Malaysia My Second Home (MM2H) Requirements And Visa Application

Malaysia My Second Home (MM2H) Requirements And Visa Application

Malaysia My Second Home (MM2H)is a multiple-entry social visit pass, and it is a long term visa. Once in 10 years, the visa or pass should be renewed. Participants can stay for as long or as short days as per their interest as there is no “minimum days to stay in Malaysia” requirement.

This program is open to all the citizens from different countries recognised by Malaysia regardless of race, religion, gender or age. The applicants are permitted to bring their life partners and unmarried children underneath the age of 21 as dependants. The visa is only issued to the children until they are 21 years old.

MM2H visa is one of the world’s longest duration social visit visa and it is comparable to a perpetual residency.

With its organized application procedure and simple to renew conditions, MM2H visa is a unique program in the world. No other program comes close to MM2H application. The long duration and multiple entry visa benefit the individuals who wish to go around Asia, be it for business or joy. You don’t need to report where you are going to remain in Malaysia and you blend in socially. You will be accepted by the nearby individuals and be a piece of their locale. MM2H visa is not a permanent residence visa yet you are qualified for apply for changeless residency after the second “10-year”. However, getting a permanent residency in Malaysia isn’t simple and the procedure will take an extremely significant time-frame. Practically, all the participants will simply renew the visa after the 10-year time frame is expected.

MM2H Program is a long term visa that permits you to remain in Malaysia for as long as you like.”
Some of the applicants make MM2H their retirement visa. Some of the younger ones make Malaysia their base where they can head out to any of the Asian nations effectively for the work and business. We have a couple of clients who are working through the web            (freelancer, consulting, entrepreneur, etc) and it is a lot less expensive to remain here than their home country. All they need is a rapid internet connection

MM2H visa holders can remain anyplace in Malaysia except Sabah and Sarawak on the island of Borneo where they have to change over to the Sabah/Sarawak version. Transformation not a simple procedure and it requires a freshMM2H visa application. Therefore, you have to choose if you need to stay in Peninsular Malaysia or Sabah/Sarawak. Sabah and Sarawak joined Malaya in 1963 to shape Malaysia. They have mentioned autonomy in certain territories and Immigration is one of the regions. Malaysians from Peninsular Malaysia need to show their personality card when they enter Sabah/Sarawak. They are allowed a 90-day tourist visa and Sabah/Sarawak reserves the right to deny them entry.

MM2H Visa Requirements

All candidates must show solid financial standings.

During the MM2H visa application stage, candidates must satisfy the base MM2H visa requirements listed in the table below. Candidates are firmly urged to exceed the minimum requirement.

 

 

Less than 50 years old

More than 50 years old

Financial strength More than RM500,000 equivalent More than RM350,000 equivalent
Monthly income More than RM10,000 equivalent More than RM10,000 equivalent

 

Income sources can include pay, rental pay, venture returns, investment returns, royalty and other types  are satisfactory. Salary must be offshore (outside Malaysia). Any income source from Malaysia is not accepted.

Financial strength must be in a type of liquid asset and it does exclude properties. As it is unimaginable to expect to list down all the financial instruments that are accepted by the Ministry of Tourism, email or call us and we can have a private conversation on the details of the financial requirements.

After the approval is obtained, candidates must fulfil the following requirements:

 

Less than 50 years old

 More than 50 years old

Fixed deposit in a bank operating in Malaysia  RM300,000 RM150,000

 

Fixed deposit must be in a Ringgit Malaysia, one-year tenure and auto-renewal account

* The government benefits are not applicable anymore now.

* Fixed deposit reduction during the application stage isn’t available

The maximum amount that can be withdrawn is listed below:

 

 

Less than 50 years old

 More than 50 years old

Initial deposit  RM300,000 RM150,000
Maximum withdrawal RM150,000 RM50,000

 

The rest of the amount  RM150,000 or RM100,000 must be maintained at the bank at all times unless the visa is dropped.

The interest rate will be the overall loan cost and candidates may utilize the interest deposited into a separate savings account.

 

 

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