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Malaysia’s My Second Home (MM2H) program

It has undergone significant changes, and the new three-tier structure is designed to provide stability and clarity for participants. Tourism, Arts, and Culture Minister Datuk Seri Tiong King Sing recently announced these updates, assuring that the new categories and their requirements will remain unchanged for the foreseeable future, regardless of shifts in government or ministers. This move aims to eliminate the uncertainties and flip-flopping that have previously affected the program, providing potential participants with a sense of security and long-term planning capability.

Overview of the New MM2H Tiers

The MM2H program is now structured into three distinct tiers: Platinum, Gold, and Silver. Each tier comes with its specific set of requirements, benefits, and obligations, catering to different levels of financial capability and commitment.

Platinum Tier

Fixed Deposit: USD 1 million Participation Fee: RM 200,000 Property Value Limit: ≥ RM 2 million Validity: 20 years Renewal Fee: RM 5,000

Key Benefits:

– Multiple Entry Visa (MEV) – Ability to work and invest in Malaysia – Permitted to bring a maid – Education and healthcare benefits – Tax exemptions on funds brought in – Transfer of MM2H pass upon principal’s death The Platinum tier is designed for high-net-worth individuals who are looking to make significant investments in Malaysia. This tier offers the most comprehensive benefits, including the ability to work and invest, which can be attractive for business-oriented participants. Additionally, the extended validity of 20 years provides long-term stability.

Gold Tier

Fixed Deposit: USD 500,000 Participation Fee: RM 3,000 Property Value Limit: ≥ RM 1 million Validity: 15 years Renewal Fee: RM 3,000

Key Benefits:

– Multiple Entry Visa (MEV) – Option to apply for work – Education and healthcare benefits – Tax exemptions on funds brought in – Transfer of MM2H pass upon principal’s death The Gold tier is a balanced option for those who can commit to a substantial investment but may not meet the higher financial requirements of the Platinum tier. It allows participants to apply for work permits, making it a viable choice for semi-retired individuals or those who wish to engage in business activities.

Silver Tier

Fixed Deposit: USD 150,000 Participation Fee: RM 1,000 Property Value Limit: ≥ RM 600,000 Validity: 5 years Renewal Fee: RM 1,500

Key Benefits:

– Multiple Entry Visa (MEV) – Education and healthcare benefits – Tax exemptions on funds brought in – Transfer of MM2H pass upon principal’s death The Silver tier is the most accessible, requiring a lower fixed deposit and participation fee. It is ideal for retirees or those looking for a second home without the intent to work. The shorter validity period of 5 years with a lower renewal fee also provides flexibility for participants who may be testing the waters before committing to a longer stay.

Additional Key Points

Dependants: All tiers allow participants to bring their spouse, children, and parents as dependents. Withdrawal from Fixed Deposit: Participants can withdraw up to 50% of their fixed deposit for approved expenses. Health Examination: Required for all tiers. Education Restrictions: Children of MM2H participants cannot enroll in primary or secondary government schools but can attend higher education institutions certified by the Malaysian Government. Property Restrictions: MM2H participants cannot sell their property within 10 years of purchase unless upgrading to a higher-valued property.

Stability and Assurance

The reassurance from Minister Tiong that these changes are here to stay offers a much-needed sense of security to prospective participants. The government’s commitment to maintaining the program’s integrity ensures that participants can plan their future in Malaysia without concerns about policy reversals.

Conclusion

Malaysia’s revamped MM2H program, with its three-tier structure, offers a tailored approach to meet diverse needs and financial capabilities. Whether you’re looking for a significant investment opportunity with the Platinum tier, a balanced option with the Gold tier, or a more accessible route with the Silver tier, the program now provides clear and stable guidelines to help you make an informed decision. This stability, coupled with the program’s benefits, makes Malaysia an attractive destination for your second home.