Malaysia - retired migrants
Malaysia
Malaysia My Second Home Programme is a programme promoted by the Malaysian Government as part of its policy to encourage citizens of all bonded countries to reside permanently in Malaysia. It allows foreigners who meet certain criteria to obtain a multiple-entry social visa for long-term residence in Malaysia. The multiple-entry social visas are valid for 5 years and can be renewed.
The scheme is open to applications from citizens of countries recognised by Malaysia regardless of race, religion, sex or age. The scheme allows the applicant to bring along their spouse, parents and children. Foreign spouses and expatriates of Malaysian citizens can apply for the scheme to retire in Malaysia upon expiry of their working visas.
Strictly speaking, the "Second Home" is not a full immigration scheme, but rather a long-term conditional residency scheme with no visa requirement. Or rather, it is a kind of expatriate privilege and status. Because, unlike other immigrants, it is not subject to immigration supervision abroad. It needs to be filed at home. It is possible to reside without having to live in the country.
This more liberal status can be set aside when it is not necessary.
But it can be granted many privileges other than residency when necessary. As long as the main applicant applies for the second home plan alone, the whole family does not need to spend any extra money on the second home plan, one applicant, three generations, parents over 60 years old accompanying the family.
Unique benefits and advantages of My Malaysia Second Home.
- 5-year renewable visa with freedom to enter and leave the country.
Successful applicants will be granted a "Malaysian Second Home" visa for a period of up to 5 years, which is renewable. During the 5 years, the participant may enter and exit Malaysia as many times as he/she wishes, or stay in Malaysia for an extended period of time with no fixed period of residence in Malaysia.
- Can apply for other national visas in Malaysia.
If you wish to travel from Malaysia to other countries, you can do so directly at the foreign embassy in Malaysia without the need to apply for a visa back home.
- No need to renounce your nationality or declare your income.
Participants are entitled to the benefits of citizenship in their own country simply by residing permanently in Malaysia. Participants have the right to privacy and are not required to declare all marketing income in their home country or their properties to the Malaysian government.
- Immediate family members are allowed
Participants are allowed to bring their spouses, unmarried children below 21 years of age and parents above 60 years of age to reside in Malaysia.
- Education
If the applicant's children are under 21 years of age, they can apply together as dependents and enjoy the quality education system in Malaysia.
- Taxation
Residence permit holders are entitled to tax exemptions on their personal income derived from foreign sources.
- Acquisition of cars, real estate
Every permit holder can bring a private car into Malaysia for use or buy a car assembled in Malaysia and enjoy exemptions from import duty, local consumption tax and sales tax.
The applicant can invest directly in real estate or even acquire a property with a permanent title deed without the approval of the FIC Foreign Investment Committee. The funds obtained after the sale of the property are exempt from VAT. - Common language and similar cultural background
Malaysia is the country with the most intact Chinese culture outside of China. It has Chinese primary and secondary schools, where the teaching materials come from China. Every Malaysian of Chinese descent is fluent in three languages, Chinese, English and Malay. Other dialects spoken are Cantonese, Hokkien, Hakka, Teochew and Hainan.
Malaysia is a diverse country with a wide variety of cuisines from all over the world. Apart from Chinese restaurants, there are also Malay restaurants, Indian pancakes, Thai restaurants, Japanese, Korean, American and Italian restaurants at your fingertips.
To apply for MM2H Residence Permit for My Malaysia Second Home (valid for 5 years - renewable)
Age of main applicant | 35-49 years old | 50 years old above |
Proof of assets | 1. Have the time deposit | 1. Have the time deposit |
Proof of income | Overseas monthly income of not less than the equivalent of MYR 40,000 or more. | Overseas monthly income of not less than the equivalent of MYR 40,000 or more. |
Upon approval of the second home application.
Upon approval of the second home application. | ||
Amount on deposit in the first year | Deposits of RM1,500,000 with Bank Malaysia | Deposits of RM1,500,000 with Bank Malaysia |
Amount that can be withdrawn after one year | RM500,000 can be withdrawn for property, car, education or medical purposes | RM50,000 can be withdrawn for property, |
Fixed deposits must be placed with a recognize financial institution in Malaysia and the deposits must be placed with a bank | ||
Application for My Malaysia Second Home MM2H Materials
- Notarization of passports per person (only notarization is required)
- Notarization of the marriage certificate (notarization and certification)
- Dual certification of the child's medical birth certificate (notary and certified)
- Dual certification of the principal applicant's clean criminal record (impartial + certified)
- Three months' worth of bank statements (notarized)
- Certificate of time deposits
- Certification of employment and payroll
- Application form for principal applicant and spouse
- Application forms for children
- Review of work mandates
- Review of deposit authority
- Simple medical report forms
- 6 blue photos per person (passport size 2")
- Bank contact information (for the certificate of deposit, the bank corresponding to the bank running water, the processing of time deposit bank manager can be a business card)
Passport notarization
- Notarized photocopy of the entire passport (photocopy of each page with a fair stamp of the page with personal data and photo). If the date of the new passport is not more than one year old, each page of the old passport must be photocopied and notarized.
