Doorway to Your Future

Malaysia My Second Home program, also known as MM2H is a program devised by the Malaysian Government to permit foreigners to reside in Malaysia for a longer period, i.e. for up to 10 years on a multiple-entry social visit pass.

This program is open to all regardless of race, religion, gender or age. The applicant has a choice of either applying on their own or engages an agent to do so.

Requirements :

(a) Financial

1. Applicants aged below 50 years are required to show proof of liquid assets worth a minimum of RM500,000 and offshore income of RM10,000 per month. 

2. Applicants aged 50 and above may comply with the financial proof of RM350,000 in liquid assets and off shore income of RM10,000 per month. For those who have retired, they are required to show proof of receiving pension from government approved funds of RM10,000 per month.

3. New applicants who have purchased properties worth at least RM1 million qualify to place a lower fixed deposit amount upon approval.

(b) Upon Approval

1. Aged below 50 years old :-

• Open a fixed deposit account of RM300,000.

• After a period of one year, the participant can withdraw up to RM150,000 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes.

• Must maintain a minimum balance of RM150,000 from second year onwards and throughout stay in Malaysia under this program.

Approved participants who have purchased and own property which were bought at RM1 million and above in Malaysia may comply with the basic fixed deposit requirement of RM150,000 on condition that the property has been fully paid and ownership documents such as grant and land title have already been issued. This amount may not be withdrawn until the participant decides to terminate his participation in MM2H program.

2. Aged above 50 years old :-

•  Can either choose to:

  • Open a fixed deposit account of RM150,000; OR

  • Show proof of government approved pension funds of RM10,000;

• After a period of one year, participant who fulfils the fixed deposit criterion can withdraw up to RM50,000 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes.

• Participant must maintain a minimum balance of RM100,000 from the second year onwards and throughout his/her stay in Malaysia under this program.

Approved participants who have purchased and owned property which were bought at RM1 million and above in Malaysia may comply with the basic fixed deposit requirement of RM100,000, on condition that the property has been fully paid and ownership documents such as grant and land title have already been issued. This amount may not be withdrawn until the participant decides to terminate his participation in MM2H program.

(c) Medical Reports

All applicants and their dependants are required to submit a medical report from any private hospital or registered clinic in Malaysia.

(d) Medical Insurance

Approved participants and their dependants must possess valid medical insurance coverage 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 age or medical condition.

(e) Security Bond

Applicants applying directly are required to fulfill the security bond condition. Please refer to Personal Bond for rate per person by nationality, ranging from RM200 - RM2,000.

(f)  Personal Bond

Licensed companies are required to provide the personal bond for their clients who have been approved under the MM2H Program

Incentives :

(1) House purchase

Any foreigner may purchase any number of residential property in Malaysia, subject to the minimum rates established for foreigners by the different states. They start from RM500,000 per unit for most states, from 1st January 2010. Land is a state matter and it is important to check state laws before making any commitment, as the minimum purchase price is not standardised between states. 

(2) Car Purchase

Each participant is allowed to bring in his/her own personal car OR to purchase a locally-assembled car without the need to pay import duty, excise duty and sales tax.

 

An application to PURCHASE a new motorcar made or assembled in Malaysia must be forwarded to the Ministry of Finance within a period of one year from the endorsement date of Malaysia My Second Home (MM2H) social visit pass.

(3) Domestic Helper

Each applicant is allowed to apply for one maid subject to the prevailing guidelines of the Immigration Department of Malaysia.

(4) Education

Applicants are allowed to bring their children who under 21 years old and not married as their dependants under this program.

Children who intend to continue their schooling in Malaysia are required to apply for a Student Pass and should be insured throughout their stay under this program.

(5) Tax

Participants are bound by the policies, systems and regulations of taxes of this country and they do not have exemption qualifications as granted to Diplomatic Missions in Malaysia.

 

However, tax exemption is given to pension remitted into Malaysia. Participants are required to obtain the endorsement from the Authorities in their country of origin as to the total amount of yearly pension received. A copy of this letter has to be submitted in their application.

(6) Business & Investments

You can own and actively run your own business. This is subjected to existing Government policies, regulations and guidelines.

(7) Working part time

Over 50 year olds and above can work part time up to 20 hours a week. Terms apply.

List of required documents can be obtained here.