Malaysia My Second Home Program, or simply MM2H is a long term visa that permits foreigners to remain in Malaysia for a long time that they like. This program was set up by the Malaysian government as a way to attract foreigners to remain in Malaysia for a long term or retire in Malaysia.
Visas from other countries like Latin/South America, Asian, and European Countries are open to the applicants above the age of 50 or 55. For the MM2H program, it is 21 years old. Thus this program is promoted as a long term visa. Young internet entrepreneurs and business people are making Malaysia as their second home, they can remotely control their organisation through the internet. They are not prepared for retirement yet they are prepared to live their life to the fullest. Malaysia offers modern conveniences that are similar (if worse) to the developed nations but at a fraction of the cost.
Malaysia My Second Home visa is the longest duration at 10 years, As compared to other countries’ retirement program. This program is extremely organised and systematic. Thus, applicants have nothing to worry about Immigration matters every year.
Malaysia’s My Second Home Programme is successful in inviting applicants even though the requirements of this program is the highest in the world (as a non-investment type of residency). The applicants must show a certain level of financial strength and commitment in remaining in this country, and also need to deposit a sum of money in a bank in Malaysia.
Reason Behind the success of MM2H Programme
This MM2H programme brings a lot of financial resources in the nation. With a very respectable interest rate of time deposits (note that all the developed countries have near or under zero percent interest), numerous applicants have brought in to take advantage of the interest rate. Coupled with the fact that the financial regulation of fund transfer is liberal, many are quiet to expand their financial strength in Malaysia. Some part of it spent here in Malaysia, thus, spurring more economic activities
As the necessities of this MM2H program is fundamentally higher than in other countries, it attracts a different category of individuals. Thus, those who are endorsed under this program are those who appreciate diversity and sensitive to local cultures. These are the people whom you wouldn’t mind having as neighbours. The people in Malaysia celebrates diversity, and also heartily welcome everyone into the community and it tends to be seen from Perlis to Johor, Sabah and Sarawak. It is a part of the way of life of Malaysians to offer hospitality to all foreigners. Ask any tourists and you will get similar answers “ the people in Malaysia are so warm and friendly”. Malaysia My Second Home Program has successfully welcomed citizens of many countries.
In short, MM2H is a win-win program for everyone, from young successful entrepreneurs, retires to professionals working in other countries however making Malaysia their base. Be it a lower-cost country to retire or remaining in Malaysia is one of the best choices; be it enjoying their life to their fullest or utilizing Malaysia’s great healthcare facilities, MM2H is here for them to explore their missed life (or to explore a beautiful life!)