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Malaysia My Second Home (INTRO)
Malaysia My Second Home (REQUIREMENT)
 
   
Education information for buyers
  Malaysia My Second Home (1 out of 2 pages)

REQUIREMENTS

The Malaysian government welcome foreign citizens from all over the world (except Israel & Yugoslavia) to enter and stay in Malaysia on a long term Social Visit Pass (duration of 5 years with a Multiple Entry Visa) under the “MALAYSIA – MY SECOND HOME PROGRAMME”.

However, this programme DOES NOT PROMISE a Permanent Resident status.

Terms and Conditions

1. Age:
This programme is open to all categories of citizens with no limit of age. They are allowed to bring their dependent (below 18 years of age) and apply for a maid.

Notes:

1.1 Dependant above 18 years of age will have to make a separate application.
1.2 Application for maid can be submitted after the approval of Malaysia –
     My Second Home Programme.

2. Financial Requirement:

2.1 Applicant by a person above 50 years of age

2.1.1 Applicant and spouse (either one must be above 50 years of age) will have the privilege of choosing either:
• To have a fixed deposit of RM 150,000.00 in a Malaysian Bank; OR
• Derive a fixed monthly income of not less than RM 10,000.00 (from abroad).

2.1.2 Single (individual) applicant will have the privilege of choosing either:
• To have a fixed deposit of RM 100,000.00 in a Malaysia Bank; OR
• Derive a fixed monthly income of not less than RM 7,000.00 (from abroad).

2.2 Applicant by a person below 50 years of age (application must be  submitted to the Headquarters of Malaysia Immigration Department)

2.2.1 Applicant and spouse MUST POSSES:
• A fixed deposit of RM 150,000.00 in a Malaysia Bank; AND
• Derive a fixed monthly income of not less than RM 10,000.00 (from abroad).

2.2.2 Single (individual) applicant MUST POSSES:
• A fixed deposit of RM 100,000.00 in a Malaysia Bank; AND
• Derive a fixed monthly income of not less than RM 7,000.00 (from abroad).

Notes:

The Government of Malaysia has determined ONLY the following local bank of fixed deposit installment.

1. Affin Bank Berhad
2. Bumiputera Commerce Bank Berhad
3. Maybank Berhad
4. RHB Bank Berhad

3. Sponsor

The requirement of a local sponsor can be waived but the final decision lies upon the Immigration Officer at the counter. Applicant can also acquire the services of companies registered with the Malaysia Immigration Department.

4. Insurance Coverage / Medical Report

Applicant must possess a medical insurance policy from any insurance company in Malaysia and attach a medical report from recognized medical institutions. The requirement for insurance policy is however an optional for a person of old age and denied by the insurance company.