Written by Fatin Ismail, Syazrinie Jalil and Tan Chun Han
What is Malaysia My Second Home
Malaysia My Second Home (‘MM2H’) is a distinguished initiative endorsed by the Ministry of Tourism Malaysia, aimed at promoting Malaysia as an appealing destination for potential residents from around the globe. This program offers non-Malaysian expatriates and retirees the opportunity to reside in Malaysia, providing them with a social visit pass and a multiple-entry visa issued by the Malaysian Immigration Department. These visas are valid for five years and can be renewed thereafter, ensuring long-term residency options.
Since its inception, the program has undergone numerous improvements to enhance its accessibility and appeal. One of the key changes is the introduction of a direct application process, allowing interested individuals to apply without the need for an appointed agent. However, for those who prefer assistance, the option to apply through agents remains available. This flexibility ensures that the program caters to a wide range of preferences and needs, making it easier for potential residents to embark on their journey to make Malaysia their second home.
Benefits offered with a MM2H visa permit
Property Purchase
Participation in this program entitles you to the acquisition of a residential property. The state in which a house is located determines the minimum value of that property. However, it is strictly forbidden for participants to rent out the properties.
Tax exemptions
Participants only pay income tax on revenue derived from investments in local businesses and the local market; international income is not subject to filing a tax return in Malaysia.
Education
Participants with dependents below 21 years old are entitled to pursue studies in Malaysia without the need of obtaining a Student Visa.
Business and investments
Without the need for a Malaysian to be involved in the business, participants can register for a private limited company in Malaysia. They are also eligible to participate in local businesses, share markets, and unit trusts.
Part-time work
This program prohibits participants from working as an employee. However, participants who are over 50 are granted an exception to work part-time.
Domestic Helper
Participants may request to bring a domestic helper with them. That being said, this is contingent upon the current Immigration Department policies. The age requirement for the domestic helper is 21 years old or older, but not 45.
Requirement and Conditions of MM2H
- The MM2H program is open to any foreign individual from countries that have diplomatic relations with Malaysia;
- Aged 25 and above for all categories (Platinum, Gold and Silver);
- Application should be submitted and completed through an MM2H tour operating businesses that has been licensed by the Ministry of Tourism, Arts and Culture under the Tourism Industry Act 1992;
- All applications, both new and renewal shall be done at the One Stop Centre MM2H.
- The requirements and conditions for the MM2H program in Sarawak and Sabah differ from West Malaysia.
For more information, on the terms and regulations for each respective category in West Malaysia, read more here.
For more information, on the terms and regulations for Sarawak, read more here.
For more information, on the terms and regulations for Sabah, read more here.
Special Financial and Economic Zones
The Ministry of Tourism, Arts and Culture has also introduced special requirements for under the Special Financial and Economic Zones. The requirements are as follows:
- Applicants must be aged over 21 years;
- Fixed deposit of:
- USD65,000 (21-49 years old); and
- USD32,000 (50 years old and above)
- Application fee of RM1,000;
- Must have purchased immovable property;
- Reside in Malaysia for 90days (cumulative) annually.
For more information, on the terms and regulations in detail, read more here.
Application Procedures
1. Register and Check Eligibility:
Create an account at eMM2H.com and log in. Review the eligibility requirements, or contact MM2H customer service team to verify your eligibility.
2. Upload the Required Documents:
- Application Letter
- Resume
- IM.12 Form (Social Visit Pass)
- Passport
- Passport-sized photograph
- Letter of Good Conduct (LOGC)
- Medical Report (MF1 Form) for Applicant
- Medical Report (MF1 Form) for Dependents
- Applicant’s Liquidity Statement
- Source of Income for Applicant and Spouse
3. Processing Fee:
- Upon completion, a non-refundable RM500 MM2H processing fee must be paid. If your application is successful, an approval letter will be issued within two months
4. Final Payment:
- The applicant will then need to pay for visit passes and visa entry fees.
For more information, visit the Malaysia My Second Home portal here.
Conclusion
In summary, the MM2H program offers a unique opportunity for non-Malaysian expatriates and retirees to experience the vibrant culture and welcoming environment of Malaysia. With its flexible application process, long-term residency options, and the ability to purchase residential properties, the program is designed to cater to a diverse range of preferences and needs. By continuously improving and adapting to the needs of its participants, MM2H remains a highly attractive option for those looking to make Malaysia their second home.
First published on 6 September 2024
Republished on 17 September 2024