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Penang Property
 
Age
Income / Finance
Applicant above 50 years of age
Applicant below 50 years of age
Insurance Coverage / Medical Report
Government Tax
Social Visit Pass
Application Requirements
Submission of Application
Fees
Extension of Social Visit Pass
Approval Period
Restrictions
Useful Links
Penang Photo Gallery
 
 
 
 
 
 
The Malaysia My Second Home Programme (MM2H) was initiated by the Malaysian Government to welcome all foreigners to reside in Malaysia with a 10 years Social Visit Pass (SVP) & Multiple Entry Visa (MEV) in high flexibility.
 

Previously known as the Silver Hair programme (1996-2002), the Malaysia My Second Home (MM2H) programme was set up to promote Malaysia as an attractive second or permanent home for foreigners and to date, the programme has attracted more than 8,000 participants.

 

Under the new guidelines, applicants below aged 50 need to put RM300,000 in a fixed deposit in a local bank and are allowed to withdraw up to RM240,000 after one year. The funds can only be used to buy a house, or to cover medical or education expenses.

 
Applicants can apply for the programme without going through a third party but they must possess a valid medical insurance policy and must pass the police and immigration departments' security checks.
 
 
Penang Property
 
 
Age
 
No age limit
 
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Income / Finance
 

All applicants are required to have a fixed deposit account in any banks in Malaysia which must be active for the duration of the applicant's permitted length of stay. The proof of income from abroad can be at least 3 months income statement.

 
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Applicant above 50 years of age
 
The applicants can choose to open a fixed deposit account of RM150,000; or show proof of monthly off-shore income at least equivalent to RM10,000.
 
If they chose the fixed deposit, withdrawal are allowed of up to RM90,000 for the purchase of house, medical insurance or children's education expenses after the deposit has been placed for one year.
 
The participants must maintain a minimum balance of RM60,000 throughout their stay in Malaysia under this programme
 
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Applicant below 50 years of age
 
The applicants must maintain a fixed deposit account of RM300,000 and  can withdraw up to RM240,000 for the purchase of house, medical insurance or children's education expenses after the deposit has been placed for one year.
 
A minimum balance of RM60,000 must be maintained from second year onwards and throughout their stay in Malaysia under this programme.
 
 
From 1st March 2006 onwards, the above financial requirements will be replaced by a new condition. The new financial requirement will just be fixed deposit of US$75,000 or equivalent amount in Ringgit Malaysia. The fixed deposit account  maintained may be in US$ or Ringgit Malaysia.
 
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Insurance Coverage / Medical Report
 
Applicants must have a medical insurance that includes coverage in Malaysia or extend their existing policies to include medical coverage in Malaysia. Applicants above 50 years of age need not provide proof of medical insurance if this is not available.
 
However, applicants must provide their latest medical report for submission process and once approval is obtained applicants have to obtain a local medical report in Malaysiaa
 
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Government Tax
 
The successful applicants are bound by the policies, systems and regulation of tax of Malaysia. However, tax exemption is given to pension which is remitted into Malaysia.
 
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Social Visit Pass
 
The approval is for a term of 10 years and can be extended every 10 years and applicants will be issued with Multiple Entry Visas
 
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Penang Property
 
 
Application Requirements
 
Letter of application
2 copies of application form for Social Visit Pass, IM.12 for each applicant and dependent
2 passport sized photos of each applicant and dependent
Photocopies of passport/travel document for each applicant and dependent
A certified copy of Marriage Certificate (if accompanied by spouse)
A certified copy of latest bank statement or related financial document
Copy of birth certificates (if accompanied by children)
A certified copy of medical insurance and fixed deposit (these documents can be submitted after receiving conditional approval)
 
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Submission of Application
 
Applications can be made in or outside Malaysia. Applications can be submitted to either:
 
Ministry of Tourism Malaysia
All Malaysian Representative Office abroad
All Tourism Malaysia Offices
 
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Fees
 
The fee for the Social Visit Pass under Malaysia My Second Home programme is RM90 per year and the fee can be paid in full for a 10 year period for RM900.
Visa fees are at existing rate applicable to each country (not exceeding RM100)
 
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Extension of Social Visit Pass
 
Documents required when applying for extension are as follows:
 
Letter of intent to continue the programme
Passport and photocopy of passport
1 copy of Form IM.55
Latest certified fixed deposit
Payment of RM90 per year for visa
 
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Approval Period
 
Result of the application will be known within 30 working days from the date of submission if the application is complete and fulfills all requirements.
 
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Restrictions
 
Being employed anywhere in Malaysia unless approved by the government.
 
Participating in activities that can be considered as sensitive to the local people like political or missionary activities.
 
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Tourism Malaysia
Immigration Department of Malaysia
mm2h.com
 
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