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Residence by Investment Malaysia
Malaysia is one of Asia’s most dynamic economies because of its sustained industrial expansion and stable political situation. Following its independence, Malaysia became part of the British Commonwealth. It is a founding member of ASEAN and also belongs to the UN and APEC. Malaysia boasts superb shorelines, awe-inspiring landscapes, and thick jungles.
Acquire Malaysian Residence
The Malaysian My Second Home (MM2H) program requires that applicants fulfill specific requirements, and as a result, they and their family members are granted a ten-year multiple-entry visa. This visa serves as a residency permit, allowing the approved candidate and their relatives to live in Malaysia.
Advantages of Malaysia My Second Home Initiative
Requirements of the Program
Candidates need to be a minimum of 35 years old and exhibit the potential to back themselves economically in Malaysia without looking for work or state aid.
All the following criteria need to be met. During the submission, the primary petitioner needs to:
Upon approval of the application, TEG Group will assist the applicant with:
Thereafter, the applicant:
- Must put in MYR 1 million (around USD 230,000) and MYR 50,000 (around USD 12,000) per reliant spouse or child into a domestic fixed deposit account. This investment must be upheld throughout the applicant’s residency in Malaysia under the program.
- Allowed to take out up to MYR 500,000 (around USD 115,000) after the first year if they desire, for authorized expenditures regarding a home acquisition, schooling for their children in Malaysia, or healthcare intentions.
Procedures and Time Frame of Malaysia My Second Home Program
The Malaysia Immigration Department will issue an approval letter to each successful applicant. The visa prohibits employment in Malaysia, and it does not result in permanent residency. Once the residency application is submitted to the Malaysian government and initial endorsement is given, the customer can travel to the country to complete the remaining requirements (specifically, opening a bank account and meeting the medical requirements). TEG Group will aid in this process. Afterward, the complete endorsement will be granted, and the applicant and their family members will receive their 10-year multiple-entry visas to Malaysia. The entire process takes between three to six months. The primary candidate and their partner must stay in Malaysia for 90 days annually (children and parents are exempt from this condition). The initial visa has a validity of five years and can be extended for an additional five years.
RESIDENCE BY INVESTMENT - CHECK YOUR ELIGEBILITY
Our Clients Questions
The Malaysia My Second Home (MM2H) program is an initiative that allows foreign nationals to acquire a ten-year multiple-entry visa, which serves as a residency permit, permitting them and their families to live in Malaysia.