Malaysia My Second Home (MM2H) – All the latest requirements starting October 2021, unless there are further changes.
MM2H provides a renewable multiple-entry visa for successful applicants from around the world.
Participant Eligibility for MM2H programme
- Participants are divided into two age categories: 35 to 49 years and 50 years and above. (So, anyone younger than 35 does not qualify)
- Participants MUST be in the country for at least 90 days (cumulative) every year.
- Participants need to have an offshore income of at least RM40,000 (US$9,617) per month.
- Paricipants must maintain a fixed deposit account of RM1 million and a maximum withdrawal of 50% from a principal amount is allowed for purposes such as property purchase, healthcare and education
- Additional RM50,000 in fixed deposit account is required per dependent
- Proof of liquid assets worth a minimum of RM1.5 million
- Subjected to a pass fee of RM500 every year
- Subject to a processing fee of RM5,000 for the main applicant and an additional RM2,500 per dependent
What does an MM2H participant get in terms of travel visa?
Participant will be eligible for a maximum of five-year visa and it’s subjected to the option of renewal for another five and so on.
What are the documents needed to apply for the MM2H Visa?
- Cover letter by the applicant
- Copy of resume (academic qualifications, work experience, skills etc)
- 3 copies of IM.12 Form (Visit Pass Application Form)
- 4 passport sized photos, taken against a blue background.
- Copy of passport / travel document
- Letter of good conduct. e.g, letter from embassy
- Self-declaration of medical condition
- Certified copy of marriage certificate (if applicant is accompanied by spouse)
- Certified copy of birth certificates (if accompanied by children or parents)
- Certified copy of bank statements including salary slips and other financial documents to show proof of income as per requirement of MM2H
MM2H participants and the property purchase decision
It’s possible to buy a high-rise property in urban areas from RM600,000 to RM1 million.
Just need to note that requirements in every state would depend on the state government. So, so check with a registered property agent on the threshold for your state of choice.
Buyers of properties in Malaysia gets the SAME RIGHTS and PROTECTIONS as a local property buyer. There are also no specific restrictions such as foreigner quota per project or being forbidden from buying freehold properties like some countries. There are also no requirements such as selling the property only to other foreigners too. So, yes, purchasing a property in Malaysia for foreigners can be considered a good decision. The only limitation would be the price threshold by state.
Who do I contact if I am interested to apply for MM2H?
This is a list of the MM2H agents, mm2h.gov.my kopiandproperty.my does not know them and is not affiliated to any MM2H agencies.
Comments from kopiandproperty.my for potential MM2H participants
Happy applying and yes, I definitely think Malaysia is a wonderful country for foreigners. We love people who love our country. So it’s easy for any foreigner to get good friends here in Malaysia. Please feel free to compare Malaysia to many often mentioned country names in some other parts of the world yeah. MM2H is a second-home programme for participants but as a home, we are second to none.
Just need to remember that most liveable and best for retirement cities are two different lists. Penang for retirement? Google for them and you will understand. Go for value yeah unless we have unlimited amount of retirement money, then go anywhere and one could still drop by Malaysia for a few weeks every year to enjoy a different place too.
Whether it’s white sandy beaches to amazing rainforests and even numerous UNESCO World Heritage Sites or you just love to shop, we have it all.
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