Malaysia My Second Home - YBL Resources (MM2H) Sdn Bhd

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MM2H Home

Eligibility

ELIGIBILITY

It is open to citizens of countries recognised by Malaysia regardless of race, religion, gender or age. This programme allows applicants to bring with them their spouses, and children who are unmarried and below the age of 18.

FINANCIAL REQUIREMENTS

Age below 50 years old

Place a fixed deposit account of RM300,000 (USD82,000) with any bank in Malaysia.

After a period of one year, the participant can withdraw up to RM240,000 (USD65,000) for purchase of houses, medical expenses or children’s education.

Must maintain a minimum balance of RM60,000.00 from second year onwards and throughout stay in Malaysia under this programme.

Age 50 years old and above

Can either choose to: Place a fixed deposit account of RM150,000 (USD40,000) with any bank in Malaysia

Show proof of monthly off-shore income of RM10,000 (USD2,700) (e.g. payment slip, income tax & bank statement, etc)

After a period of one year, the participant can withdraw up to RM90,000 (USD25,000) for purchase of houses, medical expenses or children’s education.

Participant must maintain a minimum balance of RM60,000.00 from the second year onwards and throughout his/her stay in Malaysia under this programme.

Note:
1) Successful applicants need to open their fixed deposits in Ringgit Malaysia (RM) only.
2) Participants need to obtain prior approval from Ministry of Tourism before proceed to withdraw the fixed deposit
3) Participants under this programme may withdraw their entire fixed deposit anytime should they decide to terminate their stay in Malaysia under this programme. However, they must obtain prior approval from the Ministry of Tourism.

LATEST ANNOUNCEMENT FROM MINISTRY OF TOURISM MALAYSIA

Effective 1 July 2008, new applicants who have purchased and owned residential property which were bought at RM1 million and above in Malaysia are eligible to apply for exemption from placing the full FD amount required of MM2H participants. They only have to comply with the basic financial requirement of FD or RM 60,000. This amount may not be withdrawn until the participants decide to terminate their participation in MM2H programme.

MEDICAL REPORT

All applicants and their dependents (spouse and children) are required to submit a medical report from any private hospital / registered clinic in Malaysia.

MEDICAL INSURANCE

Approved participants and dependents (spouse and children) must possess a valid medical insurance policy that is applicable in Malaysia.

RESTRICTION

Participants under the Malaysia My Second Home Programme are not allowed to work nor do business while staying in Malaysia.
In addition, they should not participate in activities that can be considered as sensitive to the local people and a threat to the security of the country.