MALAYSIA MY SECOND HOME (MM2H)

MM2H PRORAMME

Malaysia My Second Home Program is an initiative promoted and supported by the Government of Malaysia to allow people from all over the world who fulfill certain criteria, to stay in Malaysia as long as possible on a social visit pass with a multiple entry visa. The MM2H visa permit is initially for a period of ten (10) years (depending on the validity of the applicants’ passport) and is renewable.

It is open to citizens of all countries recognized by Malaysia regardless of race, religion, gender or age. Applicants are allowed to bring their spouses and unmarried children below the age of 21 and parents as dependents.

The MM2H visa permit is now attracting foreign citizens to Malaysia not only to stay but also to use it as a base from which:

• to conduct business overseas
• to educate their children
• to retire or semi-retire

MM2H VISA PERMIT BENEFITS & INCENTIVES

Once your application is successful, there are various benefits & incentives provided as below:

MM2H Visa Permit

• 10 year Social Visit Pass with Multiple Entry will be granted
• Stay as long as you wish & leave Malaysia anytime as you please
• Renewable after 10 years

House Purchase

Each participant is allowed to purchase residential houses valued above RM1,000,000 in all states as per the new ruling from 1^st January 2014. There may be changes with individual states later but as of now the amount is the same throughout Malaysia.

Car Purchase

Each participant is allowed to bring in his/her own car (used) or purchase a new locally-assembled car without having to pay import duty, excise duty and sales tax. However, they must apply for prior approval within the 6month / 1years time period given by the Finance Ministry and Ministry of International Trade and Industry. Participants are only allowed to sell their imported/locally purchased car after 2 years' stay on the MM2H programmed by paying the prevailing duties).

Domestic Helper

Each applicant can apply for one maid subject to the prevailing guidelines of the Immigration Department.

Education

MM2H participants are allowed to bring their children who are below 21 years old and not married as their dependents.

Tax

Tax Exemption is given to remittance of offshore pension fund into Malaysia & any other foreign funds transferred into Malaysia.

Business & Investment

You can own and actively run your own business, terms apply. Generally any MM2H visa holders can own their own business as Directors without the requirement of any Local Malaysians, terms apply.

Working Part Time

Over 50 year olds can work part time, terms apply.

Other

• Import personal / household items, tax exempted
• Invest in local companies, share market & unit trusts
• Interest gained from bank fixed deposit is tax exempted
• Your parents can also join you as dependents under a renewable long term (6 monthly) visa

MM2H VISA PERMIT REQUIREMENTS

BEFORE APPROVAL

Applicants are required to comply with the following financial criteria upon successful submission of their MM2H application.

AGE	LIQUID ASSETS	MONTHLY INCOME	HOUSE OPTION	FIXED DEPOSIT
50+	RM350,000	RM10,000	NIL	RM150,000
50-	RM500,000	RM10,000	NIL	RM300,000
50+	RM350,000	RM10,000 (Full Govt Pension)	NIL	NIL
50-	RM350,000	RM10,000	RM1M+ (fully paid)	RM150,000
50+	RM350,000	RM10,000	RM1M+ (fully paid)	RM100,000

AFTER APPROVAL

Successful applicants are required to comply with the following financial Fixed Deposit placements upon receipt of the conditional approval letter from Malaysia Immigration Department. 

Aged Below 50 years old 

• Open a fixed deposit account of RM300,000.
• After a period of one year, the participant can withdraw up to RM150,000 for approved expenses relating to house purchase, education for children in Malaysia, medical purposes, rental, furniture, car purchase etc.
• Must maintain a minimum balance of RM150,000 from second year onwards and throughout stay in Malaysia under this Malaysia My Second Home programme.

 Aged 50 years and Above

• Will either:
- Open a fixed deposit account of RM150,000 OR
 - If full Government Pension of RM10,000 income is shown then no fixed deposit is required.
• After a period of one year, participant who fulfills the fixed deposit criteria can withdraw up to RM50,000 for approved expenses relating to house purchase, education for childrenin Malaysia, medical purposes, rental, furniture, car purchase etc.
• Participant must maintain a minimum balance of RM100,000 from the second year onwards and throughout his/her stay in Malaysia under this MM2H programme. 

