Introduction

The Malaysia My Second Home Programme originated from the “Silver Hair Programme” launched in 1996, which was initially designed for the long term residence of foreign retirees. In 2002, the programme was officially renamed the “Malaysia My Second Home Programme” and the scope of applicants was expanded to include foreign individuals aged over 21. In 2009, the validity period of the MM2H visa was extended from five to ten years and conditional renewal was permitted.

In August 2020, the Malaysian government temporarily suspended the programme for a comprehensive review. In 2021, the Malaysian government reintroduced MM2H. The new policy requires applicants to have a monthly income of no less than 40,000 MYR and to deposit 1 million MYR in a fixed deposit account. In October 2024, the MM2H Programme met a milestone - style transformation, entering a stage of refined management and being divided into four categories: Platinum, Gold, Silver, and the Financial Zone.

Program Advantages

1. No language requirements and proof of Source of funds.

2. Spouse and children can apply for MM2H together.

3. Children can enjoy high-quality international education and participate in the Joint Entrance Examination.

4. High medical standards with lower costs, approximately 1/3 of those in Western countries.

5. Applicants holding the Visa enjoy tax exemption on their overseas income.

6. The MM2H programme is suitable for a variety of people, including retirees, entrepreneurs, high-net-worth families, and families with educational needs for their children.

7. MM2H holders enjoy lower thresholds compared to foreign buyers when purchasing properties of specific values.

Application Requirements

1. Main applicant must be aged 25 or above while aged 21 at lest for the Financial Zone.

2. No criminal record

3. Purchase medical insurance recognized by Malaysia.

4. Submit a health examination report from a designated medical institution in Malaysia.

5. Fixed deposit requirements:

- Platinum: USD 1 million

- Gold: USD 500,000

- Silver: USD 150,000

- Financial Zone: USD 32,000 (for those aged 50 and above); USD 65,000 (for those aged 21-49)

6. Purchase of residential property (cannot be sold within 10 years, but can be resold for property upgrade):

- Platinum: MYR 2 million property

- Gold: MYR 1 million property

- Silver: MYR 600,000 property

- Financial Zone: Purchase of Forest City, MYR 500,000 property

7. Residence requirements: The main applicant and dependents under 50 years old must accumulate a minimum of 90 days of residence per year (applicants aged 50 and above and dependents have no residence requirements).

Application Process

1. Assessment and Contract signing

2. Preparation of Documents

3. Submission of Application

4. Approval of Application

5. Completion of Procedures (bank account opening, purchase of medical insurance, medical examination)

6. Obtaining Visa Endorsement

7. Completion of Property Purchase Procedures