Mm2h news 2021. Latest rules as at December 2023.
- Mm2h news 2021 THE government is urged to relook at the new stringent requirements of the Malaysia My Second Home (MM2H) programme, particularly on raising the condition of offshore income from RM10,000 a month to RM40,000. Previously, they only needed to have savings of between RM300,000 and RM500,000. We will update this website and advise subscribers to our e-newsletter when we have more information. To comply with GDPR we will not store any personally identifiable information from you. Target Audience Foreigners planning to get the Malaysia My Second Home Programme and to settle in Malaysia. JOHOR BARU, Aug 30 ― Sultan Ibrahim Sultan Iskandar of Johor urged the government to immediately review the new conditions for the Malaysia My Second Home (MM2H) programme, describing it as being too restrictive. Program MM2H telah bermula pada tahun 2002. KLUANG: The government has decided to ease the conditions for the Malaysia My Second Home (MM2H) programme to attract more applicants, says Datuk Seri Dr Ahmad Zahid Hamidi. Additionally, the Premium Visa Programme (PVIP), KUCHING: Sarawak is looking into categorising its Malaysia My Second Home (MM2H) programme into several distinct groups such as retirement, education, medical tourism and investment. HOME, as the saying goes, is where the heart is. Glomac Bhd group MD and CEO Datuk Seri Fateh Iskandar Mohamed Mansor (picture) said the quantum of the hike of the income threshold is In a statement, he said that since the late-2021 reforms to the federal MM2H programme, it has received 2,164 applications, out of which 1,905 or about 88 per cent were approved. This is going to make new applications much more difficult if what The Star has reported proves to be true. However, six months after the new programme details were announced (at least partially), there is still not much to tell. #news. PUTRAJAYA has approved new regulations for the Malaysia My Second Home (MM2H) programme, with details to be announced soon, Tourism, Arts and Culture Minister KUALA LUMPUR, Sept 3 ― The government could drive away much needed foreign investment and the expatriate community that has made Malaysia home with its new rules for the In August 2021, the government announced new conditions for the MM2H programme, including the requirement for applicants to have permanent savings of at least RM1 million and a declaration of liquid assets of at least Keep updated with 2021 latest MM2H news! Summarized Q&A for existing MM2H holders. Home minister Hamzah Zainudin says it is also a matter of national security, as some had abused the programme previously. MM2H Website. Fresh off his announcement of subsidized flights to East Malaysia, Tourism, Arts, and Culture (MOTAC) Minister Datuk Seri Tiong King Sing released a statement on December 15 unveiling the relaxation of the Malaysia My Second He said that since the renewal of the MM2H programme at the end of 2021, it has received 2,164 applications and the approval was given to 88 percent of all the applications. These changes have debates among expats in Malaysia and potential applicants. Recently, the Public Accounts Committee (PAC) noted that the policy for the MM2H programme needs to be customer-friendly and more competitive than those in neighbouring countries. . Read the latest news and articles online regarding the Ministry of Tourism and Culture Malaysia at MM2H. 02 September 2021 08:10:13. Property News. KUALA LUMPUR: The reactivation of the Malaysia My Second Home (MM2H) programme is considered timely to spur the local economy, especially the real estate, health services, education and domestic KUALA LUMPUR: The revamped rules of the Malaysia My Second Home (MM2H) residency visa scheme has increased the interest of foreigners in owning properties in Malaysia, says Datuk Seri Tiong King Sing. Based on a media statement issued by the Chief Secretary of MOHA, the salient conditions under the revamped MM2H Programme are as follows: Condition 1: Minimum period of stay A participant The programme was revived in 2021 with tightened regulations that required applicants to have a monthly income of at least 40,000 Malaysian ringgit ($8,662) – up from 10,000 ringgit ($2,165) previously – pricing most applicants, especially retirees, Sarawak has maintained its immigration policy autonomy since joining the Federation of Malaya in 1963, exercising this power decisively when Malaysia's federal government tightened MM2H requirements in 2021. All applications which have been returned are as attached on link below, please check your submission reference as sent earlier with the list. killdavid: Sep 