Who Are Eligible To Apply?

It is open to all citizens of countries recognized by Malaysia regardless of race, religion, gender or age who fulfill the financial requirements.

Financial Requirements as at 15 May 2006

 Applicant below 50 years old

• Open a fixed deposit account of  RM300,000.00.
   
• After a period of one year, the participant can withdraw up to RM240,000.00 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes.
   

Applicant 50 years old and above

• Can either choose to: -
  
  
  • Open a fixed deposit account of  RM150,000.00 ;
  • After a period of one year, participant who fulfils the fixed deposit criteria can withdraw up to RM90,000.00 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes.

OR

• Show proof of monthly off-shore income of RM10,000.00 such as pension  scheme.
  

Other Requirements

• Applicants are allowed to bring along their spouse and children (below 18 years old who is not married).
• Participant who open fixed deposit must maintain a minimum balance of RM60,000.00 from the second year onwards and throughout stay in Malaysia under this programme.
• All applicants and their dependents (spouse and children) are required to submit a medical report from any private hospital in Malaysia.  
• Approved participants and dependents (spouse and children) must possess a valid medical insurance policy from any insurance company in Malaysia.
• Participants under Malaysia My Second Home Program are not allowed to work nor do business while staying in Malaysia. In addition, they should not participate in activities that can be considered as sensitive to the local people and a threat to the security of the country.