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Open a Fixed Deposit account of RM300,000.00 (USD85,714) with any bank in Malaysia. |
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After a period of one year, the participant can withdraw up to RM150,000.00 (USD42,857) for approved expenses related to house purchase, medical purposes and children’s education in Malaysia. |
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Notes : |
Must prove further saving/fixed deposit of at least RM 200,000.00
If the applicant is working he or she must submit a company letter to certify the salary/off-shore income and the position in the company. The letter must be signed by the Financial / Accounts Manager (not the applicant himself).
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Option A : |
Open a Fixed Deposit account of RM 150,000.00 (USD42,857) with any bank in Malaysia. |
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Option B : |
Proof of Off-Shore Income RM 10,000.00 per month. (Government approved funds only) |
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Notes : |
Must prove further savings/fixed deposit of at least RM200,000.00 |
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After a period of one year, the participant can withdraw up to RM50,000.00 (USD14,286) for approved expenses related to house purchase, medical purposes and children’s education in Malaysia. |
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Note : (Exchange Rate : USD1.00 = RM3.50.
Subject to change without prior notice) |
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Successful applicants must maintain a minimum balance of RM100,000.00 for those aged 50 years & above, RM150,000 for those aged below 50 in the Fixed Deposit account from the second year onwards and throughout the whole stay in Malaysia under this programme. |
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