30 2021, 03: PETALING JAYA: Concerns have been raised over the new policy changes and requirements for the reactivated Malaysia My Second Home (MM2H) programme. my/business/business-news/2021/08/21/a-tale-of-two-cities Applications for the MM2H programme was temporarily frozen in August 2020, in view of the global Covid-19 pandemic. Nine conditions for new MM2H applications; Nine new conditions have been introduced to the updated Malaysia My Second Home (MM2H) programme, which will accept fresh applications starting October. What led to the updated requirements about the MM2H was due to the coronavirus situation affecting the country and its residents. I wonder also if existing visa holders are grandfathered and also what happens once their visas expire: do they need to KUALA LUMPUR: Current Malaysia My Second Home (MM2H) pass holders will only need to comply with two out of 10 new regulations imposed by the government, says Datuk Seri Hamzah Zainudin. To rece Comments Overall, the revamped MM2H programme has been well received by MM2H agents in Malaysia. “Currently, among the Sarawak-MM2H criteria are placement of fixed deposits In Budget 2024, Putrajaya plans to “relax” the current conditions for MM2H applications. It required deposits from MYR https://www. Since October 2021, new MM2H applications have been handled by the Immigration Department, Related News. “Despite the setback caused by the unprecedented Covid-19 pandemic in 2020, there were still 66 and 27 approvals in The Malaysia My Second Home (MM2H) visa is once again open for applications. Best Areas To Stay In Penang Top 5 Best Places To Stay In Penang For The First Timers Living Nomads Travel Tips Guides News Information Penang Malaysia World Heritage Recent News; Contact Us; MM2H. In Budget 2024, Putrajaya plans to “relax” the current conditions for MM2H applications. 2. my/business/business-news/2021/09/07/changes-to-mm2h-unlikely-to-have-significant-impact-on-property-market Moreover, the rules and regulations of Sarawak’s MM2H Programme have already been enhanced in September 2020, he added. Let’s not talk about MM2H for today. Visit o New MM2H rules September 2021 Sindebad. A rethink in the new KUALA LUMPUR: A total of 34 out of 249 applications have been approved for the Malaysia My Second Home (MM2H) programme as of Oct 14. KOTA KINABALU: The Malaysia My Second Home (MM2H) is a programme promoted by the Malaysia Tourism Authority and the Immigration Department of Malaysia, to allow foreigners to originally stay in Malaysia for a period of ten years. “I cannot see the A TOTAL of 1,905 of the 2,164, or 88%, applications for the Malaysia My Second Home (MM2H) programme were approved between November 2021 and the end of September this year, says Tourism, Arts and News. 그러나 2024년 6월14일에 발표된 이번 mm2h 개정안은 대폭 수정이 되어, "실버 / 골드 / 플래티넘" 3가지 카데고리로 세분화되어 각각의 조건과 혜택이 강화되었습니다. PAC chairman Wong Kah People probably don’t trust the “renewable” part anymore after the original MM2H debacleespecially since the new requirements were originally (still?) applied to existing MM2H visa holders All it takes is a change of government to folks that are anti-immigration again and MM2H holders get screwed. The COVID-19 pandemic has exposed the contested meanings of home, belonging and new hierarchies of mobility deservingness that affected the im/mobilities of Malaysia My Second Home (MM2H) visa hold The Malaysian Tourism, Arts and Culture Ministry (MoTAC) has unveiled its revised Malaysia My Second Home (MM2H) program. Visit o https://www. To rece Get Yourself Updated With Fresh News. August 30, 2021 admin. Sam’s Comments & Observations on the Revamped MM2H This month, The Edge newspaper announced the policy paper on the MM2H changes would be announced “soon. “Currently, among the Sarawak-MM2H criteria are placement of fixed deposits in local banks from RM150,000 for individuals to RM300,000 for couples,” said Karim as quoted by Malay Mail. my/business/business-news/2021/09/07/changes-to-mm2h-unlikely-to-have-significant-impact-on-property-market These government-backed initiatives offer renewable Passes with Multiple-Entry Visas valid for 5, 10, 15, or 20 years, depending on the chosen program. MM2H’s competitiveness stemmed from its friendly requirements. He is in charge of the immigration department and he clarified that his ministry was only responsible for approving the visa and not setting policy. KUALA LUMPUR: New regulations for the Malaysia My Second Home (MM2H) programme have received the Cabinet’s approval, with its details to be announced soon, said Following several months of reviewing the program’s much-maligned October 2021 terms, the Malaysian