Malaysia My Second Home Program.
No matter their
ethnicity, religion, gender, or age, participants in the My Second Home program
may be citizens of any nation recognized by Malaysia. As dependents, applicants
may bring their spouses and unmarried children under the age of 21. To be
eligible for the Malaysia My Second Home Program, applicants must fulfil
certain requirements. (MM2H). We're here to help you see that you've fulfilled
the following requirement:
UPON APPLICATION.
Applicants aged below 50 years are required to show proof of liquid assets worth a minimum of RM 500,000 and an offshore income of RM 10,000 per month. for certified copy(s) of the current account submitted as financial proof, applicants must provide the latest 3 months’ statement with each month’s credit balance of RM 500,000.
Applicants aged 50 and above may comply with the financial proof of RM 350,000 in liquid assets and offshore income of RM 10,000 per month. for a certified copy(s) of the current account submitted as financial proof, applicants must provide the latest 3 months’ statement with each month’s credit balance of RM 350,000. for those who have retired, they are required to show proof of receiving a pension from the government of RM 10,000 per month.
The approved participant who has purchased and owns property which was bought at RM 1 million and above in Malaysia may state his/her intention in the letter of application during submission to lower down basic fixed deposit requirement.
FINANCIAL REQUIREMENTS
Open a fixed deposit account of RM 300,000.00
After a period of one year, the participant can withdraw up to RM 150,000.00 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes.
Must maintain a minimum balance of RM 150,000.00 from the second year onwards and throughout the stay in Malaysia under this program.
(B) Aged 50 years and above
- Can either choose to:
Open a fixed deposit account of RM 150,000.00; OR
Show proof of receiving a pension from the government of RM 10,000 per month
After a period of one year, a participant who fulfils the fixed deposit criterion can withdraw up to RM 50,000.00 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes.
Participants must maintain a minimum balance of RM 100,000.00 from the second year onwards and throughout his/her stay in Malaysia under this program.
MEDICAL REPORT
All applicants and their dependants are required to submit a medical report from any private hospital or registered clinic in Malaysia.
MEDICAL INSURANCE
Approved participants and their dependants must possess valid medical insurance coverage that is applicable in Malaysia from any insurance company.
However, exemptions may be given for participants who face difficulty in obtaining medical insurance due to their age or medical condition.
PERSONAL BOND (APPLICATION THROUGH AGENT)
Licensed companies are required to provide the personal bond for their clients who have been approved under the MM2H Program.
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