Frequently Asked Questions
When should I open up my Fixed Deposit account?
Before submitting the application.
Can I work while I am under this program?
It is at the discretion of the Immigration Department Malaysia.
Who qualifies as dependents?
Children/adopted children/step children/parents of participants.
What is the maximum age for children to apply under the family application?
18 years old and below (unmarried).
Is it compulsory to purchase a house after joining this program?
Compulsory for age 40 – 50 years old before submitting the application.
Do I need to pay income tax in Malaysia if I am drawing a salary in my own country?
No double taxation.
Can I withdraw my fixed deposit account after joining this program and when can I do so?
You may only withdraw up to MYR90,000.00 (individual) and RM180,000 (couple), after a period of one (1) year for the purpose of property investment OR children’s education and medical in Malaysia.