government last week released revised requirements for its Malaysia My Second Home (MM2H) program. PETALING JAYA: Agents for Malaysia My Second Home (MM2H) have seen an increase in interest in the programme with the majority coming from China after the new guidelines were announced. The government has relaxed its rules for existing participants of the Malaysia My Second Home (MM2H) programme, following industry backlash. For the freshest news, (Sept 14): The difference in the policy of Malaysia My Second Home (MM2H) Please see the link below. Since October 2021, the Immigration Department has handled all new MM2H applications, comprising matters related to processing existing applications and logistics. The MM2H programme was put on hold in 2018, but revived in October 2021 with stricter conditions. KUALA LUMPUR: Sarawak is becoming the preferred destination for the Malaysia My Second Home (MM2H) programme with an almost 25 fold increase in total approved MM2H applications this year, compared with 27 in 2021. MM2H News: Nearly 90 percent applications are approved? MM2H has much higher requirements The requirements for MM2H applicants were made much tougher starting August 2021. [ 10] [12. Sindebad. According to an infographic shared by Tiong in the same post, MM2H applicants are categorised into three tiers — Platinum, Gold and Silver — based on specific criteria and conditions. VISIT . Between November 2021 and the end of September 2023, a total of 2,164 applications were submitted, of which 1,905 (88%) have been approved. On August 11, the government said the MM2H would be reactivated with nine new conditions after the programme was suspended in August 2020 in view of the global The new guidelines, which received Cabinet approval in June, have relaxed some provisions from the 2021 version with reduced requirements for fixed deposits, offshore income and liquid assets. Ini bermakna jika penduduk Malaysia adalah 32 juta maka had tersebut adalah 320,000. com/news/malaysia/2021/09/03/hannah-yeoh-warns-of-mass-exodus-of-mm2h-participants-with-new-rules-calls/2002709 Introducing the special issue, this paper provides a state-of-the-art on established and new trends in the study of international retirement migration (IRM) and summarises the five papers that follow. We can assist you today! Big changes, some additions, or not much difference? Nothing is confirmed yet, but a clearer picture is beginning to take shape. Posted : 13 August 2021. Active member. A good friend was asking a Andy Davison, CEO of TEG Media shares news and other updates about recent developments in Malaysia especially those affecting people with MM2H visas. On August 11 this year, the federal government announced that the MM2H Programme will resume online in October 2021 with stricter criteria such as an increase of compulsory fixed deposits in local banks from RM150,000 (age over 50) to RM300,000 (age less than 50) to RM1 million and offshore monthly income increased to RM40,000 from RM10,000. The MM2H programme has been temporarily suspended since August 2020 due to the COVID-19 pandemic and re-evaluation of the programme. Check out the latest MM2H rules here! According to Hamzah, there are 57,478 MM2H visa holders as of 31 July 2021, of whom 28,249 are principals and 28,229 are dependents. The Malaysia My Second Home (MM2H) programme is a long-term visa initiative that allows In a bid to make its Malaysia My Second Home (MM2H) residency program more enticing and competitive, the government is considering a relaxation of several qualification Explore the latest MM2H news, including policy shifts, tiered structure changes, and expert insights for navigating MM2H program effectively. After a hiatus of about a year, the Ministry of Home Affairs of Malaysia (“MOHA”) relaunched the Malaysia My Second Home Programme (‘MM2H Programme’) on 11 August 2021. To rece The MM2H programme, which promotes Malaysia as an international retirement destination, was frozen in 2020 and resumed in 2021 with stricter conditions. At this moment, nothing has changed yet. Latest rules as at December 2023. Latest MM2H Updates: 34 Applications for MM2H Programme Approved as of October 2024 The Malaysia My Second Home (MM2H) programme is a long-term visa initiati. "However, we need to understand the gravity of MM2H in the international visa scheme landscape. Instead, it suggested for the policies to be reviewed with consultation with the stakeholders. Readership 8,000+ monthly online readers. Improving onerous financial criteria, Exploring The Latest MM2H Statistic related to Malaysian MM2H approvalss For 2023: Malaysia’s MM2H Programme Insights. Here are all the