Introduction

Malaysia My Second Home (MM2H) Program was formerly promoted by Ministry of Tourism Malaysia (MOTAC) for 20 years since 2002 to encourage foreign citizens to stay in Malaysia as their Second Home. MM2H Program is one of the most successful long stay program worldwide, managed to attract 57,478 foreigners (active).

Who can apply MM2H?

There are two categories for new MM2H application

Category A: above 50 years old
Category B: 35 – 49 years old

Principal can bring along spouse and children who are not married

Children can enjoy (5+5) years visa until 21 years old, after that annual renewal until 35 years old

Principal can bring along parents and parents-in-law on 5+5 years renewable visa

Add-on parents or parents-in-law after principal obtains MM2H approval

New MM2H program is easy to apply when you fulfill the following financial requirements

Proof liquid asset of RM1,500,000
Proof monthly offshore income above RM40,000
After MM2H approval, place a fixed deposit of RM1,000,000

IN THE SPOTLIGHT

WHY MALAYSIA?

Malaysia is internationally recognized as the Top 10 Best Place to Retire by International Living
2015-2020.

Malaysia is ranked No. 1 as the Top Choice for Long Stay amongst Japanese 2006 – 2020.

Malaysia ranks No. 1 in Best Healthcare in World category of retirement index.

MM2H Incentives and Benefits

Principal can bring along the whole family to enjoy 10 years renewable MM2H visa

Principal and spouse can enjoy 5+5 years multiple entry social visit pass.
Children can enjoy 5+5 years until 21 years old, followed by annual renewal until 34 years old.
Parents and parents-in-law can follow principal’s MM2H visa validity.

Multiple-entry to Malaysia freely with minimum stay requirement

There is a minimum stay requirements for a cumulative of 90 days for main applicant and spouse.

Primary, secondary or tertiary education is available in Malaysia

Children can enroll into international schools, private schools or universities in Malaysia.
School fees are standardized for both foreigners and local Malaysian.

Tax exemption for funds transfer into Malaysia until 2026

Tax exemption is given to personal pension, funds, income and dividends remitted into Malaysia until 2026.

Eligible to purchase freehold properties in Malaysia

MM2H holders can borrow housing loan from Malaysian banks up to 80%
MM2H holders can enjoy buying residential property at lower threshold in certain cities like Penang, Ipoh, Malacca, Genting etc.

For investors or business owners, pay tax according to Malaysian tax system (tier-basis)

Rental and business income tax (begin with 1%, max 30% provided annual income above RM2mil). Without MM2H, income tax is flat rate 30%.

Enjoy quality and affordable healthcare system in Malaysia

MM2H holders can purchase medical insurance and claim throughout medical centers/ hospitals in Malaysia.

Invest and own businesses in Malaysia

MM2H holders can register a private limited company and own 100% shareholding.

Employ one full-time maid in Malaysia

MM2H holders can employ a full-time maid from country of origin or source country.

Enjoy high standard of living at relatively low cost in Malaysia.

MM2H Financial Requirements

Category A:
Principal between 35 – 49 years old

Upon MM2H Application

Provide monthly offshore income above RM40,000 (latest 3-months salary, business income, rental income, dividends).
Liquid asset proof above RM1,500,000 (latest 3-months saving account, bonds, stocks, fixed deposit, mutual funds or property)

After MM2H Approval

Open fixed deposit placement of RM1,000,000 at any local bank in Malaysia
Add-on dependent have to add RM50,000 on fixed deposit placement.
One year later, principal can withdraw up to RM500,000 for the purchase of property, education fees or medical bills.

Category B:
Principal above 50 years old

Upon MM2H Application

Provide monthly offshore income above RM40,000 (latest 3-months pension, salary, business income, rental income, bank interest, share dividends).
Liquid asset proof above RM1,500,000 (latest 3-months saving account, bonds, stocks, fixed deposit, mutual funds or property).

After MM2H Approval

Open fixed deposit placement of RM1,000,000 at any local bank in Malaysia.
One year later, principal can withdraw up to RM500,000 for the purchase of property, education fees or medical bills.

MM2H Application Details

MM2H Application Fees

MM2H Professional Fees: RM15,000 for couple application.

Add-on dependent is RM2,000 per child

Application Procedures

Applicants will be screened and accepted on case-by-case basis

After MM2H approval, principal and dependents are required to visit Malaysia for visa endorsement.

Visa Endorsement Schedule:

2-3 days bank, medical & insurance procedures
1 -2 days visa endorsement on appointment basis
MM2H approval takes 2 to 4 months after submission to Malaysian Immigration

Payment Terms

Once accepted for MM2H, principal must make deposit payment RM3,000 and begin document preparation according to checklist.

Balance payment to be made before MM2H submission to Immigration.

Fees that are not inclusive will be payable during the progress of MM2H application.

MM2H Promotion Package

MM2H Professional Fees

Couple: RM15,000

Add-on: RM2,000 per child

Ready for Migration to Malaysia?

Contact our helpful agents today for more information about MM2H and Application Procedures