Malaysia

One of the leading economies of Asia, Malaysia is considered 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 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 in the world. It was also ranked as the 18th most business-friendly country.

Malaysia Residency Overview

Malaysia, known for its affordable high quality standard of living and thriving economy, is one of the Southeast Asia’s most vibrant economies due to its continued industrial growth and political stability over the past few decades. The country also offers perfect combinations on the elements that foreigners look for including the tropical climate, continental foods, islands and beaches, historical places and many more. With so much to enjoy and explore in Malaysia, the Government of Malaysia has launched the Malaysia My Second Home Program in 2002 to allow foreigners who meet the criteria to stay in Malaysia for a long period of time. Those who fulfill the criteria of the Program will be offered a renewable 10 years multiple entry social visit pass

  • Top destination

    Ideal place for business and living

  • Stability

    A financial and politic stable

  • Processing time

    Fast processing time

Malaysia Residency

The Malaysia My Second Home (MM2H) 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 people owing to the pleasant climate, availability of the basic infrastructure, and standard of living. The Government of Malaysia realizing the potential of promoting Malaysia as a destination for High Net worth Individuals started the program.

Malaysia My Second Home  is an initiative by the Government of Malaysia to attract and allow foreigners who fulfill certain criteria, to stay in Malaysia for as long as possible on a 10-year renewable Social Visit Pass with Multiple-Entry Visa. It is open to all foreigners from countries that have diplomatic relations with Malaysia regardless of race, religion, gender or age.

Participant will be awarded a 10 year Social Visit Pass with Multiple-Entry Visa and it is renewable.

What are requirements 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 a longer duration. Successful applicants are also allowed to bring their spouses, unmarried children less than 21 years, and dependents.

The eligibility for the 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.
  • The monthly overseas income of MYR 10,000 or above
  • Three months bank statement with a balance of MYR 500,000 each month.

For individuals above 50 years:

  • Liquid assets worth MYR 350,000.
  • The monthly overseas income of MYR 10,000 or above
  • Three months bank statement with a balance of MYR 350,000 each month.

A common criterion for both categories, however, remains to possess 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 the individual has purchase proper worth more than MYR 1 Million in Malaysia.

Out of the above amount of fixed deposit, 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 a 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 the individual has purchase proper worth more than MYR 1 Million in Malaysia.

Out of the above amount of fixed deposit, withdrawal of MYR 50,000 is permitted from the second year onward 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 a fixed deposit at all times.

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. One of our representatives will be in contact with you. You can reach us by 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 mentioning the applicable charges including the refund policy, in the unlikely event that the application is unsuccessful.

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