The Malaysia My Second Home (MM2H) programme is an initiative of the Malaysian government to promote long-term stay in the country. Although initially introduced to encourage foreign citizens to be in Malaysia to escape their hot summers or cold winters, the programme is now also being actively promoted to entice foreign citizens to use Malaysia as a base:
– To conduct their business overseas
– To educate their children
– For retirement or semi-retirement

To make this programme even more attractive, application procedures and conditions have been reviewed to simplify procedures.

Incentives

1. Renewable, multiple-entry social visit pass for ten years.
2. Purchase of two units of residential properties priced at above RM250,000.00 each (US$73,529) without Foreign Investment Committee (FIC) approval.
3. Tax exemption on import of personal car or purchase of locally-assembled car.
4. Tax exemption on remittances from abroad.
5. Provision to bring in a maid.

Successful participants, however, are not allowed to work or be employed while staying in Malaysia under
this programme.

Criteria

1. The basic criteria would be to fulfill the following financial conditions through any bank in Malaysia:
   – If aged below 50 years: RM300,000 (USD88,250) in Fixed Deposits.
   – If aged 50 years and above: RM150,000 (USD44,120) in Fixed Deposits OR proof of offshore monthly
   personal income of RM10,000 (USD2,950).
   After a year, participants may withdraw part of the fixed deposit for house purchase, medical or for their children’s educational purposes. Participants are required to maintain a minimum balance of RM60,000 (USD17,647) from the second year onwards. However, they may choose to withdraw all their fixed deposits should they decide to terminate their participation in the programme.
2. A medical report from any private hospital or registered clinic in Malaysia is to be submitted and;
3. A medical insurance policy is to be purchased.

Why Malaysia?
There are many reasons why Malaysia has become a favourite ‘second home’ destination. Many participants are attracted to its political stability and economic strength while others are drawn to its pleasant and warm tropical climate. For participants who prefer cooler surroundings, there are also highland residential areas and resorts with permanent spring-like weather throughout the country.

Warm & Friendly Malaysians
One of the country’s most unique features is its rich diversity of cultures. The population of Malaysia totalled 26,920,000 as at December 2006. Malays (which make up 57% of the population), Chinese, Indians and other ethnic groups live harmoniously together and are free to practice their religions. Although Bahasa Malaysia is the national language, English is widely spoken throughout the country.

Malaysia offers a comfortable living environment with the latest modern amenities, good healthcare and medical facilities, excellent educational institutions and world-class recreational & sports facilities.

Healthcare 
Malaysia has about 35 private hospitals with UK-trained doctors and also doctors from Japan. These hospitals are all equipped with state-of-the-art equipment and facilities.

Education
There are over 30 international schools in Malaysia including American- and British-style international schools as well as French, German, Japanese and Taiwanese schools that have facilities for pre-school right through to college-level education. Additionally, twining programmes are offered by both local higher institutions and international universities/colleges.

Recreation
The country has many wonderful recreational spots for the family including theme parks like Genting Highlands and Sunway Lagoon as well as relaxing destinations like beach resorts and island getaways. Malaysia is also a paradise for golf enthusiasts with close to 200 courses designed by world-renowned names.

Low Cost Of Living
Many retirees from abroad will truly enjoy their retirement here under the MM2H Programme as the cost of living is relatively low. Some can expect to lead a more luxurious life especially if they come from developed countries with a stronger exchange rate. For example, a Japanese citizen will be able to enjoy three times the value of his savings if he was to retire in Malaysia.

Safety & Security
Malaysia places top priority on the law; administration of justice and undertakes continual vigilance on public security. Malaysia is regarded by many as one of the safest and least volatile democracies in the Asian region. Malaysia has been virtually free of any incidents of violence and terrorism.

CONTACT US NOW!
For more details or to download the application form, log on to http://mm2h.motour.gov.my