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Explore our website to discover more about our services, our team, the MM2H application process, why Malaysia is such a great place to live, and commonly asked questions.
If you have any questions or would like to join us on this exciting journey, please contact Ms Tara Lim, our Director, at tara@mm2hmalaysia.com.my. You may also contact us via WhatsApp (+60124388698) or WeChat (layhooi).
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Perfect Homes (MM2H) Sdn. Bhd.
MM2H License No: KPK/LN: MM2H 822Level 27, Unit 18A, Gurney Tower,
Persiaran Gurney,
10250 Penang, Malaysia.
Phone/Whatapps : +60-12-438 8698
Malaysia Contact: +60-12-438 8698
WeChat: layhooi Email: tara@mm2hmalaysia.com.my
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MEDIA NEWS
Among them are popular Hong Kong actors Hugo Ng, Dickson Lee and Philip Keung, who reportedly bought properties here in the state.
Some fans even remarked that Keung, who bought a property in Penang for his wife in 2017, is now a “qualified tour guide” for Penang.
The couple had spent their Chinese New Year in Penang vlogging about the food and their travels earlier this year.
Malaysia My Second Home (MM2H) consultant Tara Lim said many businessmen and professionals had bought properties priced above RM1mil.
“Some even bought condominium units priced between RM3mil and RM7mil.
“One of them from Hong Kong even invested in a shopping complex in Tanjung Tokong, which has since been renamed as Island 88.
“It is now undergoing facelift and upon completion, it will feature an upmarket mall ala Hong Kong style,” she said.
Lim said non-MM2H applicants who bought property here could only stay in the country for a limited time due to the visa requirement.
She said that under social visit passes, some can only stay for up to 30 or 90 days each time they enter the country.
“If you buy property here, you would definitely want to stay longer to enjoy the lifestyle and culture here.
“Some foreigners claim they can exit and enter Malaysia again after the 90 days’ expiration.
“But bear in mind, the Immigration Department has the right to stop them if they do this too often.
“It has happened to my clients from Hong Kong, China and Taiwan before,” she said.
ALSO READ: Hoping for five million Chinese tourist arrivals to M’sia next year
Lim said many potential buyers are waiting to commit in property purchase pending the confirmation of the latest MM2H requirements.
Lim, who has been in the industry for more than 10 years, said the government should expedite the move before this group of tourists are “poached” by other countries such as Thailand or Indonesia.
“Tourists from China, Hong Kong and Taiwan spend their money here and they live here and subsequently help to boost the property industry and also contribute to our economy,” she said.
On the revamped version of the MM2H programme which now has three tiers – Silver, Gold and Platinum – as announced by the Tourism, Arts and Culture Ministry, Lim said the MM2H stakeholders and associations would like to hear from the minister on the latest requirements soon.
Last week, Tourism, Arts and Culture Minister Datuk Seri Tiong King Sing said the newly revamped MM2H programme would be on a trial run for one year and remain open to adjustments based on evolving circumstances, ensuring its continued relevance and effectiveness.
Under the new procedures, the age requirement has been lowered to 30 and above, opening doors for a wider group of individuals seeking to call Malaysia their second home.
Under the revised programme, applications can only be submitted through licensed MM2H agents accredited by the ministry under the Tourism Industry Act 1992 (Act 482).
MM2H consultant Tara Lim said majority of those who are interested are from China, but she is also seeing increasing interest from Taiwanese nationals.
“I have more than 70 interested applicants, and many agents around me also have around 40 to 50 potential applicants,” she said.
She added that there is also increasing interest from Singaporeans who are considering MM2H for retirement, as it is an attractive option due to cheaper living costs and a similar culture.
“With the requirement of RM40,000 offshore income removed, more can apply as they don’t have to fulfil the income requirement,” Lim said.
“The changes to owning a property may deter some; however, those who own property in Malaysia will fulfil that requirement.”
