Recently, the Malaysian government has updated the “Second Home” program (MM2H) by adding the Special Financial Zone (SFS) category and adjusting the overall application threshold.
It is reported that the government is expected to formally announce the submission of applications this month, and those who are interested in applying can start to prepare their documents.
01
Malaysia Second Home Program
Latest Application Requirements
According to the new policy, the Malaysia Second Home Program is subdivided into four groups, namely Platinum, Gold, Silver and Iskandar Special Zone (Forest City), and the eligibility criteria for each group are as follows:
Silver Group
◆ Age requirement: 25 years old and above;
◆ Deposit requirement: US$150,000
◆ Participation Fee: RM1,000;
◆ Property Requirement: Purchase of property valued at RM600,000 or above;
◆ Visa validity: 5 years, renewable upon expiry.
Gold Group
◆ Age requirement: 25 years old and above;
◆ Deposit requirement: US$500,000 dollars;
◆ Participation fee: RM3,000;
◆ Property Requirement: Purchase of property valued at RM1,000,000 or above;
◆ Visa validity: 15 years, renewable upon expiry.
Platinum Group
◆ Age requirement: 25 years old and above;
◆ Deposit requirement: US$1 million;
◆ Participation Fee: RM200,000;
◆ Property Requirement: Purchase of property valued at RM2 million or above;
◆ Visa validity: 20 years, renewable upon expiry;
◆ Special Privileges: After approval, can engage in business, investment, work and other activities in Malaysia.
Iskandar Special Zone (Forest City) Second Home
◆ Age requirement: 21 years old and above;
◆ Fixed Deposit Requirement: $65,000 for those below 50 years old and $35,000 for those above 50 years old;
◆ Participation Fee: RM1,000;
◆ Property Requirement: Purchase of property valued at RM500,000 or above and must be purchased from Forest City;
◆ Visa validity: 10 years, renewable upon expiry.
Applicants in each of the above groups can bring their spouse, children and both parents to live in Malaysia upon approval.
Meanwhile, 50% of the fixed deposit funds can be withdrawn after one year for home purchase, medical expenses, travel and other expenses.
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Moving to Malaysia
What are the advantages
Malaysia is not only blessed with natural environment, pleasant climate and rich culture, but also provides quality living facilities and broad development opportunities.
Living Environment
Malaysia is known as the “Green Lung of Asia” and is rich in natural resources, such as beautiful beaches, dense rainforests and islands.
At the same time, compared with many developed countries, the cost of living in Malaysia is relatively low. Housing, food, transportation and other daily consumption here are relatively affordable, residents enjoy a high quality of life at the same time, but also can save a lot of money.
II. Society and Culture
Malaysia is a multi-ethnic and multi-cultural country. It is home to residents from all over the world, so you can experience a wide variety of cultural activities and cuisine in Malaysia.
In addition, Malaysia has relatively good social security and low crime rate. The government is committed to maintaining social stability and public safety, providing a safe living environment for residents.
Education and Medical Facilities
Malaysia has many high-quality international schools, providing British and American education, providing more choices for children's future development.
At the same time, Malaysia has a high level of medical care, with professional medical teams and advanced medical equipment. When you seek medical treatment in Malaysia, you can enjoy efficient, convenient and professional medical services.
To summarize, Malaysia not only has a beautiful natural environment, pleasant climate and rich culture, but also provides quality living facilities.
If you are interested in moving to Malaysia through the Second Home Program, please contact Nebula Sea International and we will provide you with a customized solution.
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