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Malaysia My Second Home (MM2H)

The Malaysia My Second Home (MM2H) Visa was initially introduced as a Retirement Visa for foreigners interested in moving to and settling in Malaysia. Basically it is a 10 year Social Visit Pass with Multiple Entry that allows you to go and come as you please, and can easily be renewed for another 10 years when it expires.

It is open to citizens of all countries recognized by Malaysia regardless of race, religion, gender or age. Applicants are allowed to bring their spouses and unmarried children below the age of 21 as dependents.

You may apply either directly (see the below requirements) by contacingt the MM2H Center directly at:

MALAYSIA MY SECOND HOME CENTRE (MM2H)
Ministry of Tourism and Culture Malaysia,
Level 1, No. 2, Tower 1,
Jalan P5/6, Presint 5,
62200 W.P. Putrajaya,
MALAYSIA


Or you can apply through one of their many Registered Agents. The application requirements when using an Agent do have some differences and of course the Agent already has a relationship with the Department which often helps and saves you a lot of time and headache.

The requirements for applying directly are:

   1. Letter of Application (Cover Letter from applicant)

   2. A copy of resume by the main applicant which include the following information
            Academic qualification
            Working experiences
            Skills or expertise acquired

   3. One (1) copy of MM2H Application Form - can be downloaded from MM2H website.
            Note : Applicant and all the dependents have to complete the form individually.

   4. Three (3) copies of IM.12 Form (Social Visit Pass )
            One (1) original copy - can be downloaded from MM2H website/obtained at Immigration Department.
            Two (2) Photostat copies
            Note : Applicant and all the dependents have to complete the form individually

    5. Four (4) coloured passport size photographs

    6. Copy of Passport/Travel documents (all pages) with certification on the pages with personal particulars
            Note : Copy of previous passport is required if applicant/dependent (s) has renew his/her passport within the last 12 months.

    7. Letter of Good Conduct from your relevant government agency
            The police authority of the applicant’s home country; or
            The Embassy of the applicant’s home country based in Malaysia provided that the LGC issued by the Embassy has made a reference to the respective police authority and the LGC must be attested by the Embassy.

    8. Self declaration on your/dependents health conditions - Form can be downloaded from MM2H website
    9. Certified copy of Marriage Certificate (if accompanied by spouse)

    10. Certified copy of Birth Certificate/legal documents (if accompanied by children/adopted children/step children/parents)

    - Letter of Confirmation from Medical Specialist/General Practitioner (if accompanied by disabled children above 21 years old)

     - Statutory Declaration by principle applicant to bear all expenses and financial requirements during the stay in Malaysia for dependents;

    11. Certified copy (s) of latest 3 months’ bank statement /other related financial document(s) to indicate the financial capability to support stay in Malaysia

    12. Latest 3 months certified copies of pay slip / income statement (if employed) / pension slip etc

    13. Authorization letter from applicant to Malaysia My Second Home Centre to verify the financial documents, job and salary with the relevant parties.

Fixed Deposit Accounts:

In addition, applicants below 50 years of ago must deposit a minimum of  RM300,000 into a local Fixed Deposit account, and provide proof of having an offshore income of RM10,000 or more per month. Applicants above 50 years of ago must deposit a minimum of RM150,000 into a local Fixed Deposit account and provide proof of having offshore income of RM10,000 or more per month. The monthly income may be from a pension or from overseas earnings.

Applicants are able to remove some funds from the Fixed deposits under certain circumstances such as for medical expenses and for education, but will require several documents to be submitted in order to make any such deductions.

In the event that an applicant already owns property in Malaysia bought at over RM1 million, they may be eligible to reduce the basic Fixed Deposit requirement.

Advantages of the MM2H Social Visit Pass:

(a) To be able to stay in Malaysia for as long as one wants and leave whenever one wants.
(b) To be able to import one car from your last country of residence without paying tax/duty.
(c) Or, be able to purchase one new car either made or assembled in Malaysia without paying tax/duty.
(d) Work part-time
(e) Entitled to apply for one maid subject to the prevailing guidelines of the Immigration Department of Malaysia.

