General Requirements as at 2nd May 2007

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The my2home programme is open to all citizens of countries recognised by Malaysia. However, foreigners married to Malaysian citizens are not eligible for the programme.

Applicants are not permitted to work or do business here. Hence, all applicants are required to show proof of their financial ability to sustain a comfortable living whilst in Malaysia. The financial requirements are for the main applicant only, individual family members being included with the main applicant.

Applicants can be individuals, couples, or families with children below 18 years of age.

The application criteria is Financial.

Applicants aged below 50 years must place a RM300,000 (about US$86,000) fixed deposit with any bank or financial institution in Malaysia. Only one fixed deposit is required per family. After the deposit has been placed for 1 year, the visa holder can withdraw up to RM240,000 for property purchase, medical expenses or children's education.  Withdrawals need approval from the Ministry of Tourism. The balance of RM60,000 must be keep as a fixed deposit for as long as the my2home visa is utilised.

Applicants aged 50 years and above may choose to either place a fixed deposit of RM150,000 in any bank, or show proof of an offshore income of RM10,000 per month. The offshore income needs to be a government pension, government approved funds, or a pension from a well-recognised international company. Again, only one fixed deposit or proof of income is required per family. And again, after 1 year, the visa holder can withdraw up to RM90,000 for the purposes given above with the remaining RM60,000 being kept on deposit.

All applicants need to show they have sufficient funds to support themselves whilst in Malaysia.

As well as the above financial requirements, applicants also have to have medical insurance valid in Malaysia (this can be waived for older applicants who have been turned down for insurance due to age), and there's a simple medical form to be completed by a local clinic.

regards, Scott

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Hi all,

I was just looking at an agent web site where they quote that all successful MM2H applicants get " a Malaysian Indentifaction Card which allows them to pass through immigration as residents" Is this true? First time I have heard this.



Cheers

Brian

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hi, Brian,

The identification card was first proposed in the second half of 2006. It was going to be available to new visa holders from September 2006, and then for existing visa holders as they came up for renewal.

At the last agents/MoTour quarterly meeting, MoTour stated that the ID cards would be available from September 2007. No other details were given.

regards, Scott

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Cheers Scott - this will be good news if it comes off. I am going through a  passport every 3 years at the moment, mostly with Malaysian stamps!

Brian