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 allow foreigners to stay in Malaysia for a period of ten years. Foreigners who fulfill certain criteria may apply, and a successful applicant is allowed to bring a spouse, an unmarried child under the age of 21, and parents who are over 60 years old.
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.
MULTI - ENTRY
10 years multi-entry social visit pass, renewable thereafter.
Allowed to purchase unlimited number of residential properties at a minimum price of RM 1,000,000 depending on the location of the property.
Each applicant can apply for one maid subject to the prevailing guidelines of the Immigration Department.
MM2H participants are allowed to bring their children who are below 21 years old and not married as their dependents.
Tax Exemption is given to remittance of offshore pension fund into Malaysia & any other foreign funds transferred into Malaysia.
Aged 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.
Aged 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.