Malaysia My Second Home (MM2H) Visa

The Malaysia My Second Home (MM2H) Visa is a long-term visa program designed for foreign nationals who wish to reside in Malaysia on a semi-permanent or permanent basis. This visa is particularly popular among retirees and individuals who seek to enjoy Malaysia’s favorable climate, affordable cost of living, and rich cultural heritage. This visa offers multiple-entry and is renewable, making it an appealing option for retirees, entrepreneurs, and expatriates looking for a second home in Malaysia.

Program Overview

• Duration: The MM2H visa is typically issued for a period of 5 years and can be renewed indefinitely, provided the visa holder continues to meet the program requirements.
• Multiple Entry: The visa allows for multiple entries into and exits from Malaysia without any restrictions.
• Dependents: The visa holder can bring their spouse, unmarried children under 21 years old, and parents over 60 years old as dependents under this program.
• Investment Opportunities: Visa holders are allowed to invest in businesses, property, and other financial instruments in Malaysia.
• Flexible Residency: No minimum stay requirements; holders can live in Malaysia full-time or use it as a second home.

Eligibility Criteria

1. Age: The program is open to individuals aged 35 and above. Applicants aged 50 and above may have slightly different financial requirements.
2. Financial Requirements:
   • For Applicants Aged 35-49:
     • Liquid Assets: Minimum MYR 1.5 million in liquid assets.
     • Monthly Income: Minimum offshore income of MYR 40,000 per month.
   • For Applicants Aged 50 and Above:
     • Liquid Assets: Minimum MYR 1.5 million in liquid assets.
     • Monthly Income: Minimum offshore income of MYR 40,000 per month, or pension income of MYR 10,000 per month.
3. Fixed Deposit:
   • For Applicants Aged 35-49: After approval, applicants must place MYR 1 million in a fixed deposit account in Malaysia.
   • For Applicants Aged 50 and Above: After approval, applicants must place MYR 1 million in a fixed deposit account in Malaysia. However, those receiving a pension may only need to deposit MYR 500,000.
4. Medical Insurance: Applicants must have valid medical insurance that covers Malaysia.
5. Medical Examination: A health screening at a Malaysian clinic or hospital is required.
6. Good Character: Applicants must provide a certificate of good conduct from their home country.

Required Documents

1. Personal Documents:
   • Passport copies.
   • Passport-sized photographs.
   • Medical report and health insurance.
2. Financial Documents:
   • Bank statements or proof of liquid assets.
   • Proof of income, such as pay slips, pension statements, or tax returns.
   • Letter from the bank confirming the fixed deposit placement.
3. Additional Documents:
   • Police clearance certificate from the applicant’s country of origin.
   • A letter of good conduct from the relevant authorities.
   • Marriage certificate (if applying with a spouse).
   • Birth certificates (for dependent children).

Application Process

• Step 1: Pre-Application: Ensure that all the eligibility criteria are met, and gather the necessary documentation.
• Step 2: Submit Application: Submit the application through the MM2H website or via an appointed agent. Pay the required processing fee.
• Step 3: Conditional Approval: If the application is successful, the applicant will receive a conditional approval letter.
• Step 4: Fulfill Fixed Deposit Requirement: Open a fixed deposit account in Malaysia and deposit the required amount.
• Step 5: Final Approval and Visa Issuance: Once the fixed deposit is placed, submit proof to the authorities, and the MM2H visa will be issued.

Cost

Category	Cost (Approx.)
Application Processing Fee	RM 10,000 (Main Applicant)
Additional Processing Fee	RM 5,000 (Per Dependent)
Fixed Deposit (Refundable)	RM 150,000 – RM 300,000
Medical Insurance	Varies
Medical Examination	RM 200 – RM 500
Visa Stamping Fee	RM 90 – RM 200

Note: Costs may vary depending on nationality, specific requirements, and other factors.

Visa Processing Time

• Processing Time: Typically 3 to 6 months from the submission of a complete application, but this can vary based on individual circumstances and processing times at the MM2H Centre.

Program Benefits

• Long-Term Residency: Allows for extended stays in Malaysia without the need for frequent visa renewals.
• Tax Advantages: Foreign income is not taxed in Malaysia, making it an attractive option for retirees and expatriates with offshore income.
• Investment Opportunities: MM2H visa holders can invest in Malaysia, including buying property, setting up businesses, and more.
• Education: Dependent children can study in Malaysia, either in local or international schools.

Conclusion

The Malaysia My Second Home (MM2H) Visa is an attractive option for those seeking long-term residency in Malaysia, offering a range of benefits such as long-term stability, multiple entry privileges, and the ability to include family members. By meeting the eligibility criteria, preparing the necessary documents, and following the application process, applicants can successfully obtain the MM2H Visa and enjoy the diverse and welcoming environment that Malaysia offers. Whether you’re looking to retire, invest, or simply enjoy a second home in Southeast Asia, the MM2H Visa provides an excellent pathway to making Malaysia your long-term destination.

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