What are the terms and conditions to be complied with by applicants when applying MM2H?
Financial Requirement Successful applicants are required to comply with the following financial criteria upon receipt of the ‘conditional approval letter’ from Malaysia Immigration Department. i) Aged below 50 years old Open a fixed deposit account of RM300,000.00 with any of the banks in Malaysia only. 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 the stay in Malaysia under this Programme. ii) Aged 50 years and above Open a fixed deposit account of RM150,000.00 with any of the banks in Malaysia only. After a period of one year, participant 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
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