End of Sarawak MM2H 2024: Key Sarawak MM2H 2025 Updates You Should Know
Are you dreaming of a second home in a place rich with culture, natural beauty, and opportunities? The Sarawak-Malaysia My Second Home (S-MM2H) Program offers a golden opportunity to live in the heart of Malaysia’s largest state, Sarawak. With lush rainforests, diverse wildlife, and a welcoming community, Sarawak could be your next home. Here’s everything you need to know about the program, including the updated 2025 requirements and benefits.
Important Deadlines and Announcements
If you’re considering applying, act fast! The 2024 application deadline is 15 December 2024. From 16 December to 31 December 2024, applications will be paused to prepare for the rollout of the 2025 S-MM2H program on 1 January 2025. This update introduces several enhancements to make the program more accessible and beneficial for participants.
For inquiries about the program or assistance with your application, contact the S-MM2H Section at 082-442226 or visit mtcp.sarawak.gov.my.
Eligibility Requirements for Sarawak MM2H 2025 Updates
The S-MM2H program is open to citizens from countries with diplomatic relations with Malaysia, except for Israel and North Korea. When applying, you must declare your country of origin and any additional citizenships.
Minimum Stay Requirement
To maintain eligibility, participants must stay in Sarawak for at least 30 cumulative days per year. This flexible policy allows you to enjoy the beauty of Sarawak while balancing other commitments.
Financial Requirements
The financial requirements are designed to ensure participants can maintain a comfortable lifestyle while contributing to the local economy. Here’s a breakdown:
Fixed Deposit
Participants must deposit RM500,000 in a local Sarawak bank. After one year, you can withdraw up to 50% of the deposit for specific purposes, including:
- Purchasing a residential property.
- Buying a car.
- Covering medical expenses.
- Funding your children’s education in Sarawak.
This provision offers flexibility and ensures your funds work for you.
Income
- Pension/Offshore Income:
- Individuals: RM10,000 per month.
- Dependents: RM15,000 per month.
- Non-Pension Income:
- Individuals: RM100,000 per year.
- Dependents: RM200,000 per year.
These income levels ensure participants can sustain a high quality of life in Sarawak.
Pass Duration and Renewal
The S-MM2H pass is valid for 10 years, divided into two 5-year terms. Renewal is available as long as you meet the requirements. After 10 years, participants must reapply as new applicants to continue their stay.
Property Investments: Optional but Beneficial
Participants aged 30 and above have the option to invest in property. Minimum property values are:
- RM600,000 in Kuching.
- RM500,000 in other divisions of Sarawak.
You can sell your property after just 5 years, offering both flexibility and investment potential.
Employment and Investment Opportunities
While the program restricts full-time employment, it provides opportunities for part-time work and investments:
- Part-Time Work: Participants can work up to 20 hours per week in professional sectors approved by ILMU.
- Joint Ventures (JVs): Participants can be sleeping partners in businesses, holding up to 49% ownership with a minimum investment of RM250,000. Approved sectors include:
- Education
- Banking and Securities
- Manufacturing
- Medical Services
These options allow participants to contribute to Sarawak’s economy while enjoying a relaxed lifestyle.
Additional Benefits
Bring Along a Maid
Participants can bring a maid, subject to immigration compliance, ensuring extra convenience for families.
Tax Exemptions
Funds brought into Malaysia are tax-exempt, making financial management easier for participants.
Comprehensive Medical Insurance
All participants are required to have medical insurance covering the entire duration of their stay, ensuring peace of mind.
Security Checks
To maintain a safe environment, all applicants must pass a Royal Malaysian Police (PDRM) security screening.
Why Choose Sarawak?
Sarawak is more than just a place to live—it’s a lifestyle. Here are some reasons why it’s the perfect second home:
- Natural Beauty: From ancient rainforests to stunning beaches, Sarawak is a haven for nature lovers.
- Cultural Richness: With 27 ethnic groups, Sarawak offers a vibrant tapestry of traditions, languages, and cuisines.
- Modern Infrastructure: Enjoy the convenience of modern amenities alongside a laid-back lifestyle.
- Cost of Living: Sarawak is known for its affordability, making it an excellent choice for retirees and families.
Application Process
- Check Eligibility: Ensure you meet the nationality, income, and deposit requirements.
- Prepare Documents: Gather proof of income, citizenship, and medical insurance.
- Submit Your Application: Complete your submission before the 15 December 2024 deadline.
- Await Approval: Once approved, complete the fixed deposit and finalize your pass.
Final Thoughts
The Sarawak-Malaysia My Second Home (S-MM2H) Program offers a unique opportunity to experience the best of Malaysia. Whether you’re looking to retire, relocate, or invest, Sarawak provides the perfect blend of culture, nature, and opportunity.
