If you are thinking about retiring in Malaysia , the Malaysia government has a unique programme to over you; “ Malaysia , My Second Home”. On this site you will find the basic information regarding this programme, but of course Allo' Expat is more than willing to assist you on any specific matter regarding this programme.

General Requirements

Age:
The “Malaysia, My Second Home” programme is open to all persons of any age from all countries recognized by Malaysia.

Financial criteria:
Applicants 50 years and above can either choose to

- Opened a fixed deposit account of RM150,000.00, OR
Show proof of monthly off-shore income of at least RM10,000.00

Applicants below 50 years:

Have to open a fixed deposit account of RM300,000.00.

You can withdraw some of your fixed deposit after one year for approved expenses such as a house purchase, education, medical or local investment. But you must maintain a minimum balance of RM60,000.00 throughout stay in Malaysia under this programme.

Visa:
Once your application has been approved by the Malaysian authorities you will be supplied with a Social Visit Pass which is initially for a period of ten (10) years (depending on the validity period of the passport) and is renewable.

Medical insurance:
Applicants must possess a valid medical insurance policy from any insurance company that is applicable in Malaysia. The list of licensed insurers, their addresses and contact numbers are available at Central Bank of Malaysia. (www.bnm.gov.my)