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MALAYSIA MY SECOND HOME PROGRAMME (MM2H)

Malaysia My Second Home Programme is promoted by the Government of Malaysia to allow foreigners who fulfill certain criteria, to stay in Malaysia for as long as possible on a multiple-entry social visit pass.

The Social Visit Pass is initially for a period of ten (10) years, and is renewable.
 
 
ELIGIBILITY
 
 
It is open to citizens of countries recognised by Malaysia, regardless of race, religion, gender or age. The programme allows applicants to bring with them their spouses, parents and children. Foreign spouses of Malaysians and expatriates who wish to retire in Malaysia after expiry of their Employment Passes are also eligible to apply to stay in Malaysia on this programme.

Applicants are allowed to bring their spouses, unmarried children below the age of 21 and parents above the age of 60 as dependants.

FINANCIAL REQUIREMENT 
 
Applicants are expected to be financially capable of supporting themselves on this programme in Malaysia.

Upon application: 
 

i. Applicants aged below 50 years are required to show proof of liquid assets worth a minimum of RM500,000 and offshore income of RM10,000 per month.

ii. Applicants aged 50 and above may comply with the financial proof of RM350,000 in liquid assets and off shore income of RM10,000 per month.   For those who have retired, they are required to show proof of receiving pension from government approved funds of RM 10,000 per month.

iii. New applicants who have purchased properties worth at least RM 1 million qualify to place a lower fixed deposit amount upon approval.
 
 
UPON APPROVAL 
 
Successful applicants are required to comply with the following financial criteria upon receipt of the `conditional approval letter’ from Immigration Department of Malaysia..

Upon Approval : Aged Below 50 years old
 
 
* Open a fixed deposit account of RM300,000.00.

* 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 RM150,000.00 from second year onwards and throughout stay in Malaysia under this programme.

Approved participants who have purchased and own property which were bought at RM1 million and above in Malaysia may comply with the basic fixed deposit requirement of RM 150,000 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 programme.
 
 
Upon Approval : Aged 50 years and above
 
 
* Can either choose to:
– Open a fixed deposit account of RM150,000.00 ; OR
– Show proof of government approved pension funds of RM10,000

* After a period of one year, 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 RM100,000.00 from the second year onwards and throughout his/her stay in Malaysia under this programme.

Approved participants who have purchased and owned property which were bought at RM1 million and above in Malaysia may comply with the basic fixed deposit requirement of 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 programme.
MEDICAL REPORT 
 
All applicants and their dependants 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 a 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-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.
MALAYSIA MY SECOND HOME CENTRE (MM2H)
Ministry of Tourism Malaysia,
Level 23, Menara Dato’ Onn,
Putra World Trade Centre,
50695 Kuala Lumpur, MALAYSIA

Phone:
+603 2696 3367
+603 2696 3354
+603 2696 3361
+603 2696 3351
+603.2696 3366  

Fax +603 2698 8533

email :info@mm2h.gov.my

Operating Hours :
MONDAY – THURSDAY
7.30am – 1pm | 2pm  – 5.30pm
Lunch 1pm – 2pm
FRIDAY Operating Hours
7.30am – 12.15pm | 2.45pm – 5.30pm
Lunch 12.15pm – 2.45pm 
SATURDAY, SUNDAY & PUBLIC HOLIDAY
Closed
MALAYSIA MY SECOND HOME CENTRE
IMMIGRATION UNIT
Ministry of Tourism,Malaysia
Level 6,Menara Dato’ Onn, PutraWorld Trade Centre
50695 Kuala Lumpur, MALAYSIA

Phone :
+603-2696 3325/3302/3323/3302

Fax: 
+603-2691 1272

Operating Hours :
 MONDAY – THURSDAY
7.30am – 5.00pm
Lunch 1pm – 2pm
FRIDAY Operating Hours
7.30am – 5.00pm

By | 2016-11-01T10:40:22+00:00 July 5th, 2010|Latest Article/News|2 Comments

2 Comments

  1. ashkan December 30, 2010 at 5:10 pm

    hello,
    my question is, the 70% loan is ower own money that we can collect it after 1 year or the loan has a different story?
    because you said, we can collect the 50% of the money after 1 year for buying a house!

    • Melissa December 31, 2010 at 5:14 am

      Ashkan, I already reply you. Please check your email.Tq.

Comments are closed.