Some useful links:

List of Registered Agents

MM2H Main Headquarters & Contact Details

Fixed Deposit Withdrawal Requirements

Minimum Property Purchase Prices for Foreigners buying in Malaysia

Malaysia My Second Home Official Portal

Please note that the above conditions and requirements are up to date as of the 8th July 2016, but that they are subject to further updates by the Ministry of Tourism so it is worth checking the latest updates before applying.

Hi Hansson,

Thank you for your precious contribution  :)

All the best,
Bhavna

Great country. I like it

Thank you for this valuable information.
After approval for a 10 year visa, will have to apply again to all the requirement,  for the next 10 years
And what will happen if policy change during this time while I am in the country

Regards
Mmiki

I understand from my former Agent that it is just a renewal process and not a completely new application so I doubt that you will need to top up the Fixed Deposit amount. I believe that you could do the extension yourself rather than pay an Agent, but to be certain if I were you I would send your query to the MM2H HQ or to an Agent to ask them directly.

If you buy a property worth 1M  then how much will be the fixed deposit reduced to?

To get an accurate answer you would need to contact either MM2H themselves or an agent. I can only speak from my experience which was some years ago.

When I applied for MM2H, I had already bought several apartments and invested a total cash amount in purchasing those apartments of more than a million ringgit. None of the individual apartments cost more than a million but the total combined cash investment that I had made totaled more than a million. Since I was over 50 years old, I would normally have had to place RM150k into the fixed deposit. But because of my investment in property, I only had to place RM60k.

Please note that at that time, even if you deducted for medical and education over the years, all MM2H holders were required to maintain a minimum of RM60,000 in the fixed deposit at all times. So basically, because I had invested over a million, I was only required to maintain the minimum amount in fixed deposit. This was arranged by an agent, which is why I would contact one of the agents in the above list and pose that question to them.

Regards,
Hansson

Thanks Hansson, appreciate your reply. Would you know if there is a lock in period for the fixed deposit? Surely cant have the money blocked permanently.

What used to happen is that you weren't allowed to remove any of it for the first 12 months. Then after that you could remove some, but the control was quite strict and you'd need to get the proper authorization letter from the Ministry of Tourism to give to your bank otherwise your bank will not allow you to touch it.

If I am on the MM2H program, living in Malaysia, am I allowed to work on a consultancy basis for a company based in Singapore?  Does anyone know please?  Many thanks.

My post #7 gives some information on my experience on the FD discount. At the time I was told that it wasn't the cost of the property that was important but the amount of cash that I had invested in property. My total cash investment was more than RM1 million and that qualified me for the discount. However, that was some years ago and the rules may have changed.

For clarification you could contact either the MM2H Office directly or you could contact any of the many MM2H Agents to ask them for more details.

150k buddy and you can take back after 2 years

You are allowed to work part time in Malaysia, so you shouldn't have any issues on the Malaysian side. But I don't know how the Singapore authorities view this. Perhaps drop a question in the Singapore Forum?

When did they raise the amount to RM350,000, I remember the last I check and some websites still so the old amount as RM150,000. Tying up RM350,000 in a fixed deposit account would be deterrent to some people.

Yes you are absolutely right. I've asked Admin to revise those figures.

The figure of RM500,000 is the amount of liquid assets that below 50 years of age need to prove they have when they apply for the MM2H. This figure becomes RM350,000 if you are over 50 years of age.

And, if you have fully paid property of at least RM1 million then the Fixed Deposit is reduced to RM150,000 for under 50 year old and RM100,000 for over 50 years old.

When I applied for my MM2H I was only required to place RM60,000 into a Fixed Deposit. I was over 50 years of age and even though I hadn't bought a property of more than RM1 million in cash, I had bought several for less but the total of cash I had invested in them was more than a million so they only required me to place RM60k in FD which is much more reasonable.

Is the RM350K an amount you must show in liquid assets you must have, but it doesn't have to be placed into a Malaysian bank into a fixed deposit account. And would my retirement accounts  (which are liquid since I am retired and over 60) be sufficient?

Right now I'm on a spouse visa, and expect to remain in that status. But of course if something was to happen before I can get PR  (at least 5 years, more likely 10 or more from what I hear) I wouldn't be crazy about pulling  $100K out all at once to satisfy that requirement. It's a little scary the ways the requirements change drastically.

