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Good news for all expatriates dreaming of a tax-free life in Southeast Asia: the government has recently announced relaxed requirements for the popular “Malaysia My Second Home” (MM2H) program.

The MM2H visa allows foreigners to live in Malaysia for up to 10 years. Since COVID, however, the hurdles were very high - applicants had to prove a monthly income of at least 40,000 Malaysian ringgit (approx. 8,600 euros). This deterred many potential applicants, especially pensioners.

Now Malaysia is introducing a new, three-stage MM2H program:
- Silver: 5 years residency, 500,000 ringgit deposit (approx. €100,000)
- Gold: 15 years residence, 2 million ringgit deposit (approx. €400,000)
- Platinum: entitlement to permanent residence, 5 million ringgit deposit (approx. €1,000,000)

Half of the funds can be used after one year, e.g. for the purchase of a property.

The minimum age will also be reduced from 35 to 30 years. Visa holders now only have to spend 60 instead of 90 days per year in the country.

Income and assets no longer have to be proven.

This should make the MM2H program more attractive again for foreigners who want to enjoy Malaysia's year-round warm climate, famous cuisine and variety of cultures. In the first 16 years, 57,000 applications have already been approved - now a new boom could be imminent.

00:00 - Malaysia increasingly interesting with “My Second Home”
00:35 - Plan B seminar in Zurich
02:06 - Thailand - tax-free only for the very wealthy
02:57 - New Plan B in Malaysia
04:29 - Tailored for Plan B emigrants
05:31 - The requirements in detail
06:37 - The investment amounts
07:30 - Minimum length of stay
08:08 - Minimum income has been reduced
09:16 - Minimum age has also been adjusted
09:33 - Foreign income is completely tax-free
09:58 - A real alternative to Thailand
10:15 - Cost of living in comparison
10:48 - Rantau visa as an alternative
11:49 - Are you interested in a plan B, or do you already have a plan A?

= Background =
https://www.wohnsitzausland.com/malaysia

= Our websites =
https://www.perspektiveausland.com/
https://www.wohnsitzausland.com/
https://uskanzlei.com/
https://www.auslandsunternehmen.com/
https://stmatthew.de/
https://www.nullsteuer.llc/
https://www.malta1.de/
https://www.nullsteuer.llc/
https://www.assetprotection.plus/

= About Perspektive Ausland (perspective abroad) =
Anyone who wants to move as an entrepreneur or freelancer from German-speaking countries to (tax-efficient) foreign countries or become a digital nomad has a lot of tax and legal questions.

Country selection, international tax law, setting up a company abroad, exit tax, visas, capital investments and asset protection – these are just some of the topics that you now have to deal with.

Perspektive Ausland (perspective abroad) is a German podcast from London that deals with exactly such questions. No matter what your motivation for moving abroad is – less taxes, more freedom or a higher quality of life – you've come to the right place.