Quote:
Originally Posted by Gloucesterguy
Hello Aubella,
After some contemplation of the alternatives  , it seems like the Mm2h program is the only sensible way to go  . Before making any application I will most likely spend a few Months in Malaysia  with assistance from some recommended contacts already living there from the Philippines , to get a better idea of the country and where to live.
Even so, must reconcile and get an assessment of my staus and ability to obtain the Mm2h  before stepping out of the UK. on a visit  , just in case I end up applying for the full Monty and end up in tears 
Saw your post that new applicants can now only withdraw MYR50,000 of the MYR150,000 initially deposited after the first year- that appeared to apply to all age groups, am I correct  ?
Do not really understand what the MYR350,000 financial proof is all about  ? can you elaborate please. |
The process of getting into MM2H is pretty simple actually:
1) You need to prove that you have MYR 350,000 as cash asset
2) You have sufficient income (either pension or even rental income, investment income etc) to support yourself, if you are single and over 50 years old, usually it means an income of over MYR 7,000 and close to MYR 10,000 per month
once you have shown documentary proof of the above, we can get an approval from the government, of which then the MYR 150,000 fixed deposit requirement applies.
The MYR 150,000 fixed deposit requirement only apply to applicant over 50 years old. For applicant below 50 years old, MYR 300,000 fixed deposit is required initially, and will be allowed to withdraw MYR 150,000 subject to certain conditions.