Yuwon International Announces New June Conditions for Malaysia MM2H Visa

Malaysia-based specialist company Yuwon International announced that the Malaysia MM2H visa has been restructured with new conditions.

The MM2H visa stands for Malaysia My Second Home visa, a long-term residency visa program meaning "My Second Home," which started in 2006.

The MM2H visa application was suspended in 2019 due to COVID-19. In November 2021, new conditions for the MM2H visa were announced, but following revision requests from the Visa License Association due to different application requirements, a new announcement regarding the updated conditions was made on June 14 of this year.

The key points of this announcement are that applications can only be made through government-authorized licensed agencies and that applications are available under three categories: Platinum, Gold, and Silver.

The main conditions by category are as follows: The Platinum tier requires a fixed deposit (FD) of USD 1 million in a local bank and the purchase of residential real estate worth 2 million MYR (approximately 600 million KRW), granting a 20-year visa approval. Applicants must fulfill a mandatory stay of at least 90 days per year (cumulative). The deposit in the local bank can be withdrawn up to 50% after one year for expenses related to real estate purchase, medical costs, and travel within Malaysia.

The Gold and Silver tiers require fixed deposits of USD 500,000 and USD 150,000 respectively in a local bank, and real estate purchases of at least 1 million MYR (approximately 300 million KRW) for Gold and 600,000 MYR (approximately 180 million KRW) for Silver. The Gold visa is valid for 15 years, and the Silver visa for 5 years. Deposits can be withdrawn up to 50% after one year for real estate purchase, medical expenses, and travel within Malaysia, similar to the Platinum tier. However, the mandatory local stay requirement is 90 days.

Additionally, the Malaysian government has separately confirmed special application conditions for the MM2H program in designated economic and financial special zones. Applicants aged 21 to 49 need to deposit USD 65,000, while those aged 50 and above need to deposit around USD 32,000, lowering the application threshold to promote investment in these economic zones.

A representative from Yuwon International stated, “Some details are still unclear and require verification. Actual government visa applications and processing are expected to begin from late July to August. We will continue to confirm with the government to provide accurate information and services regarding detailed conditions and inquiries.”

Meanwhile, Yuwon International will hold a seminar on July 6 and 7 at COEX in Seoul, including guidance on the Malaysia MM2H visa. Reservations for the seminar are available through the Yuwon International website and Kakao Channel.

This content was produced with the assistance of AI translation services.