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NEW ANNOUNCEMENT!
(updated 01 - 04 - 2008)
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Effective 13 Feb 2009:
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Malaysia My Second Home
(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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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.
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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.
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‘Dependants’ include
unmarried children aged 21 years and below, step-children, disabled
children and parents.
INTRODUCTION
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Thank you for visiting our website on the Malaysia My 2nd Home
Program. In this website you will discover how to apply for the MM2H -
the conditions, application process, required documents, time frame etc.
Our company CK-TEN
(MM2H) SDN BHD is one of the largest and longest established in this field.
We are licensed by the government of Malaysia
as an agent for the Malaysia My Second Home (MM2H) Program. Our clients are
professionals and business people from all over the world.
The MM2H Program is for families or individuals to live on a
long term period in Malaysia on a 10 year renewable multiple entry visa.
Successful participants can bring their spouse, children and a maid to live
here. The participant's children can attend any reputable international
schools and colleges in Malaysia. The spouse and children of the main
applicant gets the same class of visa and the same duration as the main
applicant.
There is no minimum compulsory number of days stay in Malaysia under this
program. As an example you can stay here 365 days a year or just 1 day a
year. There is no limit to your number of entries or exits to or from
Malaysia per year.
Participants of the MM2H Program
can also invest in all common classes of assets in Malaysia i.e. property,
shares of companies, bonds and fixed-deposits. They can also actively
participate in business such as being an owner of a company and being
involved in the active running of it. Those that are above 50 years old can
work for up to 20 hours a week in skilled positions. However one needs a
further permission from the Immigration Department before he or she can work
for 20 hours a week.
There is no tax on monies brought into Malaysia, however any income (such as
income from house rental) made in Malaysia will be subjected to income tax.
The basic financial criteria is to open the following Fixed
Deposit account in a Malaysian incorporated bank of your choice, after you
have gotten approval for the Program:
CONDITIONS
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Above
50 years old
- Fixed
Deposit RM 150,000 (can withdraw RM 50,000 to buy a house, pay for medical
expenses or children's education, after 1 year)
Below
50 years old
- Fixed
Deposit RM 300,000 (can withdraw RM 150,000 to buy a house, pay for medical
expenses or children's education, after 1 year)
AGENCY FEE
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Our fee is RM 10,000 and includes the following services:
(1) Being a Sponsor for
your application.
(1a) Completing the
Declaration Form for your application.
(2) Compiling,
submitting and follow-up until the result of the application is known.
(3) Transporting you
and your family members to all places related to the
acquisition of the MM2H
Visa when you come.
(4) Compulsory medical
examination for you and your family.
(5) Minor follow-up
advise for your stay in Malaysia.
50% of the fee is payable at the beginning of the process and
the remainder when we take you to collect the Visa.
It does not include the following costs, as they are usually
variable from case to case:
(1) Medical insurance
policy for the applicant.
(2) Immigration Visa
fee payable to the Immigration Department, of approximately RM 110 per
passport per year.
We have and will always endeavour to compile an
application to the best standards and chance of success. In the unlikely
event if an application fails we will retain RM 100 for miscellaneous fee
and will return the rest of the money to you.
The documents that are required at the stage of application
are as follow:
DOCUMENTS
NEEDED
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(1) Passport. Photocopy
of every page of the passport (notary public to stamp the page with
photo only).
(2) 4 passport-sized
photographs for each person.
(3a.) Proof of
financial security. Financial statements from Savings, Current or Fixed
Deposit bank accounts outside of Malaysia that has collective value of RM
600,000 or more. This is to demonstrate that this person has the financial
capacity to support his stay in Malaysia. (Should get documents for the last
3-6 months)
(3b.) Prove of offshore
monthly income of about RM 10,000. This proof of monthly income should be in
the form of profit from companies, salary, pension or other retirement
benefits (in the form of letter from company or payment vouchers or income
tax statements etc).
(4) Marriage
Certificate (if application with spouse).
(5) Birth Certificate
(if application with children).
(6) Curriculum
Vitae/Resume
(6) Any other
information or documents that can further substantiate or strengthen the
application, such as membership of professional bodies, educational
certificates etc.
(7) A simple letter of
intention to apply for the Programme.
(*) Letter of
good conduct from your local police (police clearance letter)
* The above copies of certificates or statements need to be
certified true copy by the Notary Public or issuing authorities.*
We are a licensed agent for the MM2H Programme. Our job
includes advising the client, being a sponsor and completing various
official declaration on behalf of the applicant. We also compile the
application, submit and follow through until approval.
The entire process can be simplified as below:
PROCESS
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Step 1
– Pre-Submission (Applicant to mail necessary documents and fees to us or
our agent listed here).
FEES
PAYABLE:
50% of
agent’s fee
Step 2
- We submit completed application.
Step 3
- Conditional Approval letter is issued by the Immigration Department
Malaysia. We inform applicant.
Step 4
- Applicant comes to Malaysia.
ACTIVITY:
1.
Medical Check
2. To
open a Malaysian Bank Account and a fixed-deposit.
3. To
purchase Medical Insurance
Step 5
- We submit remaining documents.
ACTIVITY:
1.
Applicant collects VISA
FEES
PAYABLE:
1. Remaining 50% of
agent’s fee
2. RM 450 for 5 years
visa fee (RM90 x 5)
3. RM 500 for “Journey
Performed” - Visa fee if applicant is in Malaysia when approval is issued.
Step 2 to Step 3 (from application to approval) takes
approximately 30 working days.
Please contact us through the
address at the top for further
information today!
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