Malaysia My Second Home (MM2H)-Retire in Malaysia
Malaysia My Second Home (MM2H) is a programme introduced and promoted by the Malaysian Government. MM2H programme launched by Malaysia government to encourage and welcome foreign citizens to stay in Malaysia. MM2H programme open to all foreign citizens over the world except those from Israel, Yugoslavia & Montenegro.
MM2H participants allow to stay for long term on a Social Visit Pass with a renewable multiple entry visa valid for 5 years, and soon to be extended to 10 years. Holders of Expatriate Pass (Work Permit) and their dependants are not eligible to apply for MM2H unless they give up their work permit as well as holders of a Student Pass.
However, this MM2H programme does not entitle a permanent resident status and successful applicants are strictly forbidden from being employed anywhere in Malaysia unless approved by the government or to participate in activities such as political, missionary activities or anything which are provocative, instigative or considered sensitive to the local people and threat to national security of this country.
MM2H programme has been growing from strength to strength over the years. With the recent policy liberalisation, the Malaysia Government was taking the right measures to ensure a smoother delivery system so that Malaysia could attract more foreigners to retire or stay here. With these new and positive changes, we are encouraged by the authorities’ efforts to support the MM2H programme.
The tangible benefits were obvious, as the foreigners under the MM2H programme were likely to spend about 10 times more that the average Malaysian. It’s was a win-win situation for everyone to aggressively promote the programme as it would benefit all sectors of the economy.These include the Government, industry players such as licence operators, property investment market, travel and tour sector, as well as services-related industries such as hotels and restaurants.
The move will also benefit the MM2H participants, who will be able to enjoy a quality lifestyle in Malaysia and, at the same time, “stretch their dollar” to last longer. Conceptually, MM2H was an excellent programme with massive potential for Malaysia to rake in huge earnings to strengthen economy and welcome people around the word to retire at Malaysia
Malaysia had a lot to offer to the developed world in terms of lifestyle. There’s a lot going on for this country; the tropical weather, standard of living, good health care and infrastructure, all at an affordable price in term of property, life style, ..etc. Buying Investment Property Aboard in Malaysia is one of the way to participate MM2H programme. MM2H was the a vehicle to market Malaysia to the world.
Malaysia government’s new and relaxed ruling on MM2H separate foreigners who are here to retire (with a different status) from those who want to work here, especially high net-worth individuals. They might different group of individuals with different intent and if MM2H is bundled together into one category.
If you are in planing to migaration to Asia, you are welcome to visit Malaysia and experince the local life style, tropical weather, living level. You can consider retire in Malaysia thrugh MM2H programme.
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[...] next home could be in Malaysia. A large number of foreigners move to or retire in Malaysia through Malaysia My Second Home (MM2H). What do you do with your disposable income? Well, for those [...]
MM2H prorgramme certainly opens up a lot of options!