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CONDITIONS
- The Malaysia My Second Home Program
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The aim of these
financial conditions are to ensure that the applicant and his family will have
sufficient capabilities to live comfortably in Malaysia under the Malaysia
My Second Home program.
1) AT THE TIME OF APPLICATION
(Pre - Conditions)
An applicant
must show the following financial capabilities:
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APPLICANT ABOVE 50
YEARS OLD |
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To show proof of liquid assets of at
least RM 350,000 in savings acc, current acc, fixed-deposits,
time-deposits etc. and proof of monthly overseas income of at least RM
10,000 from any source. eg. salary from a company, rental from
properties, interest from investments etc. |
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APPLICANT BELOW 50 YEARS OLD |
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To show proof of liquid assets of at
least RM 500,000 in savings acc, current acc, fixed-deposits,
time-deposits etc. and proof of monthly overseas income of at least RM
10,000 from any source. eg. salary from a company, rental from
properties, interest from investments etc. |
2) AFTER APPROVAL
The
applicant must fulfill the following conditions upon being approved for the
MM2H Programme. ie. you will have to do the following after acquiring
conditional approval, but before the Immigration Department puts the actual
MM2H Visa onto your passport.
a)
Financial Requirement
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ABOVE 50 YEARS
OLD |
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To
place a Fixed Deposit of RM 150,000 with any bank incorporated in
Malaysia. Can
withdraw up to RM 50,000 after 1 year for the purpose of paying for
properties, medical bills or children’s education
Exemption: Those that have a pension of above RM 10,000 per month from a
pension scheme managed by your home govenrment can avoid
placing the above Fixed Deposit (These proofs will have to be submitted
at the time of application).
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BELOW 50 YEARS
OLD |
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To
place a Fixed Deposit of RM 300,000 with any bank incorporated in
Malaysia. Can
withdraw up to RM 150,000 after 1 year for the purpose of paying for
properties, medical bills or children’s education
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b) Medical Checkup
The applicant must go through a compulsory medical check-up in
a Malaysian clinic/hospital. The applicant must be minimally healthy i.e.
without any contagious diseases. The medical report will be submitted to the
Government.
c) Medical Insurance
The
applicant must also possess or buy a medical insurance valid in Malaysia. A
foreign medical insurance can be used for this purpose if the policy
specifically mentions coverage in
Malaysia.
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License No: