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| Malaysia My 2nd Home Programme |
Thinking of settling in Penang? The Malaysia My 2nd Home (MM2H) programme allows citizens of other countries to retire and reside in Malaysia with their spouses, children, parents and even in-laws.
MM2H is promoted by the Government of Malaysia to allow foreigners who fulfill certain criteria, to stay in Malaysia for as long as possible on a multiple-entry social visit pass.
The Social Visit Pass is initially for a period of ten (10) years, and is renewable.
It is open to citizens of countries recognised by Malaysia regardless of race, religion, gender or age. |
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Applicants are required to comply with the following financial criteria: |
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| 1. |
Must open a fixed deposit account of RM300,000. |
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After a year, the participant may withdraw up to RM240,000 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes. |
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Must maintain a minimum balance of RM60,000 from the second year onwards and throughout their stay in Malaysia under the MM2H programme.
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Show proof of monthly off-shore income of RM10,000 for single applicant or RM15,000
with dependent applications. |
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Must open a fixed deposit account of RM150,000 |
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After a period of one year, the participant may withdraw up to RM90,000 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes. |
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Must maintain a minimum balance of RM60,000 from the second year onwards and throughout their stay in Malaysia under the MM2H programme.
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Show proof of monthly off-shore income of RM10,000 such as a pension scheme or dividend income. |
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 For full details please visit the Malaysia My 2nd Home Programme website |
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