The Malaysia My Second Home (MM2H) program was introduced by the Malaysian government to promote tourism, to increase the country’s economy and to make Malaysia as a positive spot to live for potential occupants from abroad. It’s not as simple as simply purchasing a home and receiving a visa for Malaysia however!
The MM2H scheme gives a renewable ten-year maximum, multiple-entry visa for successful applicants from around the globe.
It was a scheme initially forwarded by the Ministry of Tourism and Culture. Presently channelled through the Home Affairs Ministry, MM2H represents a flagship initiative to elevate positive migration to the advantage of both Malaysia and future potential expatriates.
Interested? Who wouldn’t be! Malaysia’s food alone is contention enough to move here! So how might you do that with MM2H?
Who Is Eligible For MM2H?
MM2H program is designed to give long-term visas for residents of those nations authoritatively recognised by Malaysia, regardless of their race, religion, sexual orientation, or age.
Eligibility criteria fluctuate between Peninsular Malaysia and Sarawak, with the age limit being a notable difference.
Eligibility In Peninsular Malaysia –Below Age 50
Proof of liquid assets worth a base RM500,000
The income of at least RM10,000 per month
Keep up a fixed deposit of RM300,000 after approval
Eligibility In Peninsular Malaysia – Above Age 50
The income of at least RM10,000 per month
Retirees or pensioners must show an income of at least RM10,000 per month
Proof of liquid assets worth a base RM350,000
Liquid assets can also include cash in the bank, bonds, and securities
All candidates in Peninsular Malaysia must be supported by a Malaysian citizen, or apply for the MM2H visa through a registered agency.
A sponsor, or registered agent, must place a Personal Bond of up to RM2,000 to support the applicant’s application.
Eligibility In Sarawak
MM2h Applicants must be 50 years or above 50 years
MM2h Applicants above the age of 30 or 30 years may apply with evidence of a child undertaking long-term study or medical care within Sarawak
For married couples, income should be at least RM10,000 per month
For single/ un-married couples, income should be at least RM7,000 per month
OR Married couples, maintain a fixed deposit account of RM150,000
OR single/ un-married couples, maintain a fixed deposit account of RM100,000
All candidates applying for MM2H program in Sarawak must be supported by a Malaysian citizen originating from Sarawak, or a Sarawak Permanent Resident.
No registered agents or mediator are allowed to play out this rule. you just have to make local friends!
If you’re looking to discover your retirement / future life in Malaysia, here’s a handy guide on buying a property in Malaysia as either as a resident or a foreigner.
Apply MM2H is an officially licensed company based in Kuala Lumpur under the Ministry of Tourism Malaysia since 2008.
