MM2H New Requirements 2024

 

The MM2H – Malaysia My Second Home program has recently made changes to its eligibility criteria, allowing individuals to obtain long-term residency in Malaysia. These MM2H new requirements in 2024 include revised financial and personal criteria designed to make it easier for individuals and families to enjoy an enhanced quality of life in Malaysia.

Stay informed about the new requirements for the Malaysia My Second Home program! Our agency offers expert guidance to help you navigate the updated application process effortlessly. Ensure a smooth transition to long-term residency in Malaysia with our dedicated support. Let us assist you in your journey today!

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MM2H New Requirements malaysia

MM2H Requirements for Visa Permit Application

MM2h Visa Application Guide in 2024: Learn about the key requirements for applying to the Malaysia My Second Home program, including financial criteria, age limits, and visa permit details. Secure a long-term visa and enjoy residency in Malaysia for 5, 10, or 20 years. The new MM2H programme, now includes three categories: Silver, Gold, and Platinum. The new MM2H regulations maintain the three-tier framework without any income requirements structure that MoTAC introduced in December 2023 but introduce changes to the program’s criteria.

Fixed Deposit
MM2H Term
Age Requirement
Compulsory Property Purchase
Fixed Deposit withdrawal allowed after 1 year
Government Application Fee
Government renewal Fee
Other Financial Requirements
Days in Malaysia Per Year Age 25 - 49
Days in Malaysia Per Year Age 50+
Dependents
Parents and In-Laws
Business Activity/Owning a Business
Employment
Tax Examption
Silver
USD150,000
5 Yrs Renewable
Minimum Age 25 for Main Applicant
Minimum RM600,000 property price within Malaysia
Maximum 50% withdrawal for proerty purchase, medical, education & tourism purpose
RM1,000
RM1,500
No Income or other liquid fund required
90 days per year between main applicant or spouse & dependents
90 days for main applicant and spouse
Maximum age of child 35 & single
Allowed (must be age 60+)
Must Apply Separately
Not Allowed
No tax on foreign fund/income and profit on fixed deposit in Malaysia
Gold
USD500,000
15 Yrs Renewable
Minimum Age 25 for Main Applicant
Minimum RM1,000,000 property price within Malaysia
Maximum 50% withdrawal for proerty purchase, medical, education & tourism purpose
RM3,000
RM3,000
No Income or other liquid fund required
90 days per year between main applicant or spouse & dependents
90 days for main applicant and spouse
Maximum age of child 35 & single
Allowed (must be age 60+)
Must Apply Separately
Not Allowed
No tax on foreign fund/income and profit on fixed deposit in Malaysia
Platinum
USD1,000,000
20 Yrs Renewable
Minimum Age 25 for Main Applicant
Minimum RM2,000,000 property price within Malaysia
Maximum 50% withdrawal for proerty purchase, medical, education & tourism purpose
RM200,000
RM5,000
No Income or other liquid fund required
90 days per year between main applicant or spouse & dependents
90 days for main applicant and spouse
Maximum age of child 35 & single
Allowed (must be age 60+)
Allow
Allow
No tax on foreign fund/income and profit on fixed deposit in Malaysia

Under the withdrawal and minimum property value restrictions:

Platinum tier MM2H holders –  can withdraw a maximum of RM2.5 million but must purchase a property for at least RM2 million.

Gold tier MM2H holders –  allows a maximum withdrawal of RM500,000 and acquire a property of at least RM1 million.

Silver tier  MM2H holders – can withdraw a maximum of RM250,000 and must acquire a property valued at RM600,000.

(source: https://www.imidaily.com/asia-pacific/malaysia-announces-new-mm2h-rules-scraps-route-to-pr/)

MM2H Special Zone Requirements for Visa Permit Application

The new MM2H programme includes : A special category for Special Economic Zones (SEZ) and Special Financial Zones (SFZ).

Johor’s Onn Hafiz had previously proposed that the Special Economic Zone span a vast area covering 3,505 sq km. That would make it larger than Shenzhen, the special economic zone which borders Hong Kong. The Johor-Singapore Special Economic Zone would include 16 economic sectors, including electrical and electronics, manufacturing and healthcare.

(source: https://www.britcham.org.sg/news/malaysia-expects-sign-deal-singapore-september-special-economic-zone#:~:text=The%20Johor%2DSingapore%20Special%20Economic,up%20to%20the%20economic%20zone.)

On 25 August 2023, the Government of Malaysia announced the introduction of a Special Financial Zone (SFZ) in Forest City, aimed at boosting investment. The SFZ is meant to lower the cost of doing business by offering several incentives and the extension of benefits previously available in Iskandar Malaysia to encompass Forest City. 

(source: https://www.pmo.gov.my/2023/08/special-financial-zone-to-be-created-in-forest-city-pm-anwar/)

Fixed Deposit
MM2H Term
Age Requirement
Compulsory Property Purchase
Fixed Deposit withdrawal allowed after 1 year
Government Application Fee
Government renewal Fee
Other Financial Requirements
Days in Malaysia Per Year Age 25 - 49
Days in Malaysia Per Year Age 50+
Dependents
Parents and In-Laws
Business Activity/Owning a Business
Employment
Tax Examption
Age 21 - 49
USD65,000
10 Yrs Renewable
Minimum Age 21 for Main Applicant
RM500K for Forest City SEZ
Maximum 50% withdrawal for proerty purchase, medical, education & tourism purpose
RM1,000
RM300
No Income or other liquid fund required
90 days per year between main applicant or spouse & dependents
90 days for main applicant and spouse
Maximum age of child 35 & single
Allowed (must be age 60+)
Must Apply Separately
Not Allowed
No tax on foreign fund/income and profit on fixed deposit in Malaysia
Aged 50+
USD32,000
10 Yrs Renewable
Minimum Age 21 for Main Applicant
RM500K for Forest City SEZ
Maximum 50% withdrawal for proerty purchase, medical, education & tourism purpose
RM1,000
RM300
No Income or other liquid fund required
90 days per year between main applicant or spouse & dependents
90 days for main applicant and spouse
Maximum age of child 35 & single
Allowed (must be age 60+)
Must Apply Separately
Not Allowed
No tax on foreign fund/income and profit on fixed deposit in Malaysia

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MM2H FREE Consultation

You can consult and apply MM2H directly or through our licensed agents located in Johor Bahru (JB), Kuala Lumpur (KL), Penang (PN), Sabah, Sarrawak, even in Singapore. Our licensed MM2H agents will assist you in navigating the MM2H application process with ease, making it easy to start your journey to Malaysia.

Get professional MM2H consultation services to guide you through the Malaysia My Second Home program.  From visa applications to residency guidance, we simplify the Malaysia My Second Home process, ensuring a hassle-free journey to securing your 5, 10, or 20-year visa. Let us make Malaysia your second home, unlock your dream of living in Malaysia with our personalized MM2H consultation services.

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Embark on your adventure with the MM2H program! Let our expert agency guide you through the application process and help you unlock the door to long-term residency in this beautiful country. Start living your dream life in Malaysia today—contact us now to get started! Contact us now to begin your Malaysia My Second Home application process

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