The Malaysia My Second Home (MM2H) Program Guide

The Malaysia My Second Home (MM2H) program is a golden visa initiative that enables foreigners to reside in Malaysia on a long-term basis. With distinct categories and eligibility requirements, the program caters to different lifestyle needs, offering flexible terms for retirees, expatriates, and investors. MM2H provides a renewable visa with durations ranging from 5 to 20 years, depending on the selected category, making it an attractive choice for those seeking a Southeast Asian base.

The MM2H program combines modern living with Malaysia’s rich cultural heritage, appealing to those looking for a vibrant and diverse environment. Applicants must meet specific financial and residency requirements to demonstrate their commitment to long-term residence in the country.

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Understanding the MM2H Program

The MM2H program offers foreign nationals the opportunity to live in Malaysia under a government-backed initiative with significant benefits. The program is divided into four distinct categories: Platinum, Gold, Silver, and Special Economic/Financial Zones (SEZ/SFZ). Each category features tailored financial requirements and visa terms.

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Eligibility Criteria

The MM2H program has specific eligibility requirements based on the selected category. These include age, financial stability, and health conditions.

Age Requirements

• Platinum and Gold categories: Minimum age of 25.
• Silver and SEZ/SFZ categories: Minimum age of 21.

Financial Requirements

Applicants must demonstrate financial stability by meeting fixed deposit and property investment criteria:

• Platinum Category:
  • Fixed Deposit: USD 1 million (~MYR 4.5 million).
  • Property Purchase: Minimum MYR 2 million.
• Gold Category:
  • Fixed Deposit: USD 500,000 (~MYR 2.25 million).
  • Property Purchase: Minimum MYR 1 million.
• Silver Category:
  • Fixed Deposit: USD 150,000 (~MYR 675,000).
  • Property Purchase: Minimum MYR 600,000.
• SEZ/SFZ Category:
  • No proof of offshore income required.
  • Property Purchase: Exclusively in designated zones and directly from developers.

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Benefits of the MM2H Program

Enrollees in the MM2H program enjoy several advantages:

• Long-Term Visa: The program offers renewable visas:
  • Platinum: 20 years.
  • Gold: 15 years.
  • Silver: 10 years.
  • SEZ/SFZ: 5 years.
• Dependents: Applicants may include their spouse, unmarried children under 34, parents, and parents-in-law.
• Tax Benefits: While no direct tax exemptions are offered under the updated program, participants may benefit from Malaysia’s tax policies depending on their financial circumstances.
• Flexibility: Platinum and Gold category participants are allowed to hire domestic helpers and conduct business or work in Malaysia.

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Application Process Overview

The application process for the MM2H program involves compiling necessary documents, meeting financial and health requirements, and submitting them through an authorized MM2H agent.

Key Steps:

• Document Preparation:
  • Valid passport with at least 18 months of validity.
  • Proof of financial stability (bank statements for fixed deposit).
  • Medical report and insurance policy.
  • Letter of intent and other supporting documents.
• Submission and Processing:
  • Applications are submitted to the Immigration Department of Malaysia, often via an authorized agent.
  • Processing fees vary by category, with professional fees ranging from MYR 40,000 to MYR 70,000.
• Approval:
  • Approved applicants receive a renewable Social Visit Pass (Multiple Entry Visa).

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Living in Malaysia Under MM2H

MM2H participants experience a high quality of life, supported by Malaysia’s excellent healthcare system, diverse cultural environment, and affordable cost of living.

Residency Requirements

• Minimum Stay:
  • Applicants aged 25–49: 90 cumulative days per year.
  • Applicants aged 50 and above: No minimum stay requirement.

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Cultural Adaptation

Malaysia’s rich mix of Malay, Chinese, Indian, and indigenous cultures provides a dynamic and welcoming environment for expatriates. The affordable cost of living, combined with modern infrastructure, enhances the appeal for MM2H participants.

Healthcare

Malaysia boasts world-class healthcare services that remain affordable compared to Western standards. Participants are required to secure health insurance to ensure comprehensive coverage for their medical needs.

Education

For families with children, Malaysia offers a range of international schools with globally recognized curricula, including British, American, and International Baccalaureate programs.

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Investment and Financial Considerations

Fixed Deposits

Participants must open a fixed deposit account in Malaysia as part of the program requirements. Depending on the category, applicants may withdraw up to 50% of the deposit for approved expenses like property purchase, healthcare, and education.

Property Investment

Participants can invest in Malaysian real estate, meeting the minimum purchase thresholds for their category. Properties in SEZ/SFZ zones must be purchased directly from developers, with restrictions on selling within the first 10 years unless upgrading to a higher-value property.

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MM2H Fee Structure

Government Participation Fees:

• Platinum: MYR 200,000.
• Gold: MYR 3,000.
• Silver and SEZ/SFZ: MYR 1,000.

Professional Fees:

• Platinum: MYR 70,000.
• Gold: MYR 55,000.
• Silver and SEZ/SFZ: MYR 40,000.

Additional costs include medical insurance, medical check-ups, and immigration pass fees.

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Conclusion

The Malaysia My Second Home (MM2H) program offers a structured pathway for foreign nationals seeking long-term residence in Malaysia. With its revised categories and eligibility criteria, MM2H caters to diverse financial capabilities and lifestyle preferences, ensuring participants enjoy Malaysia’s rich culture, modern amenities, and strategic location in Southeast Asia.

To ensure a smooth and hassle-free application process, contact us, your trusted and licensed MM2H agents. We are here to guide you through every step, from understanding requirements to submitting your application successfully. Click here to get in touch with us.