Benefits
Social Visit Pass 10 years Visa renewal-Multiple Entry (Applicant and family(Children below 21 years old, Parents above 60 years old))
Join any Business Opportunity in Malaysia
Job Opportunity in Malaysia (Above 50 years old)
Car/House purchase
Activate Medical Insurance
Education for family (Including Government School)
Housemaid - to bring from any Country
Tax exemption given to remittance to offshore pension funds to Malaysia or any Foreign Funds transfer to Malaysia
Import Personal/Household Items Tax exempted
Interest gained from Fixed Deposit Tax exempted
Invest in Local Companies , Share Market , Funds and Unit Trust
Requirements
1) Special Sarawak State
http://www.wonderfulmalaysia.com/sarawak-borneo-malaysia.htm
An applicant must be 50 years of age or over.
Applicants who are 30 years old and above may apply if
there is evidence that they have children pursuing further
education or undergoing long term medical treatment in
Sarawak
Applicants must show proof of monthly off shore income
/pension funds of RM10,000 (USD2,500) for married couples or
RM7,000(USD1700) for single applicants;
OR
Open a fixed deposit account of RM150,000 (USD37,000) in a bank or
financial institution for married couples or RM100,000 (USD25,000)
for a single applicant.
An applicant must be sponsored by a Malaysian
originating from Sarawak or a Sarawak Permanent
Resident. The use of agents and middle men is prohibited.
The visa issued to Participants of the MM2H Sarawak
programmed allows the participant to reside anywhere
in Malaysia.
MM2H Participants may buy residential properties in
Sarawak worth no less that RM300, 000(USD75,000) at designated
areas in Sarawak.
Participants who choose to open a fixed deposit account
may withdraw up to RM90,000(USD23,000) (couple) or RM40,000(USD10,000)
(single) for approved expenses relating to the purchase
of a house, car, and education of children or for medical
purposes. From the second year on participants must
maintain a minimum Fixed Deposit balance of RM60,
000 (USD15,000)
2) Above 50 years (Except Sarawak State)
RM100K(USD25K)+RM50K(USD13K) fixed deposit (After 1 year-50K (USD13K) withdraw Education in Malaysia, Housing, Expenses upon discussion)
RM350K(USD87K) evidence-Bank statement, Assets, House etc
3) Below 50 years (Except Sarawak State)
Working/Share payslip income minimum RM10K(USD2.5K) a months
RM150K(USD37K)+ RM150K(USD37K) fixed deposit (After 1 year-150K(USD37K) withdraw Education in Malaysia, Housing, Expenses upon discussion)
RM500K(USD123K) evidence-Bank statement, Assets, House etc
Process
Personal document - with Public Notary ( To give check list)
Letter of Good Conduct (From Home Country Authority)
Processing fee USD4000 (USD500- upon submission, balance after approval)
Minimum 3 months timeline