Eligibility

MM2h Eligibility

The MM2H programme is open to all countries recognised by Malaysia but the programme has numerous requirements. These requirements include a minimum monthly income, minimum liquid assets, a fixed deposit, plus various other rules.

Financial Requirements For MM2h

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

Applicants under 50 are required to show liquid assets above RM500,000 and a monthly income of over RM10,000 (equivalent).

Applicants over 50 have show assets over RM350,000 and monthly income of RM10,000. Applicants receiving a government pension over RM10,000 a month will be exempted from making the Fixed Deposit (see next section)

Acceptable liquid assets for people over 50 include cash in the bank, bonds and securities.

Fixed Deposit Requirements For MM2h

Approved applicants over 50 receiving a pension from a Government in excess of RM10,000 a month can request exemption from making the Fixed Deposit. All others have to make a Fixed Deposit as follows.

i) MM2H Applicants aged below 50 years old:
  • Must place a Fixed Deposit in a bank account in Malaysia of RM300,000
  • Can withdraw up to RM150,000 for the purchase of house, medical insurance or children’s education expenses after the deposit has been placed for one year
  • Applicants can use their car purchase grant to withdraw part of their Fixed Deposit after two years.
  • Must maintain a minimum balance of RM150,000 from second year onwards and throughout stay in Malaysia under this programme.Car purchase (copy of Car Grant issued by the Road Transport Department. Receipt of booking fee is NOT ACCEPTED)

ii) MM2H Applicants aged 50 years and above:
  • Must place a Fixed Deposit in a bank account in Malaysia of RM150,000
  • Can withdraw up to RM50,000 of the fixed deposit after one year to purchase of house, medical insurance or children’s education expenses.
  • Applicants can use their car purchase grant to withdraw part of their Fixed Deposit after two years.
  • Must maintain a minimum balance of RM100,000 throughout their stay in Malaysia under this programme.Car purchase (copy of Car Grant issued by the Road Transport Department. Receipt of booking fee is NOT ACCEPTED)

iii) MM2H Applicants who have purchased a house (or houses) with a total value of RM1 million and above.
  • Must show evidence of ownership and full payment of the property.
  • Must have been purchased within 5 years of application for MM2H visa.
  • Will have to place a Fixed Deposit in a bank account in Malaysia of RM150,000 if under 50, and RM100,000 if over 50.It should be noted that the fixed deposit does not have to be placed until after the applicant has received a letter of “conditional approval”. This letter sets out the steps that have to be completed before the visa is issued. This usually consists of placing the Fixed Deposit, having a medical examination in Malaysia and obtaining medical insurance for Malaysia. Once these steps are completed the visa can be collected from the Immigration Department in Putrajaya.