Malaysia My Second Home (MM2H): Updated 2022

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Malaysia My Second Home (MM2H) is a Government driven housing program that aims to make Malaysia the home away from home. One of the main reasons why the Government of Malaysia began this program was to allow people from different corners of the world to have a long-term stay in Malaysia. MM2H participants is encouraged to stay here longer.

As such, through the Ministry of Tourism and Culture (MOTAC), the Government has been able to turn Malaysia into a second home for quite a large number of people through MM2H applications.

However, there are changes made as Ministry of Tourism would no longer be MM2H. Instead, Home Ministry and Immigration taking control of MM2H program. During the Covid 19 pandemic, visa applications were suspended for over a year therefore they were reviewing the MM2H programme.

Let’s take a look on the new and revised MM2H requirements.

Revised Requirements for MM2H

Financial

Being a program that is focusing on making Malaysia accessible to people from all over the world, a lot may be needed to prove one’s eligibility. Financially, the requirement for MM2H has increased.

After the revised MM2H criteria, about 10 new conditions were announced by the Federal Government in August 2021. This include:

  • RM1.5million in liquid assets,
  • RM40,000 in offshore income,
  • RM1million in a Malaysian fixed deposit,
  • and an additional RM50,000 per dependent (add to the fixed deposit).

Additional requirement:

  • Retirees need to show proof of receiving pension from government/an authority for RM10,000 per month
  • An annual payment of RM90 for social pass
  • One-off personal bond payment costs approximately RM2,000

Existing MM2H pass holders only need to comply with two out of the 10 new conditions – an increase in the pass fee from RM90 to RM500 per year and the requirement to stay in the country for a minimum of 90 days a year.

Those applying for the MM2H program should be financially stable and able to support themselves throughout the process. The Government of Malaysia will at no point fund those who are part of the program.

Properly team would like to point out that the rules on this website apply only to West Malaysia and Sabah. Sarawak has different rules and requirements. Sarawak’s programme is known as Sarawak MM2H (S-MM2H).

How about Sarawak MM2H programme? No changes have been made to it.

Sarawak MM2H Financial Requirement:

  1. Opening a fixed deposit account with any local bank in Sarawak with a minimum fixed deposit of RM150,000 per individual and RM300,000 per couple;
  2. For applicants aged 50 years and above, by presenting proof of government approved pension funds with minimum RM7,000 per individual and RM10,000 per couple; or
  3. For applicants aged 30 years and above, by showing proof of monthly off-shore income funds of RM7,000 per individual and RM10,000 per couple.

Country of residence

One of the factors that the Malaysian Government considers is the current country of residence. For one to be eligible for the MM2H program, he or she has to be a resident of a country that is officially recognized by the Government of Malaysia to be MM2H applicants.

Currently, a good number of European, American, and Asian countries are supported by the program. Here is a list of some of the countries that are common participants country of origin and neighbouring countries in the program;

  • 台湾
  • 中华民国
  • 印度共和国
  • 伊朗伊斯兰共和国
  • 大韩民国
  • 日本
  • 大不列颠联合王国
  • 北爱尔兰
  • 孟加拉国
  • 新加坡共和国

Background

每个人都可以自由提交MM2H计划的申请,无论其宗教或文化背景如何。年龄和性别等其他因素绝不会影响一个人申请该计划的资格。

The program focuses on benefiting both the young and the old. And the best part is that married couples are allowed to bring their spouses along with them after their application has been approved. In addition, children who are unmarried and are below the age of 21 can also accompany their parents during their stay courtesy of the MM2H program.

Medical report

MM2H计划要求所有申请人及其家人提供医疗报告。报告必须由马来西亚的合格诊所或私立医院处理。政府这样做是为了确保进入马来西亚的人不会对马来西亚公民造成与健康相关的威胁。

Medical insurance

如果批准了申请,则申请人必须提供有效的医疗保险,该保险应涵盖住宿期间的所有医疗需求。

Why MM2H program?

MM2h

MM2H程序取得了很大的成功,根据可用数据来看,这是正确的。自2002年推出以来,该计划已使很多人受益,特别是金融部门的人。事实证明,马来西亚是每个人都可以投资和受益的地方。以下是使MM2H程序达到最佳状态的一些因素。

Economy and interest rates

The laws governing the transfer of funds are liberal, allowing people from different economic classes to invest without fretting. Those in the property sector can particularly benefit from an endless list of opportunities available in Malaysia as foreign citizens. You can buy property as foreigner in Malaysia too. The country has one of the most respectable interest rates when it comes to the sale and purchase of a property. Property managers who are ambitious are able to make good use of friendly interest rates to their benefit. It has good financial conditions for people.

