Category Special Economic Zone / Special Financial Zone - Ministry of Tourism, Arts and Culture

CATEGORY

SPECIAL ECONOMIC ZONE / SPECIAL FINANCIAL ZONE

FINANCIAL REQUIREMENTS	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.
PARTICIPATING FEE (ONE-OFF)	A participating fee of RM1,000 for every principal application (one-off). No participating fees for dependents
PURCHASE OF RESIDENCE	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.
MINIMUM LENGTH OF STAY	Be present / staying in Malaysia for 90 days (cumulative) in one year. For participants between the age of 25 to 49 years old, the length of stay in Malaysia can be fulfilled by the principal and/or their dependents.
DEPENDENTS	Participant is allowed to bring dependents as follows: spouse (wife/ husband); biological children/stepchildren/adopted children below the age of 21 while those between the age of 21 to 34, must be unemployed and single while in Malaysia; medically certified children with disabilities (no age limit); parents and/ or parents in law; and
MM2H PASS	MM2H pass for a period of 10 years with Multiple Entry Visa (MEV) For principal dan dependents. Renewable The validity of the pass will depend on the validity of the participant's passport. If the validity of the participant’s passport expires before the end of the MM2H pass, the participant is required to renew the pass.
EDUCATION	Dependent/s (children) is allowed to pursue their education up to tertiary level in any Government- recognised higher learning institutions in Malaysia. Dependent/s (children) is allowed to use the existing MM2H or be given a Student Pass automatically.
MEDICAL	Long term medical treatment is allowed in Malaysia.
BUSINESS/INVESTMENT ACTIVITIES	Not allowed.
CAREER OPPORTUNITIES	Not allowed.
MEDICAL CHECK-UP	Compulsory to undergo medical checkup in panel clinic/ hospital appointed by the Ministry of Tourism, Arts and Culture for the principal and their dependents after receiving the approval to participate in the MM2H Programme.
CATEGORY SPECIALITY	Tax exemption on incoming funds such as FD.
CHANGE OF PRINCIPAL	In the event of death of the principal, the MM2H Pass of the deceased is transferable to the next-of-kin among the registered dependents.
TERMS OF RENEWAL OF MM2H PASS	The pass can be renewed for every 5 years after the maximum years of the programme has been completed. Applicants will need to produce the latest documents as follows: A copy of a valid passport A copy of the latest medical report Health insurance The fee for renewal pass is RM300 for principal and dependents.