Property ownership is still cheaper in Malaysia, which charges up to 4% stamp duty compared with Singapore’s 60% additional buyer’s stamp duty fees, she added.
She also said that compared to a similar programme in Thailand (Elite Thailand), Malaysia’s programme remains competitive.
“Elite Thailand requires at least 900,000 bhat (RM115,000) for five years in fees, which are not refundable, whereas under MM2H foreigners have a fixed deposit and property ownership that they still fully own,” she said.
Current hotspots for MM2H applicants are Kuala Lumpur and Penang with Johor also rising in popularity, she said.
Lim also clarified that those who came under the previous MM2H conditions are not subjected to the new rules.
“They should refer to the conditions as per their approval letter,” she said.
Jaime Chiew, managing director of an MM2H consultancy, also said she has noted a slight increase in interest after the announcement of the new guidelines.
“I have quite a number of interested parties wanting to apply for the programme, especially those who can meet the new requirements.
“But there are some who still find the requirements too strict,” she said.
The mandatory property purchase, especially the 10-year holding period, can be a significant financial commitment, she explained.
“It may be too early to determine how many will actually apply. We still need more details from the government for the application procedure and the approval duration,” she said.
Malaysia remains an attractive MM2H destination, especially with its lower cost of living, diverse and welcoming culture, relaxed lifestyle and ability to own properties, she added.
On the other hand, MM2H Consultants Association president Anthony Liew said many of his clients lost interest in the programme after the mandatory property purchase requirement.
“Only 30% to 40% of the current MM2H holders would buy property in Malaysia,” he said.
While foreigners from China, Hong Kong and Korea are more willing to buy property, those from Japan and Western countries usually prefer to rent, he said.
He also hopes the ministry can clarify if applicants must purchase the property first or if they can buy later.
Checks by The Star on MM2H Facebook groups saw more discussions and interest in the programme after the announcement of the updated guidelines recently.
While the removal of the income requirement was welcomed, some expressed concerns about the mandatory property purchase and the 10-year holding period.
Nevertheless, there is a consistent interest in staying in Malaysia for its welcoming people, ease of communication (language) and good educational institutions.
An MM2H expat from China, George Yue, said he came to Malaysia with his wife in 2022. They had planned the move after falling in love with the country during their travels in the region.
“Locals speak Chinese and English, which was very convenient for us, and we could easily adapt to the food and climate here,” he said.
However, the new MM2H conditions may deter expats, as it no longer offers the flexibility of its predecessors, he cautioned.
“Now the pass is more rigid with the property purchase requirement and a 90-day minimum stay in the country.
“When I applied in 2019, a number of my friends were interested, but with these new guidelines, they have lost interest,” he said.
On June 14, Tourism, Arts and Culture Minister Datuk Seri Tiong King Sing announced a new three-tier category for MM2H applicants – Platinum, Gold and Silver.
The Platinum category requires a fixed deposit of US$1mil, the Gold category US$500,000, and the Silver category US$150,000, along with a property purchase of at least RM600,000.
FAQs
There are numerous MM2H consultants in Malaysia, each with their own specialties. However, our company is the only licensed MM2H consultancy in Malaysia that offers a comprehensive range of services under one roof. Our founder is a Lawyer and Notary Public, while our Managing Director is a Chartered Accountant.
In addition to MM2H consultancy, we provide services such as Tenancy Agreements, Property Sales & Purchase Contracts, Loan Agreements, Will Writing (to protect MM2H property purchases and fixed deposits), Probate services, and more. This holistic approach sets us apart from other consultants.
Yes. We have successfully applied MM2H visa for a Canadian client who was an ex- Malaysian
Yes. You will need to provide proof of relationship by submitting your Marriage Certificate and the child’s Birth Certificate when the time comes. You can also include your parents or in-laws if they are over 60 years old, by providing your or your spouse's Birth Certificate as evidence.
Yes, you can apply as a single parent, provided you submit proof of child custody and the child’s Birth Certificate.
