Are you dreaming of a second home in Malaysia? Maybe you’re looking for a place for retirement or want a change of scenery. Whatever your reasons, obtaining a Second Home Visa in Malaysia can make that dream a reality. The “Malaysia My Second Home” program (MM2H) offers numerous benefits and opportunities for foreigners looking to relocate to this beautiful country. But how much does MM2H cost, and what steps do you need to take to apply? This article will explore everything you need to know about getting your second home visa in Malaysia!
How much does MM2H cost in Malaysia?
The cost of the Malaysia My Second Home program varies depending on several factors, such as age and nationality. Applicants must be at least 21 years old to apply, and the program is open to citizens from most countries worldwide.
One of the main costs associated with MM2H is a fixed deposit requirement. This deposit ranges from RM150,000 to RM300,000 (approximately USD 36k – USD 72k), depending on your age and whether you purchase property in Malaysia.
Other fees associated with MM2H include application fees ranging from RM1,500-3,000 (approximately USD 360-720), medical check-up fees, and visa issuance fees. Additionally, it’s essential to factor in living expenses like housing costs and healthcare when considering relocating to Malaysia permanently.
For those looking for an affordable way to secure their second home abroad while enjoying all that Malaysia has to offer both culturally and economically – The MM2H program provides a desirable option!
How to Apply for a Second Home Visa in Malaysia
Applying for a Malaysia My Second Home (MM2H) visa is a straightforward process that requires some patience and attention to detail. Firstly, you should visit the MM2H website for application forms and checklists. Various requirements must be met, such as having a certain amount of liquid assets and good health.
Once you have gathered all the required documents and completed the necessary forms, submit your application package to the Immigration Department of Malaysia. The processing time can take up to six months or longer, depending on whether there are any delays with documentation.
It’s important to note that applicants over 50 years old will need proof of medical insurance coverage, while those under 50 may opt for self-insurance. Once approved, successful candidates must meet certain conditions, including maintaining their financial status above a minimum level the Malaysian government sets.
Applying for an MM2H visa in Malaysia can be an exciting opportunity for those looking for a second home abroad. Proper preparation and patience during the application process can lead to many rewarding experiences living in this vibrant country full of unique cultures and traditions.
Conclusion
Malaysia’s Second Home visa program is an excellent opportunity for foreigners who want to live and invest there. This program offers a range of benefits, including long-term stay permits and tax exemptions on foreign income. However, before applying for this visa, it’s essential to understand its requirements and costs.
The MM2H application process can be complex and time-consuming; therefore, hiring a professional agency or consultant specializing in MM2H applications can help simplify the procedure significantly. With their expertise and experience navigating through the entire process from start to finish will ensure you have a smooth transition to your new life in Malaysia.
Choosing Malaysia as your second home destination has many advantages that could make it worthwhile. So if you’re considering relocating or retiring somewhere relaxing with modern amenities while still being affordable enough not to break your bank account balance at once, look no further than “Malaysia My Second Home”!