It’s possible to get a loan for commercial property, but the requirements and down payments are generally tougher. The scrutiny is more thorough and will highly impact the bank’s decision whether to give you a loan or not. Some items…
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Property Classified As Commercial Real Estate
Commercial real estate is any non-residential property used solely for business purposes. If the real estate makes money, is rented out, used for investments, or falls into a number of other categories other than being a private residence, it can be considered commercial…
Exemption of RPGT, Service Tax from Jan 1, 2019
The government has agreed to exempt the real property gains tax (RPGT) to individual Malaysian citizens who dispose of their properties at a consideration price of RM200,000 and below. According to a statement by Finance Minister Lim Guan Eng, the…
Apply For A Helper Under MM2H Application
Each applicant is allowed to apply for one maid subject to the prevailing guidelines of the Immigration Department of Malaysia. Application By Principal (Employer) / MM2H Agent Completed Domestic Helper’s Application Form (Available at MM2H Center) Form IM. 12 (Available…
Apply For Part Time Job Under MM2H Programme
There are two types of options available for part time jobs: Part Time Lecturer; and Part Time Job (20 Hours/Week) Part Time Lecturer Applicant Must Be Present Above 50 Years Old. Letter of Intention. Letter of Acceptance From Public /…
Payment Schedule For An Under Construction Property In Malaysia
Unlike subsale developments which involves applying for loans from different banks and property buyers evaluating the properties, buying an under construction property in Malaysia (ie, New Development, means that the development will have a Payment Schedule. The Payment Schedule is…
Different Types Of Property Loans In Malaysia
Buying a property may seem to be a daunting task, but becomes easily manageable when broken down into smaller parts. Below are the different type of loan: term loan, overdraft, flexi loan, fixed rate loans, Islamic loan, refinancing, loan for…
Is It Worth Having Mortgage Life Insurance?
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…
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…