Today, Malaysia is one of the most popular economic couries in Asia due to its growth in industry and stable politics. Hence the Malaysian governme Investme plan by name Malaysia Second House (MM2H) For qualified applicas is provided with long-term visa through investme options stay and citizenship receive this coury.
What is the Malaysia My Second Home program?
Malaysia My Second ‘2’ Home Visa Program A program and stay through Investme has been provided by the Malaysian governme in rece years. This program allows qualified foreign nationals to invest and live in Malaysia with this long-term, multiple-ery visa.
The Malaysian governme guaraees that applicas can choose investme options in Malaysia that provide the best facilities and meet the applica’s needs. Those who succeed in getting this visa can renew this visa every five or ten years. This program is a suitable option for retirees, immigras and investors who wa to invest abroad.
Investors and applicas can use the modern and advanced amenities of this coury with the My Second Home Malaysia program. They also have the possibility to get this visa for their family and stay and work in Malaysia. This program is a 20-year multiple-ery visa.
Eligibility Criteria for My Second Home Malaysia Program
This program has certain conditions and criteria that applicas and investors must meet to receive this visa and stay in Malaysia. Eligible criteria are:
- At least 25 years old
- Proof of mohly income and cash assets
- Proof of sufficie funds for investme
- Medical and health examination certificate
- Valid health insurance
- Active presence in Malaysia for at least 90 days per year
- Proof of financial ability to stay in Malaysia
- The possibility of making a deposit in the ceral bank as a fixed deposit
Differe levels of investme in 2024
On June 14, 2024, by the Ministry of Tourism, Arts and Culture of Malaysia, according to the terms and conditions announced, the Malaysia My Second Home program was divided io three categories. golden , silver and Platinum And a new category Economic special is divided Each of these categories has differe conditions for investme and applicas. These conditions are as follows:
1. Golden level
- Having about 2 million ringgit (about 500,000 US dollars) as a deposit in the bank
- Withdraw 50% of your deposit to buy a property, pay for living, education and medical expenses after one year
- Purchase of property worth at least one million ringgit (US$250,000)
- You must apply for a separate work permit.
- You do not have the right to have a foreign serva.
- Stay in Malaysia for at least 60 days
- This visa is valid for up to 15 years and can be extended.
- Using a multiple ery visa for yourself and your family
2. Silver surface
- Fixed deposit of 500,000 ringgit (120,000 US dollars) in Ceral Bank of Malaysia
- Withdraw 50% of your deposit to buy a property, pay for living, education and medical expenses after one year
- Purchase of property worth at least 600,000 ringgit (150,000 US dollars)
- Separate application for work permit
- You do not have the right to have an outside serva.
- This visa is valid for 5 years.
- Stay in Malaysia for at least 60 days
- Using a multiple-ery and extendable visa for yourself and your family
3. Platinum level
- A fixed deposit worth 5 million ringgit (about 1.2 million US dollars) at the Ceral Bank of Malaysia
- Withdraw 50% of your deposit to buy a property, pay for living, education and medical expenses after one year
- Buying a resideial property worth at least 2 million ringgit (about 500,000 US dollars)
- At this level, you are allowed to work and invest in Malaysia without restrictions.
- You have the right to have a foreign serva.
- Stay in Malaysia for at least 60 days
- Multiple ery visa valid for 20 years
- You can also apply for permane residence (PR) at the platinum level after receiving the permit.
Special economic zone (new category)
This category is for those who wa to live in East Coast Economic Zone, Northern Corridor Zone and Johor-Singapore Special Zone.
- At least 21 years old
- Fixed deposit for under 50 years about $65,000
- Fixed deposit for over 50 years about $32,000
- The resideial property should be purchased for the minimum thresholds available.
- The property must be purchased directly from a developer
- Separate application for work permit
- Multiple ery 10-year renewable visa
Benefits of the My Second Home Malaysia program
By receiving this visa, you will enjoy the following benefits, which are as follows:
- Easy to get residence in Malaysia
- Investme in Malaysia
- Exemption from income tax
- 20-year residence visa, multiple eries
- Possibility of visa extension for another 20 years
- Education of children up to the age of 18 in Malaysia
- The possibility of living, starting a business and trading
- Establishing a fixed bank deposit
- Multicultural population and coemporary lifestyle
- Buying and investing in property and housing
- Foreign serva request
- Providing facilities for families and children up to the age of 34
- Having the same advanced medical and educational facilities is possible
- Obtaining Malaysian residency for family and relatives
Required documes for the Malaysia My Second Home program
- MM2H official application letter
- Valid passport with at least 18 mohs validity
- 8 new color photos
- Certificate of no criminal record and bad background
- Medical and health certificates and examinations
- Marriage certificate if married
- Documes proving financial ability and budget for investme
- Copy of birth certificate of children (if any)
- Bank deposit docume according to the selected level
- Full documes of academic resume, work experience, skills and acquired experiences
Application process
The process of applying for my second home Malaysia visa is as follows:
- In the first step, you must complete all the documes and send them for review and approval.
- If the documes are approved, you will be coacted and you must get your constitutional confirmation letter.
- After receiving the approval letter, you can eer Malaysia without any obstacles.
- In the next step, you need to open a bank accou in one of the Malaysian banks.
- In the last step, after doing all the work, you will receive your visa after some time.
- It takes about 3-6 mohs to complete the eire process of applying and receiving a visa for the Malaysia My Second Home program.