Yes. As long as you have a supporting letter from a doctor, this will suffice. We have successfully assisted clients with special needs children in obtaining the MM2H visa.
Yes, pets are considered family members too. Some of our clients have brought their pet dogs and cats with them. Depending on the country of origin, pets may be subject to a 7-day quarantine.
The applicant and family members must stay in Malaysia for a combined total of 90 days per year. For example, the main applicant might stay for 10 days, the spouse for 30 days, and the children for 50 days, totaling the required 90 days.
MM2H visa is essential if you wish to stay longer than 30 or 90 days. Regularly entering and exiting Malaysia using visa-free entry might be considered a “visa run,” which could raise suspicions with Immigration. Immigration has the authority to question or even deny entry to individuals who frequently perform visa runs without a valid long-term visa, such as MM2H, work, or student visa. Some of our potential clients, before obtaining the MM2H visa, were questioned by Immigration on their third or fourth visa run. In one instance, we had to intervene at the airport to prove their application was in progress before they were allowed entry.
After your application is approved, you will receive a Conditional Approval Letter. You must enter Malaysia within six months from the date of this letter to complete the Visa Endorsement process and place your Fixed Deposit.
You have six months from the date of approval to plan your Fixed Deposit fund transfer, with the amounts as follows:
Silver: USD 150k
Gold: USD 500k
Platinum: USD 1 million
SEZ (age >50): USD 65k
SEZ (age >21): USD 32k
We will assist you in opening a bank account in Malaysia.
10)How can I withdraw 50% of the Fixed Deposit (FD)?
The withdrawal is on a reimbursement basis, meaning you pay first and withdraw later. To apply for withdrawal, you must provide the following documents:
Property Purchase: Purchase Agreement
Medical: Medical Receipt
Education: Student Fees Receipt
Tourism: Receipts
The maximum withdrawal is 50% of the FD. The remaining 50% stays in the bank with interest until you decide to discontinue the program.
The remaining 50% of the Fixed Deposit will remain in the bank as long as you are still MM2H visa holder. Should you decide to cancel the visa in future, you will be able to withdraw the full amount of the remaining Fixed Deposit.
We will help you extend the visa for another five years, and subsequently, every five years. As long as you maintain a minimum of 50% of the Fixed Deposit in the bank, your visa will be renewed. The renewal process is straightforward.
Visa renewal fees, as set by the government, are as follows:
Silver: RM 1,500
Gold: RM 3,000
Platinum: RM 5,000
SEZ: RM 300
Yes, you can upgrade as long as you can place the higher Fixed Deposit required for the next tier.
You can transfer your MM2H visa to your new passport by providing proof of citizenship renouncement. We have successfully assisted clients in this matter.
If you are under 60 years old, you must have medical insurance coverage in Malaysia before your MM2H visa can be endorsed. We can assist you in obtaining this coverage.
In Malaysia, you cannot hold two different visas simultaneously (e.g., MM2H and Work visa).
With the MM2H visa, you can set up a business and employ staff to work for you. However, you should not be actively involved in the daily operations or receive a salary. As a business owner or shareholder, you may declare dividends or pay yourself director fees instead.
If the main applicant passes away, the visa can be transferred to the spouse or designated dependents, allowing them to continue staying under the program.
The Ministry of Tourism has fixed the application fees, which all MM2H Consultants must adhere to:
Silver: RM 40k
Gold: RM 55k
Platinum: RM 70k
SEZ: RM 40k
These fees cover the application for the main applicant and dependents, including the main applicant’s visa fees (excluding dependent visa fees).
Yes, property ownership is required, e RM600,000 for Silver program, RM1Million for Gold program and RM2Million for Platinum program. But if you already owned a property above the respective threshold, then you do not need to make a new purchase.
You are allowed to sell the property within 10 years from the approval of your MM2H visa provided you purchase another property of higher value.