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Requirements for Malaysia My Second Home

Update Date:2015-10-2 8:19:52 Source:Tannet (Malaysia) Sdn Bhd Views:641

Malaysia Hotline: +603- 2141 8908


ELIGIBILITY

The program is open to all foreign citizens (including foreign spouses married to Malaysians).

Successful participants are allowed to bring their spouse, children (<21 years old) and parents.

FINANCES / INCOME

Below 50 years of age

- Fixed deposit of RM300,000 in a bank in Malaysia (upon conditional approval of MM2H visa)

- You can withdraw  RM150,000 one (1) year after passport endorsement.

- Must maintain a minimum balance of RM150,000 from second year onwards and throughout stay in Malaysia under this program

Above 50 years of age

- Fixed deposit of RM150,000 in a bank in Malaysia (upon conditional approval of MM2H visa) OR monthly government pension of RM10,000 (private pension like Australian superannuation or from companies like Shell or IBM is not acceptable. US Social Security is acceptable). Husband & wife's government pensions can be combined.

- Fixed deposit - you can withdraw  RM50,000 one (1) year after passport endorsement.

- Must maintain a minimum balance of RM100,000 from second year onwards and throughout stay in Malaysia under this program.

FINANCIAL STRENGTH

MM2H applicants are required to have adequate financial strength. All applicants must demonstrate that they have at least RM500,000 (RM350,000 for those above the age of 50) equivalent  in cash, deposits, bonds, securities and other assets. This can be evidenced from the last 3 month's bank statements.

MONTHLY INCOME

MM2H applicants must an income of at least RM10,000 per month. This can be evidenced by showing the last 3 month's bank statements.

MEDICAL INSURANCE

Medical insurance coverage by insurance companies operating in Malaysia. Medical insurance coverage is required for all applicants (including spouse and children). This is required during passport endorsement and not during application.

MEDICAL REPORT

Medical checkup is required for all participants (including spouse and children). It will be done only when you come in for passport endorsement, not during application.


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.nethttp://en.tannet.com.my

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