REQUIREMENTS, TERMS & CONDITIONS



How to qualify for MM2H programme?

 

Upon application, applicants are required to show they have sufficient financial resources to live in Malaysia without seeking employment or other assistance from the government.

1. Financial requirements for applicants aged below 50:

  • Required to show proof of off shore income of a minimum RM10,000 per month.
  • Required to show proof of liquid assets worth a minimum of RM500,000 per month.
  • Successful applicants are required to open a fixed deposit account of RM300,000 in any Malaysian bank in Malaysia.
  • After 1 year, participants are allowed to withdraw up to RM150,000 for approved expenses relating to house purchase, education for children and medical expenses in Malaysia.
  • Participants must maintain a minimum balance of RM150,000 from second year onwards throughout their stay in Malaysia under this programme.
Download Financial Requirements Checklist

2. Financial requirements for applicants aged 50 and above:

  • Required to show proof of off shore income of a minimum RM10,000 per month (For those who have retired , required to show proof of receiving government approved pension funds of RM10,000 per month).
  • Required to show proof of liquid assets worth a minimum of RM350,000 per month.
  • Successful applicants are required to open a fixed deposit account of RM150,000 in any Malaysian bank in Malaysia. (Successful retired applicants can either show proof of RM10,000 pension funds or open a fixed deposit amounting to RM150,000).
  • After 1 year, participants are allowed to withdraw up to RM50,000 for approved expenses relating to house purchase, education for children and medical expenses in Malaysia.
  • Participants must maintain a minimum balance of RM100,000 from second year onwards throughout their stay in Malaysia under this programme.

3.Financial requirements for successful applicants who have purchased property worth RM1,000,000  and above:

  • Required to show prove that property has been fully paid and ownership documents such as grant and title have already been issued.
  • Applicants aged below 50, only required to open a fixed deposit account of RM150,000 in any Malaysian bank in Malaysia.
  • Applicants aged 50 and above, only required to open a fixed deposit account of RM100,000 in any Malaysian bank in Malaysia.
     
*See our financial requirements checklist.

Other Terms & Conditions

  1. Applicants are allowed to bring parents (aged 60 and above) and unmarried children (below aged below 21).
  2. All applicants and their dependents must possess valid medical insurance coverage that is applicable in Malaysia from any insurance company.
  3. Applicants aged below 50 are prohibited to work in Malaysia. However, they are allowed to do business (only act as inactive partner or director) in Malaysia.
  4. Applicants can own100% of the company (for capital of RM500,000 and above).
  5. Applicants are allowed to import personal car from home country into Malaysia with tax exemption (must possess it for more than 6 months).
  6. Applicants are eligible to purchase a tax exempted car (up to 30%) in Malaysia (applicable to only first car). After 2 years, they are allowed to sell their personal car or locally purchased car.
  7. Applicants are allowed to apply for a maid in Malaysia.
  8. Applicants with a Malaysian spouse are allowed to apply for MM2H programme.
  9. Applicants who hold working permit are allowed to apply for MM2H programme.
  10. MM2H applications need to be done through licensed agent company.