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, http://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 http://www.mm2h.gov.my.
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.
Thank you for visiting my website, Penang Travel Tips. Since starting it in 2003, it has become my own online encyclopedia. My name is Timothy Tye, you can call me Tim. I am a full-time website author writing only my own website, to describe things and places I am curious about. To know more about me, go to www.timothytye.com I have been living at home writing my websites full time since 2007. I describe my alternative lifestyle in my Happy Jobless Guy website.
As a Christian, I hope that through this website, I am able to deliver God's Good News to people all over the world.