Malaysia My Second Home Program is a program introduced and supported by Malaysia government to allow people from all over the world who fulfill certain criteria, to stay in Malaysia for a period of ten (10) years (depending on the validity of the applicants’ passport) and is renewable. It is open to citizens of all countries recognized by Malaysia regardless of race, religion, gender or age. Applicants are allowed to bring their spouses and unmarried children below the age of 21 and parents as dependents.
The MM2H visa permit is now attracting foreign citizens to Malaysia not only to stay but also to use it as a base from which:
1. To conduct business overseas
2. For their children’s education
3. To retire or semi-retire
Malaysia is a land with so much to see, dos and experience. Malaysia is a heaven for natural beauty, exciting nature adventures, world class sporting events, friendly mix culture people and best of all, it offer the most diverse variety of food in region. Malaysia offers an excellent education quality and a high living standard yet one of the lowest costs of living in this region. Its strategic location supported by pro-business government policy, excellent infrastructure, easy access via air, sea or land. Malaysia is truly Asia country of mix country of mix culture living, a premier destination to make your second home.
Criteria for Malaysia My Second Home Program (MM2H) Application
1) Financial Requirement
a. MM2H Applicant aged 50 years and below, individual fixed deposit of RM300,000 (after 1 year, may withdraw RM150,000 for house purchase, medical treatment or children education)
b. MM2H Applicant aged 50 years and above, individual fixed deposit of RM150, 000 (after 1 year, may withdraw RM50, 000 for house purchase, medical treatment or children education).
c. If the MM2H applicant owned property valued above RM100,000.00, aged 50 years and above may deposit only RM100,000 and applicant aged 50 years and below RM150,000.
2) Medical Insurance
The MM2H applicant must purchase a medical insurance policy in Malaysia. MM2H applicants aged 60 years and above are exempted but a medical fitness certification is required.
Visa Validity and Benefits
a. Eligible to purchase 2 properties in Malaysia (full ownership or rent/lease)
b. Within 6 months, can either purchase a locally assembled car or bring in a car from the MM2H applicant’s home country without having to pay import duty, excise duty or sales tax.
c. MM2H applicant enjoy high fixed deposit interest income.
d. Fixed deposit interests are tax exempted (tenure above 1 year)
e. MM2H applicant may bring a maid to Malaysia (only female maid aged between 25-30 years)
f. MM2H applicant is no limitation period for staying in Malaysia
g. MM2H applicant can invest in business
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours China hotline：86-755- 36990589;