MM2H Malaysia Programme: Your Second Home in Malaysia

2024-12-04

The Malaysia My Second Home (MM2H) programme has undergone a transformative overhaul, introducing three distinct categories to provide a spectrum of options for individuals seeking a new home in Malaysia.

The enhancements aim to simplify the application process and cater to a diverse range of preferences. Let's go into the details of each category and explore the opportunities they present.

Table of Content

1. MM2H Visa Requirements

2. MM2H Application Eligibility

3. MM2H Application Process

4. Alternatives of MM2H Program

1. MM2H Visa Requirements

Before delving into specific requirements, here are the key eligibility criteria applicants must meet:

Liquid Assets	Minimum of RM1,500,000
Offshore Monthly Income	Minimum of RM40,000
Fixed Deposit	Minimum of RM1,000,000 in a Malaysian bank account
Pension Requirement (For applicants who aged above 50)	Retired applicants must provide evidence of a monthly pension income of at least RM10,000.

2. MM2H Application Eligibility

The Malaysia My Second Home (MM2H) program was revamped in June 2024, with a simplified application process and three new tiers.

(a) Basic Application Requirements

The following application requirements apply to all tiers of applicants.

Minimum Age of Applicant	25 years old and above
Target Applicant	Citizens of countries that have official diplomatic ties with Malaysia
Duration of Residence	Reside in Malaysia for a minimum of 90 days annually (cumulative)
Medical Benefit	Eligible for extended medical care in Malaysia
Education Benefit	Dependents of MM2H visa holders can enroll in any Malaysian university recognized by the government.
Tax Exemptions	Yes, provided the applicant deposits a specified amount of funds in a Malaysian financial institution.
Transfer of MM2H Pass	Transfer to appointed relative upon the principal’s death
Eligible Family Members	Spouse Biological children, stepchildren, and adopted children (under the age of 21) Children with disabilities (No age limit, medical certificate required) Biological or adopted children, stepsons, and stepdaughters (aged 21-34) who are not employed or married in Malaysia Parents/father-in-law
Permanent Resident Status	None

(b) Tier Eligibility Requirements

There are three tiers in the latest MM2H long-term residency program: Silver, Gold, and Platinum. Each tier has distinct eligibility criteria.

Let's have a look on the requirements for each tier!

Criteria	Silver	Gold	Platinum
Fixed Deposit	Place a fixed deposit of at least RM150,000 in a specified bank.	Place a fixed deposit of at least RM500,000 in a specified bank.	Place a fixed deposit of at least RM1,000,000 in a specified bank.
Property Value Limit	RM60,000 and above	RM100,000 and above	RM2,000,000 and above
Application Fee	RM1,000	RM3,000	RM200,000
MM2H Pass Validity	5 Years	15 Years	20 Years
Engaged in business/investment activities and work in Malaysia	No	No	Yes
Renewal Fee	RM1,500	RM3,000	RM5,000

3. MM2H Application Process

Step 1: Prepare Necessary Documents

Before submitting your application, confirm that you meet the program's financial and age criteria. Prepare all required documents, such as:

Proof of income (e.g., bank statements, salary slips, or pension details).

Copies of your passport.

Medical check-up reports.

Background checks (if applicable)

Step 2: Submit Application

You may submit your completed application through a recognized MM2H agency or directly via the official government website.

Your application will go through multiple stages of review, which include:

Document verification.

Background checks.

A possible interview with Immigration Department officials.

Step 3: Wait for approval

Your submission will be reviewed by the Ministry of Tourism and Immigration.

Typical processing time for applications: 60-90 days

The processing time is depending on the complexity of your application and the time required for document verification.

Step 4: Fulfill Financial Requirements

Once you have received your conditional approval letter, you may need to complete the followings to fulfil MM2H program's requirement:

Open a fixed deposit account in a Malaysian bank

Provide proof of offshore income

After your financial standing is verified, you can proceed with further steps, such as purchasing property.

Step 5: Receive Visa

After meeting all the criteria, you may:

Submit the required visa issuance fees

Undergo biometric processing

Collect your MM2H visa, a 10-year renewable multiple-entry social visit pass.

By following these steps, applicants can successfully transition into their new life in Malaysia under the MM2H program.

4. Alternatives of MM2H Program

If you find yourself not qualifying for the MM2H program or wish to explore other options, here are some alternative programs in Malaysia:

Employment Pass: For those seeking full-time employment in Malaysia.

Investor Visa: For those planning to start a business or invest in Malaysian ventures.

Malaysia Residency: For those who wish to obtain permanent residency through other legal channels.

The program welcomes applicants from all corners of the globe, emphasizing inclusivity and a warm invitation to make Malaysia a second home.

Whether aspiring for exclusive privileges or a more accessible entry, the latest MM2H program now offers tailored options, promising a vibrant and enriching life in the heart of Southeast Asia.

Begin your property investment journey in Malaysia or your preferred country by contacting our trained professionals and enquire now!