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REGULATORY ANNOUNCEMENTS
- The Malaysia My Second Home Program
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Effective
1 June 2009:
The
applicant will have to get a letter of good conduct from the police in
his country of origin to be submitted at the point of application.
Effective
13 Feb 2009:
-
MM2H participants aged 50
and above with specialised skills and expertise that are required in the
critical sectors of the economy, are allowed to work not more than 20
hours per week. The approval to work part-time is subject to the following
conditions:
a)
the
application is approved by the MM2H Special Committee;
b) the work contract needs to state that the MM2H participant is working
part time and to attach the work schedule; and
c) total number of hours of week does not exceed 20 hours.
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MM2H participants are
allowed to invest and actively participate in business, subject to
existing Government policies, regulations and guidelines which are in
force for the relevant sectors.
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Foreign spouses of
Malaysian nationals are eligible to apply for MM2H, subject to the terms
and conditions of the MM2H Programme. Alternatively, they have the option
to apply for the Spouse Programme.
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The ten-year Social Visit
Pass is extended to all Silver Hair and MM2H participants who were
previously approved under the five-year Social Visit Pass, subject to the
validity of their passports.
-
Employment Pass holders
who wish to participate in the MM2H Programme are exempted from the
“cooling off period” on the condition that their application to
participate in MM2H Programme is submitted 3 months before the expiry of
the Employment Pass.
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ID-Cards will be issued
to MM2H participants with permanent address in Malaysia. This is validated
by submitting the Sales and Purchase Agreement or Tenancy Agreement in
Malaysia.
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Age limit of unmarried
dependent children is raised from 18 years to 21 years. A declaration
stating that the child is unmarried and all expenses during the stay in
Malaysia will be borne by the principal participant of the MM2H program is
required.
-
‘Dependants’ include
unmarried children aged 21 years and below, step-children, disabled
children and parents.
Effective
9 Jan 2009:
Foreigners may apply for
the MM2H Programme by themselves (not through an unlicensed third party), OR
may continue to apply through MM2H agents licensed by the Ministry of
Tourism, Malaysia (such as us here).
There will be a freeze on issuance of MM2H
agent licenses (new) by the Ministry of Tourism,
Malaysia.
Effective 1
July 2008:
New
applicants who have purchased residential property which
were bought at RM1 million and above in
Malaysia are
eligible to apply for exemption from placing the full Fixed Deposit
amount required of MM2H participants. They only have to deposit a Fixed
Deposit of RM 60,000. This amount cannot be withdrawn until the participants
decide to terminate their participation in MM2H Programme. You can use 1
property or a several properties to make up the RM 1 million figure, however
these properties will have to be purchased in the last 5 years before
application for the MM2H Program. An applicant above 50 years old would have
to have paid at least RM 150,000 and an applicant below 50 years old at
least RM 300,000 for those properties before they can use this exemption to
apply for the MM2H Program.
Effective 1
June 2007:
All MM2H
applications are to be submitted through a licensed MM2H agent only. No
individual or unlicensed 3rd party applications will be entertained by the
authority.
Effective
1 June 2007:
Foreigners
married to Malaysian citizens cannot apply for the MM2H Program. This
category of people must apply for the foreign spouse visa from the Malaysian
Immigration Department.
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