MM2H SPONSOR & MM2H APPLICATION PROCEDURES
Q1: Do I need a licensed MM2H Agent to submit for my MM2H application?
Effective 9 January, 2009 foreign citizens may apply to participate in MM2H Programme directly,(applicants are NOT allowed to request friends or close relatives to submit the documents) OR they may use the services of MM2H agents licensed by the Ministry of Tourism, Malaysia. Only the directors of licensed MM2H companies with Tourism Malaysia are eligible to act as the sponsor for MM2H participants.
The MM2H application requires a submission of Personal Bond signed by the Sponsor with stamping duties paid for each individual participating in this Programme. The engagement with a Licensed MM2H agent will ensure that your MM2H application to be submitted with complete documents as required by the Ministry of Tourism Malaysia. You do not need to be present in Malaysia during the application period. We as your MM2H agent will guarantee to obtain the MM2H Approval for you or we shall refund in full for the amount of fees we received.
The Directors from Joy-Stay (MM2H) Sdn Bhd have been MM2H Programme sponsors since 2002 and we are confident and committed to serve you and to obtain the MM2H Approval for you to live and retire in this country under the 10-yr long-stay MM2H visa.
Our fees and services are clearly detailed on our website, we believe in not having any hidden charges because we value your trust in us.
Q2: Who grant the approval of MM2H application?
The Ministry of Tourism Malaysia and the Immigration Department of Malaysia.
Q3: Do I need to be in Malaysia for the application of the MM2H program?
No, you do not have to be present in Malaysia at the time of submission and during the processing period of the MM2H application. We as your MM2H agent will take care of all matters arising during this time; We will complete the application with close follow-ups. As soon as we obtain the MM2H Conditional Approval Letter from the Immigration of Malaysia, you (spouse and dependents, if applicable) will then make arrangement to visit Kuala Lumpur to complete the conditions set forth by the Immigration Department and to receive the MM2H Pass & Visa endorsement(s) on the passport(s).
Q4: Do I need to be in Malaysia when applying for a renewal?
Yes, all participants MUST be present in person with their passports in Malaysia to receive the renewals or extension of the MM2H Pass endorsements from the Immigration of Malaysia.
Q5: Can I use my existing non-cash assets in Malaysia to fulfill the MM2H condition?
No, they cannot be considered equivalent to the required Fixed Deposit stated in the Conditional Approval Letter by the Immigration of Malaysia. You may apply to withdraw part of Fixed Deposit one year after the issuance of your MM2H Pass.
Q6: How long does it take for my MM2H application to be processed and approved?
As of January 2015, the processing time is about 3 months for applications which are not selected for financial verifications.
Q7: What do you advise me on improving my chances of MM2H approval?
In order to receive MM2H approval, you must show that you have a strong financial background by providing complete documents for latest 3 months cash-in-bank statements and monthly income.
Q8: What were the main reasons applications were being rejected?
MM2H declined applications are due to the failure in showing proof of minimum financial status. In addition, applicants who submit applications with incomplete documents and failure to submit the required Letter of Good Conduct which are acceptable by the Immigration Malaysia would be declined accordingly.
Q9: If I have been staying in Malaysia for years, can I apply for MM2HP?
Yes, provided you have a valid Social Visa at the point of application and are able to fulfill all the requirements as per our MM2H CheckList. The application can be done by the MM2H Agent while you are in Malaysia.
MM2H VISA
Q1: What is MM2H Pass ?
MM2H Pass & Visa = MM2H-10-Year-Social Visit Pass with Multiple Entry Visa (MEV)
Successful applicants will be issued MM2H Pass as long as the holders do not violate the rules and regulations of the Immigration Department of Malaysia. The MM2H Pass is renewable / extendable at the end of the 10-year period provided you fulfill all criteria set forth by the Immigration of Malaysia.
Q2: If my passport is valid for the next 3 years, will I receive the full ten-year visa endorsement ?
The MM2H Pass will be issued based on the validity of your passport. You will be entitled to receive up to ten (10) years Pass if your passport is valid for the next ten years. If your passport in only valid for 3 years, you will be issued a 3-year Pass. You will receive the balance of the 10-year Pass after you renew your passport.
Q3: Do I need to be in Malaysia when applying for extension or renewal?
Yes, all participants must be present in person with their passports in Malaysia whenever they wish to receive the MM2H Pass endorsements from the Immigration Department. All extension or renewals must be done at least 2-3 months prior to the expiry date. You may submit the renewal application by yourself or engage Joy-Stay as your MM2H Agent to complete the application.
Q4: What is the minimum days to stay in Malaysia per year after obtaining the MM2H Pass endorsement?
There is no minimum days you require to stay in Malaysia per year. You may visit and leave as you wish with no restrictions after you obtained the MM2H Pass endorsement.
Q5: After joining this program, can I apply for Permanent Residency?
Currently, our Immigration does not consider the period of stay under the MM2H Programme to fulfill the PR’s requirement. Therefore, living in Malaysia under the MM2H Programme does not qualify you for the PR status in Malaysia.
DEPENDENTS / CHILDREN / EDUCATION
Q1: Who qualifies as dependents?
Applicants may include legal spouses and children under the age of 21 as dependents. Applicants can also apply to include Parents over age of 60 included after the Main Applicant received the MM2H Pass.
