MM2H Company Name
Attention to all MM2H Licensed Agents,
According to Tourism Industry Act 1992, Malaysia My Second Home (MM2H) companies only handle matters related to MM2H applications whereas companies registered under the Tour Operating Business and Travel Agency Business (TOBTAB) deal with tour and travel business.
The line is drawn between these two entities - MM2H and TOBTAB - because they have different sets of requirements for licence applications. Besides facilitating enforcement officers to monitor their activities, it can avoid confusion among the public or clients should the company name is manipulated by certain MM2H companies.
Therefore, all MM2H Licensed Agents using the words, "Travel", "Tours", "Holidays" and et cetera which represent tourism activities are requested to change their company name and consult the Licensing Division, Ministry of Tourism and Culture Malaysia.
Fixed Deposits under Malaysia My Second Home (MM2H) Programme
Placement of Fixed Deposit can be done at any bank in Malaysia.
Withdrawal of Fixed Deposit must have the prior approval of the MM2H Centre under Ministry of Tourism and Culture Malaysia. Failure to comply with this condition could result in the immediate cancellation of the MM2H Social Visit Pass (Multiple Entry). Banks with dedicated MM2H Counters are as follows Bank of China and Public Bank.
Malaysia My Second Home (MM2H) Centre MALAYSIA