![]() (In comparison, the federal MM2H program application is done 100% online). *During your stay, you can withdraw up to 40% (in Sarawak) and up to 50% (in Federal MM2H) of your deposit amount for qualified expenses such as real estate purchases, kids’ education, and medical expenses with the Sarawak program.Īlso note: You must submit your application personally in Sarawak, and travel there to pick up the visa within three months of approval. Issued for 5 years, and renewable for additional 5 RM300,000 (~ $74,000 *) per married coupleĪ) Demonstrate monthly Income : RM40,000 (~ $9,500 )ī) Deposit in a Malaysian bank: RM1 million (~ $240,000 )*Ĥ0 – 50 years if you buy property worth RM600,000 (~$ 148.000 +) ģ0 – 50 years if your kids are in school in Sarawak, or if you’re undergoing approved long-term medical treatment there. RM10,000 (~ $2,400 ) per month per married couple RM 7,000 (~ $1,700 ) per month per single applicant ![]() Here is a quick round-up of its requirements: Requirements We’ve known about this program for some time, and argued that Sarawak’s program was a better choice even before the Federal program had changed. Its visa holders can live anywhere in Malaysia, and not only in Sarawak. One of Malaysia’s autonomous states - Sarawak - has its own MM2H program. The majority of them will not be able to meet the new conditions upon renewal, and may hence have to leave Malaysia altogether.įortunately, there is a solution… Introducing the Sarawak Residency Program A very large percentage of them are retirees living on their pensions and social security. We can only hope the Malaysian government rethinks their decision in the near future.Īnd in the meantime, the new conditions will also apply to the current MM2H residents who have been living in Malaysia for years under the old conditions. The program will now become much more exclusive, and accessible to far fewer applicants. We view these changes as very restrictive. *During your stay, you can withdraw up to 50% of your deposit amount for qualified expenses such as real estate purchases, kids’ education, and medical expenses with the federal MM2H Program.Īdditionally, the number of MM2H permit holders will be capped at 1% of Malaysia’s population (we doubt they will have to worry about this becoming a problem any time soon). RM350,000 (~ $85,000 ) if you were over 50.Īny age, but the financial requirements became less demanding for applicants of 50 years or older. RM10,000 ( ~$2,400 ) per month (for applicants younger and older than 50). ![]() The below table summarizes the key changes: Main Requirements Still, it was a transparent program that allowed individuals with even moderate means to live in Malaysia full-time.īut in July of 2020, the government suspended the program citing the pandemic as a reason, and promised to reopen it at a later date with revised requirements.Īfter more than a year of silence, the government recently announced that the amended MM2H program would be restarting in earnest in October of 2021.Īnd that the program requirements would become much stricter. (You also needed to demonstrate that you continued to meet the program’s requirements upon renewal). It was always more of a glorified tourist visa that required renewal every ten years. The MM2H never led to any kind of permanent status in the country. Let’s be frank - Malaysia never really had a “ Golden Visa” similar to what we see in Portugal or Spain. ![]() Traditionally, Asia has been a tough place to obtain legal residency (and practically an impossible place to become a citizen through naturalization).īut Malaysia for many years offered what some experts called the world’s most successful Golden Visa - the Malaysia My Second Home (MM2H) program. Malaysia’s MM2H Program is back, but with MUCH stricter requirements. Why Malaysia makes sense as a retirement destination…Īs a place to spend your golden years, Malaysia has a lot going for it: warm weather, sumptuous cuisine, world-class beaches and a relaxed, low-cost lifestyle has made the country extremely popular as a destination for expat retirees.Īffordable medical care, high levels of personal safety, the ability to own freehold property and their accessible long-term visa program completed the picture.īut in 2020, the latter aspect changed… Malaysia MM2H: What’s changed in 2021?
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