Malaysia My Second Home (MM2H)
The Malaysian Second Home Project (MM2H) is a project that is strongly promoted by the Malaysian government and cooperates with the promotion of the Tourism Bureau and the Immigration Bureau. Allow foreigners who meet certain conditions to obtain a multiple-entry social visa for long-term stay in Malaysia. “Second Home” is not a complete immigration plan, but a long-term visa-free conditional permanent residence plan, or a kind of overseas residence privilege and status.Because it does not need to accept immigration supervision abroad, and does not need to report to the country for the record. You can live or not. This relatively free status can be put on hold when it is not necessary, but it can obtain many privileges other than residence abroad if necessary. After joining the Malaysian Second Home Project, in addition to having a special status in Malaysia, he enjoys many benefits.And there is no need to give up any identity, status, welfare, career, and social relations of one’s own country. The program has received a warm response since its launch, attracting enthusiastic applications from people all over the world who like Malaysian life. Since 2002, more than 40,000 foreigners from 130 countries have been approved.
Introduction to Malaysia
Malaysia is a multi-ethnic country with a total population of more than 32 million people. The population is Malay, followed by Chinese, Indians and others. Among them, Chinese are the second largest ethnic group in Malaysia, accounting for about 25% of the total population. Most of them are descendants of Chinese immigrants in the 19th century and are known for their hard work and business acumen. And master multiple languages, such as Malay, English, Chinese, Cantonese, Hokkien and others.
Malaysia has a land area of about 330,000 square kilometers. The South China Sea is divided into two sides: western and eastern Malaysia, the capital is Kuala Lumpur, and the political center is Putrajaya. Malaysia consists of 13 states and 3 federal territories: Perlis, Kedah, Penang, Perak, Selangor, Terengganu, Kelantan, Sarawak, Sabah; Kuala Lumpur, Labuan, Putrajaya (Federal Territory) )
Why choose Malaysia
The government’s support
This plan is promoted, planned and implemented by the Malaysian government. Therefore, the government will continue to develop this plan to ensure its success.
Social Environment
Malaysia is a country composed of diverse ethnic groups and living in harmony. The cultural customs of various ethnic groups. Language, traditional history and modern architecture coexist, interweaving a fascinating picture of Malaysia.
Culture and language
Malay is the official language and English is the second language. But other languages are still free to use. Since Malays account for the vast majority, Malay culture naturally becomes the main culture of Malaysia, but the culture of other ethnic groups can still coexist. The cultures of all ethnic groups are even more freely integrated. And Malaysia is a country where overseas Chinese gather and retains the most perfect Chinese culture and language. There is a dialect ecology of multiple origins, such as Fujian dialect, Cantonese, Hakka, Chaozhou dialect and so on. In addition, the international language English is also one of the languages used by government agencies and private institutions.
Educational environment
The formation of Malaysian education is based on British education, which was once one of the British colonial countries. Malaysian education focuses on the examination system and uses a variety of unified examinations to assess students’ academic qualifications and abilities. Malaysia is the education district of Asia and European and American countries, where you can find many international schools, Malaysian schools in Europe, America or other countries. Malaysia is known for having high-quality educational resources and a springboard for connecting European and American schools. The cost of living abroad is cheaper than that of Western countries or other Asian countries. Among them, Mont’Kiara International School, International School of Kuala Lumpur, St. Joseph’s Institution International School Malaysia, Alice Smith School, And many others are famous international schools in Malaysia.
International Living, an authoritative organization that researches global retirement and immigration opportunities in medical facilities
, announced the 2019 Global Retirement Index. Malaysia has been selected as one of the most suitable countries for retirement and retirement, ranking the best in Asia for 3 consecutive years. The reputation of heaven. Low prices, the laws of the British system, cheap and efficient public transportation and affordable medical costs have made Malaysia a famous name. Among them, the organization also ranked Malaysia as the world’s best medical country on several occasions. In 2019, Malaysia once again ranked first with 95 points. Malaysia has a world-renowned medical standard, and has been rated as the world’s most cost-effective and one of the fastest growing medical tourism destinations in Asian countries. The coexistence of local oriental culture, tradition and modern medicine is an amazing part. The Prince Court Medical Centre, Gleneagles Kuala Lumpur, Sunway Medical Centre, Columbia Asia Hospital, Tongshan Hospital-Tung Medical Hospital Shin Hospital) and others are the best medical centers in Malaysia.