Note:

• Successful applicants need to open their fixed deposits in Ringgit Malaysia (RM) only.
• Participants need to obtain approval from Ministry of Tourism before proceeding to withdraw the fixed deposit.
• Participants under this program may withdraw their entire fixed deposit anytime should they decide to terminate their stay in Malaysia under this program. However, they must obtain prior approval from the Ministry of Tourism.

New applicants who have purchased and owned residential property which has a PAID amount of RM1 million and above in Malaysia are eligible to apply for exemption from placing the full FD amount required of MM2H participants. They only have to comply with the basic financial requirement of FD of RM100,00 for over 50 & RM150,000 for under 50 respectively. This amount may not be withdrawn until the participants decide to terminate their participation in MM2H programme.

New applicants have to observe the following conditions:

• The purchased residential property may be a fully completed unit or one under construction. For any property purchased, applicants aged below 50 and those aged 50 and above must produce copies of payments made to developers, amounting to a minimum of RM1,000,000. This amount does not include legal fees, transfer fees, commissions and any other related payments
• The property must cost a minimum of RM1 million OR
• Several properties totalling RM1 million and above can be accumulated for this exemption
• Properties must have been bought in the last 5 years only

Medical Report

All applicants and their dependents (spouse and children) are required to submit a medical report from any private hospital / registered clinic in Malaysia after Approval.

Medical Insurance

Approved participants and dependents (spouse and children) must possess a valid medical insurance policy, which is applicable in Malaysia. If any applicants are above 59 years old then this requirement is waived. This is also required after approval.

SUBMIT YOUR DOCUMENTS FOR APPLICATION

MM2H Visa Permit  How To Apply

Step 1. Submit an Online Enquiry or Email us

• Receive our official MM2H Information Pack including details of our Company & Services.

Step 2. Submit your documents for application

      Documents required:

• Signed Instruction Letter & Terms & Conditions
• Letter of Application from main applicant
• Resume/ CV of main applicant
• 1 Set of MM2H Application Forms - for each person
• 4 Coloured Passport Size Photographs - for each person
• Certified copy of Passport/ Travel Documents (All Pages) - for each person
• Certified copy of Marriage Certificate (for Applicants with spouse)
• Certified copy(s) of Birth Certificates (for Applicants with children) 
• Certified copy(s) of latest three months bank statement or other related financial document(s) to show financial capability to support your stay in Malaysia
• At least 3 months certified copies of pay slip, pension slip or income statement
• Certified copy(s) of latest three months Bank statements showing income as deposits into a personal bank account
• Criminal Clearance Letter/Certificate from government agency - Police report from country of residence or citizenship (for main applicant only)

All copies must be certified TRUE COPIES OF ORIGINAL DOCUMENTS by EMBASSY / HIGH COMMISSION/ SOLICITOR/ JUSTICE OF PEACE/ NOTARY PUBLIC/ COMMISIONER FOR OATHS / GOVERNMENT OFFICIAL 

The processing and approval process will take 1 - 2 months from the date of submission of the application (provided the documentation is complete) 

Step 3. Approval letter issued by Immigration Department

Step 4. You arrive in Malaysia 

Step 5. We submit the supplementary documents to Immigration Department

• FD Certificate - Open a fixed deposit account with any bank of Malaysia 
• Medical Certificate - Possess a valid medical insurance in Malaysia
• Medical Report Medical check-up done with local Doctor
• We will assist and advise you in obtaining all these requirements

Step 6. Get endorsement of Malaysia My Second Home MM2H Visa Stamp in passport 

• Issuing fee of Social Visit Pass is RM90 per year
• Duration of the Pass is based on your passport validity 
• We will assist and escort you to the Immigration Department

All Done !!!

Any enquiry, please do not hesitate to call Mr Ehsan at 019-4727595 or email to;
ekhsan.bazli11@gmail.com