Malaysia My 2nd Home “mm2h”
Dream destination for high quality lifestyle with low cost of living
Malaysia My Second Home Programme is promoted by the Government of Malaysia to welcome foreigners who fulfill certain criteria, to reside in Malaysia for as long as they wish with a 5 years renewable multiple-entry social visit pass. Apart from the main applicant, the spouse and unmarried children of the main applicant who are below 21 years old can be dependents of the main applicant under this program and granted the same class of Visa to reside in Malaysia.
The participant can invest in all common classes of assets in certain states of Malaysia, particularly freehold title properties above MYR500,000-00 rather than typical foreigner who is only allowed to invest in Condominium that is above a million Ringgit, or landed property that is above 3 million Ringgit.
MM2H holder is eligible to participate and wholly owned businesses or companies registered in the country. Or work up to 20 hours a week for participant above 50 years old subject to permission from the authority. The participant is also exempted from having to pay Malaysian income tax on any income derived from another foreign country and remitted to Malaysia. Only income generated in Malaysia is subjected to Malaysian income tax.
Minimum stay of 90 days per year requirement applies, but due to pandemic this requirement has not been enforced til date. (90 days stay requirement can be combination from all family members. For example, husband and wife of 45 days each, or husband and wife and child of 30 days each)
How to Apply
Talk to a reliable and effective Agent, to be your sponsor and Signing of Personal Bond with the Malaysian Government. The whole application process can be done even at the comfort of your home, no traveling to Malaysia is required until approval has been granted.
Contact us now via contact info at the end of page. We strive to ensure that our client meet their needs and exceed their expectations.
Requirements to app
Main applicant MUST be at least 35 years old and above.
Two basic financial status requirements are to be fulfilled to kick start your application:
Proof of liquid assets of at least RM1,500,000 (equivalent) in Banking Account / Fixed Deposit /
Time Deposit / Shares and etc. And proof of offshore income of at least RM40,000 per month / 480,000 annually. Combined Income that can be in the form of salary or remuneration drawn from
a company, rental from properties, interest from investments, and etc. And even combined income
of both husband and wife.
The essential documents to prepare are as follow:
1. Letter of application with simply self-introduction and your intention to apply (from main applicant)
2. Resume / CV (from all applicant)
3. Four (4) Coloured Passport Size Photographs with blue background (for all applicant)
4. Certified Copy of FULLSET Passport/Travel documents (for all applicant) including empty pages.
5. Certified Copy of Marriage Certificate (for application with spouse)
6. Certified Copy of Birth Certificate (for application with children)
7. Original Letter of Good Conduct (LGC) from relevant government authorities, police or foreign affairs department (from all applicant above 18 years old)
8. Original or Certified Copy of latest 3 months Bank Statements
9. Original or Certified Copy of latest 3 months of pay slip or income statement (Minimum MYR 40,000-00 combined) It can be in form of:
(a) Retirement Pension (Government Approved Fund) for retirees
(b) Fix Salary/Remuneration from a company
(d) Rental received from asset owned
(e) Any other offshore income
10. Company Letter stating current employment position, salary drawn, and years of employment.
11. Bank statement/ FD certificate/ financial statement that proof liquidated asset of MYR1.5mil.
12. Any other information or documents that can further substantiate or strengthen the application, such as membership of professional bodies, educational of skill certificates.
Compliance requirements after approval
Upon Approval:
1. Open a fixed deposit account of MYR500,000 - 5,000,000 in any bank of your choice in Malaysia. (After a period of one year, the participant can withdraw up to half the amount for approved expenses relating to house purchase, medical expenses & education for children in Malaysia.) The balance must be maintained from second year onward and throughout your stay in Malaysia under this programme.
2. MEDICAL INSURANCE purchase. All participants including their dependents must purchase a medical insurance plan that is applicable in Malaysia from any insurance company. However, exemptions may be given for participants who face difficulty in obtaining a medical insurance due to their medical condition or 65 years old and above.
3. MEDICAL REPORT. Medical check up is required for all participants (including dependents). It's required to be done only when you come in for passport endorsement, not during application.
