Malaysia My Second Home (MM2H) program [Issue 4 of 4]
In this issue of the newsletter, we delve into the requirements for the Special Economic Zones (SEZ) and Special Financial Zones (SFZ).
- Principal’s Age Requirement
Applicants must be 21 years old and above, especially to encourage foreign investment. - Financial Requirements
． Applicants must have a fixed deposit (FD) as follows:
．USD 65,000 for ages 21 to 49
．USD 32,000 for ages 50 and above
．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 dependents. - 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 property is subject to the respective state property acquisition policies.
．The property purchase must be directly from the developer and not through real estate agents or existing owners.
．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
15 years with Multiple Entry Visa (MEV) and to be renewed every 5 years. - 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.
In summary, the revised MM2H program features four categories—Gold, Silver, Platinum, and SEZ /SFZ, each offering distinct benefits to accommodate various preferences and investment capacities for long-term residency in Malaysia.
