Tagged: MM2H
The Malaysia My Second Home (MM2H) program is a long-term residency initiative designed for foreign nationals who want to live in Malaysia. With tax exemptions, access to world-class healthcare, and opportunities to invest in real estate, MM2H is an excellent choice for retirees, families, and professionals seeking a home in Malaysia.
Here’s everything you need to know to navigate the program as a prospective homeowner.
MM2H Categories and Fee Breakdown
The MM2H program offers four categories based on residency duration:
| Category | Duration | Service Fee | Participation Fee | Dependent Fee |
|---|---|---|---|---|
| Silver | 5 years | RM 40,000 | RM 1,000 | Up to RM 7,000/pax |
| Gold | 15 years | RM 55,000 | RM 3,000 | Up to RM 12,000/pax |
| Gold (20 Years) | 20 years | RM 70,000 | RM 200,000 | Up to RM 15,000/pax |
| Special Zone | 10 years | RM 40,000 | RM 1,000 | Up to RM 9,500/pax |
What Does the Service Fee Include?
- MM2H pass and multiple entry visa
- Journey performed visa
- Basic medical insurance (1 year)
- Medical check-up in Malaysia
- Processing fees and security bond (if required)
Exclusions:
The service fee does not include:
- Participation fees (paid once by the principal applicant)
- Dependent-related fees
- Translation, notarization, and certification of documents
- Medical check-ups conducted in the applicant’s home country
- Travel expenses, such as airfare, accommodation, and meals
Fixed Deposit Requirements for Homebuyers
Applicants must place a fixed deposit in a Malaysian bank, which can later be partially withdrawn for property purchases or other approved expenses.
| Category | Fixed Deposit Amount (USD) |
|---|---|
| Silver | USD 150,000 |
| Gold | USD 500,000 |
| Gold (20 Years) | USD 1,000,000 |
| Special Zone | USD 32,000 (50+ years old), USD 65,000 (21+ years old) |
Withdrawal Option: After the MM2H pass is endorsed, up to 50% of the fixed deposit can be used for:
- Property purchases
- Education costs
- Healthcare expenses
Property Purchase Requirements
Participants can buy properties in Malaysia under these conditions:
- Minimum Purchase Price: Varies by state. Ensure your property meets MM2H and state-specific requirements.
- Eligible Property Types:
- New and second-hand properties qualify.
- In Economic Zones, properties must be purchased from developers.
- Ownership Restrictions:
- Properties cannot be sold for 10 years.
- However, upgrading to a higher-value property is allowed.
- Documentation Needed:
- Sales and Purchase Agreement
- Proof of at least 10% payment
Dependent Costs
If family members join the application, here’s an estimate of their costs:
| Item | Cost (per dependent) |
|---|---|
| MM2H Pass | RM 500/year |
| Multiple Entry Visa | RM 6–50/year (based on nationality) |
| Journey Performed Visa | RM 506–550 |
| Basic Medical Check-Up | RM 300 |
| Processing Fee | RM 2,500 |
| Basic Medical Insurance | Varies based on age and coverage |
Benefits of MM2H for Homebuyers
- Tax-Free Offshore Income: Income remitted from abroad is tax-exempt.
- Property Investment: Benefit from Malaysia’s growing real estate market with high appreciation potential.
- Healthcare Access: Enjoy high-quality, affordable medical services for you and your family.
- Residency Flexibility: Spend a minimum of 90 days annually in Malaysia, fulfilled by either the principal or dependents.
- Education for Dependents: Children can study in Malaysia with an MM2H pass or student visa.
Application Process
Follow these steps to apply for MM2H:
- Consult a Licensed MM2H Agent: Discuss eligibility and residency plans.
- Sign Service Agreement: Pay 20% of the service fee upon agreement.
- Prepare Documents: Submit passports, financial proof, police clearance, and other required forms.
- Receive Conditional Approval: Pay the participation fee and await approval.
- Obtain MM2H Pass: Pay the remaining service fee and endorse your pass.
Tips for a Smooth Application
- Start Early: Prepare your documents well in advance to avoid delays.
- Work with Approved Agents: Use a licensed MM2H agency to ensure accuracy and compliance.
- Explore Properties: Visit Malaysia during the application process to find the best property options for your needs.
Take the First Step Towards Homeownership in Malaysia
Let us help you make Malaysia your second home. Whether you’re investing in your dream property or planning for your family’s future, the MM2H program opens doors to endless possibilities.
Let us connect you with a Licensed MM2H Agent today!
📞 Contact Us to schedule your free consultation.
