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If you’re considering living in Malaysia for an extended period, the Malaysia My Second Home (MM2H) program might be your ideal gateway.
With its attractive benefits, including a 10-year renewable visa, tax exemptions, and the opportunity to enjoy Malaysia’s vibrant culture, MM2H offers unparalleled flexibility for expats.
But how do you qualify and apply? Let’s break it all down.
All You Need To Know About MM2H
- 1. What Is the MM2H Programme?
- 2. Economic Impact of the MM2H Programme
- 3. Benefits of the MM2H Programme
- 4. MM2H Visa Requirements
- 5. Are You Eligible for MM2H? (As Per December 2024)
- 6. MM2H Sarawak Programme
- 7. Alternatives to the MM2H Programme
- 8. MM2H Application Process
- 9. MM2H Program Fees
- 10. MM2H vs. Other Long-Term Visa Options
- 11. How MM2H Supports Your Retirement
- 12. Why Malaysia Is an Attractive Destination for Expats
- 13. Things to know about MM2H
- FAQs About MM2H
1. What Is the MM2H Programme?
The Malaysia My Second Home (MM2H) Programme, introduced by the Ministry of Tourism, Arts, and Culture (MOTAC) in 2002, is designed to allow foreign nationals, particularly retirees, working expatriates, and investors, to live in Malaysia on a long-term basis.
The program grants participants a multiple-entry social visit visa, which is valid for up to 10 years and renewable as long as they meet the program’s requirements.
This initiative is particularly attractive to those seeking a second home in Malaysia due to the country’s low cost of living, rich cultural heritage, and modern amenities. While the MM2H visa allows foreigners to stay in Malaysia for an extended period, it does not lead to permanent residency (PR) status.
Applicants must pursue other avenues to attain PR. However, the program offers numerous benefits, including tax exemptions on offshore income and the ability to purchase property in Malaysia.
Since its inception, MM2H has attracted thousands of individuals from around the world, offering them flexibility in their long-term stay in the country, whether for retirement, business, or investment opportunities.
2. Economic Impact of the MM2H Programme
From its launch until the end of 2018, the MM2H program generated RM40.6 billion in revenue for Malaysia. This income came from a variety of sectors, including:
- Application and approval fees
- Purchases of property by MM2H holders
- Medical treatments received in Malaysia
- Bank deposits placed by foreigners in local banks
- Tourism activities facilitated by MM2H participants
- Other consumer purchases related to daily living in Malaysia
This program boosts the economy and supports industries like healthcare, property, and tourism, contributing to Malaysia’s economic growth by encouraging foreign investment and consumption.
3. Benefits of the MM2H Programme
The Malaysia My Second Home (MM2H) programme offers a variety of benefits that make it an attractive option for expatriates, retirees, and entrepreneurs looking for a long-term stay in Malaysia.
Here are some key advantages of the program:
a. Visa Flexibility
The MM2H visa allows participants to stay in Malaysia for up to 10 years, with the option of renewal. This multiple-entry visa offers great flexibility, enabling holders to enter and exit the country as they please, provided they stay at least 90 days per year.
No work permit is required for those under the program, although certain restrictions apply.
b. Tax Benefits
One of the standout benefits of the MM2H programme is the exemption from taxes on foreign-sourced income. This makes it especially attractive for retirees and business owners who wish to transfer funds into Malaysia.
Additionally, pensions and other government-recognized income are not taxed, allowing expatriates to enjoy their income without the burden of additional taxes.
c. Healthcare
Malaysia’s healthcare system is world-class and affordable, with many private hospitals and medical centers available to MM2H holders. The government offers affordable medical insurance plans, making it easier for participants to access quality healthcare.
This, coupled with Malaysia’s growing status as a medical tourism hub, is a major draw for expatriates and retirees alike.
d. Property Ownership
MM2H holders can purchase residential properties in Malaysia, subject to certain conditions, such as meeting the minimum property price set by each state.
This is a significant benefit for those looking to invest in real estate or purchase a second home in a country with a strong and growing real estate market.
e. Family Support
The MM2H programme allows participants to bring their spouse and children (under 21 years old and unmarried) as dependents.
Children can attend schools and universities in Malaysia under the same visa, with additional applications for higher education if necessary. In some cases, parents of the MM2H holder may also be eligible to join as dependents.
f. Part-Time Employment for Seniors
Applicants over 50 years old may be permitted to work part-time (up to 20 hours per week) in Malaysia, subject to approval by the Immigration Department.
