for foreigners

On properties purchased by foreigners, the PMO said irrespective of nationality, Malaysia imposes certain conditions and information on these existing conditions is publicly available (Pic:TMRpic)

By TMR

Malaysia welcomes all tourists including from China and there are no restrictions imposed on foreign tourists as long as they meet all the necessary immigration requirements imposed by the Malaysian authorities, said the Prime Minister’s Office (PMO).

In a statement issued yesterday, the PMO said in the case of China, its tourists are given a single-entry, 30-day visa to the country.

“In 2017, Malaysia attracted some 2.3 million Chinese tourists and is looking to attract up to 10 million in the coming years.”

On properties purchased by foreigners, the PMO said irrespective of nationality, Malaysia imposes certain conditions and information on these existing conditions is publicly available.

“Purchase of properties, however, does not guarantee automatic residency in the country.

“For foreigners wishing to make Malaysia their permanent residence, there is a government programme called Malaysia My Second Home (MM2H).”

Conditions are clearly spelt out for those interested and information on MM2H is also publicly available.

In welcoming foreign direct investments (FDIs) to Malaysia, the government reiterates that it welcomes FDIs that contribute to the transfer of technology, provide employment for locals and the setting up of industries. — TMR