Marriage certificate - double certification
- Marriage certificate notarized in both English and Chinese (required for two couples and the marriage certificate of the main applicant).
Child's birth certificate - dual certification
- Child's birth certificate is certified in both Chinese and English.
- If accompanied by a child, unmarried children under 21 years of age may apply with their parents.
- Separate application required for children over 21 years of age or married children under 21 years of age.
Notary Certificate of No Criminal Conviction in English and Chinese - dual certification (only if provided by the principal applicant)
- issued by your local police or police station and notarized in English and Chinese by a notary public, and then double certified by the Chinese Embassy or Consulate and the Malaysian Embassy or Consulate in China.
Bank statements - notarization
- Proof of income and bank statements for the last 3 months or more (provided by the main applicant).
- income from running statements must match payslips
- Main applicant's monthly income must not be less than RMB 20,000 or more.
- The method of entry must be: fixed one-person transfer, company transfer, payroll, etc.
Certificate of Fixed Deposit
- Proof of time deposits for at least 6 months (from any bank in the principal applicant's country).
- Notarized bank statement report / other financial documents to prove your ability to pay for your living expenses in Malaysia. The more bank statements you have, the better. Above 50 years of age, you must have a minimum deposit of RM350,000. below 50 years of age, you must have a minimum deposit of RM500,000
Proof of employment and payslips
- Get proof of incumbency from your workplace
- Letter on behalf of the company with telephone number, address, signature of the person in charge and company seal.
- Brief description of your company, your position in the company, job description, dates of employment and salary.
- Can provide a model or assist in preparing a certificate of employment (you just need to arrange for a stamp & signature).
Principal applicant and spouse application form
- The agency will provide the form, which can be signed by the applicant (the signature can be in Chinese or English).
Application form for children
- The representative company provides the form and the applicant can sign it (if the child is small, the main applicant can wait to sign).
Review of work mandates
- The agency company provides the form, which can be signed by the applicant (can be signed in Chinese or English).
Review of depository authorizations
- The agency will provide the form, which can be signed by the applicant (the signature can be in Chinese or English).
Simple medical report form
- The agency will provide the form, which can be signed by the applicant (the signature can be in Chinese or English).
Second Home MM2H Application Process.
Estimated Time for Malaysia Second Home Application
- 1 to 3 business days - Assessment/Contracting, Confirmation of application materials and payment of service fee.
- 3 to 5 working days - submit MM2H materials / documents for review and approval.
- 6 to 8 working days - submit documents to Malaysia My Second Home.
- Letter validity 6 months - Approval letter from Malaysia Immigration.
- 2 to 5 working days - report to Malaysia, the staff will accompany the bank to handle the deposit, medical examination, purchase of medical insurance.
- 1 to 3 working days - the staff to submit the relevant documents to the Immigration Department to affix the Malaysia second home visa.
- 3 to 5 working days - successfully apply for the 5 year multiple return residence visa.
Processing costs
- Our agency fee for the following services：
a) To act as guarantor for your application
b) Completion of all application filings, including the relevant declaration documents
c) Collation of submissions and follow-up to the results of applications
d) Accompany you through the necessary bank account opening and deposit, medical check-up and insurance procedures for your second home
e) Assistance in processing applications for return letters, once approved
f) submit all visa documents to the Immigration Office for the second home sticker when they are ready - Payment procedures：
a) Stage 1: As down payment for the application upon signing the Letter of Agreement.
b) Stage 2: Obtain a letter of approval after approval and collect a further the fee and apply for a return letter.
c) Stage 3: Login to Malaysia, complete the application process and pay the remaining .
In the event that the application is not approved due to the client's review, RM1,000 will be charged as the application processing fee and the remaining amount will be refunded to the client. In the event that the client cancels the application or decides to withdraw from the Second Home Program after the application has been approved, the fee paid will not be refunded to the client.
- Fees to be borne by the customer
a) Payment of visa fee to the Immigration Department at MYR 120 per passport per year
b) Journey Performed Visa, MYR 530 per passport (waived with return letter)
c) Medical examination costs approximately RM 150 per person.
d) Purchase of medical insurance
e) Hotel accommodation, travel, meals, and all personal expenses
f) For the rest of your personal matters such as opening a company, adding family members, applying for a family visa for your parents, and other follow-up services, please contact our company for a separate fee
Daily life services
- Counselling services for daily life
- Daily Chinese, English, Malaysian and translation services
- Accompanying interpreter
(e.g., business escort, banking, consular services, hospital services) - Contractual agreements, translation of documents
(Chinese, English, Bahasa Melayu) - Emergency assistance