Need to show proof of financial capability
Hi Jehan,
To answer your question and to clarify some of the points above, you need to:
1. show proof that you can support your stay in Malaysia without the need to seeking employment in Malaysia. This can be proven by having offshore income of at least RM 10,000 per month, or liquid wealth exceeding a certain amount.
2. deposit RM 150,000 into a FD account in Malaysia if you're aged 50 and above or RM300,000 if below 50. This money can only be withdrawn after the 1st year but only for purpose of home purchase, medical fees and school fees. You must always retain a minimum of RM60,000 in this account throughout your MM2H program.
3. submit your application through an authorized agent, according to the new ruling effective from this year onwards
If you need more help, please feel free to write to me.
|