Cost of living and facilities
Malaysia has been selected as the world’s best retirement country due to low cost of living and affordable medical expenses, winning the Asian regional crown. Malaysia is very suitable for living, high-quality lifestyle, low consumption, good air transportation system and health care facilities, adequate educational opportunities, excellent infrastructure, multicultural society, beautiful natural environment and pleasant climate.
Climate and geographical location
Malaysia is not a four-season country. Due to its location near the equator, the climate is warm and rainy all year round. The average temperature falls between 23 and 33 degrees Celsius. Due to its geographical location, Malaysia is a relatively safe country with no natural disasters.
Leisure and Entertainment
Malaysia has many leisure spots suitable for a family, such as theme parks, forest trails, leisure sports and water sports, and is the country with the most golf courses.
Gourmet
multi-ethnic derived from a variety of dishes that can satisfy every foreigner the most discerning taste buds. All ethnic groups have preserved their dietary traditions and also merged into new cuisines. Coupled with rich ingredients, it reflects the essence of diverse foods, not to mention the world-famous tropical fruits, which is the reputation of Malaysia as a food paradise. Compared to immigration to Western countries, the elderly at home may feel uncomfortable with the local climate, language, and food. Malaysian Chinese account for 25% of the population, and living in Kuala Lumpur can easily buy Chinese food ingredients and condiments in Chinese.Petaling Street Kuala Lumpur
International School of Kuala Lumpur
Prince Court Medical Centre
Tongshan Hospital-Tung Shin Hospital
Malaysia ranked first TPC Kuala Lumpur Golf Course
Advantages and benefits of the Second Home Project (MM2H)
In addition to enjoying a high-quality life and a comfortable living environment in Malaysia, second home applicants can also enjoy many conveniences in life.
Participation conditions and duration
Anyone who is 21 years old or above and meets the financial conditions can apply for single or family members. After a successful application, you can have a ten-year stay period, and after the expiry, you can continue for another ten years. There is no limit to the number of entries and exits.
No need to relinquish your original nationality for your own national identity ; even the international change will not affect your second home identity.
Application Steps
There is no immigration supervisor, no language interview requirements, no place of residence restrictions, no need to report the place of residence, no language communication barriers (commonly used in Chinese and English). And can cancel the identity of the second home at any time, and withdraw all funds.
Visas
for foreigners Residents in Malaysia can apply for visas at consulates in more than 160 countries.
Investment
There is no investment risk in moving to Malaysia, and time deposits are deposited in accordance with the regulations, and interest can be distributed every year; after one year of expiration is eligible, you can apply to withdraw part of the deposit. It is allowed to open stock investment accounts. Allowing to do business in Malaysia is subject to government regulations and policies.
Financial management
allows the opening of Malaysian bank accounts, time deposits, remittances, and foreign currency accounts.
Taxation
According to the Malaysian Taxation Bureau, all foreign-sourced income is not subject to tax, and funds remitted to Malaysia are exempt.
Purchasing real estate
Applicants can apply for a Malaysian bank mortgage without unlimited purchase of real estate. The minimum purchase amount for foreigners to purchase real estate is based on the policies of the state governments. The minimum purchase amount for most states is MYR 1 million. Applicants can also enjoy a higher loan amount, loan applications are more easily approved.
Purchasing a car
Participants can enjoy concessions exempt from import tax, sales tax and consumption tax in the following cases: they can transport personal cars from abroad to Malaysia or buy cars assembled locally in Malaysia and can apply for mortgages and car loans from Bank of Malaysia.
Insurance
Allows the purchase of medical, savings and investment insurance policies in Malaysia.
Children and parents
apply for one person. Immediate family members (spouse, children, parents) are granted visas. There is no upper limit for the number of family members, and there is no need to increase the fixed deposit amount. Applicants can bring unmarried children under the age of 21 to live in Malaysia, and parents aged 60 or above to come to Malaysia to live. When the passport is valid, parents can enter the country with a 6-month social security pass and renew it.
Education
Children enjoy quality education and can be educated in public, private or international schools, and their diplomas are recognized by most academic institutions worldwide. Children aged 21 or above who wish to study at a Malaysian university must enter the country with a student ID.
Medical equipment
Malaysia has advanced medical facilities. The medical insurance purchased by the applicant already covers most basic medical needs.
