Malaysia My Second Home (MM2H) program [Issue 3 of 4]
In this issue of the newsletter, we delve into the requirements for the SILVER Category.
- Principal’s Age Requirement
25 years old & above
- Financial Requirements:
- Deposit/fixed deposit (FD) amounting to USD 150,000
- 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.
- Participation Fee (One-Off)
- A participation fee of RM1,000 for the principal applicant (one-off).
- NO participation fee for
- 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 RM600,000 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.
- Minimum Length of Stay
Must reside in Malaysia for at least 90 days (cumulative) in a year.
- MM2H Pass Validity
5 years validity with Multiple Entry Visa (MEV) and is renewable.
- Dependents and Foreign Domestic Helper
Participants are allowed to bring their dependents and Foreign domestic helper is NOT ALLOWED.
- Medical Treatment
Allowed to undergo long-term medical treatment in Malaysia.
- Business/Investment Activities/ Employment Opportunities
Participants are NOT ALLOWED to engage in business, make investments, or pursue employment opportunities. They must apply for the relevant pass if they wish to participate in such activities.
Stay tune for the upcoming newsletter, we will share with you more on Malaysia My Second Home (MM2H) program.
