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SOME PERTINENT POINTS ON MM2H PROGRAME

  • Under the MM2H programme, participants are NOT allowed to be gainfully employed. However, MM2H participants can conduct business and investment activities in Malaysia subject to the rules and regulations of Malaysia. Qualified MM2H participants aged 50 and above are allowed to take up part-time positions to earn income in Malaysia. The part-time positions can be as lecturer or working in any local Malaysian companies. The working hours of the part-time job is maximum 20 hours per week. Income earned is subject to tax, the rate ranges from 0 – 26% depending on the tax status of the MM2H participants during the calendar year.

  • Participants under the Sabah MM2H programme are allowed to stay in any other states in Malaysia except for Sarawak. However, the MM2H participants are allowed to visit Sarawak on the normal visitor’s visa granted by Immigration Sarawak. As for the participants under the West Malaysia MM2H, they are only allowed to stay in the states in West Malaysia. They can visit both Sabah and Sarawak under the normal visitor’s visa issued by the respective states. 

  • Under the MM2H programme, participants have no restriction of entry into Malaysia for a period of ten (10) years and renewable upon expiry.

  • Prior to lodgement, the application time depends on how fast the applicants are able to furnish their information as required. From date of lodgement, it takes 3 – 4 weeks for the Sabah Immigration Department to process.

  • Foreign Investment Committee approval presently for the purchase of property in Sabah under the Sabah MM2H programme is RM1,000,000.00 and above. (Some of the other states in Malaysia have already imposed a much higher value for such purchases). This rule also applies to the purchase of the second property and thereafter i.e. each property must be RM1,000,000 and above. Such properties can be jointly purchased by more than one MM2H participants. However, it is not mandatory for a MM2H applicant to purchase a property in Malaysia as a condition to participate in the MM2H programme.

  • MM2H participants are allowed to bring their children who are below 21 years old and not married as dependent. The children can attend local schools and colleges approved by the Ministry of Education, Malaysia.

  • Tax exemption is given on the remittance of foreign funds into Malaysia.

  • Participants in the MM2H programme are permitted to open bank accounts at any local banks. However, we would recommend that you open your MM2H Fixed Deposit account with HSBC (Kota Kinabalu Branch).