Malaysia · Passive income
Malaysia My Second Home (pre-2021 terms)
Closed. The original terms, a MYR 300,000 fixed deposit for under-50s (MYR 150,000 for 50+) and MYR 10,000 in monthly offshore income, were withdrawn when the programme was frozen in 2020. It relaunched in 2021 on far more expensive terms, then was superseded again by the 2024 tier structure.
This entry exists because the old MYR 300k figure is still all over the internet and still quoted by agents. It has been dead since 2020. More importantly, it is proof of Malaysia's policy risk. Existing holders were not simply grandfathered in. The relaunch put thousands of families through a re-approval process on terms they had never agreed to.
Qualifying routes
MYR 300,000 for applicants under 50. MYR 150,000 for those 50 and over. Plus MYR 10,000 in monthly offshore income. That worked out to roughly USD 70k at the time.
The facts
- Minimum
- 300k MYR
- Total landed cost
- Historic
- Route type
- Income requirement
- Physical presence
- Historic. The original programme had no meaningful minimum stay, and that was part of its appeal.
- Permanent residency
- None. It never conferred one.
- Citizenship
- None
- Language test
- Not applicable
- Dual citizenship
- Not permitted. You would have to renounce.
- Closed since 2020. Any quote at MYR 300,000 is at least six years stale.
- The treatment of existing holders during the 2021 relaunch is the cautionary tale here. Prior participation did not guarantee continuity.