The Malaysia My Second Home (MM2H) is a programme promoted by the government of Malaysia and the Immigration Department of Malaysia, to allow foreigners to remain in Malaysia for a period of ten years.
First up: The recent announcement by the Malaysian government in Budget 2020 to bring down the value threshold for high-rise properties in urban territories from RM1 million to RM600,000.
The aim is to encourage more foreign ownership, and foreign investors in Malaysia to raise the economic status of the country.
However, as each state has the rights to set their own price threshold, it remains to be seen whether they’ll consider lowering as well, particularly Kuala Lumpur, Penang and Johor.
Now, MM2H is a Malaysia visa scheme intended to encourage positive immigration for the nation. That implies financial liquidity is a key component of guaranteeing you are eligible.
If you can’t stand to pay, you can’t bear to remain. It’s a tragic story, yet you can always welcome for a holiday instead!
There are other components of the visa which ought to be noted, however So this is what you may need to know:
Can My Partner’s Income Count?
Ongoing changes mean that a life partner’s pay can contribute towards the required RM10,000 offshore pay.
Be that as it may, the main applicant salary ought to surpass the mate by a proportion of 7:3.
Can Other Investment Salary Contribute To My RM10,000 Requirement?
Employed people must submit an application which directly references their activity job- related salary, and it can’t be encouraged by other pay sources, for example, rental contracts or investment benefits.
Can I Renew My MM2H Malaysian Visa?
Yes, you can apply for a renewal of between 5-10 years, it depends upon your passport expiry date.
Can Applicants Apply For Home Helpers/Maids?
Sure, every MM2H applicant may apply for one home-help representative, subject to migration rules.
Can I Work While On A MM2H Visa?
MM2H Candidates more than 50 years old can work part-time as long as 20 hours out of every week on a MM2H visa. This job offer must be recently enlisted and approved by the relevant offices.
We are an approved MM2H agent and can help. You don’t need to come to Malaysia to make the application for a MM2H visa. We can assist you with setting up the application, submit it on your behalf and track progress. This includes handling any inquiries raised by the government. Once it is approved, you will receive an approval letter. Apply MM2H is an officially licensed company based in Kuala Lumpur under the Ministry of Tourism Malaysia since 2008.
Know more about Malaysia My Second Home Program? Contact Us!