If you're an expat considering a move to Malaysia for retirement or a long-term lifestyle upgrade, the Malaysia My Second Home (MM2H) visa could be your golden ticket.
With updated rules introduced in 2024, the MM2H program is once again open for applications — and better tailored than ever for retirees, remote workers, and lifestyle seekers.
Here’s everything you need to know about the new MM2H structure, and why now might be the perfect time to make Malaysia your new home.
What is the MM2H Visa?
The Malaysia My Second Home (MM2H) visa is a renewable 10-year multiple-entry visa designed to attract foreigners who want to live long-term in Malaysia.
It offers a flexible, stable residency option — without the need for permanent residency or citizenship.
Whether you dream of enjoying Malaysia’s low cost of living, world-class healthcare, stunning beaches, or multicultural lifestyle, MM2H provides a simple, legal pathway.
The New MM2H Structure: Gold, Silver, and Bronze Tiers
In 2024, Malaysia revamped the MM2H program to make it more accessible through a three-tiered system:
🥇 Gold Tier
- Fixed Deposit Requirement: RM1 million.
- Age: 35 years and above.
- Other Benefits: Priority processing, eligibility to bring dependents, and special property purchase rights.
- Ideal For: High-net-worth individuals looking for maximum flexibility.
🥈 Silver Tier
- Fixed Deposit Requirement: RM500,000.
(Lowered from the previous RM1 million!) - No Minimum Foreign Income required (previously RM40,000/month).
- Property Purchase Required: Must purchase a home in Malaysia (minimum value depending on the state).
- Ideal For: Retirees and lifestyle seekers wanting affordability and freedom.
🥉 Bronze Tier
- Deposit and Conditions: More flexible, but benefits slightly more limited compared to Silver and Gold.
- Ideal For: Those who want a simple path to long-term living without major financial commitments.
Other Important Updates (2024 Onwards)
✅ Eliminated Foreign Income Requirement
You no longer need to prove a high monthly income from abroad — a big win for retirees relying on pensions.
✅ Property Ownership Rule
Applicants now must own property in Malaysia, helping to boost integration and economic stability.
(Don't worry: Malaysia offers a wide range of affordable and luxury homes to choose from!)
✅ SEZ & SFZ Categories
Special Economic Zones (SEZ) and Special Financial Zones (SFZ) offer unique incentives for those willing to relocate to specific regions like Iskandar Malaysia and Forest City.
✅ Tax Benefits
Foreign-sourced income remains tax-exempt, and Malaysia has no inheritance tax — a major plus for expats thinking long-term.
Why Choose MM2H?
- Affordable, High-Quality Living: Malaysia’s cost of living is 30–50% lower than most Western countries.
- Excellent Healthcare: Private hospitals in Malaysia are top-ranked globally.
- English-Speaking: Communication is easy — English is widely spoken.
- Strategic Location: Easy travel across Southeast Asia.
- Rich Culture and Food: A blend of Malay, Chinese, Indian, and indigenous influences create a vibrant everyday life.
How to Apply for MM2H
Applying for MM2H involves several steps:
- Choose Your Tier (Gold, Silver, Bronze).
- Prepare Required Documents: Passport, financial proofs, medical checks, etc.
- Submit Your Application: Either through an agent or directly to the Immigration Department.
- Receive Conditional Approval.
- Complete Fixed Deposit & Property Purchase.
- Get Your MM2H Visa Endorsed!
Important: Different states (like Penang, Johor, Sabah, Sarawak) may have slightly different property rules, so always double-check local requirements.
Need Help Navigating MM2H?
The MM2H program offers an amazing opportunity, but getting every detail right can be tricky — especially with the 2024 changes.
If you’d like free advice or hands-on help with your MM2H application (or just want to understand your options better), don’t hesitate to reach out!
👉 Send us a Whatsapp message or email us at info@expatsinkl.com — we're happy to guide you through every step, no strings attached.
