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 (and renewable) and allow you the freedom to enter and leave Malaysia whenever you wish. In fact, you may bring along your spouse and dependents.
LATEST NEWS on MM2H.
New changes to the MM2H scheme announced on August 2021. The scheme will be restart in October with new rules, including a significant hike to the income criteria, with visas now valid for only five years instead of 10 years.
Under the new rules, foreigners must prove they have liquid assets worth 1.5 million ringgit (US$354,000) – up from 350,000 ringgit for those above the age of 50, and 500,000 ringgit for those below the age of 50 – although 500,000 ringgit of the funds can be used for property, health care and school fees. They must also have a monthly offshore income of at least 40,000 ringgit (US$9,400) compared with 10,000 ringgit.
For the latest info and news can be found at www.mm2h.gov.my
MM2H HOW TO APPLY?
Documents required:-
NOTE:
1. Items 3-5 are also required if accompanied by spouse and children as dependants.
2. Dependants refer to children aged below 18 years old and not married.
3. Participants from selected countries who are entering Malaysia with Tourist Social Visit Pass prior to approval of Malaysia My Second Home programme are required to pay for Journey Performed Visa (JP) (RM500) . The payment should be make to Immigration Department Putrajaya before they get endorsement of Malaysia My Second Home Sticker in their passport.
4. Certification can be done by Notary Public / Commisioner of Oath / Government Official.
5. The processing and approval process will take 45 working days from the date of submission of the application (provided the documentation is complete ).
If you are interested in seeking financing to facilitate your property purchase, we will forward you the email and telephone contact of local banks – and queries can be initiated. Financing loan of up to 70% can be arranged for, provided that income documents can substantiate the margin.
Found your dream house? If you wish us to assist or arrange a local Penang lawyer to contact you, drop us a note, and we will forward you the local lawyer’s contacts without any obligations.
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