Successful applicants are required to comply with the following financial criteria upon receipt of the `conditional approval’:
i) Aged Below 50 years old
Open a fixed deposit account of RM300,000.00.
After a period of one year, the participant can withdraw up to RM150,000.00 for approved expenses relating to house purchase,car, business investment, education for children in Malaysia and medical purposes.
Must maintain a minimum balance of RM150,000.00 from second year onwards and throughout stay in Malaysia under this programme.
ii) Aged 50 years and above
Can either choose to:
1. Open a fixed deposit account of RM150,000.00 ; OR
2. Show proof of government monthly pension income of RM10,000.00 or from approved/recognized institution in the country of origin such as pension scheme.
After a period of one year, participant who fulfils the fixed deposit criteria can withdraw up to RM50,000.00 for approved expenses relating to house purchase, car, business investment, education for children in Malaysia and medical purposes.
Participant must maintain a minimum balance of RM100,000.00 from the second year onwards and throughout stay in Malaysia under this programme.
Note:
Successful applicants need to open their fixed deposits in Ringgit Malaysia (RM)
i) Aged Below 50 years old
Open a fixed deposit account of RM300,000.00.
After a period of one year, the participant can withdraw up to RM150,000.00 for approved expenses relating to house purchase,car, business investment, education for children in Malaysia and medical purposes.
Must maintain a minimum balance of RM150,000.00 from second year onwards and throughout stay in Malaysia under this programme.
ii) Aged 50 years and above
Can either choose to:
1. Open a fixed deposit account of RM150,000.00 ; OR
2. Show proof of government monthly pension income of RM10,000.00 or from approved/recognized institution in the country of origin such as pension scheme.
After a period of one year, participant who fulfils the fixed deposit criteria can withdraw up to RM50,000.00 for approved expenses relating to house purchase, car, business investment, education for children in Malaysia and medical purposes.
Participant must maintain a minimum balance of RM100,000.00 from the second year onwards and throughout stay in Malaysia under this programme.
Note:
Successful applicants need to open their fixed deposits in Ringgit Malaysia (RM)
2. STEP BY STEP PROCEDURE TO APPLY
We have broken up the entire application for Malaysia My Second Home programme procedures into three simple steps:
STEP ONE
Send the following documents to us: (address in contact us page)
- Two (2) coloured passport size photographs for each person applying
- Photocopy of the passport (every page) for each person applying
- Marriage certificate if applying with spouse
- Birth Certificate if applying with children
- Prove of monthly income if applicable. Monthly income in the form of retirement pension/benefits, company's remuneration, certified remuneration voucher plus letter of verification from your company, rental from property owned (receipt and certified rental agreement) and/or other consistent income
- A letter stating your application for Malaysia My Second Home programme
- A letter of good conduct issued by police (or other relevant authority)
STEP TWO
We will carry out the following registration process :
We will notify you upon receiving of your documents ( to check whether they are in order)
Complete Form IM. 12 of The Immigration Department for each applicant. We will notify you on completion of the forms
You will make an initial deposit of RM 2,000-00 by online payment facility or telegraphic transfer to our Bank account in Malaysia (contact us for Bank account or online payment)
Upon confirmation of your payment, we will submit the application to The Immigration Department of Malaysia. We will again notify you of the submission by faxing or E-mailing you of the department's acknowledgement
STEP THREE
Once approved, we shall do the followings :
Upon approval we will notify you by sending the official approval letter from The Immigration Department for you to apply for a Visa to come to Malaysia. However if the application is rejected, we will make an appeal. If it is still finalized as a rejection your deposit will be refunded less processing fee of RM980
Upon your arrival to endorse your passport with The Immigration, we will assist you to open a fixed deposit account, purchase a medical insurance and medical check-up if necessary
With the documents, we will accompany you to The Immigration Department for endorsement
You will settle the balance of our professional fee. Please contact us for full details
Other assistance like locating the best property most suited to your needs, finding the best vehicle available locally for your budget (exempted for paying tax), obtaining a permanent maid to assist in your daily chores, and other friendly tips
The entire process in obtain the Malaysia My Second Home programme could take between 1 to 2 months.
The whole purpose of appointing an authorised agent to process your application is to ensure that your application is submitted properly as per the requirements of the government officers, so that you will get a hassle free approval in the shortest time and the least number of trips here. As your representative, we shield you from all the complex procedures and red-tapes and make things as simple as possible for you. Our fees are standardised by the MM2H Agent's association and we are not allowed to charge below or above those rates. Rest assured that our fees are the same fees charged by other agents. What sets us apart is our excellent track record, our experience in this program and our expertise.