For those seeking a harmonious blend of tropical paradise, economic opportunity, and warm community embrace, the Malaysia My Second Home (MM2H) Visa unlocks the door to a vibrant and culturally rich second home. We will explore the complexities of this unique visa program as we uncover why Malaysia has become one of the most popular destinations for travelers. Malaysia Visa Check Online Now

What Is Malaysia My Second Home (MM2H) Visa

Malaysia My Second Home is a visa program that encourages foreign nationals to live in Malaysia if they meet specific criteria. If you meet all the requirements, it can be renewed for a further ten years. If you wish, you may stay as long as you like and leave at any time. A MM2H visa will last for three years if your passport is valid for three years.

It is recommended that you renew your passport before applying for an MM2H visa. To promote positive immigration, the scheme was originally proposed by the Ministry of Tourism and Culture, MOTAC. It is now overseen by the Immigration Department of the Home Affairs Ministry. The Malaysia my second home program is still marketed by MOTAC. There is no direct pathway to permanent residency from this permit, and it isn’t a permanent residency permit. Applying for permanent residency can be time consuming and complicated.

In Malaysia, you may, however, apply for permanent residency after a certain period.

Who May Apply For The MM2H Program?

Malaysian citizens of all nationalities, regardless of religion, gender, or age. It is possible for the holder of a visa to bring his or her spouse, unmarried children under 21 years old, and parents to Malaysia. Also, you can apply to bring a helper.You can even bring your pet with you.

Malaysia My Second Home Benefits

1. Additionally, holders are entitled to purchase property in Malaysia as well as the apparent flexibility and freedom of multiple entry residency within Malaysia or Sarawak.
2. In Sarawak, you can buy a residential property for a minimum investment of RM300,000 with a Sarawak MM2H visa.
3. MM2H permits you to buy a residential property in Peninsular Malaysia for a minimum price of RM 500,000 to RM 1,000,000, which has been pre-approved by the Malaysian Foreign Investment Committee.
4. Foreigners interested in owning property in Malaysia find the MM2H visa an attractive option. The property can be utilized as a holiday home or rented out.
5. To buy a property in Malaysia, you can apply for a home loan from a bank. The loan will be granted subject to certain requirements.
6. If you buy a property under the MM2H program, for instance, in Penang, for example, the minimum purchase price may be lower. You are not restricted to a particular type of property.

• In order to buy a condominium or gated community property worth more than RM1 million, or a house, bungalow or villa worth more than RM2 million, foreigners on other visas are required to own at least one condominium or gated community property.
• It is possible for MM2H holders to purchase two properties, each costing at least RM500,000. Properties can be houses, bungalows, gated communities or condominiums.

Malaysia My Second Home (MM2H) Additionally Benefits Include:

• Certain items require permits or licenses, but you can import your personal and household items tax-free into Malaysia.
• In addition to investing in local companies, you can also invest in the stock market and in unit trusts.
• Fixed deposit interest is tax-free.
• The transfer of offshore income, pensions, and foreign funds into Malaysia is tax-free.
• As a Director, you may own and run your own local or overseas business subject to certain conditions.
• Under a renewable long-term visa, visa holders may bring their parents along as dependents.
• In Malaysia, children under the age of 21 are allowed to study.
• A visa holder over 50 may work part-time up to 20 hours per week with permission from the immigration department.

Malaysia My Second Home (MM2H) Requirements

First, you must prove that you meet specific financial requirements and show proof of your financial strength in Ringgit Malaysia (RM).

Your application must be accompanied by a certified copy of your last three months’ bank statements, the latest three months’ pay slips or income statements, and/or your pension slips, if applicable.

Peninsular Malaysia: If you are older than 50 years old:

• A minimum of RM 350,000 in liquid assets and RM 10,000 in offshore income is required.
• In order to receive conditional approval, you must open a RM 150,000 fixed deposit account.
• During your stay in Malaysia under the MM2H visa, you are permitted to withdraw up to RM 50,000. Still, RM 100,000 must be maintained at all times.

