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Bch.my - Requirements of Malaysia My Second Home (MM2H)

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We also provide other services such as Immigration Services, Work Permit Malaysia MM2H Services, Company Formation, Regional Office Malaysia, Malaysia Payroll, Accounting Services. Call us now +603-20789990 or visit our website http://www.bch.my/ for more information!

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Bch.my - Requirements of Malaysia My Second Home (MM2H)

  1. 1. www.BCH.my Requirements of Malaysia My Second Home (MM2H)Immigration Services | Work Permit Malaysia | MM2H Services | Company Formation |Regional Office Malaysia | Malaysia Payroll | Accounting Services MalaysiaMalaysia My Second Home (MM2H) Programme is introduced by our government to allowpeople from all over the world to live or retire in Malaysia in a long term basis. This Programmewas transformed from the formally known “Silver-Hair Programme” which only applicable forthose who were 50 and above. The MM2H is now open to all citizens of the world and has norestrictions on age, race, religion or gender. You may participate in this programme alone orbring along your spouse, dependents (under 20yr+4 months at the time of MM2H submission)and even your own maid from your country.MM2H visa is actually a Ten(10)-Year Social Visit Pass with Multiple Entry Visa which isrenewable every 10 years. It is basically a long-stay programme that allows the participants tolive in Malaysia and not worry about their short term visa renewals. You are welcome to stayhere for 365 days a year without having to leave the country because the visa renewal can bedone in Malaysia.Apart from having the opportunities to enjoy the good quality lifestyle and the unique values ofMalaysia, our government is offering you who obtained the MM2H visa with attractiveincentives to make your stay more comfortable and enjoyable in Malaysia. Successfulapplicants are required to comply with the following financial Fixed Deposit placements uponreceipt of the “conditional approval letter” from Malaysia Immigration Department.Aged Below 50 years old :1. Open a fixed deposit account of RM300,000.2. After a period of one year, the participant can withdraw up to RM150,000 for approvedexpenses relating to house purchase, education for children in Malaysia and medical purposes. Suite. 21.02 & 03, 21st Floor Menara Haw Par Jalan Sultan Ismail 50250 Kuala Lumpur Tel : +603-20789990 Fax : +603-20780991 W : www.BCH.my F: www.Facebook.com/beyondcorporate T : www.Twitter.com/beyondcorporate Email Us at info@bch.my
  2. 2. www.BCH.my3. Must maintain a minimum balance of RM150,000 from second year onwards and throughoutstay in Malaysia under this Malaysia My Second Home program.Aged 50 years and Above:1. Will either:- Open a fixed deposit account of RM150,000; OR- Show proof of monthly off-shore income of RM10,000 pension without placing a fixed deposit.2. Only applicants who are drawing from Government Pensions can be considered for the ”Monthly off – Shore Income ” criteria.After a period of one year, participant who fulfills the fixed deposit criteria can withdraw up toRM50,000 for approved expenses relating to house purchase, education for children inMalaysia and medical purposes.3. Participant must maintain a minimum balance of RM100,000 from the second year onwardsand throughout his/her stay in Malaysia under this MM2H program.Note:1. Successful applicants need to open their fixed deposits in Ringgit Malaysia (RM) only.2. Participants need to obtain approval from Ministry of Tourism before proceeding towithdraw the fixed deposit.3. Participants under this program may withdraw their entire fixed deposit anytime should theydecide to terminate their stay in Malaysia under this program. However, they must obtain priorapproval from the Ministry of Tourism.New applicants who have purchased and owned residential property which were bought atRM1 million and above in Malaysia are eligible to apply for exemption from placing the full FDamount required of MM2H participants. They only have to comply with the basic financialrequirement of FD of RM100,00 for over 50 & RM150,000 for under 50 respectively. Thisamount may not be withdrawn until the participants decide to terminate their participation inMM2H program. Suite. 21.02 & 03, 21st Floor Menara Haw Par Jalan Sultan Ismail 50250 Kuala Lumpur Tel : +603-20789990 Fax : +603-20780991 W : www.BCH.my F: www.Facebook.com/beyondcorporate T : www.Twitter.com/beyondcorporate Email Us at info@bch.my
  3. 3. www.BCH.myNew applicants have to observe the following conditions:1. The purchased residential property may be a fully completed unit or one under construction.For any property purchased, applicants aged below 50 and those aged 50 and above mustproduce copies of payments made to developers, amounting to a minimum of RM1,000,000.This amount does not include legal fees, transfer fees, commissions and any other relatedpayments2. The property must cost a minimum of RM1 million ORSeveral properties totaling RM1 million and above can be accumulated for this exemption3. Properties must have been bought in the last 5 years onlyWe also provide other services such as Immigration Services, Work Permit Malaysia MM2HServices, Company Formation, Regional Office Malaysia, Malaysia Payroll, Accounting Services.Call us now +603-20789990 or visit our website http://www.bch.my/ for more information! Suite. 21.02 & 03, 21st Floor Menara Haw Par Jalan Sultan Ismail 50250 Kuala Lumpur Tel : +603-20789990 Fax : +603-20780991 W : www.BCH.my F: www.Facebook.com/beyondcorporate T : www.Twitter.com/beyondcorporate Email Us at info@bch.my

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