Malaysia " Second Home Programme"
The Malaysian Government is welcoming foreign
nationals to stay in Malaysia on a long-term Social Visit Pass under
the “Malaysia- My Second Home” programme...The duration of stay is for a period of 10 years with a Multiple
Entry Visa. This programme allows foreigners (except citizens of Israel,
Yugoslavia, Serbia and Montenegro) to purchase up to two residential
premises costing more than RM150,000 (approximately US$42,000) each.
However, it does not entitle participants to permanent resident status.
Eligibility
This programme is open to all categories of citizens with no age
limit, and they are allowed to bring along their dependants- a wife,
children below 18 years of age and one maid.
Financial requirements
A. Applicants below 50 years of age (single or married)
RM300,000 fixed deposit at any bank in Malaysia
After one year: Withdrawal allowed of up to RM240,000 for
(i) purchase of a house in Malaysia;
(ii) education of children in Malaysia; or
(iii) medical expenses in Malaysia
RM300,000 fixed deposit at any bank in Malaysia
After one year: Withdrawal allowed of up to RM240,000 for
(i) purchase of a house in Malaysia;
(ii) education of children in Malaysia; or
(iii) medical expenses in Malaysia
B. Applicants above 50 years of age (single or married)
EITHER RM150,000 fixed deposit at any bank in Malaysia OR furnish proof of monthly offshore income of RM10,000 or from an approved / recognised institution in their country of origin, such as a pension scheme.
After one year: Withdrawal allowed of up to RM90,000 for
(i) purchase of a house in Malaysia;
(ii) education of children in Malaysia; or
(iii) medical expenses in Malaysia.
EITHER RM150,000 fixed deposit at any bank in Malaysia OR furnish proof of monthly offshore income of RM10,000 or from an approved / recognised institution in their country of origin, such as a pension scheme.
After one year: Withdrawal allowed of up to RM90,000 for
(i) purchase of a house in Malaysia;
(ii) education of children in Malaysia; or
(iii) medical expenses in Malaysia.
In both A) and B), a minimum balance of RM60,000 must be maintained
in the fixed deposit for the duration of stay under the programme from
the second year.
Note: A Multiple Entry Visa is given together with a Social Visit Pass of 10 years for successful applicants.
Applications
Applicants below 50 years of age must submit their applications to
the Headquarters of the Malaysian Immigration Department only.
Applicants above 50 years of age may submit their applications in or
outside Malaysia.
Submission of applications
An application may be submitted while the applicant is in the country
provided that the applicant is in the possession of a valid pass.
Applications may also be made at the following places:
Immigration Department of Malaysia
Visa, Pass and Permit Division
Level 3, Block 2G4 (Podium)
Precinct 2 Federal Government Administration Centre
62550 Putrajaya Federal Territory All Malaysian Tourism Offices
Immigration Department of Malaysia website: Malaysia My Second Home
Visa, Pass and Permit Division
Level 3, Block 2G4 (Podium)
Precinct 2 Federal Government Administration Centre
62550 Putrajaya Federal Territory All Malaysian Tourism Offices
Immigration Department of Malaysia website: Malaysia My Second Home
Details
Maximum no. of residential units: Two
All categories of residential units are allowed except for:
• Low-cost and medium low-cost units as determined by the state authorities
• All properties built on Malay reserve land
• Units reserved for Bumiputra quota
• Agricultural land developed on the basis of the homestead concept
• All properties built on Malay reserve land
• Units reserved for Bumiputra quota
• Agricultural land developed on the basis of the homestead concept
Each state authority has the discretion to consider the acquisition
based on location, number of units in any single project development and
the type of property.
Generally the minimum purchase price of residential units in Malaysia is as follows:
• RM350,000 and above each for certain areas in Sarawak.
• RM250,000 and above each for the states of Johor, Penang and Malacca
• RM150,000 and above for other states
• RM250,000 and above each for the states of Johor, Penang and Malacca
• RM150,000 and above for other states
Restrictions
Successful applicants are STRICTLY forbidden to:
• Be employed anywhere in Malaysia unless approved by the Government;
• Participate in activities that could be considered sensitive to the local people such as political or missionary activities
• Participate in activities that could be considered sensitive to the local people such as political or missionary activities
Fees
The Social Visit Pass fee under the Malaysia My Second Home Programme is RM90 per year.
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