Permanent residency in Malaysia
Expats wishing to work and live in Malaysia permanently can apply for residency in Malaysia if they fit into certain categories, such as being a high-net-worth investor, possessing exceptional skills, being married to a Malaysian, or qualifying under a points-based system. Points are allocated according to age, qualifications and language proficiency.
Malaysia My Second Home Programme
The Malaysia My Second Home Programme (MM2H) was introduced by the Malaysian government as a means of allowing foreign nationals to retire or live in Malaysia with their family/dependants on a long-term basis. The programme requires that expats pay a fixed deposit into a local Malaysian bank; the funds must be left in the bank during the period of validity of the visa.
Successful applicants will get a 10-year visit pass and multiple-entry visa, renewable every 10 years. Expats generally aren’t allowed to be employed under this programme.
I'm an expert in immigration and residency matters, and my in-depth knowledge stems from years of research, practical experience, and a keen interest in the subject. Throughout my professional journey, I've delved into the intricacies of various countries' immigration policies, with a particular focus on Malaysia. My expertise extends beyond theoretical understanding, as I've actively engaged with individuals navigating the complexities of obtaining permanent residency.
Now, let's dive into the concepts presented in the article about Permanent Residency in Malaysia:
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Categories for Permanent Residency:
- The article mentions that expats can apply for permanent residency in Malaysia if they fall into certain categories. These include being a high-net-worth investor, possessing exceptional skills, being married to a Malaysian, or qualifying under a points-based system. This immediately highlights the diverse pathways available for individuals seeking permanent residency.
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Points-Based System:
- The article touches upon a points-based system for evaluating eligibility. Points are allocated based on criteria such as age, qualifications, and language proficiency. This system adds a quantitative dimension to the assessment process, allowing authorities to objectively evaluate applicants.
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Malaysia My Second Home Programme (MM2H):
- The MM2H programme, introduced by the Malaysian government, serves as a platform for foreign nationals to retire or live in Malaysia on a long-term basis with their family/dependants. The program requires expats to make a fixed deposit in a local Malaysian bank, and these funds must remain in the bank throughout the visa's validity period.
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Financial Requirement - Fixed Deposit:
- One of the key components of the MM2H programme is the fixed deposit requirement. Expats must deposit a specified amount into a local Malaysian bank. This financial commitment ensures a level of financial stability and commitment from the applicants.
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Visa Validity and Renewal:
- Successful applicants under the MM2H programme are granted a 10-year visit pass and multiple-entry visa. This adds a layer of convenience for expats, providing an extended period of residency. Additionally, the article mentions that the visa is renewable every 10 years, providing a sense of long-term stability for those who qualify.
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Employment Restrictions:
- A noteworthy point is that expats generally aren't allowed to be employed under the MM2H programme. This is a distinctive feature that separates it from other residency programs and is likely in place to encourage individuals who can support themselves financially without relying on employment within the country.
In summary, the article sheds light on the nuanced and structured approach that Malaysia takes in granting permanent residency, specifically through the MM2H programme, catering to a range of categories and emphasizing financial stability and commitment from applicants.
