| | Successful applicants required to comply with the following financial criteria upon receipt of the `conditional approval letter ' from Malaysia Immigration Department. i) 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 RM240,000.00 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes.
- Must maintain a minimum balance of RM60,000.00 from second year onwards and throughout stay in Malaysia under this programme
ii) Aged 50 years and above - Can either choose to:
- Open a fixed deposit account of RM150,000.00 ; OR - Show proof of monthly off-shore income of RM10,000.00 such as pension scheme.
- After a period of one year, participant who fulfills the fixed deposit criteria can withdraw up to RM90,000.00 for approved expenses relating to house purchase, education for children in Malaysia and medical purposes.
- Participant must maintain a minimum balance of RM60,000.00 from the second year onwards and throughout stay in Malaysia under this programme.
Note: 1 ) Successful applicants need to open their fixed deposits in Ringgit Malaysia (RM) only. 2) Participants need to obtain prior approval from Ministry of Tourism before proceed to withdraw the fixed deposit 3) Participants under this programme may withdraw their entire fixed deposit anytime should they decide to terminate their stay in Malaysia under this programme. However, they must obtain prior approval from the Ministry of Tourism.
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