No automatic residency for foreigners who purchase properties

28 August, KUALA LUMPUR – Purchase of properties by foreigners, irrespective of nationality, does not guarantee automatic residency in the country.

The Prime Minister’s Office in a statement here today stated that Malaysia imposes certain conditions with regards to property purchased by foreigners and information on these existing conditions are publicly available.

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

Malaysia welcomes all tourists including from China and there are no restrictions imposed on foreign tourists for so long as they meet all the necessary immigration requirements imposed by the Malaysian authorities, the statement said.

According to the statement, in the case of China, 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, it said.

In welcoming foreign investments to Malaysia, the government reiterates that it welcomes foreign direct investment that contributes to the transfer of technology, provides employment for locals and the setting up of industries, said the PMO.

– BERNAMA

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