KUALA LUMPUR: Tourism, Arts, and Culture (Motac) Minister Datuk Seri Tiong King Sing today announced the relaxation of the Malaysia My Second Home (MM2H) programme, introducing three new categories.
The revision opens the MM2H programme to people aged 30 years and above, with applications to be processed exclusively through licensed MM2H agents authorised by the Tourism, Arts, and Culture Ministry under the Tourism Industry Act 1992.
The programme is now divided into three categories: Platinum, Gold, and Silver, each with its own set of requirements.
Here is the breakdown of the categories:
PLATINUM
In the Platinum category, MM2H applicants must meet specific financial prerequisites, including a fixed deposit of RM5 million (USD1.05 million).
Applicants can withdraw a maximum of 50 per cent of the amount after a year to purchase properties valued at RM1.5 million and above, for healthcare, and for tourism activities in the country.
Platinum applicants must reside in Malaysia for a cumulative total of at least 60 days a year.
For those aged 30 to 49 years old, their residence in the country must be fulfilled by their principal, partners, or their dependents respectively.
This category of MM2H applicants is also eligible to apply for Permanent Resident (PR) status after obtaining their Platinum pass.
GOLD
Gold MM2H applicants must adhere to the set financial prerequisites, including a fixed deposit of RM2 million (USD420,800).
They are also allowed to withdraw a maximum of 50 per cent of the amount after a year to purchase properties valued at RM750,000 and above, for healthcare, and for spending on tourism activities.
Gold MM2H pass holders must reside in Malaysia for at least a cumulative total of 60 days a year.
For individuals aged 30 to 49 years old, their residence in the country must be fulfilled by their principal, partners, or their dependents respectively.
The Gold MM2H pass is valid for 15 years, with Multiple Entry Visas (MEV) granted to the principal and dependents, and it can be renewed.
SILVER
Silver MM2H category applicants must have a fixed deposit of RM500,000 (USD105,000) as a financial prerequisite.
They can withdraw a maximum of 50 per cent of the amount after a year to purchase properties valued at RM750,000 and above, for healthcare, and for spending on tourism activities.
Silver MM2H pass holders must reside for at least a cumulative total of 60 days a year in Malaysia.
For individuals aged 30 to 49 years old, their residence in the country must be fulfilled by their principal, partners, or their dependents respectively.
The Silver MM2H pass is valid for five years, with Multiple Entry Visas (MEV) granted to the principal and dependents, and it can be renewed.