Eligibility
The programme is open to all foreign citizens except those married
to Malaysians and citizens of Israel, Serbia and Yugoslavia. The
restriction on foreigners married to Malaysians is a recent change
(November 2006). It can be waived if special circumstances exist.
Our company is appealing this restriction as we belive there are
strong reasons to allow foreigners married to Malaysians to apply.
Finance/Income
The following sets out the financial criteria which depend on the
age of the applicant. If a married couple apply the oldest person’s
age decides the appropriate criteria.
It
should be noted that applicants who choose the fixed deposit option
do not have to place it until their visa application is approved.
At that time they will receive a “conditional approval”
letter by the immigration department. They have to bring this letter,
together with evidence of completing any other conditions specified
in the letter, to the immigration department. The visa will then
be stamped in their passport.
i)
Applicants aged below 50 years old:
•
Must open a fixed deposit account of RM300,000
• Can withdraw up to RM240,000 for the purchase of house,
medical insurance or children’s education expenses after the
deposit has been placed for one year.
• Must maintain a minimum balance of RM60,000 from second
year onwards and throughout stay in Malaysia under this programme.
ii)
Applicants aged 50 years and above:
•
Have to place a fixed deposit account of RM150,000. (If they receive
a government pension or a pension from a well recognized global
company in excess of the RM10,000 the requirement may be waived)
• Can withdraw up to RM90,000 of the fixed deposit after one
year to purchase of house, medical insurance or children’s
education expenses.
• Must maintain a minimum balance of RM60,000 throughout their
stay in Malaysia under this programme.
Sponsor/Assistance
There is no longer a requirement for a Malaysian sponsor. This requirement
is only necessary if you use an agent in which case the agent will
act as your sponsor. If you need assistance making the application
we offer this service (click here). You may make the application
without coming to Malaysia and once the letter of conditional approval
is issued we will advise you and you have six months to come to
Malaysia and collect the visa.
Insurance
Coverage / Medical Report
Applicants must possess a medical insurance coverage from any insurance
company that is valid in Malaysia. This may be waived for older
applicants who are denied coverage because of their age. All applicants
are required to have a medical examination in Malaysia.
Education
Applicants are allowed to bring along their dependants (children)
either not schooling or are schooling in primary, secondary or in
any Institution of higher Learning. Dependants who are schooling
are also required to apply for a Student Pass to continue their
education in schools or Institutions of Higher Learning recognised
by the government. Children have to be aged under 18 to be included
under the MM2H visa programme.
Taxes
Successful applicants are bound by the policies, systems and regulations
of taxes of this country however their overseas income will not
be taxed in Malaysia.
Security
Vetting
Approvals are given subject to security vetting clearance conducted
by the Royal Malaysian Police.
Restrictions
Successful applicants are STRICTLY forbidden from
the following:
* Being employed anywhere in Malaysia unless approved by the government.
* Participating in activities that can be considered as sensitive
to the local people like political or missionary activities.
For
Application Procedures, visit www.MM2H.com
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