Malaysia Business Immigration

Malaysia is one of Southeast Asia’s most vibrant economies, due to its continued industrial growth and political stability over the past few decades. It is a highly open upper-middle income economy and the third largest economy in this region. After gaining independence from the UK, Malaysia joined the British Commonwealth. It is a member of the United Nations, APEC, and a founding member of ASEAN.

As one of the Southeast Asia’s key tourist destinations, located near the equator, Malaysia offers excellent beaches, brilliant scenery and dense rainforests.

Since the inception of Malaysia’s My Second Home Program (MM2H) in 2002, more than 27,000 applicants have been approved. The program allows foreigners who fulfil certain criteria to stay in Malaysia on a multiple-entry social visit pass.

Residence-by-Investment Malaysia

The MM2H requires applicants to meet certain criteria and in exchange, applicants and their dependents are granted a 10 year multiple-entry visa. This is effectively a residence permit, enabling the successful applicant and their family to live in Malaysia.

Requirements upon Application

Applicants are required to demonstrate the capability to support themselves financially in Malaysia without seeking employment or government assistance. The financial requirements are as follows:

For applicants below 50 years old

  • Proof of bankable assets of at least MYR 500,000 (USD 135,000)
  • Proof of income of at least MYR 10,000 (USD 3,000) per month

For applicants 50 years old and above

  • Proof of bankable assets of at least MYR 350,000 (USD 95,000)
  • Proof of income of at least MYR 10,000 (USD 3,000) per month

Requirements upon Approval

Once an applicant receives a conditional approval letter, they must meet the following requirements:

For applicants below 50 years old

  • A bank account must be opened with a deposit of at least MYR 300,000 (USD 80,000)
  • After a period of one year, up to MYR 150,000 (USD 40,000) may be withdrawn for approved expenses relating to a house purchase, the education of children in Malaysia or medical purposes
  • A minimum balance of MYR 150,000 (USD 40,000) must be maintained from the second year onwards and throughout the stay in Malaysia under the program

For applicants 50 years old and above

  • A bank account must be opened with a deposit of at least MYR 150,000 (USD 40,000)
  • After a period of one year, up to MYR 50,000 (USD 13,000) may be withdrawn for approved expenses relating to a house purchase, the education of children in Malaysia or medical purposes
  • A minimum balance of MYR 100,000 (USD 27,000) must be maintained from the second year onwards and throughout the stay in Malaysia under the program
  • With proof of receipt of a pension of at least MYR 10,000 (USD 3,000) per month, the participant may be exempted from making a fixed deposit

Procedure and Time Frame

The Ministry of Tourism and Culture is responsible for the processing of all applicants. The Immigration Unit will issue a conditional approval letter to each approved applicant.

Upon receiving the conditional approval letter, the applicant needs to travel to Malaysia and fulfil the remaining requirements:

  • Open a bank account in Malaysia and transfer the fixed deposit
  • Purchase medical insurance from any insurance company in Malaysia
  • Obtain a medical report from any private hospital or registered clinic in Malaysia
  • After submission of the fixed deposit certificate, the medical insurance policy and the medical report, the applicant may collect their MM2H visa.

    It is important to note that the visa does not allow the holder to work in Malaysia and it does not lead to permanent residence.

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