News about MM2H

The Tourism, Arts and Culture Ministry (Motac) said the decision to review the strict conditions introduced in 2021 was reached following a meeting between its minister, Datuk Seri Tiong King Sing, and Home Ministry secretary-general Datuk Ruji Ubi.

The one-stop centre will offer services such as coordinating all stakeholder feedback as well as streamlining communications and coordination between the various stakeholders.

There are currently three schemes going on, and one in the pipeline — having its policies approved “in principle”.

Despite the adoption of MM2H more than two decades ago, it is unfortunate that we have not been able to capitalise sufficiently on our first-mover advantage.

MM2H consultant, Gary Crestejo: For participants from developed countries, West Malaysia is still a closer match over East Malaysia as the lifestyles of cities like Kuala Lumpur and Penang are more similar to their hometowns, which will be easier to adapt Sunway University economist Dr Yeah Kim Leng said the initiative is laudable as it gives Sabah an edge to attract more MM2H applicants, where a greater number of investors and rich retirees will help to boost the economy.

President Datuk Chua Soon Ping complimented the state government in listening to Shareda’s recommendation to set the fixed deposit amount to RM200,000 as opposed to RM1.

“The new programme looks just like a copy-paste of MM2H and I do not see how it can be attractive for ‘investors’.

Dr Yeah Kim Leng: Consider their skills, networking and entrepreneurship so that the programme will be more impactful PETALING JAYA (Aug 10): Putrajaya should review the new MM2H rules and look at beyond just income levels.

Center for Market Education CEO, Carmelo Ferlito said the new conditions created a negative perception from the MM2H community, “signalling to them they were unwelcome if they did not earn enough”.

KUALA LUMPUR (Jan 20): During the Real Estate and Housing Developers’ Association Malaysia (Rehda) Institute CEO Series 2022, property developers have urged for the government to step in to address the surging building material prices to ensure that house prices will remain stable, reported by The Star.