This complete guide provides information on the eligibility and conditions for obtaining MM2H for long stay in Malaysia. It also analyses and compares different MM2H programs available for foreigners. Last updated in June 2023.
What is Malaysia’s MM2H Program?
The Malaysia My Second Home (MM2H) Program is aimed at attracting foreigners for long-term stays in Malaysia. There are currently 3 types of approved MM2H program: MM2h, Sarawak MM2H and Sabah MM2H.
What are the eligibility requirements of the MM2H Program?
The latest eligibility requirements of joining the MM2H Program include:
(a) fixed deposit of at least RM1 million after approval with a Malaysian bank
(b) liquid assets of at least RM1.5 million
(c) offshore income of at least RM40,000 per month
(d) minimum age 35 years old
(d) a 90-day minimum stay per year
What are the eligibility and requirements of Sarawak MM2H Program?
The requirements are:
1. Age requirement: –
(a) Applicants who are 50 years old and above, while spouses (if any) have no age limit; or
(b) Applicants who are 40-50 years old, with investment in real estate, specifically for residential purpose with a total amount at least RM 600,000.00; or
(c) Applicants who are 30-50 years old, who are undergoing long-term medical treatment in Sarawak or have children studying in Sarawak
2. Financial requirements:
(a) having a fixed deposit of at least RM150,000.00 (individual applicant) or RM300,000.00 (couple applicant), in a local bank in Sarawak, and
(b) having a monthly income of RM7,000.00 (individual applicant) or RM10,000 (couple applicant) either from approved pension fund or other offshore income.
3. Stay Requirement: Holder of the Sarawak MM2H Programme visa is required to stay at least 30 days in each year in Sarawak.
Can I bring my parents and children under the Sarawak MM2H Program?
Yes, you can bring your parents and children under 21 years old as dependents under the Sarawak MM2H Program. Children who intend to continue their schooling in Sarawak will need to apply for a Student Pass.
How do I apply for the Sarawak MM2H Program?
You can apply for the Sarawak MM2H Program through direct submission or assisted submission. For direct submission, you must submit the application documents yourself to the One-Stop Center MTCP office at Bangunan Baitulmakmur II, Petrajaya Sarawak. For assisted submission, you must use an MM2H Licensed Agent who is registered in Sarawak. A list of registered MM2H licensed agents is available on the MM2H center website.
What is the role of an MM2H Licensed Agent in the Sarawak MM2H Program?
An MM2H Licensed Agent is authorized to assist applicants to submit Sarawak MM2H applications. They must be registered under a private limited company under the Company Act 1965 with RM50,000 paid-up capital and must complete courses required by the government.
What is the processing time for the Sarawak MM2H Program?
The processing time for the Sarawak MM2H Program is 90 working days. However, the duration might be longer due to background check and security check by the relevant authorities.
What is the role of a sponsor in the Sarawak MM2H Program?
A sponsor is a person who is currently staying in Sarawak and originates from Sarawak. The sponsor is required to bond the MM2H application. A sponsor can only sponsor one application.
What is Sabah MM2H Program?
The Sabah-Malaysia My Second Home (SBH-MM2H) Program is a program aimed at attracting foreigners to live in Sabah for a long-term period. As of February 2023, the program’s key features have been briefly announced by the State Government and the program is expected to be officially launched soon.
What has the state government approved for the SBH-MM2H program?
In a press statement made on 2 February 2023, the State Government announced that the state cabinet has approved that:
(a) Applicants under SBH-MM2H program must open a bank account in any local bank in Sabah with a fixed deposit of RM200,000.00;
(b) Applicants are eligible to buy apartments worth a minimum of RM600,000;
(c) Applicants have a minimum stay of 30 days a year;
(d) The approved duration for an individual or family is for 5+5 years in Sabah only;
(e) Applicants must have a good conduct certificate from their country of origin; and
(f) Applicants must undergo a medical check-up.
Can a holder of any of the MM2H program do any business in Malaysia?
Yes and No. A holder of MM2H is not allowed to be employed by any employer in Malaysia. However, they can invest in business and become a shareholder in a company or partner in a limited liability partnership (LLP), and then to participate in the business in the capacity of shareholder or partner.
What are other options for obtaining visa in Malaysia?
You may obtain visa for long stay in Malaysia by: –
(a) Setting Representative Office in Malaysia
To set up a representative office to carry out market survey, research or coordination in Malaysia. This allows a buffer period before actual commitment to commence business in Malaysia. Read more here.
(b) Setting Up Company in Malaysia
To set up a company to carry out business and obtain the necessary business licenses. Applicant need to commit to minimum paid up requirement before the company is eligible to apply for working visa for its foreign employee. Read more here.
(c) Appointed by a Malaysian company to work as employee, whereby the company will secure a work permit for you.