Laundry or Car wash & Automobile Business forMM2H

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faraidon Member

Member since 05 June 2020

faraidonMember15 June 2020 18:35:40

Dear all

i really have plan to move to Malaysia with family (I'm 47 years old married from IRAQ with two kids 16 years old son and 10 years old daughter both need go to school too) under MM2H or business VISA so here i ask experts in聽 Malaysia:
- can i open business under MM2H program if i apply, and is Laundry or Car wash & Automobile which you advice.
-how much cost if open Laundry (personal or coin laundry better) and car wash how much cost.
with these business can i life nicely with family of 4 my son will be going to college after a year

thank you

cinnamonape VIP Member

Member since 04 February 2018

cinnamonapeVIP Member16 June 2020 03:27:58

715

One of the key rules of MM2H is that you cannot work. They allow you to be an "investor" but there are all sorts of requirements that constrain anything "on the floor". It requires a Malaysian partnership...you can only collect the dividends.

There are investor and business visas but you need certain amounts of capital must hire local employees and other things...short term visa..and only in certain sectors of the economy (mainly areas that a local cannot do). I don't know much about that option.

faraidon Member

Member since 05 June 2020

faraidonMember16 June 2020 15:15:04

thank you for your informatons

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