The liquid assets do not have to be placed in a Fixed Deposit. You just need to prove you have that money and it's in your name.

Thank you very much for your clarification, I feel much better about this now.

I'm seeking a a teaching post, are there any opportunities for me as an Algerian citizen?

You may get a better response if you open a new thread or place an ad in the jobs section of this Forum.

Will I be able to drive a vehicle with my South African drivers licence

Hi Mmiki9,

Probably the best way to check is to contact the Malaysian Embassy in South Africa as they will give you the accurate answer whereas MM2H Agents might give an inaccurate answer.

What I do know is that I was told that I could use my UK Driving License in Malaysia for about six months or so, but that I would eventually need to get a Malaysian Driving License. I never did apply for the Malaysian License, but I did hold an International Driving License for most of the time. Fortunately I didn't have any accidents and was never stopped by the police.

Btw, one of the good things about having the MM2H is that you can buy a new car exempt of import taxes if it is assembled in Malaysia. That covers most of the Japanese brands such as Honda, Toyoto and Nissan, and I think the Korean cars like Kia and Hyundai amongst others. When I bought my car it would normally have cost me RM145k, but I paid just RM91k. Of course a little bit of negotiating took place and I got a few freebies thrown in but the saving is pretty substantial.

There are lots of secondhand cars available in Malaysia and the prices can be really cheap, as well as Malaysian made cars which are the cheapest to buy.

Regards,
Hansson

Thank you Hansson
Is only new cars  exempted from tax

I don't know anyone who has ever had it back.

Yes only new cars. But if you are bringing in a secondhand car from your last country of residence then I think you will also be exempt from import tax.

As far as I know, you need to purchase the car within a year of obtaining your MM2H Visa. And it only applies to one car. When you eventually sell your car you do not have to refund the tax.

Hi,
We have just had approval for MM2H (wonderful) and are coming to KL to complete the process at the beginning of October.  Did you have recommendations for where we might obtain the required medical checkup and certificate, as well as the medical insurance?  Many thanks   Mark.

Hi Hansson. What happens ,when my husband or myself pass away,  with the fixed deposit, investments and property, whiles in Malaysia.  Where can I get info on estate requirements for non citizens reside in Malaysia under MM2H

Hi Kiwi123. Congrats.
My agent in KL logged my application for MM2H today.
How long did you wait for approval

kiwi123 wrote:

Hi,
We have just had approval for MM2H (wonderful) and are coming to KL to complete the process at the beginning of October.  Did you have recommendations for where we might obtain the required medical checkup and certificate, as well as the medical insurance?  Many thanks   Mark.

Hi Mark,

You can get a medical checkup certificate at any GP. But I would recommend speaking to an insurance agent about the checkup and medical insurance, because they will tell you where to go. I used Pacific Insurance (I'm not plugging the company but I was hospitalized for a slipped disc operation and they paid for everything when I checked out of the hospital including outpatient costs and they were also reasonably priced). Let me know when you are in KL and I can message you the contact details of an insurance agent that I used as it is better that you speak directly with her or any other insurance agent first.

Regards,
Hansson

Mmiki9 wrote:

Hi Hansson. What happens ,when my husband or myself pass away,  with the fixed deposit, investments and property, whiles in Malaysia.  Where can I get info on estate requirements for non citizens reside in Malaysia under MM2H

Hi Mmiki9,

I don't have that experience, so I suggest speaking with MM2H directly, and perhaps consulting a lawyer when you are here. Lawyers do not charge exorbitant amounts of money for consultation as they often do in the West.

If you plan to buy property and use a mortgage then you'll use a lawyer and you should specify in the case either one of you passes away that the other can sign for the sale of the property. In anycase, I do strongly advise consulting with a lawyer for all these matters as they will know exactly what to do. You should also arrange to make a Will when you get here.

As for the Fixed Deposits, you must get a letter from the MM2H Department to uplift the FD. Banks will not uplift the FD without that letter. So speaking with MM2H or a lawyer about the eventuality of one of you passing away is important.

Sorry I cannot be more informative.

Regards,
Hansson

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