How to apply MM2H

MALAYSIA 2nd HOME PROGRAM ( MM2H)

Malaysia Second Home Program (MM2H) is a 10 years plan that similar with immigrant but actually not immigrant and you can enjoy dual nationality status without changing nationality.

MM2h Eligibility

The MM2H programme is open to all countries recognised by Malaysia but the programme has numerous requirements. These requirements include a minimum monthly income, minimum liquid assets, a fixed deposit, plus various other rules. The exclusion of foreign spouses of Malaysian citizens was removed in February 2009 and they are now allowed to apply for the MM2H visa. 

Upon Application – Financial Requirements For MM2H

Applicants are required to show they have sufficient financial resources to live in Malaysia without seeking employment or other assistance from the government.

Applicants under 50 are required to show liquid assets above RM500,000 and a monthly income of over RM10,000 (equivalent).

Applicants over 50 have to show liquid assets over RM350,000,and a monthly income over RM10,000.

Acceptable liquid assets for people over 50 include cash in the bank, bonds and securities.


Upon Approval – Fixed Deposit Requirements For MM2H

All applicants have to make a Fixed Deposit based on their age, as follows:

i) MM2H Applicants aged below 50 years old:

  • Must place a Fixed Deposit in a bank account in Malaysia of RM300,000
  • Can withdraw up to RM150,000 for the purchase of house, medical insurance or children’s education expenses after the deposit has been placed for one year
  • Applicants can use their car purchase grant to withdraw part of their Fixed Deposit after two years.
  • Must maintain a minimum balance of RM150,000 from second year onwards and throughout stay in Malaysia under this programme.


ii) MM2H Applicants aged 50 years and above:

  • Must place a Fixed Deposit in a bank account in Malaysia of RM150,000
  • Can withdraw up to RM50,000 of the fixed deposit after one year to purchase of house, medical insurance or children’s education expenses.
  • Applicants can use their car purchase grant to withdraw part of their Fixed Deposit after two years.
  • Must maintain a minimum balance of RM100,000 throughout their stay in Malaysia under this programme.


Employment/Business Investment Rules for MM2Hers

MM2H visa holders aged 50 years old and above can work for up to 20 hours a week. This is applicable to visa holders who have specialised skills in certain approved sectors. We are advised the decision on whether to approve part time work is based on the approving committee view on whether a Malaysian could do the job.MM2Hers are permitted to set up and invest in businesses in Malaysia. They will be subject to the same regulations as other foreign investors but will not be permitted to become actively involved in the day to day running of the business. If they wish to do this they must switch their visa to a work permit.

Sponsor/Security (Personal) Bond

All applicants require a Malaysian sponsor to support their application. In addition they will be required to place a Personal Bond of up to RM2000 before the visa will be issued. If the applicant uses an agent then the agent will become the sponsor and the agent is also required to place the Personal Bond for the applicant.

Insurance Coverage and Medical Report for MM2H

Applicants and their dependants must possess a medical insurance coverage from any insurance company that is valid in Malaysia. This may be waived for older applicants who are denied coverage because of their age. All applicants and their dependants are required to have a medical examination from any private hospital or registered clinic in Malaysia. Both these conditions are met after the letter of “conditional approval” is issued.

Dependents

Applicants are allowed to bring along their dependants (children below 21 years of age, step children, disabled children, and parents) under their MM2H visa. Older dependent children will have to get a separate visa. Dependants attending school in Malaysia are also required to apply for a Student Pass which allows them to continue their education in schools or Institutions of Higher Learning recognised by the government.

House Purchase

Each participant is allowed to purchase an unlimited number of residences above the minimal applicable price set for foreigners buying property in the State where they make the purchase. In most cases the minimum price is RM1,000,000 although some States, like Penang, have lower minimums for Mm2H visa holders. All purchases must be approved by the State authorities. Certain types of property cannot be purchased by foreigners e.g. those on ‘Malay Reserve’ land.


Taxes

Successful applicants are subject to Malaysian taxes on income sourced from Malaysia but income from overseas is not taxable. Even when foreign income (for example, a pension) is taxed at source by the overseas country they will stop this, once evidence is shown that the person is resident in Malaysia.


Security Vetting

Approvals are given subject to security vetting clearance conducted by the Royal Malaysian Police. Applicants will also have to show a police clearance certificate (letter of Good Conduct) from their home country to show they do not have a criminal record.


Restrictions

Successful applicants are not permitted to participate in activities that can be considered as sensitive to the local people like political or missionary activities.


Passport of Malaysia

Malaysia is a moderate country and maintains good trade relations with many countries in the world. Maybe you don’t know, the Malaysian passport is amazing!

According to the world’s only recognized passport freedom index – Heinz Visa Restriction Index, as of May 2018, Malaysian passports are visa-free in 180 countries, and passport freedom ranks 9th in more than 200 countries in the world. Second only to Singapore, Citizen Travel Freedom ranks third in Asia. (1. Singapore 2. South Korea 3. Malaysia)

The Malaysian government is now striving for Malaysian visa-free programs for the United States!

As is known to all, it is difficult to apply for a US visa, which requires the applicant to have a certain amount of savings, and also needs to show a lack of immigration tendency during the interview. Now, visa-free entry to the United States will not be a dream for Malaysians. According to the Malaysian mainstream media Straits Times, the Malaysian government is confident to join the US visa waiver program by September 2018.

At present, the visa refusal rate of Malaysian citizens applying for a US visa is 3.7%, which means that only 0.7% reduction is required. According to the current progress, it is highly probable that Malaysian citizens will enter the United States without a visa at the latest around September 2018!

At that time, for the Chinese who have applied for the identity of the second home in Malaysia, with the identity of the second home, the time and pass rate for the US visa will be greatly improved, and the visa review will gain extra points.

It seems that for who often go abroad, the Malaysian Second Home Program is really very practical.

.

Close Menu
×

Cart

Find your next apartment or home

Try to search for homestay, Kuala Lumpur, Johor Bharu

Reservation Form

  • :
  • This field is for validation purposes and should be left unchanged.
X