Is this aimed at retirees, pensioners, financially independent people, passive-income holders or another profile?
The federal SEZ/SFZ MM2H category is available from age 21 to eligible foreign individuals from countries with diplomatic relations with Malaysia. It is the Forest City, Johor programme: applicants must meet its age-based deposit requirement and purchase property there after approval.
See recorded sources
- Applicants must be aged
Applicants must be aged 25 years old and above for the Silver, Gold, and Platinum categories, or aged 21 years old and above for the SEZ/SFZ category.
- Eligible participants must have fixed deposit
Eligible participants must have fixed deposit (FD) in any Malaysian financial institution licensed under the Financial Services Act 2013 [Act 758] or Islamic Financial Services Act 2013 [Act 759] as follows: USD65,000 for ages 21 to 49; and USD32,000 for ages 50 and above. Maximum withdrawal of 50% is allowed on the principal FD value after the approval as MM2H participant has been obtained for the purposes of purchasing a residence, education, medical and tourism activities in Malaysia.
- Compulsory to purchase
Compulsory to purchase and own a property/house* in Forest City, Johor after obtaining the approval as MM2H participant. * floor price subject to Johor state property acquisition policy Selling of the residence is not allowed for 10 years. However, the house can be upgraded (buying of a new residence) to a residence of higher value from the current property. Failure to comply to any of the the terms will result in the MM2H pass to be revoked.
- Participation into
Participation into the MM2H Program is open to every eligible foreign individual from sovereign countries that has diplomatic relations with Malaysia.