MM2H new requirements. From October 2021 onwards, the Immigration Department will manage and handle the processing of new applications for the programme, said Home Ministry secretary-general Datuk Wan Ahmad Dahlan Abdul Aziz. “S-MM2H differs from the federal government’s MM2H programme in that Sarawak has its own set of criteria. MM2H New Rules 2021. Like Quote Reply. https://www. MM2H Consultants Association called the requirement for applications on a five-year visa to hold on to property for 10 years ‘excessive’. [ 20] [25. Malaysia saw a sharp 90% drop in MM2H applications when the programme was reintroduced in October 2021 due to stricter rules which included an increase in fixed deposit requirements to RM1 million from a minimum of RM150,000. Applicants over 50 years of age do not need to invest in Active MM2H Visa Holders as of Jan 24th, 2024 Malaysia M2H Program - Main applicant approvals by year. The current unity administration has announced a revamped MM2H program aimed at boosting the economy and offering new visa holders an enhanced package. 2002년 처음 시행 당시 외국인 은퇴자를 유입하고자 했던 mm2h 프로그램이 2021년 개정안에서 관할 업무가 문화관광부에서 "이민국"으로 The release of the newest version of the Malaysia My Second Home programme looks a lot different than 2021’s ill-fated version. com. 5 million. While federal program applications fell 90%, Sarawak kept more flexible terms resembling the original nationwide program. 5 Three drawbacks appear to be as follows – First, the mandatory requirement to purchase a residential property in Malaysia could be a disincentive and does not take into consideration that renting of homes is a common practice in certain societies. But the 2021 tweaks cratered the MM2H market. However, the new criteria have received considerable backlash, for being too draconian. However, it does seem that there are more action now. The Tourism, Arts and Culture Ministry has officially announced the updated rules to join the Malaysia My Second Home (MM2H) programme. When the federal government, in 2021, first suspended and later reintroduced the MM2H at roundly criticized, far-higher minimum investment requirements, Sarawak decided to relaunch an MM2H program specifically for its territory, at terms similar to the previous federal program. Existing participants can renew their visas but new applications are not being accepted. Sejak itu terdapat 57,478 peserta dan tanggungan mereka yang tinggal di Malaysia. THE Malaysian International Chamber of Commerce and Industry (MICCI) has urged the government to immediately suspend the new Malaysia My Second Home (MM2H) rules. In 2021, the Malaysian government announced stricter requirements to enhance the quality and security of applicants. Subscribe. 87 Really? this rule was just released by the new government after their July 30, 2021 meeting and PETALING JAYA: The MM2H Consultants Association has declared its support for tourism, arts and culture minister Tiong King Sing’s revitalised Malaysia My Second Home (MM2H) programme, amid calls KUCHING: The Malaysia My Second Home in Sarawak (S-MM2H) programme will not be affected by revised requirements announced by the federal government recently. For example, the offshore income requirement which was RM10,000 per month was increased to RM40,000 per month. He added the revamped MM2H will be on trial for a year and can still be adjusted according to circumstances. The new requirements, which take effect in October 2021, add considerable First, the monthly income of a foreigner joining the MM2H program has been increased from RM10,000 to RM40,000. Malaysia M2H Malaysia My Second Home (MM2H) Programme is promoted by Malaysia’s Government (since 2002) to allow foreigners/retiree who fulfil the requirements to stay in Malaysia as their Second Home. A series of announcements hinted at a more flexible and streamlined approach, prompting me to share my insights on the matter, which you can find in detail here. States and Federal Territories of Malaysia. Report Top. Changes to S-MM2H in September last year included improving new regulations and requirements, such as adjusting and lowering the age group for S-MM2H participants, which will undoubtedly benefit those who want to call Sarawak home”, he says. Under the MM2H programme with new conditions, participants need to have an income of RM40,000 per month compared to RM10,000 previously. To rece PETALING JAYA: The government will set the requirements for the Malaysia My Second Home (MM2H) programme into three categories, says the Tourism, Arts and Culture Ministry. Malaysia’s Minister of Tourism this week revealed that the Malaysia My 2nd Home (MM2H) program had received 2,164 applications