Comparison MM2H Visa and Labuan Visa
Below is the comparison MM2H Visa and Labuan Visa guide is here to assist you to make the right decision. Labuan Company is meant for entrepreneurs who like to start international business in Malaysia. The types of business can be performed under Labuan Company, please click here!
| Comparison | MM2H Visa | Labuan Visa | ||
|---|---|---|---|---|
| Both visa holders can purchase unlimited number of properties in Malaysia. | ||||
| Type of Visa | 5 years’ multiple-entry renewable Social Visa | 2 years’ multiple-entry renewable Work Visa | ||
| Dependents Visa | 5 years’ multiple-entry renewable visa for unmarried children (under age 34) and half yearly visa for parent of main applicant only | 2 years’ multiple-entry renewable visa for children (under age 21) and yearly for parents of both main applicant and spouse | ||
| Business Conduct | Strictly as investor only. Non-executive Director capacity | Can perform multiple businesses as Director and Shareholder of the Company | ||
| Requirement to Join | To show RM 1,500,000 in bank account and monthly income of RM 40,000, approval 60 to 90 days | Passport and Business Plan, approval within 60 days with low paid up capital of minimum USD 1 | ||
| After approval | To place Fixed Deposit RM 1,000,000 (for aged above 50) or RM 1,000,000 with additional RM 50,000 per dependent (for aged 35-39) in Malaysia bank, medical check-up and insurance | No Fixed Deposits, Just fly to Labuan for stamping of visa (one time only) after approval | ||
| Personal Tax | Any fees derived subject to 0-28% tax | 50% tax rebate will be available with a salary of RM10,000 to declare | ||
| Company Tax | For MM2H holder to own 100% ownership of Sdn Bhd company – 24% | Tax rate 3% | ||
| Yearly Compliance | N/A | Secretarial fee and tax filing – approx. USD 2,300 yearly (exclude Audit Fee for trading business) | ||
| Renewal of Visa Requirement | Monthly income and bank balance for the next block of 10 years for you and family | Active company with up-to-date compliance on financial and tax filing | ||
| Company Bank Act | N/A | Yes, able to open with multiple currencies | ||
| Personal Bank Act | Yes, able to open | Yes, able to open | ||
| Office Set-Up | NA | Required an enclosed room with workstation | ||
| Residential Add | Not required | Not required | ||
For complete information on Labuan Company set up, please visit www.LabuanBusiness.com (english) or www.LabuanCN.com
To know more about the 2022 MM2H Program New Changes, please visit www.migratemalaysia.com/2022-mm2h-program-new-changes/.com
Feel free to contact us at +603-2161 5096 or send us the enquiry form to better advise you to meet your objectives in Malaysia.