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Financial Requirements under MM2H Program

Here are the newly issued and currently being refined conditions for June 2024 by the relevant authorities:

Age              : 25 years old and above

Application : exclusively through licensed MM2H Agents

Countries    : Applicants must be from countries that have established diplomatic relations with Malaysia

Property Purchase : Applicants must purchase and own a house in Malaysia (property cannot be sold within 10 years)

Tax               : Funds brought in, such as fixed deposits and offshore income, are eligible for tax exemption.

Permit Transfer: If the principal applicant passes away during the period, the MM2H permit can be transferred to a designated close relative.

Upon successful application, the principal applicant may apply to bring the following dependents:

  • Spouse
  • Biological children / stepchildren / adopted children (under 21 years old)
  • Disabled children certified by a doctor (no age limit)
  • Biological/adopted/stepchildren who are unmarried or unemployed in Malaysia (ages 21 to 34)
  • Parents / parents-in-law
  • Foreign domestic helper (only for Platinum participants)

 

Applicant Item Platinum Gold Silver
Upon Application Application Fee RM200,000 RM3,000 RM1,000
Application fee is a one-time payment only for the principal applicant. No application fee for dependents.
Offshore Income condition removed
Upon Approval Fixed deposit in Malaysia

Open a fixed deposit account of
USD 1,000,000

Open a fixed deposit account of
USD 500,000
Open a fixed deposit account of
USD 150,000

yesSuccessful applicants can withdraw up to 50% for approved expenses relating to house purchase, medical, children's education, and tourism activities in Malaysia and medical purposes.

yesMust maintain a minimum balance of 50%  throughout his/her stay in Malaysia under MM2H program

Property Purchase purchase property above MYR 2,000,000 purchase property above MYR 1,000,000 purchase property above MYR 600,000

The purchased property is prohibited from being sold within 10 years unless approved for resale to buy a higher-value property

Non-compliance will result in the cancellation of the MM2H permit.

Cumulative stay in Malaysia

Reside in Malaysia for at least a cumulative 90 days in a year

*aged 25 to 49 years old, their residence in the country must be fulfilled by their principal, partners, or their dependents respectively.

MM2H Pass valid for 20 years, with Multiple Entry Visas (MEV) granted to the principal and dependents, and it can be renewed valid for 15 years, with Multiple Entry Visas (MEV) granted to the principal and dependents, and it can be renewed valid for 5 years, with Multiple Entry Visas (MEV) granted to the principal and dependents, and it can be renewed
Engagement in Business/Investment/Work Allowed Not allowed Not allowed
Medical Check-up Medical Check-up at clinics or hospitals (mast be panel of Malaysian Ministry of Tourism, Arts and Culture.)

Ipoh Railway Station
Ipoh Railway Station 怡保火车站

 

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