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General Conditions

UPON APPROVAL

(A) Aged 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 RM150,000.00 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes.
  
• Must maintain a minimum balance of RM150,000.00 from second year onwards and throughout stay in Malaysia under this programme.
  

Approved participants who have purchased and own property which were bought at RM1 million and above in Malaysia may state their intention in their letter of application during submission to lower down basic fixed deposit requirement of RM300,000 to RM150,000 on condition that the property has been fully paid and ownership documents such as grant and land title have already been issued. This amount may not be withdrawn until the participant decides to terminate his participation in MM2H programme.


(B) Aged 50 years and above

• Can either choose to:
  - Open a fixed deposit account of RM150,000.00 ; OR
  - Show proof of receiving pension from government RM10,000 per month
  
• After a period of one year, participant who fulfills the fixed deposit criterion can withdraw up to RM50,000.00 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes.
  
• Participant must maintain a minimum balance of RM100,000.00 from the second year onwards and throughout his/her stay in Malaysia under this programme.

Approved participants who have purchased and owned property which were bought at RM1 million and above in Malaysia may state their intention in their letter of application during submission to lower down basic fixed deposit requirement of RM150,000 to RM100,000 on condition that the property has been fully paid and ownership documents such as grant and land title have already been issued.This amount may not be withdrawn until the participant decides to terminate his participation in MM2H programme.