LATEST NEWS: 10-Year Visa for MM2H ( Malaysia My Second
Home )
Foreigners retiring or living in Malaysia under the Malaysia My Second Home
program will now get a 10-year social visit pass with a multiple-entry visa,
instead of 5 years. This comes into force immediately for new applicants. A
one-stop centre will be set up at the Tourism Ministry to help those starting a
new life here. The centre will centralise all information related to the MMSH
program which so far, has been handled separately by various ministries. The
MMSH program was formerly known as the Silver Hair program. The name was changed
in 2002.
Malaysia
My Second Home (MM2H) is a program introduced by the Malaysian government to allow
people from all over the world to live and retire in Malaysia. This program welcomes
foreign citizens to enter and stay in Malaysia as long
as possible. Under this program you will receive a Social Visit Pass and
Multiple Entry Visa from the Malaysia Department of Immigration. Both documents
are valid for 5-years (renewable) and allow you the freedom to enter and leave
Malaysia whenever you wish. In fact, you may bring along your spouse, dependents
and even one maid.
WHO ARE ELIGIBLE TO APPLY FOR MM2H?
The Malaysia My 2nd Home Program is open to all citizens of countries regardless of race, religion, gender or age. The applicant must prove a minimum fixed deposit of RM150,000 with any Malaysian financial institution AND have a monthly offshore income equivalent to at least RM7,000 if single or RM10,000 if with spouse.
But if applicant is above 50 years old, he has only to prove either a fixed deposit of the same amount OR a monthly income as stated. More details on Malaysia my 2nd home here.
(Malaysia My Second Home Program was previously know as Sliver
Hair Program)
The following changes to the terms and condition have been introduced
effective January 1st 2006.
1) The only financial criteria the applicants have to meet is to place US$75,000
or the equivalent amount in Ringgit in a Malaysian Bank (in Malaysia). This
amount needs to be left there for one year. Proof of income is no longer
required. This amount can be withdrawn after a period of one year.
2) The MM2H visa will now be valid for a ten year period and renewable as long
as the participants abide by the laws of the country.
3) There is no longer a need to submit a medical report or have a Malaysian
sponsor.
4) Applicants can apply for a mortgage from a Malaysian bank. The previous
limitation of a maximum loan of 60% no longer apply.
HOW TO APPLY?
You can actually download a form and do it yourself and save thousand of $$$. If you like to have a MM2H agent to contact you (without obligation), email us and we will arrange it. Of if you are buying a property in Penang we can refer to you a lawyer who assist you with the MM2H application for just a very nominal fee (almost free).
If you wish arrange a MM2H agent or a lawyer to contact you (without obligation) send us an email.
P.S. Please note: You can purchase property regardless of whether you join MM2H or not. The program is not link to the purchase.
| Make Malaysia your second home |
| www.tourism.gov.my |
Malaysia My Second Home (MM2H) Retire to Malaysia
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