The MM2H program is open to all countries recognized by Malaysia but the program has numerous requirements. These requirements include a minimum monthly income, minimum liquid assets, a fixed deposit, plus various other rules. The exclusion of foreign spouses of Malaysian citizens was removed in February 2009 and they are now allowed to apply for the MM2H visa. Effective 2009 applicants are not required to use the services of an approved government agent. If you do choose to use an agent they must be authorized by the Ministry of Tourism. These companies have the initials “MM2H” in the company name.
Upon Application – 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.
Upon Approval – 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 per age requirement.
i) MM2H Applicants aged below 50 years old
ii) MM2H Applicants aged 50 years and above
iii) MM2H Applicants who have purchased a house (or houses) with a total value of RM1 million and above
For more detailed information contact Competent Careers for better guidance solutions for any kind of visa that Malaysia Immigration offers.