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 the following requirements:
- Fixed deposit: RM5 million (USD1.05 million)
- Withdrawal: up to 50 per cent of the amount after a year, to purchase properties valued at RM1.5 million and above, for healthcare, or for tourism activities in the country
- Residency requirement: a cumulative total of at least 60 days a year
- Applicants aged 30 to 49: the residency requirement may be fulfilled by their principal, partners, or their dependents respectively
- PR eligibility: eligible to apply for Permanent Resident (PR) status after obtaining their Platinum pass
GOLD
Gold MM2H applicants must adhere to the following requirements:
- Fixed deposit: RM2 million (USD420,800)
- Withdrawal: up to 50 per cent of the amount after a year, to purchase properties valued at RM750,000 and above, for healthcare, or for spending on tourism activities
- Residency requirement: a cumulative total of at least 60 days a year
- Applicants aged 30 to 49: the residency requirement may be fulfilled by their principal, partners, or their dependents respectively
- Pass validity: 15 years, with Multiple Entry Visas (MEV) granted to the principal and dependents, and it can be renewed
SILVER
Silver MM2H category applicants must meet the following requirements:
- Fixed deposit: RM500,000 (USD105,000)
- Withdrawal: up to 50 per cent of the amount after a year, to purchase properties valued at RM750,000 and above, for healthcare, or for spending on tourism activities
- Residency requirement: a cumulative total of at least 60 days a year
- Applicants aged 30 to 49: the residency requirement may be fulfilled by their principal, partners, or their dependents respectively
- Pass validity: five years, with Multiple Entry Visas (MEV) granted to the principal and dependents, and it can be renewed
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