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Malaysia My Second Home (MM2H)

This programme benefits non-Malaysian citizen buying in Malaysia, especially for the purpose of personal use, retirement and long term investment.

This programme benefits non-Malaysian citizen buying in Malaysia, especially for the purpose of personal use, retirement and long term investment.

Benefits

Successful applicants under this programme stand to enjoy special benefits include:

  • VISA – 10 years Social Visit Pass and Multiple Re-Entry Visa – Renewal for life (subject to validity of the    applicant’s passport;
  • HOUSE – Can purchase any number of residential property (except for low cost and medium low cost units)    subject to the minimum rates established for foreigners by the different States – EPU approval not required;
  • CAR – Can bring in one’s own purchase locally assembled car without the need to pay import duty, excise    duty and sales tax;
  • EDUCATION – Applicant’s children can receive education (up to 18 of age) under MM2H Study Pass in public    or private schools in Malaysia;
  • DOUBLE TAXATION – For countries which has a “Double Taxation Agreement” with Malaysia, the applicant’s    pension funds remitted to Malaysia is tax exempted if they stay beyond 182 days in Malaysia

Conditions/Requirements

Some conditions concerning finance and health must be fulfilled before a foreign national can be approved for this programme which are as follows:

  1. Proof of credible Oversea Savings of at least RM500k (for applicant below 50 years old) or at least RM350k (for applicant above 50 years old);
  2. Proof of monthly income of about RM10k;
  3. A letter proving good conducts of the applicant issued by police authority of home country;
  4. Financial Requirements:-Certified Medical Report from a local doctor/ specialist – must be minimally healthy and the medical report will be submitted to the Government
    • Applicant above 50 years old – must deposit at least RM150k in a fixed deposit account with a local bank
    • Applicant below 50 years old – must deposit at least RM300k in a fixed deposit account with a local bank
  • Note: The fixed deposit may be withdrawn after a period of one (1) year for the purchase of property, children’s education or medical expenditures. However, a minimum of RM100k must be maintained by the applicant aged below 50 years old in the fixed deposit at all times. The Sale and Purchase Agreement must be signed after the issuance of the visa in order to draw the funds from the fixed deposit (after the 1 year period).

Procedure for Acquisition of Properties under MM2H Programme

  1. Identify the property in which the participant intends to acquire;
  2. Seek information on the property from relevant authorities (land office, local authorities) including the minimum price;
  3. Assign a lawyer and get the Sale and Purchase Agreement signed; AND
  4. Obtain a letter from the Ministry of Tourism certifying that the acquirer is a participant of MM2H Programme.
  • Note: Participants under this programme are not required to obtain prior approval for the purchase and sale of houses from EPU. Participants only need the followings:-
    • Approval letter from the Ministry of Tourism certifying that they are eligible to purchase the said property    under this programme must be issued; AND
    • A copy of the approval letter obtained from the respective State Authority which has authorized the purchase    or sale of the property concerned.