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The
Malaysia My Second Home program (commonly abbreviated
"MM2H") is an international residency scheme enacted by the
Government of Malaysia to allow foreigners to live in the
country on a long-stay visa of up to 10 years. To qualify for
the program, applicants must meet certain financial and medical
criteria. Successful applicants are then entitled to enter and
leave the country on a largely unrestricted basis, and also
benefit from other incentives aimed at making their stay in
Malaysia more convenient. Certain restrictions may apply.
Who Are Eligible To Apply?
It is open to all citizens of countries recognized by Malaysia
regardless of race, religion, gender or age.
The applicant must prove a minimum fixed deposit of RM150,000
with any Malaysian financial institution AND have a monthly
offshore income equivalent to at least RM7,000 if single or
RM10,000 if with spouse. But if applicant is above 50 years old,
he has only to prove either a fixed deposit of the same amount
OR a monthly income as stated.
Other Conditions
Having a reputable sponsor can be a help. However, this
condition is not required if the financial background and status
of the applicant satisfies the Processing Officer.
To have a medical report from any recognized hospital.
A medical health insurance valid in Malaysia.
The successful applicant cannot seek gainful employment in
Malaysia unless he possesses special expertise and obtains the
permission of the Malaysian government.
Why Malaysia?
Governmental support:
This program is initiated, organized and launched by the
Malaysian Government. It is, therefore, a program, that the
Government will continuously work to ensure its success.
Standard of living:
Malaysia has one of the highest standards of living in the
region with all the modern infrastructure and facilities in
place.
Cost of living:
Cost of living is one of the lowest in Asia and will remain so
for a very long time. This is achieved through the Government's
efficient monitoring of the economy in ensuring that inflation
is kept low at all times and thereby also the prices of goods
and services.
Weather :
The weather is pleasant, warm and balmy with moderate rain
throughout the year, There are also highland residential areas
and resorts with permanent spring-like weather throughout the
country.
Infrastructure:
The whole country is very well connected with up-to-date, modern
road, rail, air, and sea transportation systems. Public
transport by buses, taxis, trains and planes are comfortable,
efficient and relatively low in cost.
Political stability :
The ruling Government is the longest serving freely elected
Government in the world. It is a Government representing all the
races, religions, cultures etc. found in Malaysia. In fact,
Malaysia is one of the most politically stable countries in the
world.
Rule of law:
The rule of law is one of the fundamentals in Malaysia's
constitution. Everyone is subjected to the law and also equal
before the law. Malaysia practices basically the British system
of justice with an independent reliable and dependable
judiciary.
Safety:
Statistics can proof that Malaysia is one of the safest
countries in the world, its crime rate is relatively low.
Religion:
Islam is the official religion of Malaysia but the constitution
guarantees the right of people to practice other religions.
Residence:
There are quality residences - terrace houses, semi-detached,
bungalows, apartments and condominiums all over the country.
There are also some of the finest residences available in
tourism zones - on beaches, near jungles and near theme parks,
recreational places and city centres. Foreigners are eligible to
buy 2 houses at a cost of not less than RM150,000 each. For this
purpose, they are also entitled for 60% loan from local banks.
How To Apply?
Application can be made direct to :-
Department of Immigration, Malaysia
Block 1 (North), Level 4, Damansara Town Centre,
50550 Kuala Lumpur, Malaysia
Any Malaysian representative Offices overseas and also Tourism
Malaysia Offices
Applications can also be made through agents, lawyers and
others.
To be enclosed with the application are two (2) passport-size
photographs of the applicant, spouse and accompanying children
together with relevant supporting documents.
Approval
Under normal circumstances, all applications that fulfill the
criteria should be processed and approved within 30 days after
submission of the application.
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