Malaysia

Malaysia stands out as a dynamic economy in Asia, driven by its ongoing industrial expansion and political stability. Following its independence, Malaysia became a part of the British Commonwealth and holds membership in both the United Nations and APEC. Furthermore, it plays a foundational role in ASEAN. Malaysia boasts stunning beaches, breathtaking landscapes, and lush rainforests, making it a truly captivating destination.

Both the Malaysia My Second Home Program and the Premium Visa Program provide opportunities for foreign nationals meeting specific requirements to establish long-term, multiple-entry residency in Malaysia.

• Streamlined and effective investment for residency programs
• Obtain long-term, renewable visas with multiple-entry privileges
• Include your spouse, parents, parents-in-law, and unmarried children under 21
• Experience a diverse, multicultural society and modern lifestyle
• The flexibility to purchase various residential properties, ranging from MYR 300,000 (approximately USD 70,000) to MYR 1 million (approximately USD 230,000), with variations between states
• Taxation applies only to income earned within Malaysia, supported by an extensive network of double tax agreements.

• Requirements for the Malaysia My Second Home Program (MM2H) and the Premium Visa Program (PVIP) are as follows:Malaysia My Second Home Program (MM2H):

  Applicants must meet the following criteria:

  • Be at least 35 years old.
  • Demonstrate financial self-sufficiency without the need for employment or government assistance, with proof of offshore income of at least MYR 40,000 (approximately USD 10,000) per month.
  • Show bankable assets worth a minimum of MYR 1.5 million (approximately USD 350,000).

  Upon approval:

  • Invest MYR 1 million (approximately USD 230,000) plus MYR 50,000 (approximately USD 12,000) per dependent spouse or child in a local fixed deposit account throughout their program stay.
  • Withdraw up to MYR 500,000 (approximately USD 115,000) after the first year for approved expenses like housing, education, or medical purposes.
  • Spend 90 days per year in Malaysia (main applicant and spouse, with exceptions for children, parents, and parents-in-law).

  Premium Visa Program (PVIP):

  Applicants must demonstrate:

  • Financial self-sufficiency without needing employment or government assistance, with proof of offshore income of at least MYR 40,000 (approximately USD 10,000) per month.

  Upon approval:

  • Invest MYR 1 million (approximately USD 230,000) plus MYR 50,000 (approximately USD 12,000) per dependent in a local fixed deposit account maintained throughout their program stay.
  • May withdraw up to MYR 500,000 (approximately USD 115,000) after the first year for approved expenses related to housing, education, or medical purposes.
  • Pay a one-time application fee of MYR 200,000 (approximately USD 45,000) plus MYR 100,000 (approximately USD 22,000) per dependent.
  • PVIP applicants can be of any age, have the option to work and run businesses in Malaysia, and are not obligated to reside in the country.

Malaysia My Second Home Program (MM2H):

Premium Visa Program (PVIP):

Fees:

Please note that these are the basic fees and there may be additional fees associated with each program, such as legal fees, medical examinations, and visa fees. It is important to speak to a qualified immigration consultant to get a more accurate estimate of the fees you will be required to pay.

In addition to the fees listed above, you may also need to pay other costs associated with relocating to Malaysia, such as property purchase costs, the cost of living, and the cost of flights and shipping.

What Is the Malaysia My Second Home Program (MM2H)?

The Malaysia My Second Home (MM2H) program offers successful investors and their eligible family members a renewable multiple-entry visa, initially valid for 5 years.

What Are the Procedures for Obtaining MM2H and PVIP Visas in Malaysia?

Each eligible candidate will receive a conditional approval letter from the Malaysia Immigration Department. It’s important to note that MM2H and PVIP visas do not grant the right to work in Malaysia, and they do not lead to permanent residency.

Upon submitting the MM2H or PVIP residence application to the Malaysian government and obtaining preliminary approval, the applicant can travel to Malaysia to complete the remaining requirements. These include opening a Malaysian bank account and fulfilling medical requirements. Subsequently, full approval is granted, and the applicant and their family members receive long-term multiple-entry visas to Malaysia, valid for 10 years under MM2H and 20 years under PVIP. The entire process typically takes between three to six months.

Both the initial MM2H visa and the PVIP visa are valid for five years and can be renewed thereafter.

What Are the Investment Criteria for the Malaysia Residency Program?

The primary applicant is required to place an RM 1,000,000 fixed deposit.

If the primary applicant falls within the age range of 35 to 49, an additional RM 50,000 fixed deposit is needed for each dependent.

After the first year, a maximum withdrawal of 50% of the fixed deposit capital is allowed for healthcare, education, and property purchases in Malaysia.

Can I Include My Family in My Malaysia Residency Application?

Yes, the investor may include their dependents, which typically encompass a spouse, common-law partner, and children (biological, stepchildren, or legally adopted) under 21 years of age. Additionally, children aged 21 to 34 who are single and unmarried may be included.

If the primary applicant falls within the age range of 35 to 49, an additional RM 50,000 fixed deposit is required in addition to the RM 1,000,000.

Do I Need to Keep My Money in Malaysia to Maintain My Residency?

According to immigration law, after the first year, you can make a maximum withdrawal of 50% of the fixed deposit capital for approved expenses related to healthcare, education, and property acquisitions in Malaysia.

Make Malaysia your second home 

Visa-Free Countries

Population:

34,411,518 (2023 est.)

GDP (per capita):

$13,030 (2023 est.)

GDP (purchasing power parity):

$1,193.6 billion (2023 est.)

Capital city: Kuala Lumpur

Time zone: UTC+8 (MYT)

Total area: 329,847 sq km (127,355 sq mi)

Languages: Malay (official), English (official), Chinese (Mandarin), Tamil

Currency: Malaysian ringgit (MYR)

Main industry: Manufacturing

Schengen/EU: Malaysia is not a member of the Schengen Area or the European Union.

KEY ADVANTAGES

• Cultural Diversity: Malaysia’s cultural blend, with influences from Malay, Chinese, Indian, and indigenous traditions, creates a vibrant and diverse way of life.
• Cost of Living: Malaysia offers a cost-effective living, with affordable housing, food, and transportation, making it an appealing choice for expatriates and retirees.
• Natural Beauty: Malaysia’s breathtaking landscapes, from lush rainforests to picturesque beaches and highlands, provide abundant opportunities for outdoor enthusiasts and nature lovers.

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Disclaimer
The materials contained in this page are provided for general information purposes only and are not intended to provide legal or other professional advice. Processing times and costs will vary depending on a number of factors. CitizenMatch is not responsible for any changes to the time and cost estimates; we can provide specific information on an individual basis. All rights reserved.