Malaysia My Second Home (MM2H)
Why consider Malaysia My Second Home (MM2H)?
Overview
Malaysia offers an exceptional quality of life, making it an ideal destination for those looking to establish a second home. The Malaysia My Second Home (MM2H) program provides numerous benefits for foreign investors and retirees.
Description
Malaysia is a premier destination for a second home, known for its strategic location, warm climate, and welcoming community. The MM2H program allows long-term residency with up to 20-year renewable visa, making it easy to enjoy the country’s diverse attractions. With an affordable cost of living, high-quality healthcare, excellent international schools, and modern infrastructure, Malaysia caters to diverse lifestyles. Its rich cultural heritage, safety, and friendly atmosphere make it a home away from home for many expatriates. GSKL Property ensures a smooth transition, helping you fully embrace all that Malaysia has to offer.
Long-Term Visa
Enjoy a renewable up to 20-year visa, offering stability and the flexibility to live, travel, and invest in Malaysia.
Tax Benefits
Benefit from tax exemptions on overseas income and favorable rates on local income, resulting in significant financial savings.
Property Ownership
MM2H holder can purchase any unit of residential houses at a min price from RM 600,000 depending on which package you are apply and the property location.
Quality of Life
Experience excellent healthcare, international schools, and modern amenities in a diverse, affordable, and safe environment.
Who is eligible to apply Malaysia My Second Home (MM2H)?
- Age minimum at 25 years old & above.
- The MM2H program is open to all foreigners from any country recognized by Malaysia, regardless of race, religion, or gender.
- Applicants can include their spouse, children (under 21 years old and unmarried), parents and parents in law in their application.
- Visa is valid up to 20 years and renewable.
Basic Requirements:
- Financial Criteria:
- Silver Category:
- Application fee: RM1,000
- A fixed deposit of USD 150,000 must be placed in a Malaysian bank. Moreover, applicants can withdraw up to 50% of the fixed deposit after one year if they use for buying property, medical, education and local tourism.
- Gold Category:
- Application fee: RM3,000
- A fixed deposit of USD 500,000 must be placed in a Malaysian bank. Moreover, applicants can withdraw up to 50% of the fixed deposit after one year if they use for buying property, medical, education and local tourism.
- Platinum Category:
- Application fee: RM200,000
- A fixed deposit of USD 1,000,000 must be placed in a Malaysian bank. Moreover, applicants can withdraw up to 50% of the fixed deposit after one year if they use for buying property, medical, education and local tourism.
- Silver Category:
- Medical Insurance:
- Applicants and their dependents must possess a valid medical insurance policy from any insurance company that is applicable in Malaysia.
- Medical Report:
- A medical report from a recognized hospital or clinic in Malaysia is required for all applicants and their dependents.
- Security Bond:
- A personal bond must be signed, and a security bond fee must be paid. The amount varies depending on the applicant’s nationality.
Summary
| Package | Silver | Gold | Platinum |
|---|---|---|---|
| Fixed Deposit | USD 150,000 | USD 500,000 | USD 1,000,000 |
| Application Fee | RM1,000 | RM3,000 | RM200,000 |
| Family Member | Spouse, Children (Below 21 year years old and unmarried), parents and parents in law | ||
| Property Value | RM600,000 and above | RM1 mil and above | RM2 mil and above |
| Foreigner Helper | Not Allowed | Not Allowed | Allowed |
| Visa Validity | 5 Years | 15 Years | 20 Years |
| Renewal Fee | RM1,500 | RM3,000 | RM5,000 |
How to apply Malaysia My Second Home (MM2H)?
Moving to Malaysia has become one of the common choices for foreigners when it comes to immigration. Malaysia has developed friendly and welcoming infrastructures for international citizens to move into the country. There are 2 ways for people who want to move to Malaysia to apply for MM2H:
So, what are the differences between these two?
Direct application can be more complicated and time-consuming for the applicants as they will need to run the entire process themselves. Whereas, the assisted application is to appoint an MM2H licensed agent to run the whole process for you.
Frequently Asked Questions
As of the year 2024, the MM2H program may have undergone revisions to its policies or requirements. It’s important to refer to the latest updates released by the Immigration Department of Malaysia or the official MM2H website for the most current information.
Requirement: Current proof of 3 month offshore income RM10,000 and above. *The minimum monthly income requirement for the MM2H program has been historically set to a certain threshold, subject to updates. The actual figure can fluctuate, so it is advisable to check the official guidelines for the current year’s requirement.
Yes, a non-Malaysian individual can apply for the MM2H program and, upon approval, can reside in Malaysia. The program typically grants a long-term multiple-entry visa, which was renewable in 5 years, but you should verify the current duration as it may vary with new regulations.
For the most accurate and current information regarding the MM2H program, you should visit the official MM2H portal or the website of the Immigration Department of Malaysia.
Participants may encounter difficulties in understanding the financial criteria or experience challenges during the documentation and application process. Changes to policy and requirements can also pose a hurdle, so staying informed about the latest regulations is crucial.
Let us know if you
need assistance.
Contact us for more information on the MM2H program. Our team of experts is ready to assist you with any enquiries or application processes. Click the button below to get started and take the first step towards your new life in Malaysia.