MALAYSIA MY SECOND HOME (MM2H)


Terms and conditions

Following are the terms and conditions when applying for the MM2H program:


Financial requirements:

Successful applicants required to comply with the following financial criteria upon receipt of the "conditional approval letter" from Malaysia Immigration Department.

Applicants are expected to be financially capable of supporting themselves for ten years on this programme in Malaysia, without the need to work in the country. Besides fulfilling the basic financial criteria of Fixed Deposit placement of RM150,000 (for those aged 50 and above) or RM 300,000 (for those aged below 50), applicants should furnish documentation on their financial position to strengthen their application.

  1. Aged Below 50 years old

    Open a fixed deposit account of RM300,000.00.

    After a period of one year, the participant can withdraw up to RM240,000.00 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes.

    Must maintain a minimum balance of RM60,000.00 from second year onwards and throughout stay in Malaysia under this programme.

  2. Aged 50 years and above

    Can either choose to:

    - Open a fixed deposit account of RM150,000.00; or
    - Show proof of monthly off-shore income of RM10,000.00 in government pension

    After a period of one year, participant who fulfills the fixed deposit criteria can withdraw up to RM90,000.00 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes

Participant must maintain a minimum balance of RM60,000.00 from the second year onwards and throughout his/her stay in Malaysia under this programme.

Note:
Successful applicants need to open their fixed deposits in Ringgit Malaysia (RM) only

Participants need to obtain approval from Ministry of Tourism before proceeding to withdraw the fixed deposit

Participants under this programme may withdraw their entire fixed deposit anytime should they decide to terminate their stay in Malaysia under this programme. However, they must obtain prior approval from the Ministry of Tourism.


Medical report

Approved participants and dependents (spouse and children) must possess a valid medical insurance policy which is applicable in Malaysia


Restrictions

Participants under Malaysia My Second Home Programme are not allowed to work/be employed while staying in Malaysia.

In addition, they should not participate in Our Activities that can be considered as sensitive to the local people and a threat to the security of the country


Incentives

Purchase of property

Each participant is allowed to purchase residential houses at price above RM250,000, depending on the location of the property.

Generally the minimum price for the purchase of houses in Malaysia are as follows:

- Above RM 300,000 per unit for certain areas in the state of Sarawak (Kuching, Miri)
- Above RM250,000 per unit for other states


For further enquiries, please contact:

MALAYSIA MY SECOND HOME CENTRE (MM2H)
Ministry of Tourism Malaysia,
Level 23, Menara Dato' Onn,
Putra World Trade Centre,
50695 Kuala Lumpur, Malaysia

Tel No: +(603) 2696 3367 / +603 2696 3354
Fax No: +(603) 2698 8533
Email address: info@mm2h.gov.my
Website: www.mm2h.gov.my