since the new rules took effect in late 2021. The average number of MM2H applications since then reportedly saw a 90% drop, compared to 2017 to 2019. Stay informed on the latest MM2H updates, including new Since October 2021, new MM2H applications have been handled by the Immigration Department, covering processing services for existing applications and logistics. Johor looks for best way to solve over 70,000 unsold, unoccupied, abandoned houses issue. A fire in Manila’s largest slum district leaves thousands of families displaced. PETALING JAYA: Stricter criteria for the Malaysia My Second Home (MM2H) scheme is seeing potential applicants fast losing interest in it, while current participants are finding the new KUCHING: Sarawak’s Malaysia My Second Home (MM2H) programme will not be affected by the new requirements and regulations announced by the Federal Government effective this October, says state Moreover, the rules and regulations of Sarawak’s MM2H Programme have already been enhanced in September 2020, he added. To rece In August 2021, the government announced new conditions for the MM2H programme, including the requirement for applicants to have permanent savings of at least RM1 million and a declaration of liquid assets of at least RM1. 1. Chinese The MM2H programme introduced in 2002 offered foreign nationals a 10-year-long visa that was renewable, and was meant to entice high-income visitors to stay in Malaysia for a long term. I wonder also if existing visa holders are grandfathered and also what happens once their visas expire: do they need to On August 11 this year, the federal government announced that the MM2H Programme will resume online in October 2021 with stricter criteria such as an increase of compulsory fixed deposits in local banks from RM150,000 (age over 50) to RM300,000 (age less than 50) to RM1 million and offshore monthly income increased to RM40,000 from RM10,000. Sabah & Sarawak 11 Dec 2024 Reviewed Sabah MM2H programme takes off Thursday. Under the 2021 conditions, participants must spend at least 90 cumulative days in the country annually, have an offshore income of at least RM40,000 per month (increased from RM10,000), and maintain a fixed The Malaysia My Second Home (MM2H) programme, one of the world's most popular retirement and lifestyle migration programme throughout the 2010s, has been at the receiving end of a series of The MM2H programme was revived in August 2021, with stricter conditions, after being suspended during the Covid-19 pandemic. Differences in financial requirements: S-MM2H program has attractive low financial requirements compared to the MM2H program. 5mil worth of liquid assets, RM40,000 monthly offshore income – up Posted on September 14, 2021, Tuesday at 2:26 PM Nation. Posted: 14 09 2023. Ting noted that between 2007 to 2019, S-MM2H had approved 1,240 applications with an average of 103 approvals per year. Recent updates to the MM2H program have garnered significant attention. "We anticipate that future revenues could see positive changes as the government has received a total of 2,164 MM2H applications from November 2021 to September 2023, with 1,905 being approved. The MM2H, which is meant for non-Malaysians to retire and live in Malaysia for a period of time, was put on hold in 2018 but revived in 2021 with stricter conditions. These participants will only have to comply with two of the 10 new criteria under the Additionally, they must stay a minimum of 90 days in the country per year. MICCI ED Shaun Edward Cheah said the unilateral and sudden announcement Andy Davison, CEO of TEG Media shares news and other updates about recent developments in Malaysia especially those affecting people with MM2H visas. TECKTONIC & SONS News & Resources Features 1 Mar 2022 | Sin Chew Daily 河流局碧湖设5浮标 . Malaysian Tourism, Arts, and Culture Minister Tiong King Sing announced that the current criteria for the MM2H programme, which was tightened dramatically in 2021, is set to be reviewed. Meanwhile, Ahmad Zahid said employers need to Applications for the MM2H programme was temporarily frozen in August 2020, in view of the global Covid-19 pandemic. “There have probably only been around 10,000 purchases since the programme started in 2002. The state’s version of MM2H is expected to be less restricted with the applicant’s age limit criteria lowered to 30 years and above and it will also allow programme participants to sell their properties after five years on condition they must buy a new house worth no less than RM600,000 and the SBH-MM2H agent must be from a local Sabah company. The MM2H programme was revived in August 2021, with stricter conditions, after being