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22 -November -2017 - 13:35
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TOPIC: Living/Retiring in Malaysia

Living/Retiring in Malaysia 4 years 9 months ago #20

Hi Aby

The Fixed Deposit may be placed for a period of 1 year. Thereafter you may claim for Expenses incurred for Purchase of Car , House Or Expenses for Children's Education.

The maximum amount you are entitled to claim after the 1st Year of participation in the MM2H Programme is as follows:

If you are aged below 50 years when joining the programme and your Fixed Deposit amount is RM300,000.
You will be entitled to withdraw up to RM150,000. Your application for claiming must be accompanied by proof of Purchase/Expenses.

If you are aged 50 years and above when joining the programme and your Fixed Deposit amount is RM150,000.
You will be entitled to withdraw up to RM50,000. Your application for claiming must be accompanied by proof of purchase/Expenses.

The balance of the Fixed Deposit will remain until such time your participation in the programme terminates.
Last Edit: 4 years 9 months ago by Manage.
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The following user(s) said Thank You: Aby

Living/Retiring in Malaysia 4 years 9 months ago #17

I wonder whether there are other alternatives available for me and family to make Malaysia our second home.

I noticed that under MM2H program in addition of RM 10K monthly income; the participant is also required to come up with RM500K as a security deposit in the bank for several years.

While we can be self sufficient with our monthly income as required by Malaysian government, we do not have the huge sum of deposit to qualify for the second criteria.


Please advise. Thank you
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