It is open to citizens of all countries recognised by Malaysia regardless of race, religion, gender or age. Applicants are allowed to bring their spouses and unmarried children below the age of 18 as dependants.
Foreigners who are married to Malaysians are not eligible for MM2H programme but may apply to stay in Malaysia under the Immigration Department's "Spouse Programme" with a Long Term Social Visit Pass (please refer to website http://www.imi.gov.my).
Financial Requirements (Effective from 1st April 2006)
Successful applicants required to comply with the following financial criteria upon receipt of the 'conditional approval letter’ from Malaysia Immigration Department.
Aged below 50 years old
-
Open a fixed deposit account of RM300,000.00 with any bank in Malaysia.
-
After a period of one year, the participant can withdraw up to RM240,000.00 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes.
-
Must maintain a minimum balance of RM60,000.00 from second year onwards and throughout stay in Malaysia under this programme.
-
Monthly income of RM10,000 or equivalent in foreign currency.
Aged 50 years and above
-
Can either choose to:
- Open a fixed deposit account of RM150,000.00 with any bank in Malaysia OR
- Monthly off-shore pension of RM10,000.00. (NOTE: Only applicants who are drawing from Government Approved Funds can be considered for the "Monthly off - Shore Income" criteria).
-
Government pension cannot combine husband and wife's pensions. You can use only one person's pension and it has to be more than RM10,000 per month.
-
After a period of one year, particiant who fulfills the fixed deposit criteria can withdraw up to RM90,000.00 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes.
-
Participant must maintain a minimum balance of RM60,000.00 in the fixed deposit account from the second year onwards and throughout his/her stay in Malaysia under this programme.
Medical Insurance
Approved participants and dependents (spouse and children) must possess a valid medical insurance policy which is applicable in Malaysia.
Medical Report
All applicants and their dependents (spouse and children) are required to submit a medical report from any private hospital / registered clinic in Malaysia.
Note :
-
Successful applicants need to open their fixed deposits in Ringgit Malaysia (RM) only.
-
Participants need to obtain prior approval from Ministry of Tourism before proceed to withdraw the fixed deposit.
-
Participants under this programme may withdraw their entire fixed deposit anytime should they decide to terminate their stay in Malaysia under this programme. However, they must obtain prior approval from the Ministry of Tourism.