Malaysia My Second Home (MM2H)

Malaysia My Second Home is a special incentive programme for foreigners to reside in Malaysia, making it so to speak, their second home. I have come across quite a number of foreign people who have embarked on this programme and have enjoyed their stay in Malaysia, especially in Penang. When I asked them why Penang, their response is, they find Penang to be a very comfortable place to stay. They like the weather, the food, the people. Despite the increasing traffic congestion, many foreigners say that the low cost of living as well as the good standard of English spoken in Penang makes the island a very nice place as a second home.

The government of Malaysia has a program called Malaysia My Second Home or MM2H, targetted towards people who are thinking of setting up residence here. On this page, I want to provide would-be candidates the information. Through the information on this website, as they contemplate making Malaysia their second home, they can also consider Pulau Pinang the choice.

In order to qualify for the Malaysia My Second Home program, you need to fulfil a few criteria which I will go through below. By qualifying for the program, you enjoy a multiple-entry social visit pass, allowing you to reside in Malaysia for as long as possible.

Malaysia My Second Home is open to the citizen of all countries regardless of race, religion, gender or age. Applicants who qualify for this program is allowed to bring their spouse as well as their unmarried children aged 18 or below as dependents.

Under the Malaysia My Second Home program, the applicant must not be married to a Malaysian. Those with Malaysian spouses do not qualify, but should instead apply for the Long Term Social Visit Pass under the "Spouse Programme". Find out more from the Malaysian Immigration website, https://www.imi.gov.my.

Terms and Condition of Malaysia My Second Home Program

Applicants for the Malaysia My Second Home program are expected to show proof that they can support themselves for 10 years in Malaysia, without having to work.

For applicants aged below 50 years old, they need to open a fixed deposit account in a bank in Malaysia to the minimum sum of RM300,000. The applicants may withdraw up to RM240,000 of this amount after one year, for the purpose of buying a house in Malaysia, for the education of their children in Malaysia, or for medical-related expenses in Malaysia. They need to maintain the balance of RM60,000 in fixed deposit in the bank from the second year and throughout their stay in Malaysia under the program.

For applicants aged 50 years and above, they need to open a fixed deposit account in a bank in Malaysia to the minimum sum of RM150,000. The applicants may withdraw up to RM90,000 of this amount after one year, for the purpose of buying a house in Malaysia, for the education of their children in Malaysia, or for medical-related expenses in Malaysia. They need to maintain the balance of RM60,000 in fixed deposit in the bank from the second year and throughout their stay in Malaysia under the program.

Applicants aged 50 years and above who are drawing a Government Pension may also apply if their monthly pension is RM10,000.

As part of the application to the program, applicants as well as their spouse and children intending to reside in Malaysia must submit a medical report from any private hospital or registered clinic in Malaysia. They must also hold a valid medical insurance policy applicable in Malaysia.

To apply for the Malaysia My Second Home program, applicants must apply through any of the licensing agents. The list of licensing agents are available here. For more details about Malaysia My Second Home program, visit its official website at https://www.mm2h.gov.my.

Announcement

Effective 9 January, 2009 foreign citizens may apply to participate in MM2H programme directly, without going through any other third party, OR may continue to use the services of MM2H agents licensed by the Ministry of Tourism, Malaysia.

2. Effective 9 January, 2009 there will be a freeze on issuance of MM2H agent licenses by the Ministry of Tourism, Malaysia.

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 Buy, rent or sell properties in Penang

Do you have a property for sale or to rent out? Are you looking to buy or rent a property? Get in touch with me. WhatsApp me (Timothy Tye) at 012 429 9844, and I will assign one of my property agents to serve you. I will choose the agent for you, according to your property needs. So when you message me, provide me some details of what you need, whether to sell, to buy, to rent or to rent out, and what type of property, is it condo, apartment, house, shop, office or land.

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About this website

Dear visitor, thank you so much for reading this page. My name is Timothy Tye and my hobby is to find out about places, write about them and share the information with you on this website. I have been writing this site since 5 January 2003. Originally (from 2003 until 2009, the site was called AsiaExplorers. I changed the name to Penang Travel Tips in 2009, even though I describe more than just Penang but everywhere I go (I often need to tell people that "Penang Travel Tips" is not just information about Penang, but information written in Penang), especially places in Malaysia and Singapore, and in all the years since 2003, I have described over 20,000 places.

While I try my best to provide you information as accurate as I can get it to be, I do apologize for any errors and for outdated information which I am unaware. Nevertheless, I hope that what I have described here will be useful to you.