MALAYSIA MY 2ND HOME
MALAYSIA MY SECOND HOME
The Malaysia My Second Home (MM2H) is a programme promoted by the Malaysia Tourism Authority and the Immigration Department of Malaysia to promote Malaysia as a positive place to live for potential residents from overseas. The social visit pass is initially for a period of 10 years, and is renewable.
Foreigners can actively run their own business, terms apply. MM2H holders can own their own business as directors without any requirement of local Malaysians, terms apply.
10 years of multi-entry social visit pass which is renewable.
Permitted to purchase unlimited number of residential properties at a minimum price of RM 1 mil (depending on location of property).
Each applicant can apply for one maid subject to the prevailing guidelines of the Immigration Department.
Children (below 21 years old and not married) with the MM2H visa are allowed to study in local private schools and colleges.
NO taxes on foreign remittances into Malaysia.
MM2H TERMS & CONDITIONS
AGE ABOVE 50 YEARS
Open a fixed deposit account of RM 150,000.
After a period of one year, participant who fulfills the fixed deposit criteria can withdraw up to RM 50,000.
Participant must maintain a minimum balance of RM 100,000 from the second year on-wards and throughout his/her stay in Malaysia under this MM2H programme.
AGE BELOW 50 YEARS
Open a fixed deposit account of RM RM 300,000.
After a period of one year, the participant can withdraw up to RM 150,000.
Must maintain a minimum balance of RM 150,000 from second year on-wards and throughout stay in Malaysia under this Malaysia My Second Home programme.