Malaysia My Second Home Programme
Malaysia My Second Home programme was first
launched by Government of Malaysia in 2002, under the purview of Ministry Of
Tourism Malaysia. The program was initiated to promote tourism industry in
Malaysia as well as to attract individuals abroad to invest and
to stay in Malaysia. Thus, the programme allows citizen of any recognised
country to retire and reside in Malaysia. The programme also extends its
benefit to those, who are interested for a long stay visit or spend extended
periods in the country. Successful applicants are granted a multiple re-entry
visa for a period of 10 years which is renewable subject to the validity period
of their passport.
Eligibility
The programmed opens
to all citizens from foreign nationals recognised by Malaysia regardless of
race, religion, gender or age. Applicants are allowed to bring along their
spouse and children below 18 years old.
Requirements
Financial condition
· Applicants
must show regular monthly income over RM10,000.00 equivalent and cash asset
of over 350,000.00/RM500,000.00
of over 350,000.00/RM500,000.00
· Approved applicants must place fixed deposit of
RM150,000.00/RM300,000.00 with a bank
in Malaysia. This can be waived or reduced in certain circumstances
in Malaysia. This can be waived or reduced in certain circumstances
· After
one year, the amount of fixed deposit needs to remain RM100,000.00/RM150,000.00
throughout the validity of their MM2H visa.
throughout the validity of their MM2H visa.
Employment
· Approved
applicants are not permitted to take full time employment in Malaysia.
· Approved
applicants are allowed to invest in a local company.
· Approved
applicants aged 50 above are allowed to take part time job in Malaysia.
Medical examination and Insurance
· All
applicants are required to undergo a medical examination in Malaysia.
· Approved
applicants must possess a valid medical insurance policy.
Privileges
· Long
Stay Visa
· Freehold
property purchase
· Tax-free
offshore income
· No
inheritance tax
· One
tax-free car
· Approval
for a foreign maid
Applications
The application for
the visa can be made directly to the MM2H Centre at Ministry of Tourism office
in Putrajaya or get the assistance of an authorized agent. The list of
authorised agents can be found on the Ministry of Tourism’s Website.
LIVING IN IPOH
Venture into a peaceful and relaxed city. Experience the fascinating
features of multi-racial and multi-cultural communities here. Explore a wide
variety of the delightful cuisine all around Ipoh. The taste of different
delicacies from diverse ethnicities and cultures will tempt your desire.
Discover the legacy of Ipoh on a guided tour of the heritage trail leading
to several notable historical landmarks around the city centre. Moreover,
the availability of leading hotels, shopping complexes and hypermarkets within
close proximity to the city centre has made Ipoh an ideal place for tourists or
guests to stay and to live. Enjoy an energetic and exciting nightlife, as Ipoh
come alive at several hotspots around the city.
Ipoh’s vibrant lifestyle is well adapted by the city’s dweller and you are most
welcomes to fit in the community. Make your long holiday an ever-lasting
memory.