Andy Davison, CEO of TEG Media shares news and other updates about recent developments in Malaysia especially those affecting people with MM2H visas. Exactly three years ago I shared a comparison of existing MM2H with newly proposed MM2H requirement in 2021. A rethink in the new On the MM2H programme to attract long-term foreign residents, Razman expressed fears that it could Please join the Malaysiakini WhatsApp Channel to get the latest news and views that matter THE number of property purchases by Malaysia My Second Home (MM2H) visa holders would hardly drive up property prices as each state has its own minimum purchase price for foreigners while some states set lower limits for MM2H visa holders. Card PM. MM2H news: Current requirements and the positive comments from Budget 2024 MM2H revving up? Too many people said the government 'killed' the MM2H programme after it increased the requirements to applicants tremendously. 提升水上活动安全性READ MORE 12 Jul 2021 | Press Reader LePaPa Aiman Mall donates 200 food packs under ‘Community Pantry’ driveREAD MORE 30 Dec 2021 | Borneo Post Southern tip of Sarawak to become tourism belt, says Abg JoREAD [] PETALING JAYA: The new three-tier category for the Malaysia My Second Home (MM2H) programme, announced last Friday, is here to stay, assures Tourism, Arts and Culture Minister Datuk Seri Tiong We are among those anxiously awaiting news. Related News PETALING JAYA: The proposal to ease conditions for the Malaysia My Second Home (MM2H) programme is set to help boost foreign real estate investments and potentially address overhang issues in the Since October 2021, new MM2H applications have been handled by the Immigration Department, covering existing application processing services and logistics. As a summary, here are the new 2024 guidelines for the revamped MM2H set out through the 3 tiers, namely, Platinum (with the most beneficial terms comes the highest deposits), Gold & Silver as well as the Special Financial/Economic Zones and the respective benefits and financial requirements simplified below. (Mm2h) 2021: Are the revised criteria a mistake? Applications for the MM2H programme was temporarily frozen in August 2020, in view of the global Covid-19 pandemic. You can check out the previous MM2H post here. Best Areas To Stay In Penang Top 5 Best Places To Stay In Penang For The First Timers Living Nomads Travel Tips Guides News Information Penang Malaysia World Heritage Active MM2H Visa Holders as of Jan 24th, 2024 Malaysia M2H Program - Main applicant approvals by year. The MM2H visas are also now valid for only five years, instead of 10 previously. Prior to this, some 34,347 foreigners were granted 10-year social visit passes, which was Since the MM2H programme started in 2002, 57,478 foreigners have been given long-term visa passes before the programme was shelved in September 2018, to be reviewed with new conditions. Long-term MM2H participants, said to number 57,478 people, are said to have invested nearly RM12 billion in the economy since its inception. ” This information was given by the Home Minister, Datuk Seri Saifuddin. 1 . Trust me, piecing together details from various sources including the Immigration Department, to grasp the 2023 updates was no small feat—an astounding 88% https://www. “Since the late-2021 reforms to the federal Malaysia My Andy Davison, CEO of TEG Media shares news and other updates about recent developments in Malaysia especially those affecting people with MM2H visas. The Government of Malaysia has decided to temporarily suspend the Malaysia My Second Home Program (MM2H) since 18 March, 2020. The enhanced conditions have sparked heated discussions among existing MM2H visa holders and stakeholders who said the new rules are too stringent. In August 2021, Sign up to get breaking news, unique insights, event invites and more from EdgeProp. Meanwhile, the Premium Visa Sign up to get breaking news, unique insights, event invites and more from EdgeProp. Receive monthly newsletter [Monthly Column] (MM2H) programme or risk losing millions of investments, MM2H news: Sabah’s revising their SMM2H to attract high-value foreigners . Andy Davison, CEO of TEG Media shares news and other updates about recent developments in Malaysia especially those affecting people with MM2H visas. The three programs are Malaysia My Second Home (MM2H, Sarawak Malaysia My Second Home (S-MM2H) and the Sabah Malaysia My Second Home (SBH-MM2H). The MM2H visa will be granted for a period of five (5) years and is renewable for another five (5) years if applicant still can fulfil the requirements set by Immigration such as minimum Kerajaan juga telah menetapkan had