• Malaysia

Malaysia My Second Home Program

One of the leading economies of Asia, Malaysia is considered as a newly industrialized market economy. Although imprinted as the picture of an emerging Asian economy made famous by the Kuala Lumpur Skyline capped by the Petronas Towers, Malaysia also has a very rich history and a picturesque countryside which makes it an important global tourist destination. Located in the global shipping highway near the Straits of Malacca, Malaysia has seen periods of rule under the British as well as the Dutch before it emerged as an independent nation. Modern day Malaysia is one of the most stable and rapidly growing economies of the world. It was also ranked as the 18th most business friendly country.

Malaysia

The Malaysia My Second Home (MM2H) (ماليزيا بيتي الثاني) was brought about keeping in mind the demand from people across the globe who desired to migrate to Malaysia and select it as their second home. Malaysia was a natural choice for many person owing to pleasant climate, availability of the basic infrastructure and the standard of living. The Government of Malaysia realizing the potential of promoting Malaysia as destination for High Net worth Individuals started the program.

Basic Eligibility for MM2H Program

The MM2H (Malaysia My Second Home) Program is open to all individuals capable of supporting themselves irrespective of their race, religion, gender or age. The Government issues a Social Visit Pass for 10 years which can be renewed for longer durations. Successful applicants are also allowed to bring their spouses, unmarried children less than 21 years and dependents.

Requirements for MM2H Program

The eligibility for initial application for the MM2H has been divided into two categories, the first category for individuals below 50 years and the second category for individuals above 50 years.

For individuals below 50 years:
  • Liquid assets worth MYR 500,000.
  • Monthly overseas income of MYR 10,000 or above
  • Three months bank statement with balance of MYR 500,000 each month.
For individuals above 50 years:
  • Liquid assets worth MYR 350,000.
  • Monthly overseas income of MYR 10,000 or above
  • Three months bank statement with balance of MYR 350,000 each month.

A common criterion for both categories however remains possessing a medical report for fitness and possessing valid medical insurance coverage.

On submission of the above information, the application is sent to the authorities and after the approval to the application is received, the individual must take the following steps:

For individuals below 50 years:
  • Open a fixed deposit of an amount of MYR 300,000 in an approved bank in Malaysia.
  • A lower amount of MYR 150,000 may be deposited if individual has purchase proper worth more than MYR 1 Million in Malaysia.

Out of the above amount of fixed deposit, a withdrawal of MYR 150,000 is permitted from the second year onwards for approved expenses such as house purchase, education for children in Malaysia and medical purposes. However, an amount of MYR 150,000 has to be maintained as fixed deposit at all times.

For individuals above 50 years:
  • Open a fixed deposit of an amount of MYR 150,000 in an approved bank in Malaysia.
  • A lower amount of MYR 100,000 may be deposited if individual has purchase proper worth more than MYR 1 Million in Malaysia.

Out of the above amount of fixed deposit, a withdrawal of MYR 50,000 is permitted from the second year onwards for approved expenses such as house purchase, education for children in Malaysia and medical purposes. However, an amount of MYR 100,000 has to be maintained as fixed deposit at all times.

Major Features of the program

The MM2H program provides a hassle free path to your residence in Malaysia. An ideal holiday destination, Malaysia is also an ideal place for your post retirement plans. Malaysia taxes only local income and all your income sourced abroad are exempted. A country with excellent basic infrastructure, medical facilities, education and connectivity to all major cities of the world, Malaysia is your ideal destination for a second home and MM2H the most reliable way.

Choose the Right partner for your MM2h Application

Empire , a leading Professional Services & Advisory Firm focussed on immigration and residency offers you a simplified path to apply for the MM2H program and secure approvals within the shortest possible time. With our team of immigration experts, you are assured that your application is in informed hands. If you are interested in obtaining more information about this program, please complete this short online application (Link to contact us page). One of our representatives will be in contact with you. You can reach us through phone at +60350331665 or visit our website www.empireglobal.partners. We also look forward to your emails at info@empireglobal.partners. We offer clear written contract agreements clearly mentioning the applicable charges including the refund policy, in the unlikely event that the application is unsuccessful.

Malaysia My Second Home Official Portal – MM2H Official- www.mm2h.gov.my

No designation has been made by the Texas Board of Legal Specialization for a Certificate of Special Competence in this area.