QUOTE(JimbeamofNRT @ Dec 26 2023, 07:54 PM)
if that 50K fella come and stay alone, maybe studio is sufficient
but requirement is RM1 million house
What is the minimum property price for MM2H?
MALAYSIA STATE MIN. PRICE PER PROPERTY FOR FOREIGNERS
SELANGOR RM 2 million (Zon 1 & 2) or RM 1 million (Zon 3)
KUALA LUMPUR RM 1million
PUTRAJAYA RM 1million
JOHOR RM 1million
Meeting the Eligibility Criteria
Citizens from any country may apply for the MM2H Programme. However, there are some financial conditions that an applicant must meet:
Above 35 years old
A minimum of RM1,500,000 in liquid assets is required.
A minimum monthly offshore revenue of RM40,000 is required.
A Malaysian fixed deposit account with a minimum balance of RM1,000,000
One-time personal bond payment of approximately RM2,000
This is the revision of MM2H
Check out the silver catogery
RM750K only for the property they need to purchase
Here is the breakdown of the categories:
PLATINUM
In the Platinum category, MM2H applicants must meet specific financial prerequisites, including a fixed deposit of RM5 million (USD1.05 million).
Applicants can withdraw a maximum of 50 per cent of the amount after a year to purchase properties valued at RM1.5 million and above, for healthcare, and for tourism activities in the country.
Platinum applicants must reside in Malaysia for a cumulative total of at least 60 days a year.
For those aged 30 to 49 years old, their residence in the country must be fulfilled by their principal, partners, or their dependents respectively.
This category of MM2H applicants is also eligible to apply for Permanent Resident (PR) status after obtaining their Platinum pass.
GOLD
Gold MM2H applicants must adhere to the set financial prerequisites, including a fixed deposit of RM2 million (USD420,800).
They are also allowed to withdraw a maximum of 50 per cent of the amount after a year to purchase properties valued at RM750,000 and above, for healthcare, and for spending on tourism activities.
Gold MM2H pass holders must reside in Malaysia for at least a cumulative total of 60 days a year.
For individuals aged 30 to 49 years old, their residence in the country must be fulfilled by their principal, partners, or their dependents respectively.
The Gold MM2H pass is valid for 15 years, with Multiple Entry Visas (MEV) granted to the principal and dependents, and it can be renewed.
SILVER
Silver MM2H category applicants must have a fixed deposit of RM500,000 (USD105,000) as a financial prerequisite.
They can withdraw a maximum of 50 per cent of the amount after a year to purchase properties valued at RM750,000 and above, for healthcare, and for spending on tourism activities.
Silver MM2H pass holders must reside for at least a cumulative total of 60 days a year in Malaysia.
For individuals aged 30 to 49 years old, their residence in the country must be fulfilled by their principal, partners, or their dependents respectively.
The Silver MM2H pass is valid for five years, with Multiple Entry Visas (MEV) granted to the principal and dependents, and it can be renewed.