bilangan peserta dan tanggungan MM2H ini tidak lebih dari 1 peratus dari penduduk Malaysia. After being suspended for over a year, the MM2H programme was relaunched in 2021 with several changes such as the RM1 million fixed deposit requirement. The Immigration Department saw 13,873 applications for the THE number of property purchases by Malaysia My Second Home (MM2H) visa holders would hardly drive up property prices as each state has its own minimum purchase price for foreigners while some states set lower limits for MM2H visa holders. To facilitate this service we have dedicated our efforts on making sure applicants are re-approved under the same conditions as they were initially approved. The latest data from Malaysia My Second Home (MM2H) and Sarawak-MM2H shows that other nationalities still find Malaysia one of the most appealing destinations in Southeast Asia, according to comments released today by Juwai IQI Co-Founder and Group CEO Kashif Ansari. KUALA LUMPUR: New participants of the Malaysia My Second Home (MM2H) programme in all three categories – platinum, gold and silver – are not eligible to apply for permanent resident status Andy Davison, CEO of TEG Media shares news and other updates about recent developments in Malaysia especially those affecting people with MM2H visas. In other words, The MM2H programme has been temporarily suspended since August 2020 due to the COVID-19 pandemic and re-evaluation of the programme. PETALING JAYA: The new three-tier category system for the Malaysia My Second Home (MM2H) programme will be a permanent feature, says Datuk Seri Tiong King Sing. Instead of comparing the proposed requirement back in 2021, Anyone heard (from MM2H agents or elsewhere) number of people who have terminated their MM2H visas during 2021 - 2022? Any statistics available? The MM2H programme has been temporarily suspended since August 2020 due to the COVID-19 pandemic and re-evaluation of the programme. malaymail. "If we want to compete against Thailand’s new visa scheme, easing our MM2H requirement is a necessary measure," he added. KUALA LUMPUR: The current criteria of the Malaysia My Second Home (MM2H) programme, which was tightened previously in 2021, is set to be reviewed, said Malaysian tourism, arts and culture PUTRAJAYA: The Malaysia My Second Home (MM2H) programme has been reactivated and new conditions have been introduced to attract applicants who can contribute to the country’s economy. For the freshest news, (Sept 14): The difference in the policy of Malaysia My Second Home (MM2H) Home Ministry Secretary-General Datuk Wan Ahmad Dahlan Abdul Aziz says fresh MM2H applications will be processed and managed by the Immigration Department. The insider’s guide to the Malaysia My Second Home Programme and to living in Malaysia. Visit o KUALA LUMPUR: Tourism, Arts, and Culture (Motac) Minister Datuk Seri Tiong King Sing today announced the relaxation of the Malaysia My Second Home (MM2H) programme, introducing three new categories. Improving onerous financial criteria, In early 2023, the MM2H industry was buzzing with anticipation as plans for an extensive overhaul of the draconian MM2H criteria emerged. Our recent efforts to determine when the revised MM2H programme would be announced There are now three tiers, Silver, Gold, and Platinum with each tier having its own unique benefits and conditions. Visit o Please see the link below. Navigating the sea of information on Malaysia’s MM2H programme can feel like a daunting task. In a statement released on April 18, Tiong stated that after a meeting with Home Ministry Secretary-General Ruji Ubi, it was decided that the application process for the Latest News on MM2H 2024. my/news/nation/2021/10/01/better-quality-applicants-not-guaranteed-with-enhanced-mm2h-requirements-says-mca Since October 2021, the Immigration Department has handled all new MM2H applications, comprising matters related to processing existing applications and logistics. IT IS better to transfer the responsibility of Malaysia My Second Home (MM2H) programme back to the Ministry of Tourism, Arts and Culture (Motac) as was the original intention. The government recently announced that MM2H would be reactivated with several new conditions and is set to resume in October 2021. Ya, I agree with this. Hamzah said the reason for the applications review is to keep the percentage of foreigners who are living in the 26-08-2021. MM2H Latest News 2021. my/news/nation/2021/09/01/govt-to-review-new-mm2h-criteria#openShareModal Posted on September 14, 2021, Tuesday at 2:26 PM Nation. Glomac Bhd group MD and CEO Datuk Seri Fateh Iskandar Mohamed Mansor (picture) said the quantum of the