Government of Malaysia: Retirement in Malaysia – Second Home and Exchange Control

1. Age
There is no age limit. Successful applicant are allowed to bring dependent that is wife and children below 18 years of age and to employ maid Application from dependent other than described above will be considered. Applicants above 50 years of age can submit their applications to the Immigration Headquarters in Putrajaya, State Immigration Offices, Malaysia Representative Offices Abroad and Malaysia Tourism Offices. Applicants below 50 years of age are required to submit their application to the Immigration Headquarters in Putrajaya.
2. Income/ Financial Requirement
(a) Applicant above 50 years of ageApplicant and spouse (either one must be above 50 years of age) will have the privilege of choosing EITHER to have a fixed deposit of RM 150,000.00 (for 5 years) from any bank in Malaysia; OR derive a fixed monthly income of not less than RM 10,000.00 (from abroad). The fixed deposit account must be active during applicant?s permitted length of stay under this programme. A Multiple Entry Visa is given together with the Visit Pass (Social) of 5 years period (for those nationals who require a visa). Single (individual) applicant will have the privilege of choosing either to have a fixed deposit of RM 100,000.00 (for 5 years) from any bank in Malaysia; OR derive a fixed monthly income of not less than RM 7,000.00 (from abroad). The fixed deposit account must be active during applicant?s permitted length of stay under this programme. A Multiple Entry Visa is given together with the Visit Pass (Social) of 5 years period (for those nationals who require a visa).(b) Applicant below 50 years of ageApplicant and spouse MUST POSSES a fixed deposit of RM 150,000.00 (for 5 years) from any bank in Malaysia; AND derive a fixed monthly income of not less than RM 10,000.00 (from abroad). The fixed deposit account must be active during applicant?s permitted length of stay under this programme. A Multiple Entry Visa is given together with the Visit Pass (Social) of 5 years period (for those nationals who require a visa). Single (individual) applicant MUST POSSES a fixed deposit of RM 100,000.00 (for 5 years) from any bank in Malaysia; AND derive a fixed monthly income of not less than RM 7,000.00 (from abroad). The fixed deposit account must be active during applicant?s permitted length of stay under this programme. A Multiple Entry Visa is given together with the Visit Pass (Social) of 5 years period (for those nationals who require a visa).The Social Visit Pass given for a period of five (5) years period is given subject to the validity of the passport.All new applications or renewals in this programme are required to have a fix deposit account in any bank in Malaysia OR any foreign banks as long as the foreign banks have a branch in Malaysia.
3. Application
Applicant above 50 years of age can submit their application without a sponsor. However the department has the right to request for one if deemed necessary.
4. Insurance Coverage
Must possess a medical insurance policy from any insurance company recognised in Malaysia. However, it is optional for a person of above 50 years of age can be exempted
5. Education
(a) Children of Applicant Applicant are required to apply for their children to study in schools or any Institution of higher leaning recognized by the Malaysian Government and to inform the Immigration Department so that an endorsement ?Permitted to study at??.. from??.to??.? can be stamped by Malaysian Immigration Department on the passport.(b) Dependent of Applicant Dependent of applicant (other than children) who wants to study in any school or institution of higher learning recognized by the Malaysia Government are required to inform the department for the issuance of Student Pass.
6. Government Tax
Successful applicants are bound by the policies, systems and regulations of tax of this country and are not accorded privileges as granted to the Diplomatic Missions in Malaysia.
7. Employment of Maid