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The Malaysia My Second Home programme has managed to attract 4,000 foreigners since it was introduced in 1996 to date, reflecting the confidence people have in Malaysia as a safe and peaceful country. Previously called the Silver-Haired Programme when it was first launched in 1987, Malaysia My Second Home scheme allows foreigners to live in the country with a special social visit pass for five years and allowed to purchase two properties worth above RM150,000 (USD 65,789) without the approval from the Foreign Investment Committee. Last year alone 1,332 foreigners registered under the programme. The largest number was from China (513) followed by Singapore (121) Great Britain (105), Indonesia (88) and Taiwan (60). The country offers a large selection of attractive residential properties to buy. New residential property and infrastructural projects are to be found in many parts of Malaysia, including Kuala Lumpur, Putrajaya, Langkawi, Sabah and Sarawak. The cost of living in Malaysia is one of the lowest in Asia; the standard of living with modern infrastructure and facilities are high; the weather, which is pleasant, warm and balmy with moderate rain throughout the year; political stability; safety and tight security measures, and English is widely spoken. How to qualify to move to Malaysia and live in Malaysia under the programme To qualify, applicant with their spouse can choose either to have
a fixed deposit (in a local Malaysia bank) of RM 150,000.00 (USD
39,473) or derive a fixed monthly income of not less than RM
10,000.00 (USD 2,630). One can be issued with a Social Visit Pass
for a duration of five years together with a Multiple Entry Visa (MEV).
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