This provides an opportunity for seniors to remain active and supplement their income while enjoying the benefits of living in Malaysia.
g. Business Ownership
MM2H holders are allowed to establish and own businesses in Malaysia, providing an attractive opportunity for entrepreneurs.
However, they cannot participate in the daily operations of the business unless they obtain a separate work visa.
h. Low Cost of Living
Malaysia offers an attractive cost of living, especially when compared to many Western countries.
This makes it an ideal destination for retirees looking to stretch their retirement savings while enjoying a high standard of living, including affordable housing, healthcare, and lifestyle expenses.
4. MM2H Visa Requirements
a. For Applicants Under 50
- Liquid Assets: At least RM1,500,000.
- Offshore Monthly Income: At least RM40,000.
- Fixed Deposit: At least RM1,000,000 in a Malaysian bank account.
b. For Applicants Over 50
- Liquid Assets: At least RM1,500,000.
- Offshore Monthly Income: At least RM40,000.
- Fixed Deposit: RM1,000,000 in a Malaysian bank account.
- Pension Requirement: If you are a retiree, you must show proof of receiving a monthly pension of at least RM10,000.
Additionally, applicants must pay an annual social visit pass fee of RM90 and provide a personal bond of RM2,000
5. Are You Eligible for MM2H? (As Per December 2024)
In June 2024, the Ministry of Tourism, Arts, and Culture in Malaysia introduced a new version of the MM2H package.
This updated package made it easier to apply and grouped applicants into three categories: “Platinum,” “Gold,” and “Silver”.
Let’s have a look!
a. MM2H Basic Application Requirements (For All Tiers)
| Category | Basic Application Information |
| Minimum Applicant Age | 25 years and above |
| Target Applicant | Nationals from countries that have diplomatic relations with Malaysia |
| Duration of Residence | Stay for at least 90 days in a year (cumulative) |
b. MM2H Basic Eligibility Criteria (For All Tiers)
| Category | Basic Application Information |
| Medical Benefit | Allowed to have long-term medical treatment |
| Education Benefit | Families of MM2H participants can study at any higher education institution accredited by the Malaysian Government |
| Tax Exemptions | Yes if the participant brings in funds (for example: a fixed deposit) |
| Transfer of MM2H Pass | Transfer to appointed relative upon the principal’s death |
| Eligible Family Members | – Spouse – Biological children, stepchildren, and adopted children (under the age of 21) – Children with disabilities (No age limit, medical certificate required) – Biological or adopted children, stepsons, and stepdaughters (aged 21-34) who are not employed or married in Malaysia – Parents/father-in-law |
| Permanent Resident Status | None |
**Please take note that both the first application and the renewal of the pass must be processed by the MM2H One-Stop Centre, and a health examination is required for BOTH first-time and renewal applicants.**
c. Eligibility Criteria According to Tier
| Criteria | Platinum | Gold | Silver |
| Fixed Deposit | Deposit a time deposit of at least RM1,000,000 in a designated bank | Deposit a time deposit of at least RM500,000 in a designated bank | Deposit a time deposit of at least RM150,000 in a designated bank |
| Participation Fee | RM200,000 | RM3,000 | RM1,000 |
| Property Value Limit | RM2,000,000 and above | RM100,000 and above | RM60,000 and above |
| Allowed to Bring Maid | Yes | No | No |
| MM2H Pass Validity | 20 Years | 15 Years | 5 Years |
| Engaged in business/investment activities and work in Malaysia | Yes | No | No |
| Renewal Fee | RM5,000 | RM3,000 | RM1,500 |
Additional Information:
- Fixed Deposit: Upon successful application, up to 50% of the fixed deposit can be withdrawn to be used in Malaysia for the purchase of property, education, medical treatment, and domestic tourism.
- Participation Fee: Non-payment by dependents.
- Property Value Limit: It cannot be sold for 10 years, but it is allowed to be resold to upgrade the property (buy a new property of higher value). Those who do not comply with the conditions may be disqualified.
- MM2H Pass Validity: Multiple entry visa, renewable after expiration. If the period is renewed after the expiration of the passport, it must be renewed together with the safe passage label (Lekat Keselamatan) on the passport.
- Renewal Fee: Includes participants’ families and is renewed every 5 years.
6. MM2H Sarawak Programme
While the Malaysia My Second Home (MM2H) program is available nationwide, Sarawak has its own set of requirements due to the state’s autonomy in managing immigration.
The MM2H Sarawak Program is tailored for those who wish to live in Sarawak and requires applicants to meet specific criteria.
