My second home Malaysia program MM2H

Today, Malaysia is one of the most popular economic countries in Asia due to its growth in industry and stable politics. Hence the Malaysian government Investment plan by name Malaysia Second House (MM2H) For qualified applicants is provided with long-term visa through investment options stay and citizenship receive this country.

What is the Malaysia My Second Home program?

Malaysia My Second ‘2’ Home Visa Program A program and stay through Investment has been provided by the Malaysian government in recent years. This program allows qualified foreign nationals to invest and live in Malaysia with this long-term, multiple-entry visa.

The Malaysian government guarantees that applicants can choose investment options in Malaysia that provide the best facilities and meet the applicant’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, immigrants and investors who want to invest abroad.

Investors and applicants can use the modern and advanced amenities of this country 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-entry visa.

Eligibility Criteria for My Second Home Malaysia Program

This program has certain conditions and criteria that applicants and investors must meet to receive this visa and stay in Malaysia. Eligible criteria are:

• At least 25 years old
• Proof of monthly income and cash assets
• Proof of sufficient funds for investment
• 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 central bank as a fixed deposit

Different levels of investment 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 into three categories. golden , silver and Platinum And a new category Economic special is divided Each of these categories has different conditions for investment and applicants. 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 servant.
• Stay in Malaysia for at least 60 days
• This visa is valid for up to 15 years and can be extended.
• Using a multiple entry visa for yourself and your family

2. Silver surface

• Fixed deposit of 500,000 ringgit (120,000 US dollars) in Central 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 servant.
• This visa is valid for 5 years.
• Stay in Malaysia for at least 60 days
• Using a multiple-entry 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 Central Bank of Malaysia
• Withdraw 50% of your deposit to buy a property, pay for living, education and medical expenses after one year
• Buying a residential 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 servant.
• Stay in Malaysia for at least 60 days
• Multiple entry visa valid for 20 years
• You can also apply for permanent residence (PR) at the platinum level after receiving the permit.

Special economic zone (new category)

This category is for those who want 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 residential property should be purchased for the minimum thresholds available.
• The property must be purchased directly from a developer
• Separate application for work permit
• Multiple entry 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
• Investment in Malaysia
• Exemption from income tax
• 20-year residence visa, multiple entries
• 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 contemporary lifestyle
• Buying and investing in property and housing
• Foreign servant 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 documents for the Malaysia My Second Home program

• MM2H official application letter
• Valid passport with at least 18 months validity
• 8 new color photos
• Certificate of no criminal record and bad background
• Medical and health certificates and examinations
• Marriage certificate if married
• Documents proving financial ability and budget for investment
• Copy of birth certificate of children (if any)
• Bank deposit document according to the selected level
• Full documents of academic resume, work experience, skills and acquired experiences

Application process

The process of applying for my second home Malaysia visa is as follows:

1. In the first step, you must complete all the documents and send them for review and approval.
2. If the documents are approved, you will be contacted and you must get your constitutional confirmation letter.
3. After receiving the approval letter, you can enter Malaysia without any obstacles.
4. In the next step, you need to open a bank account in one of the Malaysian banks.
5. In the last step, after doing all the work, you will receive your visa after some time.
6. It takes about 3-6 months to complete the entire process of applying and receiving a visa for the Malaysia My Second Home program.