MM2H Questions

[asiafrenz]

Understand that to get MM2H visa, need to fulfil 2 financial requirements:

1) Liquid Asset

2) Investment (Fixed Deposit)

I think the Fixed Deposit part is clear need to go Johor Bank open a Fixed Deposit and leave money there,

The question is what is really liquid asset here? You need to also bring this sum of money to Johor and leave it in the johor bank? Or just show them you have this sum of money in the SG bank is good enough?

Thanks.

 

[Blackzzz]

Applicants aged below 50 years are required to show proof of liquid assets worth a minimum of RM500,000 and offshore income of RM10,000 per month. For certified copy(s) of Current Account submitted as financial proof, applicants must provide the latest 3 months’ statement with each month’s credit balance of RM 500,000. In short liquid asset means cash you can move around and available at your disposal at any given time

 

[asiafrenz]

Applicants aged below 50 years are required to show proof of liquid assets worth a minimum of RM500,000 and offshore income of RM10,000 per month. For certified copy(s) of Current Account submitted as financial proof, applicants must provide the latest 3 months’ statement with each month’s credit balance of RM 500,000. In short liquid asset means cash you can move around and available at your disposal at any given time

hi my question really is about this liquid asset has to be deposited into a malaysian bank or i only need to show proof that i have this amount (S$ in ringgit equivalent) in my SG bank is sufficient? Thanks.

 

[withluck]

hi my question really is about this liquid asset has to be deposited into a malaysian bank or i only need to show proof that i have this amount (S$ in ringgit equivalent) in my SG bank is sufficient? Thanks.

You need to deposit in a malaysian bank fixed deposit. You can only withdraw the money when you leave the program. A partial withdrawal is permitted after one year, but those over 50 and above must maintain a minimum of RM 100,000 on the fixed deposit, and those under 50 – RM150,000. A partial withdrawal is only allowed to cover the following – property purchase, car purchase, education of children and medical expenses.

Hope this helps.