Benefits of MM2H
Malaysia My 2nd Home (MM2H) is a 10 years long stay multiple entry visa. Simple long stay status application with low requirement, regardless of affecting current nationality, taxation issue, and risk of investment. With this status you can enjoy the value added benefits come along as following list:
- Long stay 10 years multiple entry.
- Unlimited renew after 10 years
- Application open for people age 21 and above, single or family can apply.
- 1 person to provide financial document, spouse, children below 21 years old and parents above 60 years old entitle to come together.
- Add in your new marriage spouse or new born baby without raising required FD.
- Risk free
- Required FD to place come with annual bank interest
- Allowed to withdraw part of the FD after 1 year with simple condition
- No number limitation of family members
- No language test or interview required.
- No minimum stay required
- No location limitation to stay in whole peninsula. No need to report place of stay.
- No barrier of communication. English and Mandarin commonly used.
- Not affecting current nationality. Change of nationality does not affect MM2H status as well.
- Application takes 3 – 6 month. After approved, given 6 months of grace period to land in Malaysia.
- Children can study in public and private school.
- Main stream high school graduation certificate recognized by worldwide.
- Allow to bring in home country maid
- Entitle to purchase a tax free local assembled car
- Allow to import own car from home country tax free
- Allow to bring in furniture from home country tax free
- Allow to bring in pet
- Higher chance to get housing & car loan
- Legally to open multiple bank accounts. Allow to open saving, current, FD, and foreign currency account, as well as able to invest bank products.
- Able to apply visa to more than 160 embassies in Malaysia
- Direct transfer your current driving license to Malaysia’s driving license easily.
- Allow to open account and invest Malaysia’s stocks market
- Allow to purchase medical, saving plan, investment plan insurance
- Enjoy GST return while leaving Malaysia airport
- Offshore income are tax free
- Age 50 and above allow to works part time not more than 20 hours per week.
- Allow to terminate anytime and withdraw all the FD
Criteria to Apply to MM2H
MM2H Application is straight forward, transparent, and simple. Malaysia government welcome foreigners age above 21 from all over the world to come over with their lovely family members.
During Application | ||
---|---|---|
< 50 years old | > 50 years old | |
Monthly Income | > MYR 10k | > MYR10k |
Bank Liquid Assets | > MYR 500k | > MYR 350k |
Background | No Criminal Record | |
Waiting Approval | 3 – 6 months | |
Conditional Approved | 6 month grace period to arrange land in Malaysia | |
Required F.D. | MYR 30k | MYR 15k |
Withdrawal after 1 year | MYR 15k | MYR 5k |
Other categories
- Receiving monthly pensions from government more than MYR 10k
- Owning a property more than MYR 1million in Malaysia
MM2H visa expired soon or changes of new passport. Required document: Processing time: 1 working day MM2H participant are allow to withdraw part of the required Fixed Deposit after a period of one year for approved expenses relating to car / house purchase, education for children and medical expenses in Malaysia. A minimum balance must be maintained from the second year onwards and throughout the duration of participation under this program including when applying for extension. Required document: Processing time: 3 – 5 working days You can always add your new married spouse or born baby under your MM2H without increasing any capital in your Fixed Deposit account. Required document: Processing time: 1 month Main applicant can include parents who age 60 and above under the MM2H visa. Visa given to parents are 6 months renewable basis. Required document: Processing time: 1 month To entitle to purchase a Malaysia local assembled car (CKD), MM2H participant must purchase the car within the 1st year getting MM2H visa. The discount of tax is up to 30% from the market price. Participant who wanted to purchase car after 1 year will not entitle for tax free. Import furniture – for personal use purpose are tax free. Understanding of MM2H participants are from many different countries, lifestyle, religion, and diet habit are different as well. MM2H allow participant from different country to bring over the maid from their home country to take care of the family. Application requirement: Processing time: 1 month Due to personal reason you may wanted to terminate your MM2H. You’re allows to terminate your MM2H anytime and withdraw all the money in the bank. Main applicant must enter Malaysia to do the application. Required document: Bank document: Processing time: 5 – 8 working days
Process of Apply
Requirements to join MM2H
Document
Remark
Applicant
1
Full passport copy (Included empty page) (Issuing date less than 1 year need to provide old passport)
Notary public
2
Letter of intention
3
Personal resume, biodata
4
Passport size white background photo x 5
5
Employment letter (Mention position and salary)
Original copy with company stamp chop
6
Latest 3 month salary slip
Original copy with company stamp chop
7
Latest 3 month bank statement which reflect salary
Original copy with bank stamp chop
8
Latest 3 month bank statement or FD cert. which shows minimum liquid asset more than RM 500k / RM 350k
Original copy with bank stamp chop
9
Police clearance / non-criminal record
Original copy
10
Banker’s name card
11
Supporting doc.: Education cert., company profile, property ownership, business card, and etc.
Spouse and child
1
Full passport copy (Included empty page) (Issuing date less than 1 year need to provide old passport)
Notary public
2
Passport size white background photo x 5
3
Marriage Cert. (If come with wife)
Notary public
4
Children birth cert. (If come with children)
Notary public
5
Spouse’s bank statement (If required)
Original copy with bank stamp chop
Required Forms
1
Adult Application Form
2
Children Application Form
3
Health Declaration Form
4
Bank Authorization Form
5
Employment Authorization Form
MM2H Supporting Serviced
Visa Extension or Transfer
MM2H FD Withdrawal
Include Dependent
Include Parent
Purchased Tax Free Car
Import Personal Furniture or Car
Import car – Participant who have MM2H entitle to enjoy tax free to import an own car from home country. The condition is participant must owned the car more than 6 months and must import the car within 6 months after getting MM2H visa.
Apply Maid from Home Country
Termination of MM2H