Launched in 2002, MM2H is a programme carried out by the Malaysian Government to allow foreigners and expatriates to stay in Malaysia on a renewable Social Visit Pass with a multiple-entry visa.
This programme is accessible to citizens of all countries that have diplomatic relations with Malaysia and allow the applicants to include their spouses and unmarried children under the age of 21 as dependants.
Malaysia may offer a much better standard of living than in your own country, not to forget the cost of living, which is much lower than in most countries.
Some other benefits:
Developed urban infrastructure and high-quality accommodation.
Efficient health industry combined with quite low medical costs compared to many other countries
Warm weather all year round.
Nice and friendly people, many of whom speak English.
Remittances from abroad are not taxed in Malaysia (From 2027 onwards MM2H residents will be required to pay personal income tax on any salary received in Malaysia).
Excellent internationals schools as well as private colleges and universities.
Very convenient location: many airlines offer direct flights to Malaysia; and there are plenty of possibilities to explore the Asian region from Malaysia.
Very diversified cultural experience: local festivals, cultural shows and international sports competitions, delicious local cuisine (Malay, Chinese and Indian) and of course the rain forests, hill stations and tropical islands and beaches with high-quality hotels to enjoy and to explore.
The crime rate in Malaysia is generally lower than in most western countries.
Basic financial requirements to qualify for West Malaysia and Sabah (MM2H):
AGE: over 35
MONTHLY INCOME: equivalent to RM 40 000
For salary or pension 3 months’ income has to be shown
For dividends or other investment a longer period is required
For rental income the period of the tenancy agreement will be checked
Documents such as deposits into a bank account and the source documents – pay slips, lease agreements etc. – need to be provided.
LIQUID ASSETS: RM 1 500 000
The government wants to see proof of cash in the bank or investments that can easily be turned into cash and can be used to pay the fixed deposit as soon as you are approved.
FIXED DEPOSIT: RM 1 000 000
To be made into any bank in Malaysia and the funds will be blocked until the authorities approve that it can be fully or partially withdrawn
An additional fixed deposit of RM 50,000 has to be made for each dependant
You can receive interest on the funds
You can withdraw up to RM 500,000 from your fixed deposit account after one year if you have paid for a house, car, medical expenses, or education in Malaysia
Basic financial and other requirements to qualify for Sarawak (SMM2H)*:
*See also general requirements regarding proof of income for MM2H
Applicants are required to be in Kuching, Sarawak to start the process. However, recently they allowed applicants over 50 to start the application based on their income before visiting.
There are two options to qualify for 50 years old and above (conditions are slightly different for those under 50):
Place a fixed deposit of RM 150 000 (RM 300 000 for a married couple)
Show proof you have an income of RM 7 000 (RM 10 000 for a married couple). It must be from a pension or salary only.
Pass the medical check-up and buy medical insurance (waived for people over 60).
Additionally for applicants 30 – 39 years:
They must have children studying in Sarawak
Additionally for applicants 40 – 49 years:
They have to purchase a residential property in Sarawak OR send children to study in Sarawak. This must be done before the application.
* You must spend 15 days a year in Sarawak compared to 90 days in Malaysia.