Govt hopes that revamped MM2H programme can attract global celebrities

• Local Government Development Minister Nga Kor Ming: We hope all the rich and famous personalities such as David Beckham, Andy Lau and Jackie Chan will be tempted to come to invest in Malaysia.

IPOH (Dec 17): Putrajaya is hoping that the revamped Malaysia My Second Home (MM2H) programme can attract “famous personalities” to invest in the country.

“We hope all the rich and famous personalities such as David Beckham, Andy Lau and Jackie Chan will be tempted to come to invest in Malaysia.

“We believe that the property sector will get a boost from this,” Local Government Development Minister Nga Kor Ming (pictured) said, according to a report by The Star.

Nga said the revamped MM2H could attract about RM500 billlion in investments.

“With investments in sectors such as property, retail, banking or hotels, it will help to spur the country’s economy.Demand for ringgit will also increase,” he said.

“It can also create more high salary job opportunities. We have reasons to believe that 2024 can be a productive and positive year,” he added.

The Tourism, Arts and Culture Ministry unveiled a revamped version of the MM2H programme which will now have three tiers – silver, gold and platinum.

Each tier will entail varying eligibility requirements.

The minimum age requirement of the revamped MM2H has also been been lowered to 30 years, together with an expanded list of eligible dependents.

In addition to spouses, children below 21 and children with disabilities, the new programme allows all children between 21 and 34 years old who are not working in Malaysia or married; and parents and parents-in-law to be eligible as dependents.

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