Additionally, the program mandates the involvement of a local sponsor, which distinguishes it from the national MM2H program.
Requirements for MM2H Sarawak
- Age: Applicants must be at least 50 years old. In certain cases, individuals under 50 may be eligible, particularly if they have special medical needs or children studying in Sarawak.
- Offshore Income: Applicants must meet the following monthly offshore income requirements:
- Singles: RM7,000
- Married Couples: RM10,000
- Fixed Deposit:
- A minimum fixed deposit of RM100,000 is required, which reduces to RM60,000 after one year.
- Local Sponsor: A Sarawakian citizen or permanent resident must sponsor the applicant. This requirement is specific to the Sarawak program and is not necessary for the nationwide MM2H program.
The MM2H Sarawak program provides a unique opportunity for those interested in living in this beautiful and culturally rich state while offering a slightly more relaxed set of financial requirements compared to the national program.
However, the necessity for a local sponsor and the state-specific criteria are important considerations for potential applicants.
7. Alternatives to the MM2H Programme
If you don’t qualify for MM2H or want to explore other options, here are some alternatives:
- Employment Pass: For those who want to work full-time in Malaysia.
- Investor Visa: For those who plan to set up a business or invest in Malaysia.
- Malaysia Residency: For those who wish to gain permanent residency through other legal means.
8. MM2H Application Process
Applying for the Malaysia My Second Home (MM2H) programme involves several steps. Careful preparation and adherence to the guidelines are essential to ensure a smooth application process.
Below is an overview of the key steps:
Step 1: Document Preparation
Before applying, ensure you meet the financial and age requirements for the program. Gather all necessary documents, which typically include:
- Proof of income (e.g., bank statements, salary slips, or pension details).
- Copies of your passport.
- Medical check-up reports.
- Background checks (if applicable).
Step 2: Application Submission
Submit your completed application either through an accredited MM2H agency or directly via the official government portal. Your application will go through multiple stages, including:
- Document verification.
- Background checks.
- A possible interview with Immigration Department officials.
Step 3: Approval Process
Once your application is submitted, it will be reviewed by the Ministry of Tourism and Immigration.
The approval process generally takes between 60-90 days but can extend to 4-6 months for some cases, depending on the thoroughness of documentation and verification.
Step 4: Fulfilling Financial Requirements
After receiving your conditional approval letter:
- Open a fixed deposit account in a Malaysian bank to fulfill the program’s financial requirements.
- Provide proof of offshore income as required by the guidelines. Once your financial standing is verified, you can proceed with additional steps, such as property purchases or arranging your relocation.
Step 5: Visa Issuance
Upon meeting all conditions:
- Submit the required visa issuance fees.
- Undergo biometric processing.
- Collect your MM2H visa, a 10-year renewable multiple-entry social visit pass.
By following these steps diligently, applicants can ensure a smooth transition into their new life in Malaysia under the MM2H programme.
9. MM2H Program Fees
The MM2H program requires certain fees for application, processing, and renewals:
- Initial Application Fee: Approximately RM 2,000 (non-refundable).
- Visa Issuance Fee: Around RM 90 per year.
- Renewal Fee: After 10 years, you must renew your visa, and a renewal fee of RM 2,000 is required.
- Security Deposit: Applicants will need to place a fixed deposit of RM 1,000,000 in a Malaysian bank (which can be accessed after approval) as part of the program’s requirements.
10. MM2H vs. Other Long-Term Visa Options
Comparison Table:
| Visa Type | MM2H | Malaysia Employment Pass | Malaysia PR |
|---|---|---|---|
| Duration | Up to 10 years (renewable) | 2 years (renewable) | Permanent |
| Eligibility | Age and financial requirements | Job offer from a Malaysian employer | Requires years of residency |
| Dependents | Spouse, children (under 21) | Spouse, children (dependent on job) | Spouse and children |
| Property Ownership | Allowed, with conditions | Not applicable | Allowed, with conditions |
| Part-Time Work | Yes (if over 50) | Yes | Not permitted |
| Income Tax | Tax-free on offshore income | Subject to Malaysian income tax | Subject to Malaysian income tax |
11. How MM2H Supports Your Retirement
One of the primary reasons individuals apply for MM2H is the appeal of retiring in Malaysia. With its low cost of living, high-quality healthcare, and strong expat community, Malaysia provides the perfect environment for retirees looking to live stress-free.
- Cost of Living: Malaysia offers significant savings compared to Western countries. You can enjoy a high standard of living while living on a fraction of the cost.
