Malaysia My Second Home

The Malaysia My Second Home program (commonly abbreviated "MM2H") is an international residency scheme enacted by the Government of Malaysia to allow foreigners to live in the country on a long-stay visa of up to 10 years. To qualify for the program, applicants must meet certain financial and medical criteria. Successful applicants are then entitled to enter and leave the country on a largely unrestricted basis, and also benefit from other incentives aimed at making their stay in Malaysia more convenient. Certain restrictions may apply.

Currently the Ministry of Tourism and Culture (MOTAC) is responsible for promoting MM2H, with approval of applicants and issuance of visas made directly by the Immigration Department of the Ministry of Home Affairs. A "MM2H One-Stop Centre" has been set up under the MOT and it is anticipated that all visa procedures will be transferred from the Immigration Department to the One-Stop Centre by the end of 2006. The Malaysian State of Sarawak has its own MM2H program under its Sarawak Tourism Board, that has slightly different requirements and incentives. http://www.sarawak.gov.my/web/home/article_view/221/279/

The program is open to all citizens of countries recognised by Malaysia regardless of race, religion, gender or age. Applicants are allowed to bring along their spouse and unmarried children below 21 years old. So far over 23,000 people have been approved for the MM2H visa.

Applicants aged below 50 years are required to show proof of liquid assets worth a minimum of RM500,000 and offshore income of RM10,000 per month.[1] Applicants below 50 years old are required to open a fixed deposit account in Malaysia of MYR300,000.00 at any bank with a local branch. This includes local branches of international banks such as HSBC, Standard Chartered, etc.

The State of Sarawak does not allow applicants below 50 years of age, with the exception of individuals over 30 years of age who have children enrolled in schools or undergoing long term medical treatment in Sarawak. http://www.sarawak.gov.my/web/home/article_view/221/279/

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Wikipedia