Peninsular Malaysia: If you are under 50 years old:

• A monthly offshore income of RM 10,000 and liquid assets worth RM 500,000 are required.
• The next step is to open a RM 300,000 fixed deposit account after receiving conditional approval.
• Under the MM2H visa, you can withdraw up to RM 150,000 after one year, but you must maintain a minimum balance of RM 150,000 throughout your stay in Malaysia.

Take note, the withdrawal from the fixed deposits after one year is allowed for the following only:

• Visa holders or their spouses may purchase property in Malaysia in their names.
• Purchase of a car for the applicant or spouse.
• Education for children, or
• The family’s medical expenses

Salary, pension, rental income, investment returns, interest, and other sources of income outside of Malaysia can be considered as sources of monthly income. Cash or assets that can be readily converted to cash are liquid assets. Property is not included. Your entire fixed deposit can be withdrawn if you leave the MM2H program, but you must obtain prior approval from the Ministry of Tourism. A Malaysian citizen must sponsor an applicant, but a Malaysia second home agent may do so as well.

How do you apply to participate in the MM2H program?

The MM2H application process consists of the following steps:

Step 1 : The first step is to apply online and download all the necessary forms and documents.

Step 2 : you complete and submit the required documents. If you are familiar with the latest rules, you can do it yourself, but most people work with MM2H licensed agents who are familiar with the process.

Step 3 : It usually takes 4-5 months for the application to be processed and approved.

Step 4 : You will receive a conditional approval letter from the MM2H immigration unit if approved.

Step 5 : You have six months from the date you arrive in Malaysia to submit the remaining documents to MM2H.

• Firstly, you must make the fixed deposits in a Malaysian bank and submit the fixed deposit certificates.
• If the medical cover is rejected due to the applicant’s age, this requirement can be waived.
• All of your dependents must undergo a medical examination at a private hospital or registered clinic in Malaysia and submit the medical reports.
• In order for your child to attend school in Malaysia, you must apply for a student pass and submit the form along with it.

Step 6 : you must pay the applicable fees and pick up your MM2H visa at the MM2H immigration center.

In order to avoid typical MM2H problems that could delay or derail the process, it is critical to plan appropriately. If the fixed deposit is not made within six months of conditional approval and the cash is not available, the approval deadline will expire.

Malaysia My Second Home (MM2H) Documents Requirements

• Employment Confirmation Letter
• Income slip of the recent 3 months
• photocopy of passport info pages & most recent stamping of all participants
• 6 pcs colored passport size photo for all applicants
• Photocopy of the Marriage Certificate (If Married)
• Photocopy Of Children’s Certificate
• Resume/Bio-Data stating business/work experiences of the last 10 years
• Personal Letter of intention to join MM2H
• A copy of documents showing properties owned(if any)
• Bank Statements(Current/Saving)/Fixed Deposit Certificates/Personal Account showing balance for the latest 3 months. The statements must be able to proof your liquid assets as follows :

1. For aged above 50 category: minimum RM 1,500,000
2. For aged below 50 category: minimum RM 1,500,000

• Letter of Good Conduct(LGC) from relevant Government Authorities , Police foreign affair’s department (In English)

Malaysia My Second Home MM2H Visa Fees 

Limited to two (2) children with no extra fees otherwise RM500 extra per person. Visa fees for MM2H are RM500-550 per person per year (based on passport validity and citizenship) Other visas are RM500-550 per person (depending on citizenship) and medical reports for MM2H are RM300 per person. Health insurance depends on the plan and coverage, but you can provide your own.

MM2H Renewal & Extension And Benefits

Malaysia’s MM2H visa is valid for 10 years, but you may extend it by following a specific process. It usually takes a week for the visa to be approved. To avoid extra fees, you should apply for renewal at least three months before the visa expires to save money. You will be considered a tourist if you let your MM2H visa expire without renewal. In order to obtain an initial approval or renew your visa, you need to visit the Immigration Department in Malaysia or your State Immigration Department of Malaysia in person. Keeping track of these details is crucial to ensuring an uninterrupted stay under MM2H.