Q2: What’s the maximum age for children to apply under the family application?
All children must be under 21 at the time of issuance of MM2H Pass.
Q3: If my children are already married and want to study in Malaysia with their husband, do they need to pay the fixed deposit?
They should apply for the Student Pass to study in Malaysia.
FIXED DEPOSITS
Q1: Can I withdraw my fixed deposit after successfully joining MM2H? If not, when can I withdraw my fixed deposit?
You may only withdraw up to MYR50,000.00 or MYR150,000.00 (whichever is relevant to you) after a period of one (1) year from date of issuance of MM2H Pass with prior written approval from the Ministry of Tourism for expenses relating to house purchase, car purchase, education expenses for children in Malaysia and medical expenses in Malaysia. A minimum balance of Fixed Deposit of MYR100,000.00 or MYR150,000 must be maintained from the second year onwards and throughout the duration of participation under MM2H Programme. You may withdraw the whole fixed deposit if you decide to terminate your MM2H Pass by obtaining the Approval letter from the Ministry of Tourism accordingly.
Q2: Can I withdraw my fixed deposit any time during my stay in Malaysia?
Please refer to above. You are not allowed to withdraw the fixed deposit for the whole duration of the first year period unless for emergency cases and with prior written approval from the Ministry of Tourism.
Q3: Can I place the fixed deposit in a Malaysia bank located in my country for MM2H?
No, you have to place the required fixed deposit in any bank located in Malaysia.
Q4: Which banks am I required to place my fixed deposit FOR MM2H?
You may place your fixed deposit at any banks here, including foreign banks with local branches in Malaysia.
Q5: Can I place the required fixed deposit in a foreign currency for MM2H?
The fixed deposit for this program must be made in Malaysian Ringgits; any amounts beyond the stated requirement can be made in other foreign currencies.
Q6: Can the purchase of a house in Malaysia which is valued more than RM500,000.00 be considered as having fulfilled the financial criteria for MM2H?
No, you must fulfill the fixed deposit requirement. The purchase of a house is not compulsory for participants under MM2H.
Q7: Am I allowed to make withdrawal from my fixed deposit for a few months and then topped it back later for MM2H?
No, you are not allowed to do this, unless for an emergency purpose with prior written approval from the Ministry of Tourism.
Q8: How to open Fixed Deposit Account in Malaysia for MM2H?
You must be present physically with your passport and the original MM2H Conditional Approval Letter at the bank in order to open the bank accounts here.
Q9: Can I open a current account with the banks in Malaysia for MM2H?
Yes. As above, you must be present physically with your passport and the original MM2H Conditional Approval Letter at the bank. Some banks might require an introducer before you could open a current account.
INVESTMENT
Can I open a restaurant, book shop or clinic in Malaysia under MM2H?
MM2H participants are allowed to invest and actively participate in business, subject to existing Government policies, regulations and guidelines which are in force for the relevant sectors. Participants can participate in the local share market.
For more information on investing in Malaysia, please contact:
Malaysian Industrial Development Authority (MIDA)
Level 4, Plaza Sentral
Jalan Stesen Sentral 5
Kuala Lumpur Sentral
50470 Kuala Lumpur
Malaysia
Tel: 603 – 2267 3633
Fax: 603 – 2274 7970
E-Mail: promotion@mida.gov.my
Website: www.mida.gov.my
EMPLOYMENT
Can successful applicants be allowed to seek employment in Malaysia under MM2H?
Qualified MM2H participants aged 50 and above with specialized skills and expertise that are required in the critical sectors of the economy, are allowed to work not more than 20 hours per week.
The application for the special part-time work permit must be submitted and processed by the Immigration and it is subject to the Immigration’s approval.
HOUSE PURCHASE
Q1: What types of properties are allowed to be purchased by the MM2H participants?
All participants are allowed to purchase residential properties at the minimum purchase price for foreigners established by the respective state governments. Please refer to the Ministry’s Webpage “Purchase a House” for details.
Q2: Can the purchase of a house in Malaysia be considered as having fulfilled the financial criteria for MM2H?
No, participants are required to fulfill the fixed deposit requirement. The purchase of a house is not compulsory under MM2H. Only with prior written approval from the Ministry of Tourism, a portion of the fixed deposit may be withdrawn for payment made for house purchase one year after the issuance of MM2H Pass.
Q3: Can I purchase a house for residential purpose and a shop lot to be rented out?
You are only allowed to purchase residential properties under the MM2H status. You need to set up a Registered Company here in order to purchase any commercial properties.
Q4: In the event of unforeseen death is the participant able to hand over his Malaysian assets to any of his beneficiaries smoothly. Does the Government have any restriction on this matter?
Yes, provided he/she has a Will which indicates clearly to whom the properties are to be given. If not the next of kin of the participant will have to apply to the Government to have his properties released to them as the rightful heirs. Consult an independent adviser like CF Lieu to write a will for you.
Q5: Must I buy new properties only from developers, or can I purchase any property from individual owners (second hand or third hand property)?
You can purchase any type of housing properties provided that the properties have been issued with CF (Certificate of Fitness) directly from the developers or from private individuals for MM2H.
Q6: Can I apply for local financing from a local bank to purchase a house in Malaysia under MM2H?
Yes, you may apply for the loan in Malaysia subject to the terms and conditions of respective banks or financial institutions.
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