Malaysia My Second Home (MM2H) program [Issue 1 of 4]

In June 2024, the Malaysian government announced planned changes to the Malaysia My Second Home (MM2H) program, a residency scheme offering long-term visas for foreigners to live in the country.

The revised MM2H programme, now includes three categories: Platinum, and Gold, Silver along with a special category for Special Economic Zones (SEZ) and Special Financial Zones (SFZ).

In this issue, we discuss the requirements for the PLATINUM Category.

1. Principal’s Age Requirement
   25 years old & above
2. Financial Requirements:

• Deposit/fixed deposit (FD) amounting to USD 1 million
• A maximum withdrawal of up to 50% is allowed on the principal value of the FD after receiving approval to participate in the MM2H Program, for the purposes of purchasing a house, education, healthcare, and tourism activities in Malaysia.

3. Participation Fee (One-Off)

• A participation fee of RM200,000 for the principal applicant (one-off).
• NO participation fee for dependents.

4. Purchase Of Residential Property

• It is mandatory to purchase and own a house after receiving approval to participate in the MM2H Program.
• The minimum value of the house that can be purchased by participants is RM2 million or above.
• Reselling the house is not allowed for 10 years. However, upgrading to a new house with a higher value than the owned house is permitted.

5. Minimum Length of Stay
   Must reside in Malaysia for at least 90 days (cumulative) in a year.

6. MM2H Pass Validity
   20 years with Multiple Entry Visa (MEV) and to be renewed every 5 years.

7. Dependents and Foreign Domestic Helper
   Participants are allowed to bring their dependents and Foreign domestic helper.

8. Medical Treatment
   Allowed to undergo long-term medical treatment in Malaysia.

9. Business/Investment Activities/ Employment Opportunities
   Participants are allowed to engage in business, make investments, and pursue employment opportunities.

Stay tune for the upcoming newsletter, we will share with you more on Malaysia My Second Home (MM2H) program.