The Tourism, Arts and Culture Ministry has unveiled a revamped version of the Malaysia My Second Home (MM2H) programme which now has three tiers – Silver, Gold and Platinum.
Minister Datuk Seri Tiong King Sing (pic) said each tier will have specific eligibility requirements.
The type of entry visa available to applicants will also vary according to the tier for which they qualify.
“The objective is to simplify the often-criticised MM2H application procedures by introducing more flexibility and clarity,” he said in a statement on Friday (Dec 15).
Tiong is on a working trip to China; the announcement comes after bilateral discussions and promotional activities with Chinese platforms during his visit, which focusses on collaborative marketing efforts.
He said the unveiling aligns with the upcoming 50th anniversary of diplomatic relations between Malaysia and China in 2024, positioning MM2H as a special gift to mark this milestone.
Under the Platinum tier, participants must have a fixed deposit (FD) of RM5mil (approximately US$1.05mil). After one year, a maximum withdrawal of 50% is allowed for property purchase (with a minimum value of RM1.5mil and above), healthcare and domestic travel within Malaysia.
The Gold tier sets the FD requirement at RM2mil (approximately US$420,800) with similar withdrawal provisions for property purchases (minimum value of RM750,000 and above), healthcare and domestic travel.
The Silver tier requires RM500,000 (approximately US$105,000) in FD with similar withdrawal provisions.
Irrespective of the chosen tier, all participants must fulfil the minimum stay requirement of residing in Malaysia for a cumulative total of 60 days annually.
