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Malaysia My Second Home requirementsIf you are thinking about retiring in Malaysia , the Malaysia government has a unique programme to over you; “ Malaysia , My Second Home”. On this site you will find the basic information regarding this programme, but of course Allo' Expat is more than willing to assist you on any specific matter regarding this programme.
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| Age: | The “Malaysia, My Second Home” programme is open to all persons of any age from all countries recognized by Malaysia. |
| Financial criteria: |
Applicants 50 years and above can either choose to
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| Visa: | Once your application has been approved by the Malaysian authorities you will be supplied with a Social Visit Pass which is initially for a period of ten (10) years (depending on the validity period of the passport) and is renewable. |
| Medical insurance: | Applicants must possess a valid medical insurance policy from any insurance company that is applicable in Malaysia. The list of licensed insurers, their addresses and contact numbers are available at Central Bank of Malaysia. (www.bnm.gov.my) |
| Education: | Applicants are allowed to bring along their dependants (children) under 18 years old either not schooling or are schooling in primary, secondary or in any Institution of Higher Learning. However, dependants who are schooling are required to apply for a Student Pass to continue their education in schools or Institutions of Higher Learning recognized by the Malaysian Government. Please refer to Ministry of Higher Education Malaysia (www.mohe.gov.my) for a complete list of all private institutions of learning. |
| Taxes: | Successful applicants are bound by the policies, systems and regulations of taxes of this country, and they do not have exemption qualifications as granted to Diplomatic Missions in Malaysia. Please refer to Inland Revenue Board Malaysia (www.hasil.org.my) for the tax system.
Tax exemption is given to pension remitted into Malaysia. Applicants must obtain the endorsement from the Authorities in their country of origin as to the total amount of yearly pension received. A copy of this letter has to be submitted in their application for tax exemption. |
Restrictions
Successful applicants are STRICTLY forbidden from the following: |
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| Employment: | Once your pass has been granted, you are not allowed to work or be employed as long as the subjects are under this programme. |
| Sensitive Activities: | Applicants are also strictly forbidden from participating in any activities sensitive to local people, politics, missionary and activities that could be a threat to the security of the country. |
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| House Purchase |
Each participant under this programmeme is allowed to purchase two units of residential houses valued at more than RM150, 000.00 - RM 350,000.00 each depending on the location.
Please note that the ceiling for houses in the States of Melaka, Johor, Pulau Pinang, and Kedah has been set at RM250, 000.00 and above each and ceiling for houses in certain areas of Sarawak has been set up at RM 350, 000.00. |
| Car Purchase | A participant can choose to either import one car which belongs to him personally from his country of residence subject to approved permit (AP), which is exempted from payment of import duty, excise duty and sales tax (within 6 month from the endorsement date of MM2H pass) OR purchase one locally made car in Malaysia which is exempted from payment of excise duty and sales tax (within 1 year period from the endorsement date of MM2H pass). |
| Domestic Helper | Each participant is allowed to bring in one domestic helper but it is not compulsory. |
Application Processing
| Application Requirement: | Applications can be submitted while the applicant is in the country provided that the applicant is in possession of a valid Pass. Successful applicants are exempted from the requirement of leaving the country to obtain a Visa from Malaysian Representative Office abroad. Visa will be issued in Malaysia together with a Social Visit Pass. |
| Fixed Deposit: |
The following documents are required for the opening of FD Account: * Any interest earned on premature FD withdrawal is subject to the participating bank’s discretion. |
| Fees: |
2. Visa fee is chargeable according to the existing rate applicable to each country. Please refer to Immigration Department of Malaysia (www.imi.gov.my) for a listing of the visa fee chargeable according to country of origin. |
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| Approval: | Under normal circumstances, all applications that fulfil the criteria should be processed and approved within 30 working days after submission of the application. |
Extension or |
The applicant must appear in person at the Immigration Department of Malaysia. Participant should bring the following documents and payment:
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| Termination: | The applicant should forward the following documents to the Malaysia My Second Home Centre:
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