Benefits of MM2H
Malaysia My 2nd Home (MM2H) is 5 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 5+5 years multiple entry.
- Unlimited renew after 5 years
- Application open for people age 35 and above, single or family can apply.
- 1 person to provide financial document, spouse, unmarried children below 35 years old and parents above 60 years old entitle to come together.
- Risk free. No investment required.
- Required Bank Fixed Deposit 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 location limitation to stay in whole peninsula.
- 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 months. After approved, given 6 months of grace period to land in Malaysia.
- Main stream high school graduation certificate recognized by worldwide.
- Allow to bring in home country maid
- 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
- Able to get Malaysia driving license, recognized by many countries.
- Allow to open account and invest Malaysia’s stocks & shares market
- Allow to purchase medical, saving plan, investment plan insurance
- Offshore income are tax free
- 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 35 from all over the world to come over with their lovely family members.
Upon Application | ||
---|---|---|
Monthly Income Proof | Equivalent > MYR 40,000 | > MYR10k |
Liquid Assets | Equivalent > MYR 1.5 million | > MYR 350k |
Background | Non-criminal & free from infectious disease | |
Immigration Application Fee | Up front MYR 500 per family member | |
Waiting Period of 3-6 Month 6 months grace period to enter Malaysia for visa stamping |
||
Age >50 | Age < 50 | |
Required Fixed Deposit | MYR 1 million | MYR 1 million + MYR 50,000 per dependent |
Immigration Application Fee (Balance) | MYR 4,500 for main applicant MYR 2,000 for each dependent | |
Security Bond | RM 200~2,000 (Depends on nationality) |
Other supporting services that we provide: 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 Application
Requirements to join MM2H
Document
Remark
Applicant
1
Passport Copy (min valid more than 2 years)
Issuing date less than 1 year need to provide old passport copy
2
Light Blue background photo
Soft copy
3
Non-criminal Record
Original copy
4
Personal Bio-data: Stated down personal contact info, education background, and working experience.
5
Employment confirmation letter
Original with company chop
6
Latest 3 months payslip
Original with bank chop
7
Latest 3 months bank statement
Original copy with bank stamp chop
8
Liquid asset document: prefer cash in bank
Original with bank chop
9
Others for supporting: University cert., company profile, business cards, and etc.
Original copy
Spouse and child
1
Passport Copy (min valid more than 2 years)
Issuing date less than 1 year need to provide old passport copy
2
Light blue background photo
Soft copy
3
Non-criminal record (adult only)
Original copy
4
Marriage certificate
If accompany with spouse
5
Birth certificate
If accompany with child
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