The Malaysia My Second Home program (MM2H)

The Malaysia My Second Home program (MM2H)
1. Get visa by placing fixed deposit, enjoy 3% annual interest rate and tax exemption
2. Enjoy lower housing and commodity price, good for investment and retirement
3. Reputable international schools with only half tuition fee, compared to HK 

 

 Benefit 

  • No requirement in duration of stay

  • No age restrictions

  • No requirement in English proficiency

  • No requirement in proof of source of income

  • Applicants are allowed to bring along their spouse, unmarried children below 21 years old and parents over 60 years old (Visa renewable after 10 years)

  • Enjoy tax exemption in housing and business

Application Requirement

Applicants within 21 – 49 years old:
Income Proof: Offshore income of at least RM10,000 (ard HKD 19,000)  per month
Assets Proof: Liquid assets: minimum RM500,000 (ard HKD 940,000)
Fixed Deposit: Place a fixed deposit in a bank account for RM 300,000  (ard HKD 560,000)  in Malaysia
Condition to withdraw deposit: Can withdraw up to RM150,000  (ard HKD 280,000) for purchasing house, medical insurance or education expenses after the deposit has been placed for one year

Applicants over 50 years old: 
Income Proof: Offshore income of at least RM10,000 (ard HKD 19,000)  per month
Assets Proof: Liquid assets: minimum RM350,000 (ard HKD 650,000)
Fixed Deposit: Place a fixed deposit in a bank account for RM150,000 (ard HKD 280,000) in Malaysia
Condition to withdraw deposit: Can withdraw up to RM50,000 (ard HKD 90,000) for purchasing house, medical insurance or education expenses after the deposit has been placed for one year

Application Duration 

Around 9 months – 1 year

Application Process

  1. Sign contract 

  2. Submit application 

  3. Receive approval letter after 90 to 180 days 

  4. Join the interview within 6 months