MM2H requirement

To participate in the Malaysia My Second Home (MM2H) program, there are certain financial requirements that applicants must meet. 

As of my knowledge cutoff in September 2021, here are the general financial criteria for the MM2H program:

1. Financial Proof: Applicants need to show proof of financial capability to support their stay in Malaysia. 

They are required to have a liquid asset of at least MYR 500,000 (Malaysian Ringgit), which can be in the form of cash in a bank account, stocks, bonds, or other assets that can be easily converted into cash.

2. Offshore Income: Applicants must also provide proof of offshore income of at least MYR 10,000 per month. This can be from pensions, rental income, dividends, or any other legitimate source.

3. Fixed Deposit: Upon approval, successful applicants aged below 50 years old are required to place a fixed deposit of MYR 300,000 in a Malaysian bank, whereas those aged 50 years and above need to place MYR 150,000.

This fixed deposit is to be maintained throughout their stay in Malaysia.

4. Medical Insurance: Applicants and their dependents are required to possess valid medical insurance coverage that is applicable in Malaysia.

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