Maid/Nanny
Can apply for a maid/nanny brought into the country of origin or hire a maid/nanny or caregiver in Malaysia to assist with housework and take care of the elderly and children, the regulations of the Malaysian Immigration Department must be followed.
Pets and furniture You
can apply for babysitters, furniture, and pets brought into your country of origin.
Applicants for concession work permits (50 years old and above) can hold a concession work permit to work in a specific field for less than 20 hours a week, subject to the decree of the Malaysian Immigration Department.
Application Conditions for the Second Home Project (MM2H)
Those under the age of 50
• Prove that the monthly income exceeds the equivalent of MYR 10,000
• Prove that you have current assets exceeding the equivalent of MYR 500,000
• No criminal record
• After approval, you must arrive in Malaysia to open a fixed deposit account and deposit
Deposit 300,000 MYR • Bank interest can be charged for deposits; 150,000 MYR can be applied for after one year (for house purchase, car purchase, medical treatment or child education)
• Maintain a minimum fixed deposit of MYR 150,000
Those over 50 years of age
• Prove monthly income of
more than MYR 10,000 equivalent • Prove possession of current assets of more than MYR 350,000 equivalent
• No criminal record
• After approval, you must arrive in Malaysia to open a fixed deposit account and deposit
Deposit 150,000 MYR • Bank interest can be charged for deposits; 50,000 MYR can be applied for after one year (for house purchase, car purchase, medical treatment or child education)
• Maintain a minimum fixed deposit of 100,000 MYRApplication Process for Good People Certificate• Bring an intermediary company letter, Hong Kong identity card (before and after the original copy), passport (original copy of the information page) to the Malaysian consulate in Hong Kong to apply for special approval.
• Pay approximately HK$42, and the consulate will notify you after one week.
• To bring a consulate approval letter to Wan Chai Police Station to apply for a good citizen certificate, the cost is about HK$225.
• It takes 3-4 weeks to complete the police station, and the applicant will be notified after receiving the consulate.
• Applicants send the courier together with the remaining originals to the intermediary company.Sample of Hong Kong Good People Certificate
List of application documents for the Second Homestead Program (MM2H)
Main applicants
• Passport copy (entire copy) is valid for more than 2 years
• Certificate of good citizenship (original)
• Work certificate (original company seal)
• Payroll for the last 3 months (original company seal)
• Corresponding to the payroll 3 months bank statement (original bank seal)
• Certificate of bank deposit equal to MYR 350,000/350 (original bank seal)
• Resume
• Personal photo (3.5 X 5.0 CM) light blue background (5 photos)
• Reason for application Letter
• Other supporting documents: personal business cards, bank manager business cards, real estate certificates, university diplomas, company licenses, etc.
Spouse and child
• Passport copy (whole copy) valid for more than 2 years
• Copy of marriage certificate
• Copy of child’s birth certificate
• Personal photo (3.5 X 5.0 CM) Light blue background (5 photos per person)
Note: All documents must be provided in English
Required Forms
• Application Forms
• Personal Health Declaration Forms
• Inquiry about Bank Authorization Letter
• Inquiry about In-service Certificate Authorization LetterThe application process of the Second Home Project (MM2H)
Consultation/Signing a contract
• The agent will consult with the applicant online
• Sign a service contract
• Pay the down payment agency fee
Submit the application
• After the documents are prepared, express to the agent
Prepare the required documents
• The agent receives the documents and it takes 3-5 working days to process them
• Submit to the Malaysian Second Home Project (MM2H) Center
• Scan the submission credentials and issue to the applicant
Awaiting approval (6 months approval period (subject to the latest announcement of the Malaysian government))
• Or conditional approval
~ Must report to Malaysia within 6 months (at least 5 working days must be arranged)
~ Matters must be handled after registration
a) Medical examination
b) Purchase medical insurance
c) Open a fixed deposit account with a Malaysian bank and deposit the designated 150,000 or 300,000 ringgits
d) Agent submits the passport to the Immigration Department and pastes the visa
~ complete the procedure, successful visa
• Rejected
~ Understand the reason and appeal
~ Follow the new application information
~ Wait for the appeal result
a) Approve and continue to complete the post-approval process
b) Rejected again
– continue to appeal
– give up the application and refund the agent
• Blacklist
~ The application is not accepted ~ Reason for being
on the blacklist: Poor records, exposing fraudulent bank deposit documents