The Malaysia My Second Home (MM2H) program, a long-standing avenue for foreign nationals seeking residency in Malaysia, has been revamped with the implementation of a tiered structure. This revised framework establishes four distinct categories – Platinum, Gold, Silver, and Special Economic/Financial Zones (SEZ/SFZ) – each designed to accommodate diverse applicant profiles. These tiers are differentiated by specific eligibility criteria, financial prerequisites, and associated benefits. The following analysis will provide a detailed examination of each MM2H tier, outlining the requisite commitments and the advantages afforded to prospective residents under this restructured program.
Business and Work: Malaysia My Second Home(MM2H) Platinum and Gold category participants are allowed to conduct business and work in Malaysia, offering more flexibility and opportunities.
Long-term Visa
The program offers renewable visas with durations ranging from 5 to 20 years, depending on the Malaysia My Second Home(MM2H) Tier. This provides stability and peace of mind for those looking to make Malaysia as a second home.
Dependents
Applicants can include their spouse, unmarried children under 34, parents, and parents-in-law as dependents in their Malaysia My Second Home(MM2H) applications
While there aren't specific tax exemptions under the revamped program, participants can still benefit from Malaysia's tax policies, particularly regarding foreign income.
MM2H participants can purchase residential properties in Malaysia, subject to certain price thresholds and state regulations.
Participants are allowed to hire one domestic helper, following the Immigration Department's guidelines.
Children of MM2H participants can access education opportunities in Malaysia, including international schools.
Malaysia offers a high standard of healthcare, and MM2H participants are required to have health insurance.
