What happens to the fixed deposit after property purchase for SFZ MM2H?

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Withdrawal of Fixed Deposit After Property Purchase for SFZ MM2H

Following the completion of a property purchase for the SFZ MM2H programme, up to 50% of the initial fixed deposit can be withdrawn. These withdrawals are permitted for specific approved purposes, which include the purchase of property, educational expenses, medical treatments, and tourism-related activities within Malaysia. The fixed deposit itself is held with a Malaysian financial institution that operates under the regulations of the Financial Services Act 2013 or the Islamic Financial Services Act 2013.
Approved Withdrawal Purposes

The SFZ MM2H programme allows for a portion of the fixed deposit to be accessed for essential needs and lifestyle pursuits in Malaysia. Beyond the initial property acquisition, funds can be utilized for the education of dependents, covering healthcare costs, or for engaging in tourism activities across the country. This flexibility aims to support the integration and financial management of participants within Malaysia.
Fixed Deposit Maintenance

The initial fixed deposit is a core requirement for securing the SFZ MM2H visa. For applicants aged between 21 and 49, the required deposit is US$65,000, while those aged 50 and above need to maintain a deposit of US$32,000. This fund must be placed in an account with a Malaysian financial institution regulated under either the Financial Services Act 2013 or the Islamic Financial Services Act 2013.
Property Purchase Requirement

A mandatory component of the SFZ MM2H application is the purchase of a residential unit directly from the Forest City developer. This property must have a minimum value of RM500,000. Sub-sale or secondary market units are not eligible for this programme. The property acquisition must be finalised within 90 days of receiving the official Letter of Conditional Approval.

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What happens to the fixed deposit after property purchase for SFZ MM2H?

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