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Eligibility Print E-mail

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 21.

 

FINANCIAL REQUIREMENTS

Applicants are expected to be financially capable of supporting themselves on this programme in Malaysia.

 

 

Upon Application :

Applicants must show they have sufficient income to support their living costs in Malaysia.

Applicants aged below 50 years old are required to show proof of liquid assets worth a minimum RM 500,000 and monthly offshore income not less than of RM 10,000.

Applicants aged 50 and above may comply with the financial proof of RM 350,000 in liquid assets OR proof of government approved pension funds of RM 10,000 per month.

(Financial proof can be in the form of cash, deposit,bonds,securities,poperties and other assets)

After Getting Approval :

FIXED DEPOSIT REQUIREMENTS:

Prior to the Approval, applicant have to place a Fixed Deposit (FD) with a bank in Malaysia.

There are Three (3) possible options:

OPTION 1 – PLACED A FIXED DEPOSIT

Place a fixed deposit account of with any bank in Malaysia :

Ø The sum of RM150,000 ? (USD40,000) – For age 50 and above

Ø The sum of RM300,000 ? (USD82,000) – For age below 50

Must maintain a minimum balance of FD from second year onwards and throughout the stay in Malaysia under this programme:

Ø The sum RM 100,000.00 ?  (USD 29,000) – for age 50 and above

Ø The sum RM 150,000.00 ?  (USD 40,000) – for age below 50

Applicant can withdraw part of Fixed Deposit (FD) to pay :

Ø House

Ø Children’s education (in Malaysia)

Ø Medical Bills

Participants need to obtain prior approval from Ministry of Tourism before proceed to withdraw the fixed deposit.

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.

 

OPTION 2 – REDUCED A FIXED DEPOSIT (Effective 1st July 2008)

Applicants who has purchased one or more properties in Malaysia with a minimum total value of RM 1,000,000.00 before applying for MM2H visa is allowed to place a reduced amount of Fixed Deposit (FD) :

Ø The sum of RM 100,000 ?  (USD 29,000) – For age 50 and above

Ø The sum of RM 150,000 ?  (USD 40,000) – For age below 50

Evidence of the purchase (Sales and Purchase Agreement) has to submit together with application form of MM2H.

This amount may not be withdrawn until the participants decide to terminate their participation in MM2H programme.

 

OPTION 3 – WAIVER OF FIXED DEPOSIT

Applicants age 50 and above who are receiving a government pension (paid by government) over RM 10,000 per month can receive an exemption from placing any Fixed Deposit (FD).

 

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.

WORK PART TIME & iNVESTMENTS

Qualified MM2H participants aged 50 and above with specialised skills and expertise that are required in the critical sectors of the economy, are allowed to work not more than 20 hours per week.

MM2H participants are allowed to invest and actively participate in business, subject to existing Government policies, regulations and guidelines which are in force for the relevant sectors.