The Malaysia My Second Home program (MM2H)
Updated Overview of Malaysia Immigration in 2024
Malaysia’s My Second Home Programme (MM2H) has been re-launched in mid-2024. The new programme is divided into three tiers, Silver, Gold and Platinum, with visa validities of 5, 15 and 20 years respectively, and with different requirements on fixed deposit amount and property purchases.
Moving to Malaysia
Malaysia’s multiculturalism and low cost of living attracts many people, especially retirees and families who value their children’s education, as international school fees are much lower than those in Hong Kong.
Advantages of MM2H Programme
- No need for Proof of Assets
- One applicant, three generations of immigrants. Applicants can bring along their spouse, unmarried children under the age of 21 and parents of both spouses.
- Short residency requirement of only 90 days per year, accumulatively by the whole family
- New MM2H’s fixed deposit can be withdrawn up to 50% in the second year for the purpose of property purchase, education, medical treatment and local travelling. Currently, the interest rate for fixed deposit is over 3%.
- The Platinum level of the new MM2H allows applicants to engage in business investment activities, work and hire foreign domestic helpers in Malaysia.
MM2H Application Requirement
- 20 Year Visa – Platinum
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- Fixed Deposit: US$1 million
- Property Value Limit: RM2 million or above
- Participation Fee: RM200,000
- 15 Year Visa – Gold
- Fixed Deposit: US$500,000
- Property Value Limit: RM1 million or above
- Participation Fee: RM3,000
- 5 Year Visa – Silver
- Fixed Deposit: US$500,000
- Property Value Limit: RM600,000 or above
- Participation Fee: RM1,000
MM2H Application Duration
Approx. 3 months