Financial Requirement

Applicants must have sufficient financial ability to maintain their life in Malaysia.

When Applying :

•  Applicants under the age of 50 must prove that they have at least RM500,000 of current assets and at the same time prove that they have overseas income of RM10,000 per month.

•  Applicants aged 50 years and above must prove that they have at least RM350,000 of current assets, and at the same time prove that they have overseas income of RM10,000 per month. For retirees, they must present proof of government-approved retirement pension in the amount of RM10,000 per month.

When the application is approved

After receiving the “Approval Letter" issued by the Malaysian Immigration Department, successful applicants must meet the following financial conditions

—  Obtain medical report

—  Get medical insurance

—  Applicants for Malaysia ’s second home under 50 years old:

•  Approved applicants must deposit a fixed deposit equivalent of MYR 300,000 in any bank in Malaysia

•  One year later, it is possible to unfreeze MYR 150,000. For house purchase, car purchase, children ’s education expenses and medical purposes

—  Applicants for the second home in Malaysia over 50 years old:

•  Approved applicants must deposit a fixed deposit equivalent of MYR 150,000 in any bank in Malaysia

•  After one year, MYR 50,000 can be unfreezing. For house purchase, car purchase, children ’s education expenses and medical purposes