Untitled Document
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1005191 visits | updated on
24 July 2008
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Untitled Document
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| Participants of MM2H are provided with various incentives to make their stay even more comfortable and enjoyable in Malaysia |
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| Financial Requirement |
Successful applicants are
required to comply with the following
financial criteria upon receipt of
the `conditional approval letter'
from Malaysia Immigration Department.
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Applicants are expected to be financially capable of supporting themselves for ten years on this programme in Malaysia, without the need to work in the country. Besides fulfilling the basic financial criteria of Fixed Deposit placement of RM150,000 (for those aged 50 and above) or RM 300,000 (for those aged below 50), applicants should furnish documentation on their financial position to strengthen their application.
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| i Aged Below 50 years old |
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- Open a fixed deposit account of RM300,000.00.
- After a period of one year, the participant can withdraw up to RM240,000.00 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes.
- Must maintain a minimum balance of RM60,000.00 from second year onwards and throughout stay in Malaysia under this programme.
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| ii Aged 50 years and above |
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- Can either choose to:
- Open a fixed deposit account of RM150,000.00
; OR
- Show proof of monthly off-shore income
of RM10,000.00 such as pension scheme.
- Only applicants
who are drawing from Government Pensions can be considered for
the " Monthly off - Shore
Income " criteria.
- After a period of one year, participant who fulfills the fixed deposit criteria can withdraw up to RM90,000.00 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes.
- 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.
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Successful applicants need to open their fixed
deposits in Ringgit Malaysia (RM) only.
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Participants need to obtain from approval
from Ministry of Tourism before proceeding
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.
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| 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. |
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| Medical Insurance |
| Approved participants and dependents (spouse and children) must possess a valid medical insurance policy which is applicable in Malaysia. |
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Participants under Malaysia My Second Home Programme are not allowed to work/be employed 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. |
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Untitled Document
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MALAYSIA MY SECOND HOME CENTRE (MM2H)
Ministry of Tourism Malaysia,
Level 23, Menara Dato' Onn,
Putra World Trade Centre,
50695 Kuala Lumpur, MALAYSIA |
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Phone | |
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+603 2696 3367
+603 2696 3354
+603 2696 3361
+603 2696 3351
+603.2696 3366 |
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+603 2698 8533 |
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info@mm2h.gov.my |
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MONDAY – THURSDAY Operating Hours
7.30am – 1pm | 2pm – 5.30pm
Lunch 1pm – 2pm |
FRIDAY Operating Hours
7.30am – 12.15pm | 2.45pm – 5.30pm
Lunch 12.15pm – 2.45pm |
SATURDAY, SUNDAY & PUBLIC HOLIDAY
Closed |
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©
2006 Ministry of Tourism, Malaysia. All Rights Reserved |
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