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MM2H Latest News
Announced from the MInistry of Tourism (1 June 2007)
MM2H
Center (16 Jan 2007)
Expatriate Lifestyle (August 2006)
Effective 1 June ,2007, all MM2H applications are to be submitted through licensed MM2H agents only. No individual applications nor third party applications will be entertained . Kindly refer to 'Licensing' page for a list of licensed MM2H agents. Thank you.
MM2H
Center (16 Jan 2007)
1. House Purchase : Effective 23 December 2006, the
minimum price allowed for purchase of residential units has been
standardized at RM250,000.00 for all states, except for Sarawak. The minimum
house purchase for MM2H participants in Sarawak has been maintained at
RM350,000.00.
2. Financial criteria: An important criterion is possession of sufficient
funds to maintain a fixed deposit (FD) account. kindly ensure that you have
documented proof of your financial capability, for example, authenticated
bank statement from home country for the last three months, and any other
instruments that he may have to enable you to live in Malaysia.
In the case of applicants aged 50 and above, who choose the option of
showing proof of monthly off-shore income, please ensure that the applicant
has a regular income source, the most acceptable being government-approved
funds. If the applicant is receiving funds from other sources, for example,
rental, bond, equity, insurance companies & etc. kindly verify that the
provider is a reputable well-respected company.
3. Foreigners married to Malaysians:
3.1 Foreigners married to Malaysians are not eligible for MM2H programme,
but can instead apply to be placed under the Immigration Department’s Spouse
Programme.
3.2 Should an MM2H participant who applied after 1 April 2006, marry a
Malaysian during the course of his/her stay here, he/she will not be able to
renew under MM2H programme upon expiry of his/her MM2H visa, but will be
eligible to apply for the Spouse Programme.
3.3 Foreigners who are married to Malaysians and who were approved on MM2H
programme before 1 April 2006 will continue to enjoy MM2H status, should
they apply to renew on the programme upon expiry of their current MM2H visa.
4. Renewal: Renewal of MM2H visas may be made at Immigration Department’s
Headquarters in Putrajaya or at the Immigration Department branches at State
level.
5. Voluntary service: Should MM2H candidates who are keen to provide their
expertise on a voluntary basis, please inform MM2H Centre accordingly.
Expatriate Lifestyle (August 2006)
There are some requirements to be met and successful applicants will be
given a 10 years Social Visit Pass and Multiple Entry Visa (renewable). The
candidates get the freedom & privilege to stay and stavel as they please
under this program.
Malaysia
is both politically and economically stable. It is a Land strategically located
with so much to see, do and experience, exciting nature adventures, world class
sporting events, it has a good infrastructure and offers excellent medical
facilities, International schools and universities, warm weather with friendly
people and offers the most diverse type of food in the region. Its relatively
high standard of living with one of the lowest cost of living, hence, good home
at much lower price compared to other regions. One should not miss on this
opportunity of obtaining this wonderful programme.
There are
several requirements in order to ensure eligibility for the program, such as
undergoing a medical checkup and being properly insured. The basic financial
requirements are as follows :-
People
under 50 must place a fixed deposit of RM 300,000 with any bank in
Malaysia, after one year up to RM 240,000 can be withdrawn for the purchase of
houses, children's education or medical expenses. For people aged 50 or over,
the figures are RM 150,000 and RM 90,000 respectively. Although it is also
acceptable for people over 50 to show proof of monthly off-shore income of RM
10,000.
There are
then further requirements dependent on maintaining a certain bank balance and
period of residency. For full information on these and with all Malaysia My
Second Home queries, it is best to contact one of the government approved
agents.
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