Deputy Home Minister Datuk Seri Dr Shamsul Anuar Nasarah said the reforms include the integration of the Ministry of Tourism, Arts and Culture (Motac) database with the Immigration Department’s system to strengthen data management, ensuring integrity and compliance with national security standards.
The bank’s package for MM2H participants includes preferential rates, fixed-rate unit-trust charges, automatic Maybank Premier status, and holistic financial advisory services.
“Approvals under the previous policy stand at 57,686, comprising 28,209 principals and 29,477 dependents.
HLIB said that in the Klang Valley, most developers with exposure in this area are expected to benefit as many properties are priced above RM600,000.
“To ensure MM2H is attractive and competitive, the Ministry of Tourism, Arts and Culture (Motac) together with the home ministry continues to review the existing requirements of the programme.
It’s better late than never for us to get back in the game.
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.
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 (Oct 8): Malaysia’s cultural diversity is said to be the main reason many foreigners have chosen to reside in this country under its Malaysia My Second Home (MM2H) programme since it was introduced 19 years ago.
KUALA LUMPUR (Oct 5): The government has relaxed its rules for existing participants of the Malaysia My Second Home (MM2H) programme after industry backlash to the revised criteria.
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