Malaysia Hotline: +603- 2141 8908
UPON APPLICATION – FINANCIAL REQUIREMENTS
FOR MM2H
Applicants
are required to show they have sufficient financial resources to live in
Malaysia without seeking employment or other assistance from the government.
Applicants
under 50 are required to show liquid assets above RM500,000 and a monthly
income of over RM10,000 (equivalent).
Applicants
over 50 have to show assets over RM350,000 and monthly income of RM10,000.
Applicants receiving a government pension over RM10,000 a month will be
exempted from making the Fixed Deposit (see next section)
Acceptable
liquid assets for people over 50 include cash in the bank, bonds and
securities.
UPON APPROVAL – FIXED DEPOSIT REQUIREMENTS
FOR MM2H
Approved
applicants over 50 receiving a pension from a Government in excess of RM10,000
a month can request exemption from making the Fixed Deposit. All others have to
make a Fixed Deposit as follows.
i)
MM2H Applicants aged below 50 years old:
- Must
place a Fixed Deposit in a bank account in Malaysia of RM300,000
- Can
withdraw up to RM150,000 for the purchase of house, medical insurance or
children’s education expenses after the deposit has been placed for one year
- Applicants
can use their car purchase grant to withdraw part of their Fixed Deposit after
two years.
- Must
maintain a minimum balance of RM150,000 from second year onwards and throughout
stay in Malaysia under this programme.
ii)
MM2H Applicants aged 50 years and above:
- Must
place a Fixed Deposit in a bank account in Malaysia of RM150,000
- Can
withdraw up to RM50,000 of the fixed deposit after one year to purchase of
house, medical insurance or children’s education expenses.
- Applicants
can use their car purchase grant to withdraw part of their Fixed Deposit after
two years.
- Must
maintain a minimum balance of RM100,000 throughout their stay in Malaysia under
this programme.
Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my