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How to be a Successful Applicant Print E-mail

How to be a Successful Applicant

Aubella has compiled the following guide to assist our client in the first step of enjoying a Malaysian life.

A) Be Financially Strong

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 (except Sarawak)

  • 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 program.

ii) Aged 50 years and above (except Sarawak)

  • Can either choose to: -
    • Open a fixed deposit account of RM150,000.00 ;
    • OR - Show proof of qualified 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 program.

iii) Applicant interested to stay in Sarawak

  • Must be over 50 years old
  • Single participant must have RM 7,000 in off-shore income and open a fixed deposit account of RM 100,000.00;
  • Particiant with spouse must have RM 10,000 in off-shore income and open a fixed deposit account of RM 150,000.00
  • No withdrawal of fixed deposit is allowed.
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 program may withdraw their entire fixed deposit anytime should they decide to terminate their stay in Malaysia under this program. However, they must obtain prior approval from the Ministry of Tourism.

B) Serious Intention

Applicant must demonstrate that they have a purpose in Malaysia, and the purpose CAN NOT be to seek employment in Malaysia. Participants under Malaysia My Second Home Program are not allowed to work / be employed while staying in Malaysia. They can retire in Malaysia, invest in Malaysia or accomodate for the education for the children. As Aubella is convinced that our clients are seriously intended to participate in Malaysia My Second Home Program, we are willing to submit a personal bond as a guarantee to the Malaysian Government, to support the application of our clients. Of course, we will also assist our clients to prepare their individual documentations, to ensure conformity to the stated requirements of Malaysian Government.

C) Healthily Independent

Applicant would need to be healthy enough to enjoy a smooth transition to life in Malaysia, Thus the following submission is required to support the application:

Medical Report

All applicants and their dependents (spouse and children) are required to submit a medical report from any private hospital / registered clinic in Malaysia.

Medical Insurance

Approved participants and dependents (spouse and children) must possess a valid medical insurance policy which is applicable in Malaysia. However, for participants or dependents who were rejected by the insurance company because of age factor, we can ask for a waiver of this requirement. (Updated 17 March 2007)

D) Adaptable to The Malaysian Life

Participant would need to understand that in coming to Malaysia, they are enriching their life in a Malaysian way. Nonetheless, life without employment or a full-time job in Malaysia can be quite challenging, but some participants became active volunteers in charitable organization, while others finally able to pursue their lifetime personal interest, such as authoring a book. All in all, they should not participate in activities that can be considered as sensitive to the local people and a threat to the security of the country.
 
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