November 19, 2018
 

Terms and Conditions

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

Upon Application
i) Applicants aged below 50 years are required to show proof of liquid assets worth a minimum of RM500,000 and offshore income of RM10,000 per month.

ii) Applicants aged 50 and above may comply with the financial proof of RM350,000 in liquid assets OR proof of government approved pension funds of RM10,000 per month.

['Financial proof' can be in the form of cash, deposits, bonds, securities, properties and other assets.]

iii) New applicants who have purchased properties worth at least RM 1 million qualify to place a lower fixed deposit amount upon approval.

Upon Approval

Successful applicants are required to comply with the following financial criteria upon receipt of the `conditional approval letter' from Immigration Department of Malaysia.

Upon Approval : Aged Below 50 years old

- Open a fixed deposit account of RM300,000.00.

- After a period of one year, the participant can withdraw up to RM150,000.00 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes.

- Must maintain a minimum balance of RM150,000.00 from second year onwards and throughout stay in Malaysia under this programme.

- Approved participants who have purchased and owned property which were bought at RM1 million and above in Malaysia may comply with the basic fixed deposit requirement of RM 150,000. This amount may not be withdrawn until the participant decides to terminate his participation in MM2H programme.

Upon Approval : Aged 50 years and above

- Can either choose to open a fixed deposit account of RM150,000.00 ; OR Show proof of government approved pension funds of RM10,000

- After a period of one year, participant who fulfills the fixed deposit criterion can withdraw up to RM50,000.00 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes.

- Participant must maintain a minimum balance of RM100,000.00 from the second year onwards and throughout his/her stay in Malaysia under this programme.

- Approved participants who have purchased and owned property which were bought at RM1 million and above in Malaysia may comply with the basic fixed deposit requirement of RM 100,000. This amount may not be withdrawn until the participant decides to terminate his participation in MM2H programme.

Medical Report
All applicants and their dependants are required to submit a medical report from any private hospital or registered clinic in Malaysia.

Medical Insurance
Approved participants and their dependants must possess valid medical insurance coverage that is applicable in Malaysia from any insurance company.
However, exemptions may be given for participants who face difficulty in obtaining a medical insurance due to their age or medical condition.

Security Bond (Direct Application Only)
Applicants applying directly are required to fulfill the security bond condition. Please refer to Personal Bond for rate per person by nationality, ranging from RM200-RM2000.00.

Personal Bond (Application Through Agent)
Licensed companies are required to provide the personal bond for their clients who have been approved under the MM2H Program.
 

MM2H Sponsors

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