MM2H Terms And Conditions.

Here are the latest requirements and other information regarding the revised Malaysia My Second Home (MM2H) programme. There are three tiers under which you can apply – Silver, Gold and Platinum.

Under the Ministry of Tourism, Arts, and Culture

General Requirements:

  1. Eligibility:
    . Open to foreign individuals from countries with diplomatic relations with Malaysia.
    . Applicants must be 25 years old and above for all categories.
  2. Application Process:
    . Applications must be submitted through a licensed MM2H tour operator under the Tourism Industry Act 1992 [Act 482]. Individual or walk-in applications are not accepted.
    . All new and renewal applications must be submitted through the MM2H One-Stop Centre. Immigration-related matters and approvals are regulated by the Ministry of Home Affairs and the Immigration Department of Malaysia. Appeals for rejected applications should be directed to the Minister of Home Affairs.

Category-Based Requirements:

A. Platinum Category:

  1. Financial Requirements:
    . Fixed Deposit (FD) of USD 1 million in any licensed financial institution under the Financial Services Act 2013 [Act 758] or the Islamic Financial Services Act 2013 [Act 759].
    . Offshore income requirement is waived for all categories.
    . Maximum withdrawal of 50% of the FD principal is allowed after approval for purposes such as purchasing a house, education, healthcare, and tourism in Malaysia.
  2. Participation Fee:
    . One-time fee of RM 200,000 for the principal.
    . No fee for dependents.
  3. Residential Property Purchase:
    . Mandatory to purchase and own a house upon approval.
    . Minimum value of the house must be RM 2 million or above.Resale of the house is not permitted for 10 years, but upgrading to a higher-value house is allowed.
    . Non-compliance may result in the cancellation of the MM2H pass.
  4. Minimum Stay Requirement:
    . Must reside in Malaysia for at least 90 days (cumulative) per year.
    . For participants aged 25-49, this requirement can be fulfilled by either the principal or dependents.
  5. Dependents:
    . Allowed to bring dependents including spouse, children under 21 years old (or up to 34 years old if unmarried and unemployed in Malaysia), disabled children (no age limit), parents, parents-in-law, and foreign domestic helpers.
  6. MM2H Pass:
    . Issued for 20 years with multiple entry visas (MEV) for the principal and dependents.
    . Renewable with adherence to passport validity.
    . Requires a new security sticker if passport validity ends before the MM2H pass duration.
  7. Education:
    . Dependents (children) allowed to pursue higher education in recognized institutions in Malaysia, using either the existing MM2H pass or automatically granted a Student Pass.
  8. Healthcare:
    . Allowed long-term medical treatment in Malaysia.
  9. Business and Investment Activities:
    . Permitted.
  10. Employment Opportunities:
    . Permitted.
  11. Health Screening:
    . Mandatory health check-up at designated clinics/hospitals by the Ministry of Tourism, Arts, and Culture for both principal and dependents post-approval.
  12. Program Benefits:
    . Tax exemption on funds brought in as FD.
  13. Application for Principal Change:
    . In case of principal’s death, the MM2H pass can be transferred to the next-of-kin named as dependents by the principal.
  14. Renewal Terms:
    . Pass can be renewed every 5 years after the maximum program membership period ends.
    . Applicants must submit current documents including a valid passport, medical report, and health insurance.Renewal applications will be processed by the MM2H One-Stop Centre/Immigration Department of Malaysia.
    . Renewal fee is RM 5,000 for the principal and dependents.

B. Gold Category:

  1. Financial Requirements:
    . FD of USD 500,000 in a licensed financial institution.
    . Offshore income requirement waived.
    . Maximum 50% withdrawal of FD principal allowed for specific purposes post-approval.
  2. Participation Fee:
    . One-time fee of RM 3,000 for the principal.
    . No fee for dependents.
  3. Residential Property Purchase:
    . Mandatory to purchase and own a house upon approval.
    . Minimum value of the house must be RM 1 million or above.
    . Resale of the house not permitted for 10 years, but upgrading is allowed.
  4. Minimum Stay Requirement:
    . Must reside in Malaysia for at least 90 days (cumulative) per year.
    . For participants aged 25-49, this requirement can be fulfilled by either the principal or dependents.
  5. Dependents:
    . Similar to the Platinum category.
  6. MM2H Pass:
    . Issued for 15 years with MEV for the principal and dependents.
    . Renewable with adherence to passport validity.
    . Requires a new security sticker if passport validity ends before the MM2H pass duration.
  7. Education, Healthcare, Health Screening, Program Benefits, Principal Change, and Renewal Terms:
    . Same as Platinum category.
  8. Business and Investment Activities:
    . Not permitted, requires relevant pass.
  9. Employment Opportunities:
    . Not permitted, requires relevant pass.

C. Silver Category:

  1. Financial Requirements:
    . FD of USD 150,000 in a licensed financial institution.
    . Offshore income requirement waived.
    . Maximum 50% withdrawal of FD principal allowed for specific purposes post-approval.
  2. Participation Fee:
    . One-time fee of RM 1,000 for the principal.
    . No fee for dependents.
  3. Residential Property Purchase:
    . Mandatory to purchase and own a house upon approval.
    . Minimum value of the house must be RM 600,000 or above.Resale of the house not permitted for 10 years, but upgrading is allowed.
  4. Minimum Stay Requirement:
    . Same as Platinum and Gold categories.
  5. Dependents:
    . Similar to the Platinum and Gold categories.
  6. MM2H Pass:
    . Issued for 5 years with MEV for the principal and dependents.
    . Renewable with adherence to passport validity.
    . Requires a new security sticker if passport validity ends before the MM2H pass duration.
  7. Education, Healthcare, Health Screening, Program Benefits, Principal Change, and Renewal Terms:
    . Same as Platinum and Gold categories.
  8. Business and Investment Activities:
    . Not permitted, requires a relevant pass.
  9. Employment Opportunities:
    . Not permitted, requires a relevant pass.

We will be publishing more information, along with a Q&A once we have more information.

SPECIAL NOTE (AS AT JUNE  2024)

If you have other questions about MM2H please get in touch with us through our free Help Desk. Our company Borneo Vision (MM2H) Sdn Bhd was an approved agent but is now required to meet new conditions to continue submitting new applications. This is a requirement for all the agents previously approved to handle new applications and hopefully, our registration will be completed within one or two months.

If you wish to be notified of developments with the MM2H visa requirements please subscribe to our e-newsletter – here