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REGULATORY
ANNOUNCEMENTS
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Effective 1 July 2008:
New applicants
who have purchased residential property which were bought at RM1 million and
above in Malaysia are eligible to apply for exemption from placing the full
Fixed Deposit amount required of MM2H participants. They only have to
deposit a Fixed Deposit of RM
60,000. This amount cannot be withdrawn until the participants decide to
terminate their participation in MM2H Programme. You can use 1 property or a
several properties to make up the RM 1 million figure, however these
properties will have to be purchased in the last 5 years before application
for the MM2H Program. An applicant above 50 years old would have to have
paid at least RM 150,000 and an applicant below 50 years old at least RM
300,000 for those properties before they can use this exemption to apply for
the MM2H Program.
Effective 1 June 2007:
All MM2H
applications are to be submitted through a licensed MM2H agent only. No
individual or unlicensed 3rd party applications will be entertained by the
authority.
Effective 1 June 2007:
Foreigners
married to Malaysian citizens cannot apply for the MM2H Program. This
category of people must apply for the foreign spouse visa from the Malaysian
Immigration Department.
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