What is Malaysia My Second Home (MM2H) Program?

The Malaysia My Second Home (MM2H) program was introduced by the Malaysian government to allow non-Malaysians the opportunity to retire and live in Malaysia for an extended period.

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The Enhanced MM2H Program: Platinum, Gold, and Silver Categories Introduced

MM2H has undergone significant enhancements, now offering three distinct categories: Platinum, Gold, and Silver. 

 

These categories are designed to provide long-term residence options for foreigners in Malaysia, each requiring fixed deposits ranging from RM500,000 to RM5 million.

 

MM2H applications are open to individuals aged 30 and above. The application process is exclusively facilitated through licensed MM2H agents authorised by the Ministry of Tourism, Arts, and Culture.

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Platinum Category:

• • Financial prerequisites include a fixed deposit of RM5 million.

  • Applicants can withdraw up to 50% of the amount after a year for specific purposes such as property acquisition, healthcare, and tourism activities.

  • Residency requirement of a cumulative total of at least 60 days per year.

  • Eligible for Permanent Resident (PR) status after obtaining the Platinum pass.

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Gold Category:

• • Financial prerequisites include a fixed deposit of RM2 million.

  • Similar to Platinum, applicants can withdraw up to 50% of the deposit after a year for designated purposes.

  • Residency requirement of a cumulative total of at least 60 days per year.

  • Gold MM2H pass is valid for 15 years, with Multiple Entry Visas (MEV) granted to the principal and dependents, and it is renewable.

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Silver Category:

• • Financial prerequisites include a fixed deposit of RM500,000.

  • Withdrawal of up to 50% of the deposit is allowed after a year for specific purposes.

  • Residency requirement of a cumulative total of at least 60 days per year.

  • Silver MM2H pass is valid for five years, with Multiple Entry Visas (MEV) granted to the principal and dependents, and it is renewable.

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We kindly request you to reach out to us at penangpropertyangel@gmail.com / +6016 496 7718 so that we can connect you with the right professionals for further assistance.

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Benefits of the Malaysia My Second Home (MM2H) Visa:

• Tax-Free: No taxes on foreign remittances into Malaysia, including employment income and pensions.

• Competitive Medical Insurance: You can purchase medical insurance from Malaysian insurance companies at competitive prices.

• Tax-Free Imports: Bring in pets and used household effects without paying taxes.

• Maid Accommodation: Bring in a previously employed maid to Malaysia.

• Parental Dependents: Main applicants can bring their parents (above 60 years old) as dependents.

• Education for Children: Children with the MM2H visa can study in local private schools and colleges.

• Property Purchase: Lower minimum property purchase price for MM2H holders in Penang.

• Grandfather Clause: Renew the MM2H visa every 10 years with the same requirements used during the application.

• Enjoy Future Benefits: Benefit from new MM2H visa benefits introduced after your application.

• Long-Term Stay: No minimum days required to stay in Malaysia; you can stay immediately or even years later.

• Indefinite Stay: MM2H visa is renewable every ten years, allowing you to stay indefinitely.

• Multiple Entry Visas: Travel in and out of Malaysia as many times as you like without informing authorities.

• No Property Requirement: No obligation to buy or rent a property in Malaysia.

• Freedom of Residence: Stay anywhere you like in Malaysia (except Sabah and Sarawak) without reporting to authorities.

• Attractive for Entrepreneurs: MM2H is not just a retirement visa; young entrepreneurs can benefit too.

• Addressing Past Issues: MM2H addresses common complaints from other retirement visa programs.

• Stability and Centralised Process: MM2H offers a stable renewal process centralised in Putrajaya.

• Flexibility in Travel: No restrictions on staying in Malaysia; you can travel around as desired.

• No Property Investment Pressure: MM2H does not mandate property investment, saving you financial burden.

• No Reporting Requirements: No need to report your whereabouts or travel plans to authorities.

• English Proficiency: English is widely spoken and understood in Malaysia.

• Rule of Law: Malaysia has strict adherence to the rule of law.

• Local Treatment: MM2H holders are treated more like locals than foreigners.

• Inheritance Laws and Taxes: Inheritance laws are observed, and there are no inheritance taxes.

• Friendly Environment: Malaysians are known for their genuine friendliness.

• Property Ownership: Properties can be purchased under your own name, not through complex processes.

• Safe and Peaceful: Violence is not tolerated, and racial and religious tolerance are widely accepted.

• Modern Infrastructure: Malaysia boasts excellent infrastructure comparable to developed countries.

• Cost of Living: Enjoy a lower cost of living compared to developed nations.

 

Note: Please be aware that information, benefits, and requirements may change over time. It's advisable to check for any updates or changes with the right professionals.
 

We kindly request you to reach out to us at penangpropertyangel@gmail.com / +6016 496 7718 so that we can connect you with the right professionals for further assistance.