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How many more homes do you want to have? Or the country of monkeys? Funny.
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Malaysia's MM2H project is a policy introduced by Malaysia** to attract foreign capital, promote tourism and develop the economy, with the aim of encouraging foreigners to live in Malaysia for a longer period of time, so what are the application conditions for Malaysia's second home?
1. Application letter; personal background and the purpose of participation in the scheme; - who will apply with you (single or with family); - Outline how you will be able to maintain your life in Malaysia (financial capacity); Indicate the financial criteria you would like to adopt; Fixed Deposit or Monthly Foreign Income (for those aged 50 or above only).
2. A copy of personal work history, education and experience.
3. Three Malaysia** (Social Visit Passes**).
4. One copy of Malaysia's second home MM2H**.
5. Four passport photos.
6. A notarized copy of the entire passport (copy each page and stamp the page with personal information and **). If the date of the new passport is not more than one year, every page of the old passport must be photocopied and notarized.
7. Notarized marriage certificate (with spouse).
8. Notarized birth certificate (with the child).
9. Notarized bank statement report and other financial documents to prove that you can afford to pay for your living expenses in Malaysia. The more bank deposit certificates, the better, and you must have a minimum deposit of RM350,000 (around USD108,000) over 50 years old. Under the age of 50, you must have a minimum deposit of RM550,000 (around USD168,000).
10. At least three months of notarized and true salary accounting statement Pension (over 50 years old and applying for proof of monthly overseas income).
11. Certificate of no criminal record issued by the Public Security Bureau.
12. A report on the health of the applicant and his family.
13. The applicant authorizes MM2H to go to the relevant bank to prove the financial situation.
That's it for the introduction of what the application requirements for MM2H are.
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Legal Analysis: Applicants under the age of 50:
1. After the application is approved, a fixed deposit of RM300,000 (about 600,000 RMB) must be opened.
2. After one year, RM150,000 can be withdrawn for property purchase, medical treatment or children's education in Malaysia.
3. A deposit of at least RM150,000 must be kept in the bank from the second year onwards until the entire scheme period.
4. A minimum monthly income of RM10,000 per month is required.
5. Financial resources are required to be more than RM500,000.
Applicants over the age of 50:
1. After the application is approved, a fixed deposit of RM150,000 (about 300,000 RMB) must be opened.
2. After one year, you can withdraw RM50,000 for the purchase of a house, your child's education in Malaysia and for medical purposes.
3. A deposit of at least MYR 100,000 must be kept in the bank from the second year onwards until the entire scheme period.
4. The financial requirement is RM350,000, and the proof of financial resources includes fixed deposits, cash, houses, ** certificates, etc.
5. If the pension is adopted, the minimum pension needs to prove that there is RM10,000 per month during the application period (which can be combined with the spouse's pension).
Legal basis: Article 9 of the Nationality Law of the People's Republic of China A Chinese citizen residing in a foreign country who voluntarily joins or acquires a foreign nationality shall automatically lose his Chinese nationality.
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