Both the Malaysia My Second Home Program and the Premium Visa Program allow foreign people who meet specific requirements to remain in Malaysia on a 10-year multiple-entry visa.
The minimum investment is MYR 1 million (about USD 230,000), with a 3 to 6 month processing time.
More information on the Malaysian investor visa
Malaysia My Second Home (MM2H) is undoubtedly one of the world’s most popular investor visa programs.
More than 35,000 cases have been granted since its inception in 2002. Although the majority of applicants are from China, the program is also popular in Japan, Bangladesh, and the United Kingdom.
The Malaysia MM2H Golden Visa scheme is open to all nationals. Applicants must have a minimum asset value of USD$125,000 and a monthly income of at least USD$2,500.
Each applicant must deposit a minimum balance of RM150,000 as a bank deposit if over the age of 50, or RM300,000 if under the age of 50, and the applicant will need a fixed deposit certificate.
However, after one year, a portion of this balance may be withdrawn for qualifying purchases such as real estate.
Malaysia MM2H – Real Estate investment program
Anyone taking part in the Malaysia MM2H programme is eligible to buy property in Malaysia. There are minimum investment amounts, which vary by city and region.
For example, in Kuala Lumpur, an investment of 1 million MYR is required. Applicants may purchase an unlimited number of properties in excess of the minimum investment amount.
Obtaining Malaysian Residency
Through the Malaysia My Second Home Program or the Premium Visa Program, the Malaysian government allows applicants and their families to live in the country.
Successful candidates are offered a long-term multiple-entry visa in exchange for an investment in the country.
Advantages of Investing in Malaysian Residence
There are multiple benefits of the Malaysia residency by investment program, like:
- Low cost of living, a nice lifestyle, a strategic geographical location that is business friendly, the offshore tax haven of Labuan, few capital flow restrictions, and a strong and stable economy.
- Malaysia also has double tax agreements with a number of countries, and there is no inheritance tax.
- Cosmopolitan and multi-cultural, with English as the official business language and widely spoken alongside Malay and various Chinese and Indian dialects.
- World-class and international hub for healthcare and education.
- Relaxed property ownership laws for foreigners, with an RM 600,000 minimum threshold per property in the state of Kuala Lumpur. This differs from one state to the next.
Malaysia My Second Home Program Requirements
Foreign investors must meet the standards listed below in order to obtain a Malaysian residence permit under the Malaysia My Second Home (MM2H) Program and earn a 10-year, multiple-entry visa.
Applicants must do the following while applying for the program:
- You must be at least 35 years old.
- Demonstrate financial capabilities in Malaysia without seeking employment or government aid by producing documentation of monthly offshore income of at least MYR 40,000 (about USD 10,000).
- Provide evidence of bankable assets worth at least MYR 1.5 million (about USD 350,000).
Following application approval, successful applicants:
- Must invest MYR 1 million (about USD 230,000) plus MYR 50,000 (approximately USD 12,000) every dependant spouse or child in a local fixed deposit account that will be maintained throughout their program participation.
- After the first year, parents may withdraw up to MYR 500,000 (about USD 115,000) for approved expenses such as a home purchase, schooling for their children in Malaysia, or medical expenses.
- Must spend 90 days per year in Malaysia (this criterion only applies to the main applicant and their spouse; children, parents, and parents-in-law are exempt).
Premium Visa Program Requirements
Foreign nationals must meet the following qualifications to obtain Malaysian residency under the Premium Visa Program (PVIP) and receive a 20-year, multiple-entry visa issued in five-year tranches.
Applicants must do the following while applying for the program:
- Demonstrate financial capabilities in Malaysia without seeking employment or government aid by producing documentation of offshore income of at least MYR 40,000 (about USD 10,000) each month.
- Successful applicants must invest MYR 1 million (about USD 230,000) plus MYR 50,000 (approximately USD 12,000) every dependent spouse or child into a local fixed deposit account maintained throughout their program stay.
- After the first year, parents may withdraw up to MYR 500,000 (about USD 115,000) for approved expenses such as a home purchase, schooling for their children in Malaysia, or medical expenses.
- A one-time application fee of MYR 200,000 (about USD 45,000) + MYR 100,000 (approximately USD 22,000) per dependent is required.
An approved applicant for the PVIP visa of any age may work and operate a business in Malaysia. He or she do not have to live in Malaysia.
