Malaysia Residency

Malaysia, one of Asia’s most dynamic economies, offers foreign investors long-term residency through the Malaysia My Second Home Program, attracting applicants with its political stability, stunning scenery, and thriving investment opportunities.

Malaysia thrives as one of Asia’s most dynamic economies, fueled by continuous industrial growth and political stability. After achieving independence, Malaysia joined the British Commonwealth and became a member of prestigious international organizations such as the UN, APEC, and ASEAN. Renowned for its stunning beaches, breathtaking scenery, and lush rainforests, Malaysia is a prominent tourist destination in Southeast Asia. Since the launch of the Malaysia My Second Home (MM2H) Program in 2002, over 35,000 applicants have gained approval, allowing foreign investors to reside in Malaysia on a multiple-entry social visit pass. With its thriving economy and picturesque landscapes, Malaysia offers a compelling blend of investment opportunities and natural beauty.

Time Frame

Three (3) to six (6) months

Investment Requirement

An expenditure of at least MYR 1 million is required (approximately USD 230,000).

Key Benefits of the Malaysia My Second Home Initiative

• Clear and efficient immigration pathway through investment
• Decade-long, multiple-entry permit extendable annually with a mandatory 90-day visitation period each year
• Opportunity to include spouse and dependent children below 21 years old and unmarried
• Diverse community
• Option to purchase any quantity of housing units, assessed between MYR 300,000 to MYR 1 million, varying by locality
• Levies are only imposed on income generated within Malaysia, with numerous reciprocal tax treaties established.

The Malaysia My Second Home Initiative Requirements

Candidates must be at least 35 years old and demonstrate the ability to support themselves economically in Malaysia without seeking employment or state aid.

All of the following criteria must be met. During the submission, the primary petitioner must:

• Provide verification of bankable resources valued at a minimum of MYR 1.5 million (around USD 350,000).
• Present verification of overseas revenue valued at a minimum of MYR 40,000 (around USD 10,000) monthly.

Upon approval of the application, one of Tsavorite’s partners will assist the applicant with:

• Opening a bank account
• Obtaining a health report from a private clinic
• Purchasing health coverage from a Malaysian insurer

Thereafter, the applicant:

• Must deposit MYR 1 million (around USD 230,000) and MYR 50,000 (around USD 12,000) per dependent spouse or child into a domestic fixed deposit account. This investment must be maintained throughout the applicant’s residency in Malaysia under the program.
• Is permitted to withdraw up to MYR 500,000 (around USD 115,000) after the first year if desired, for approved expenditures related to home acquisition, schooling for their children in Malaysia, or healthcare purposes.

Procedures and Time Frame

The Malaysia Immigration Department will issue an approval letter to each successful applicant. Employment in Malaysia is prohibited under the visa, and it does not lead to permanent residency. Once the residency application is submitted to the Malaysian government and initial endorsement is granted, the applicant can travel to the country to fulfill the remaining requirements (such as opening a bank account and meeting medical requirements), with assistance from one of Tsavorite’s partners. Subsequently, full endorsement will be granted, and the applicant and their family members will receive their 10-year multiple-entry visas to Malaysia. The entire process typically takes between three to six months. The primary candidate and their partner must spend 90 days annually in Malaysia (children and parents are exempt from this requirement). The initial visa is valid for five years and can be extended for an additional five years.

If you would like to learn more about the Malaysia My Second Home Initiative, please don’t hesitate to contact us at Tsavorite as we would love to connect with you.