Malaysia My Second Home

TEMPORARY SUSPENSION

Due to the Covid 19 pandemic, the Malaysia My Second Home Program (MM2H) has been temporarily suspended to be reviewed and optimized.

During the suspension, MOTAC is unable to process any new applications or recently submitted applications – inviting interested foreigners to reapply under the revised requirements once the MM2H Program is reactivated.

Malaysia My Second Home (MM2H) Programme is a governmental initiative designed to enable foreigners who fulfill certain criteria to stay in Malaysia for as long as possible on a multiple-entry social visit pass. Initially issued for a period of 10 years, the Social Visit Pass is renewable. It is open to citizens of all countries recognized by Malaysia regardless of race, religion, gender or age. Applicants are allowed to bring their spouses and unmarried children below the age of 21 as dependants.

ELIGIBILITY 

Applicants are expected to be financially capable of supporting themselves:

Applicants aged below 50 years are required to show proof of liquid assets worth a minimum of RM500,000 and offshore income of RM 10,000 per month. For certified copy(s) of Current Account submitted as financial proof, applicants must provide the latest 3 months’ statement with each month’s credit balance of RM 500,000.

Applicants aged 50 and above may comply with the financial proof of RM350,000 in liquid assets and off shore income of RM 10,000 per month. For certified copy(s) of Current Account submitted as financial proof, applicants must provide the latest 3 months’ statement with each month’s credit balance of RM 350,000. For those who have retired, they are required to show proof of receiving pension from government RM 10,000 per month.

Applicants who have purchased and own property bought at RM 1 million and above in Malaysia are advised to highlight this information in the letter of application to lower the basic fixed deposit requirement.

UPON APPROVAL

Applicants  Below 50 years old
Open a fixed deposit account of RM 300,000.00. After a period of one year, the participant can withdraw up to RM150,000.00 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes. Must maintain a minimum balance of RM 150,000.00 from second year onwards and throughout stay in Malaysia under this program.

 

Approved participant who has purchased and own property which was bought at RM1 million and above in Malaysia may state his/her intention in letter of application during submission to lower down basic fixed deposit requirement of RM300,000 to RM150,000 on condition that the property has been fully paid and ownership documents such as grant and land title have already been issued. This amount may not be withdrawn until the participant decides to terminate his participation in MM2H program.

Applicants aged 50 years and above
Can either choose to:
Open a fixed deposit account of RM 150,000.00 ; OR Show proof of receiving pension from government RM 10,000 per month. After a period of one year, the participant who fulfills the fixed deposit criterion can withdraw up to RM50,000.00 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes. Participant must maintain a minimum balance of RM 100,000.00 from the second year onwards and throughout his/her stay in Malaysia under this program.


Approved participant who has purchased and own property which was bought at RM1 million and above in Malaysia may state his/her intention in the letter of application during submission to lower down basic fixed deposit requirement of RM150,000 to RM 100,000 on condition that the property has been fully paid and ownership documents such as grant and land title have already been issued. This amount may not be withdrawn until the participant decides to terminate his participation in MM2H program.

MEDICAL REPORT
All applicants and their dependents are required to submit a medical report from any private hospital or registered clinic in Malaysia.

MEDICAL INSURANCE
Approved participants and their dependants must possess valid medical insurance coverage that is applicable in Malaysia from any insurance company. However, exemptions may be given for participants who face difficulty in obtaining medical insurance due to their age or medical condition.

SECURITY BOND (DIRECT APPLICATION ONLY)
Applicants applying directly are required to fulfill the security bond condition. Please refer to Personal Bond for rate per person by nationality, ranging from RM200 to RM2000.00.

PERSONAL BOND (APPLICATION THROUGH AGENT)
Licensed companies are required to provide the personal bond for their clients who have been approved under the MM2H Program.

 


For additional information and latest updates go to www.mm2h.gov.my