- Health Care: Malaysia’s private healthcare system is internationally recognized, with affordable options for insurance and medical care.
- Taxation: There is no taxation on pensions or overseas income, making it an attractive destination for retirees looking to stretch their retirement savings.
12. Why Malaysia Is an Attractive Destination for Expats
a. Low Tax Rates
Malaysia’s corporate tax rate is among the lowest in Southeast Asia at 17%, making it a hub for businesses and entrepreneurs. For foreign retirees, the tax on pensions is zero.
b. A Growing Economy
Malaysia’s economy continues to grow, with a GDP per capita of USD 12,450 in 2022, providing an increasing consumer base and excellent opportunities for both investment and lifestyle.
c. Affordable Living
Compared to other expat destinations, Malaysia offers an excellent standard of living at a low cost. Expats can enjoy modern amenities, top-notch healthcare, and beautiful natural scenery without breaking the bank.
13. Things to know about MM2H
a. Can foreigners apply for a home loan in Malaysia?
It’s easy for Malaysians, but can foreigners do it too?
Yes, they can!
According to Bank Negara Malaysia (BNM), foreigners are allowed to use Malaysian Ringgit to get loans for buying houses.
So, foreigners can apply for home loans in Malaysia to buy a house, usually getting 60% to 80% of the money they need.
But, it’s a bit more complicated for foreigners than for Malaysians.
They might need to have lived in Malaysia for more than 5 years and show that they have enough money saved up and invested. The exact rules can vary depending on the bank.
b. Advantages and restrictions of MM2H
| Advantages | Restrictions |
| No restrictions on house purchase | Purchase of Bumiputera units/Malay reserves is not allowed |
| Any type of property (including land) can be purchased | Purchase of properties built on Malay reserved land is not allowed |
| Freehold real estate can be purchased | Not allowed to purchase affordable housing |
| Affordable house prices | Limited to price thresholds for purchasing a house |
The MM2H programme is one of Southeast Asia’s best residency options for retirees and expatriates, offering significant lifestyle and financial benefits. With a low cost of living, top-notch healthcare, and the ability to bring family, Malaysia presents a perfect second-home destination for foreign nationals.
By fulfilling financial requirements and meeting the application criteria, expats can enjoy the advantages of living in one of the most dynamic and diverse countries in the world.
FAQs About MM2H
1. What is the MM2H programme?
The Malaysia My Second Home (MM2H) programme is a government initiative that allows foreign nationals to live in Malaysia on a long-term basis. Participants receive a renewable 10-year visa with multiple-entry privileges.
2. How long is the MM2H visa valid?
The MM2H visa is valid for 10 years, with the option for renewal as long as the applicant meets the financial requirements.
3. Can MM2H visa holders work in Malaysia?
MM2H visa holders cannot work in Malaysia under the programme. However, applicants over 50 years old may be eligible to work part-time (up to 20 hours per week) with prior approval from the Immigration Department.
4. What are the eligibility requirements for MM2H?
Applicants must meet age and financial criteria:
- Under 50 years: RM1.5 million in liquid assets and RM40,000 monthly offshore income.
- 50 years or older: RM350,000 in liquid assets and RM10,000 monthly offshore income.
5. Can my family join me under MM2H?
Yes, MM2H visa holders can bring their spouse and unmarried children under 21 as dependents.
6. Can I buy property in Malaysia under MM2H?
Yes, MM2H holders are allowed to purchase property, subject to the minimum price set by local states. This varies by region, and foreign buyers must adhere to these thresholds.
7. How long does the MM2H application take?
The approval process typically takes 60 to 90 days, although it may vary based on individual circumstances and document verification.
8. What happens if I don’t meet the financial requirements?
If the financial requirements are not met, your MM2H application will be rejected. It is crucial to ensure all financial criteria, including liquid assets and monthly income, are satisfied.
9. Can I bring pets to Malaysia under MM2H?
Yes, MM2H participants can bring pets, provided they meet the veterinary health certification requirements and obtain clearance from the Department of Veterinary Services.
10. What are the penalties for non-compliance with MM2H regulations?
Non-compliance with MM2H regulations may result in visa cancellation, fines, or deportation. It’s important to adhere to all conditions and renew your visa on time.
11. What is the MM2H Sarawak programme?
The MM2H Sarawak Programme is a variation of the national MM2H programme, specifically for those wishing to live in Sarawak. It has slightly different criteria, including the need for a local sponsor.
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