As such, Malaysia has become a financial beacon attracting property investors form of investment like passive investment or security bond from both developed and third world countries. With the help of the MM2H program, things just got to a whole new level.

The country has grown into a financial giant making good use of its property investment sector. As a result, Malaysia has a good business environment that supports financial growth giving everyone a chance to prosper, both in the property sector and other avenues of business.

多元化

The other reason why a person may consider going for the MM2H program is that it’s among the few programs that appreciate diversity. Malaysian citizens and Federal Government are friendly people who are diverse and respect other cultures. It doesn’t matter where you come from, the people here will welcome you warm-heartedly. With the help of the MM2H program, you have the opportunity to be part of a great community that will meet all your business needs.

Endless opportunity

With vast opportunities in the property management sector, the probability of success in the housing business is very high. One does not have to be an expert in the business to be successful in Malaysia. Young entrepreneurs have taken advantage of the opportunities that the MM2H program provides

Aesthetic value

Malaysia is a beautiful country that can pass as a paradise in disguise. The neighborhoods are very lively and the food here is very good. The climate is also very favorable, with warm weather a good part of the year. Many foreign retirees have benefited from the My Second Home program and are currently spending their grace period in Malaysia.

Entry Requirements for Malaysia My Second Home (MM2H)

家庭MM2H

除了符合资格外,一个人必须满足一些要求才能申请该计划。可以说,一个人有资格,但没有所有要求,MM2H程序的申请可能不会成功。

The program brings people of all sorts’ right at the doorstep of Malaysia. It is for this reason that the Government of Malaysia has put in place a list of requirements, which govern the whole process. This is not done to deter potential visitors, but it is just a precautionary measure. The program focuses on the needs of the applicants, with a majority of the requirements being basic needs. Recently, The Minister of Home Affairs, who is responsible for the visa program, decided to significantly increase the entry requirements in order to attract ‘quality’ applicants.

Steps to Apply for MM2H

MM2H

一旦一个人满足了上述所有要求,申请过程就只是在公园散步。申请过程涉及五个基本步骤。

1.提交前

此步骤主要要求申请人获得启动申请流程所需的所有正式表格。这可以通过访问 检查 N' 跟踪 在线表格填写和其他文件下载系统。

2.通过受信任的代理提交

如果您不喜欢文书工作,这是您的最佳选择。在受信任的代理的帮助下,程序的申请过程变得更加容易。由于代理商对政府部门非常熟悉,因此它的运行速度也可能更快一些。代理还可以在您的申请过程中充当发起人。这将导致他们支付RM2,000的个人保证金。

有认证的代理商是唯一的专家,可以协助对MM2H计划感兴趣的申请人。提供的服务可能会产生额外费用,因此必须进行财务准备。代理商的平均费用约为10,000令吉。选择的代理将指导您完成整个过程,并向您通知成功应用程序所需的所有信息。为了避免犯规,请仅咨询MM2H中心认可的代理商。

自我提交

申请人还可以选择自行提交表格。这可以帮助节省代理费。与代理人不同,那些自己提交申请的人将必须支付个人保证金,此外还要寻找担保人。

3.收到有条件的批准书

申请过程的下一步涉及移民部门签发有条件批准书。申请人必须在报告日期随附此信,因为这将表明申请人已完成所有流程并填写了所有表格。

4.报告

收到正式的有条件批准书后,申请人现在可以随时准备向马来西亚报告。到达后,必须创建一个固定存款帐户,并将证书转发到MM2H中心。仅当某人不再是MM2H计划的一部分时,才能提取此帐户中的存款。但是,仍然允许该计划的每个人在一年后进行部分提款。

5,MM2H签证的领取

申请人现在可以从MM2H移民中心领取他或她的MM2H签证。社交访问通行证MM2H签证有效期为十年。十年期过后,可以根据该人计划停留多长时间来续签签证。

It is important to keep in mind that the participation in mm2h programme only makes Malaysia your second home and not a permanent home. There are lots of visas like employment visas and national visa.

The visa program in place only allows you temporary stays and visits to the country. Upon expiry, it is each person’s responsibility to renew the visa so that he or she can stay in good terms with the relevant authorities. The MM2H visa cannot be converted to a residential property purchase or permanent residency contract.

总结

Malaysia always welcome tourist, expats and retiree. If you have thought of residing in Malaysia as your second home, you can apply for Malaysia My Second Home (MM2H) programme.

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