Malaysia My Second Home (MM2H) Documents Requirements

Documents Required To Apply For Renewal

• Letter of intent (principal)
• Passport (physical)
• Conditional Approval Letter (copy)
• Fixed Deposit Certificate (original copy)
• Confirmation Letter by the Bank (original copy)
• Medical Insurance Cover Note (must be bought in Malaysia) …
• Medical check-up (RBII Form)

Malaysia My Second Home (MM2H) Visa Rejection Reasons

• Incomplete Documentation: Ensure all required documents and information are submitted correctly. Incomplete or missing documents can lead to a visa rejection.
• Financial Requirements: An applicant for MM2H is usually required to meet certain financial criteria. If your financial documentation is inadequate or does not meet the specified criteria, your application may be rejected.
• Health Issues: If there are concerns about your health or if you don’t meet the health requirements, your visa application could be rejected.
• Criminal Record: Be aware that certain criminal convictions may disqualify you from applying for a visa if you have given accurate information about your criminal history.
• Insufficient ties to home country: A lack of strong ties to your home country may be a reason for rejection. Authorities want assurance you will not overstay your visa.
• Changes in Regulations: Changing immigration policies can affect the eligibility criteria for visas. Make sure you are aware of the latest requirements and that your application complies with them.
• Interview Performance: During an interview, how you present yourself and answer questions can have a significant impact on the outcome.

What I Do if My MM2H Visa Application Got rejected

• Requesting Feedback: Seek clarification on MM2H visa rejection reasons by contacting the processing center; request feedback for areas needing improvement.
• Review and Rectify: Carefully analyze provided feedback, identify application deficiencies, and address issues through additional documentation or clarifications.
• Seeking Professional Advice: Consult with an immigration consultant or lawyer for MM2H expertise to understand rejection reasons and enhance your application for resubmission.
• Reapplying: Submit a new MM2H visa application after addressing identified issues; ensure all documents meet criteria.
• Considering an Appeal: Explore the possibility of appealing the rejection; follow prescribed procedures and provide requested information if an appeal process exists.
• Consulting with the MM2H Center: Reach out to the MM2H processing center to discuss your situation; receive guidance on the best course of action or additional requirements.
• Exercising Patience: Acknowledge the complexity of the application process; be patient and persistent during reapplication, understanding visa decisions take time.
• Staying Informed: To prevent potential application problems, stay up-to-date with changes to MM2H policy.

Malaysia My Second Home (MM2H) Visa Video Guide

FAQs About Malaysia My Second Home (MM2H) Visa

Q1) How long is the processing time for MM2H?

Ans:- Approximately 30-60 working days

The processing time takes about 30-60 working days and we have successfully gotten approvals! The process for any applicant who meets the criteria and wishes to apply will be handled for you by our team, who will profile your application accordingly and handle everything until your passports are adorned with your MM2H visa stickers.

Q2) How much is MM2H visa renewal?

Ans:- MM2H participants are not entirely affected by the latest 2022 changes. If you wish to renew your MM2H status, certain criteria will apply: approvals are now given on a 5-year basis, rather than a 10-year basis. The visa fee is RM 500 per passport (not including JPV conversion fees)

Q3) How much is MM2H yearly fee?

Ans:- The PVIP differs from the Malaysia My Second Home Programme (“MM2H”) in that the MM2H is only available for applicants above a certain age, and does not permit successful applicants to work or study in Malaysia.

Conclusion

Malaysia My Second Home (MM2H) Visa offers a unique opportunity to individuals seeking a harmonious blend of tropical paradise, economic opportunities, and a warm community embrace. Foreigners of all nationalities can live in Malaysia under the program, which is managed by the Ministry of Tourism and Culture. The program offers a variety of benefits, including ownership of property, tax-free income, and the freedom to bring pets and family members.