Is it worth having mortgage life insurance? Most mortgage officers recommend mortgage life insurance (either MRTA or MLTA) when buying a new home. However, before committing to an insurance policy, it helps to do as much research as you can…
Year: 2018
MRTA vs MLTA
In Malaysia, there are two types of mortgage life insurance available: -Mortgage Reducing Term Assurance (MRTA) or Mortgage Decreasing Term Assurance (MDTA); and -Mortgage Level Term Assurance (MLTA) MRTA is a life insurance plan with decreasing sum assured over time,…
Type Of Property Agencies In Malaysia
As there are different types of property and property needs, there are different types of property agencies in Malaysia. Knowing who they are will help you decide whom best to contract. These are; Exclusive Agency: When an estate agent is…
Agreement Template: Membership Agreement
A membership agreement is a contract between your business and users or customers to outline the expectations for both parties. The specifics of the agreement depend on the type of business or service you offer and how you expect users…
Permission To Study Under MM2H Programme (For Dependent Under Age Of 21 Year Old)
Applicants are allowed to bring their children who under 21 years old and not married as their dependant(s) under this programme. Please note that tertiary educational institutions (private colleges and universities), requires their students to have a Student Pass. Therefore,…
MM2H Visa Permit Requirements
Before Approval Applicants are required to comply with the following financial criteria upon successful submission of their MM2H application. Age Liquid Assets Monthly Income House Option Fixed Deposit 50+ RM350,000 RM10,000 NIL RM150,000 50- RM500,000 RM10,000 NIL RM300,000 After…
Procedure To Purchase A New Locally Assembled Vehicle Under MM2H Programme
The supporting documents needed to obtain approval for exemption of excise duty that is limited to RM150,000 for the purchase of a new locally assembled vehicle (CKD) is as follows: 1) A copy of MM2H approval letter from Immigration Department…
Procedure To Import A Pre-Owned Private Vehicle (CBU) Into Malaysia Under MM2H Programme
The supporting documents needed to obtain approval for exemption of import duty and excise duty that is limited to RM150,000 for the importation of a pre-owned private vehicle (CBU) into Malaysia is as follows: 1) A copy of MM2H approval…
Checklist For MM2H Application To Change Principal
STEP 1 TERMINATION OF PREVIOUS MM2H SOCIAL VISIT PASS OF MAIN APPLICANT 1. Letter of intent to terminate from MM2H program. 2. Principal’s death / divorce certificate. 3. Copy of principal’s passport (particular page and MM2H social visit pass page).…
Bringing In Your Pets To Malaysia
Below are the procedures that you will have to follow when you intend bringing in your pets: Please check the Veterinary Import Regulation to confirm that your pet can be brought into Malaysia at www.dvs.gov.my. Complete Application Form A to…
Staff Performance Appraisal Letter
Performance Appraisal is an evaluation of the performance of employees and to understand the abilities of a person for further growth and development. The objective of writing performance appraisal letter is to share someone’s performance with them in writing or person. ___________________________________________________________________________________ Date Name of Staff…
Tax Incentive Under MM2H Programme (Purchase Or Import A Car)
The Goverment has decided to abolish the tax incentive on the purchase of a new locally assembled vehicle or the import of a pre-owned private vehicle into Malaysia under MM2H Programme. Therefore, this tax incentive will be terminated effective from 1…
[Member] Consultancy Agreement Template (3)
A consultant contract is a legal agreement between a consultant and a client, by means of which the client buys the services of the consultant. It is a type of services agreement. A very wide range of different services may fall under the general rubric of “consultancy”. ________________________________________________________________________________________________________________ CONSULTANCY AGREEMENT…
Partnership Agreement II
A Partnership Agreement is an agreement between two or more individuals who would like to manage and operate a business together in order to make a profit. It is a relatively common business structure. This agreement can be used for a partnership, but is…
How Can Foreigners Acquire Property At A Lower Price?
Malaysia My Second Home (MM2H) programme is a programme tailored to foreigners who wish to stay in Malaysia for a long period of time (10-year visa). A large number of foreigners who used to work in Malaysia have already applied for…
Things You Need To Know Before Signing A Tenancy Agreement
Know what you’re paying for. There’s more to renting than just sending a check to your landlord once a month. Many landlords require a security deposit of one (or even two) month’s rent. Others impose an application fee for background…
Can Foreign Property Buyers Get Financing In Malaysia?
There are generally two ways for foreigners to finance the purchase of properties in Malaysia. The first way is to bring in your own money from your home country to finance the purchase. This is the most direct approach and…
Performance Contract
Performance Contracts can be used by the performer themselves, or the performer’s agency. An entertainment venue can use a Performance Contract to protect their interests in terms of scheduling acts and managing cancellations, accidents, illnesses, and other unforeseen events. Here is a sample of basic…
Sample Resignation Letter [s1037]
Sample Resignation Letter [Your Name] [Street • City • State • Zip Code] [Phone # • Fax phone # • Messages phone # • Email] [Date today] [Recipient’s name] [Company name] [Address] [Address] [Address] Dear [Recipient’s name]:…
Scope, Function And Jurisdiction Of The Tribunal For Homebuyer Claim
What is Tribunal For Homebuyer Claims? Tribunal For Homebuyer Claims (TTPR) is established under the Housing Development (Control & Licensing) Act 1966 on 1.12.2002. It is a special tribunal established to hear disputes between homebuyer and housing developer. It is…