Malaysia Residency Program (MM2H)

What Is The Malaysia My Second Home Program

The Malaysia My Second Home program, also called the MM2H programme grants a 5-year renewable multiple-entry visa to successful investors and their qualifying family members.

The Benefits

Residency

  • Low cost of living, good lifestyle, strategic geographical location, business friendly, offshore tax haven of Labuan, minimal capital flow restrictions with a strong and stable economy.
  • May include spouse, common-law partner, children (biological/step-child/legally adopted) below 21 years of age and 21-34 years of age (single and unmarried) in the application as dependents.
  • Disabled children regardless of age as well as parents and parents-in-law of principle can also be included.

Travel and Quality of Life

  • Cosmopolitan and multi-cultural with English as official language of business & widely spoken along with Malay & various Chinese & Indian dialects.
  • World-class and international hub for healthcare and education.

Requirements and Taxation

  • Offshore income is non-taxable. Malaysia also has Double Taxation agreements with many countries.  No Inheritance Tax.
  • Relaxed property ownership rules for foreigners with a minimum threshold of RM 600,000 per property applicable for the state of Kuala Lumpur.  This varies from state to state.

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    MM2H program requirements

    • Main applicant must have a minimum offshore monthly income of RM 40,000.
    • Proof of liquid assets of at least RM 1,500,000.
    • Main passholders and/or their respective spouses must reside in Malaysia for at least 90 days/year or 450 days/5 years cumulatively.
    • Minimum age requirement for principal applicant is 35 years.
    • Government processing fee of RM 5,000 (principal applicant) and an additional RM 2,500 per dependent.
    • Government annual visa fee of RM 500.
    • Other Visa and Security Bond/Bank Guarantee fees also apply whereby existing rates vary by nationality.

    Malaysia Residency Program Investment Options

    The Fixed Deposit Option

    • Must make a fixed deposit placement of RM 1,000,000.
    • An additional RM 50,000 fixed deposit must be placed for each dependent if main applicant is aged 35-49 years.
    • A maximum withdrawal of 50% of the principal of the fixed deposit is permitted after one year for the purposes of healthcare, education and property acquisitions in Malaysia.

    The Process

    Arrows process

    Due Diligence and Application

    • Preparation and submission of application.
    • Conditional approval letter issued.
    • Arrive in Malaysia for:
      • Fixed deposit account opening with any bank in Malaysia.
      • Purchasing of/submission of medical insurance* that is applicable in Malaysia.
      • Obtaining of medical report* from any private hospital or registered clinic in Malaysia.

    * Main applicant and dependents are required to pass a medical check-up and possess medical insurance coverage that is applicable in Malaysia from any insurance company.

    Approval and Investment

    Submit remaining documents including fixed deposit certificate, medical insurance policy* & medical report*.

    Residency

    The applicant obtains the Malaysia MM2H visa.

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