Monthly Archives: January 2018

Statistics on the Make Malaysia My 2nd Home (MM2H) Long Term (Retirement) Visa

Make Malaysia My 2nd Home (MM2H) is the program from Malaysia to encourage expats to stay in Malaysia by offering a long term (10 year) visa, often referred to as a retirement visa (though you needed be retired to qualify).

Applicants aged below 50 years are required to show proof of liquid assets worth a minimum of RM500,000 (approximately USD 125,000 given the exchange rate as I write this post) and offshore income of RM10,000 per month ($2,500/month). And on approval are required to deposit 300,000 MYR (USD 75,000 in a local bank account).

Applicants aged 50 and above may comply with the financial proof of RM350,000 (US$87,500) in liquid assets and off shore income of RM10,000 per month. On approval they are required to deposit 150,000 MYR (USD 37,500 in a local bank account).

Photo showing the view looking down Gurney drive, from the North (looking South)

View looking down Gurney drive in Penang, from the North (looking South). The many luxury condos and good restaurants and shopping are in this area make this a popular spot for MM2H expats living in Malaysia. See more photos from Penang.

The MM2H program was started in 2002 and since that time 34,591 expats have been approved to receive the MM2H visa. That is an average of 2,232 a year (the 2017 data is for only 6 months). The data is provided on MM2H government website.

Recently the program has gained popularity as the totals in the last 5 years all except 2015 reached levels well above that average. During 2012 approvals reached 3,227; 2013 had 3,675; 2014 had 3,074; 2015 had 2,211; 2016 had 3,347 and 2017 had 1,854 in the first 6 months.

27,544 of those receiving MM2H visas since the start of the program are from Asia (80% of the total), 4,225 from Europe (12%), 1,309 from the Americas (4%), 996 from Oceania and 424 (3%) from Africa (1%). Europe has seen a slight decline recently while Asia has increased during the last few years from the totals earlier in the program.

Countries that are consistently among the top countries yearly are: China (27% of the total from 2002 until now), Japan (12%), Bangladesh (11%), UK (7%), Korea (4%) and Singapore (4%). Korea has had a large increase in the last 4 years (they make up 6% of the total from 2014 to 2017).

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