Terms & Conditions


Upon Application:

i. Applicants aged below 50 years are required to show proof of liquid assets worth a minimum of RM500,000 (Rs. 12 million) and offshore income of RM10,000 (Rs. 2,40,000) per month.

ii. Applicants aged 50 and above of RM350,000 (Rs. 8,648,500) in liquid assets and off shore income of RM10,000 (Rs. 2,40,000)per month. Retired applicants are required to show proof of  pension from government approved funds of RM 10,000 per month.

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

 
 
 

Successful Participants are required to comply with the following financial criteria upon receipt of the “Conditional approval”

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 own property which were bought at RM1 million and above in Malaysia may comply with the basic fixed deposit requirement of RM 150,000 on condition that the property has been fully paid and ownership documents such as grant and land title have already been issued. This amount may not be withdrawn until the participant decides to terminate his participation in MM2H programme.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 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, on condition that the property has been fully paid and ownership documents such as grant and land title have already been issued.This amount may not be withdrawn until the participant decides to terminate his participation in MM2H programme.