Malaysia My Second Home to be reactivated with changes

The government has introduced nine new conditions for those intending to apply for the programme, including participants must be in the country for at least 90 cumulative days in a year to ensure they truly contribute to the Malaysian economy.

Participants are also required to have an offshore income of at least RM40,000 a month, compared to RM10,000 previously and a fixed deposit account with a minimum of RM1mil, where 50% maximum withdrawal from a principal amount is allowed for the purpose of buying property, health and children’s education.

The age for those eligible to apply has now been placed under two categories, namely for those between the age of 35 and 49, and the other category is for those 50 years and above.