Malaysia My Second Home (MM2H)
Malaysia MYS
Last verified 2024-09-01Official source
Malaysia's My Second Home (MM2H) program grants a 5-year renewable multiple-entry visa to retirees and high-net-worth individuals, requiring a fixed deposit and offshore income. The program was revamped in 2021 with significantly higher thresholds, making it more exclusive than earlier iterations.
Program Details
- Category
- Retirement
- Processing Time
- 3 months
- Application Fee
- $4,300
- Minimum Income
- $9,100/yr
- Minimum Investment
- $150,000
- Family Included
- Spouse and unmarried children under 34 may be included as dependents; dependent pass fee of ~MYR 500 per person
- Path to PR
- No
- Path to Citizenship
- No
- Physical Presence
- Under revised 2023 rules: minimum 90 days per year in Malaysia
- Dual Citizenship
- Not allowed
- Tax Impact
- Foreign-sourced income is not taxed in Malaysia. MM2H holders are not required to pay Malaysian income tax on income earned abroad. Local income is subject to standard Malaysian income tax.
- Renewal Cost
- $1,100
RM 40,000/month (~$9,100 USD/month) offshore income for standard tier, RM 10,000/month for Silver tier, RM 7,000/month for Platinum tier (Platinum also requires a larger fixed deposit)
Key Requirements
- ✓Fixed deposit of RM 500,000–RM 1,500,000 depending on tier (Silver/Gold/Platinum)
- ✓Offshore monthly income of RM 7,000–RM 40,000 depending on tier
- ✓Minimum liquid assets of RM 500,000–RM 1,500,000
- ✓Clean criminal record
- ✓Medical examination and health insurance
- ✓Must be at least 25 years old for Silver/Gold; no minimum age for Platinum
- ✓Application through Malaysia Immigration Department
Nationality Restrictions
This program restricts applications from nationals of: Israeli and certain other nationals may face restrictions; check with Malaysian Immigration
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