10 Years
Renewable
RM 500K - 1M
Age-dependent
Yes
Spouse + children
3-6 Months
Average
Financial Requirements 2024
Monthly Offshore Income
RM 40,000 minimum
Liquid Assets
RM 1.5 million minimum
Fixed Deposit (Malaysia)
RM 1 million
50% withdrawable after 1 year for property/education/medical
Monthly Offshore Income
RM 40,000 minimum
Liquid Assets
RM 1.5 million minimum
Fixed Deposit (Malaysia)
RM 500,000
50% withdrawable after 1 year for property/education/medical
- • Application fee: RM 5,000 (non-refundable)
- • Annual pass fee: RM 500 per person
- • Medical insurance: Varies by age and coverage
- • Agent fees (if using): RM 8,000 - RM 15,000
MM2H Benefits
- Buy unlimited properties above RM 1M
- No state approval needed
- Bank loan up to 70% available
- Include spouse and children under 21
- Bring parents over 60 as dependents
- Children can study in Malaysia
- Tax-free foreign income
- No inheritance tax
- Tax exemption on car import (1 vehicle)
- Set up own business in Malaysia
- Work remotely for overseas companies
- Part-time consultant work with approval
- 10-year visa (renewable)
- Multiple entry visa
- 90 days minimum stay per year
- Low cost of living
- Quality healthcare access
- English widely spoken
Application Process
Important Restrictions
- Cannot work for Malaysian companies (unless with special approval)
- Cannot apply for permanent residency (PR) through MM2H
- Must maintain minimum 90 days stay per year in Malaysia
- Cannot withdraw fixed deposit before 1 year (except 50% for approved purposes)
- Cannot purchase properties below RM 1 million threshold
Frequently Asked Questions
MM2H is a long-term visa program that allows foreigners to live in Malaysia for up to 10 years (renewable). It's designed for retirees and individuals who wish to make Malaysia their second home.
For applicants under 50: Monthly offshore income of RM 40,000, liquid assets of RM 1.5 million, and fixed deposit of RM 1 million. For applicants 50 and above: Monthly offshore income of RM 40,000, liquid assets of RM 1.5 million, and fixed deposit of RM 500,000.
MM2H visa holders cannot work for Malaysian companies but can set up their own business, work remotely for overseas companies, or work as consultants with special approval.
MM2H holders can purchase unlimited properties above RM 1 million without state approval, get easier bank loan approvals (up to 70% financing), and enjoy long-term residency for property management.
The MM2H application process typically takes 3-6 months from submission to approval, depending on completeness of documents and current processing times.
Yes, MM2H allows you to include your spouse and unmarried children under 21 years old. You can also bring parents (over 60) as dependents with additional fixed deposit requirements.
MM2H holders must spend at least 90 days (cumulative) per year in Malaysia to maintain their visa status.
MM2H holders are taxed only on Malaysia-sourced income. Foreign income remitted to Malaysia is generally tax-exempt. However, consult a tax advisor for your specific situation.