hike of the income threshold is New Guideline MM2H 2021. The MM2H programme was reactivated on Aug 11, 2021, with revised conditions, after being put on hold for a year due to the Covid-19 pandemic. “The authorities in Sarawak had already approved 406 applications by the end of July 2023, which suggests for the full year of 2023 the total could be about 700. MM2H Renewal Services. Visit o KLUANG: The government has decided to ease the conditions for the Malaysia My Second Home (MM2H) programme to attract more applicants, says Datuk Seri Dr Ahmad Zahid Hamidi. Subsequently, a series of new rules have been instituted, shaping the landscape of MM2H eligibility and requirements. my/news/nation/2021/09/730692/sultan-ibrahim-hopes-government-immediately-reviews-strict-mm2h https://www. While enjoying certain benefits as they live here, they also contribute dynamically to the larger The only role MOTAC will play in the MM2H programme according to the statement is promotion of the programme via the Tourism Malaysia platform, introducing Malaysia as a long-term stay destination especially to THE Malaysia My Second Home (MM2H) programme is expected to impact the property market from 2022 onwards if no review is made on the matter. There was a news about a revision to the revised MM2H (which was not liked by many people) and the news stated that this revision should be announced but it’s October and we do not have any news yet. #WATCH #SuperiorNews: Immigration & Travel News Bulletin | New British Columbia PNP Draw Results for Immigration Candidates | The UK releases a However, it was suspended in November 2019 and re-launched in October 2021 but with more restrictive application conditions. That is why more than 50,000 expats have chosen to call Malaysia their home under the Malaysia My Second Home (MM2H) programme, citing reasons ranging from their love for local food to cultural diversity. To rece In August 2021, the government announced 10 new conditions for those interested in the MM2H programme, including having RM1. The stricter requirements led to a dip in the number of approved applications. From all the indications so far, the new program will begin in Jan 2021. thestar. 82%] Aiya I already know liao lah. Differences inthe real estate investment requirement: Under the S-MM2H program, applicants between 40 to 50 years of age are required to invest in real estate in Sarawak. Here’s a look at the revised visa Latest MM2H Updates: 34 Applications for MM2H Programme Approved as of October 2024. Based on a media statement issued by the Chief Secretary of MOHA, the salient conditions under the revamped MM2H Programme are as follows: Condition 1: Minimum period of stay The Malaysia My Second Home (MM2H) program, aimed at attracting foreign investors and tourists to Malaysia, has experienced significant success in the post-pandemic era. First, the monthly income of a foreigner joining the MM2H program has been increased from RM10,000 to RM40,000. After confusing messages about whether the new Malayia My Second Home (MM2H) rules would apply to existing visa holders there is now some clarification. He shared that Sarawak has approved 700 thus far in 2023. nst. One of our important services of the MM2H is to process Renewals for applicants. After suspending the programme for about a year in 2020, while the government reviewed the terms and conditions, the government opened up applications for the visa at the end of 2021. But now, Putrajaya is making it mandatory for an applicant in Malaysia to purchase a property of a certain value and own it for a longer duration to spur growth in the Following a two-year pause resulting from a political turf war that officially began in July 2020 but which in earnest began when the government started rejecting all applications in November 2019, the MM2H reopened in September 2021 with quadrupled income requirements and far more onerous residency and deposit requirements. Sep 30 2021, 03:21 PM Attached thumbnail(s) /k/R1M liked this post. “I cannot see the Updated Requirements about MM2H Malaysia as Of 2021. 18 Oct 2021. The Ministry of Tourism has announced “To ensure MM2H is attractive and competitive, the Ministry of Tourism, post-pandemic has recorded 1,905 approved applications or 88% of the total 2,164 applications between November 2021 and end-September 2023. The MM2H programme was revived in August 2021, with stricter conditions, after being This overhaul marks the major changes since 2021, when the Perikatan Nasional government last revised the long-term residency scheme. Check out the latest rules. Ultimate 2023 Guide to MM2H Malaysia My Second Home Visa: Still Worth Applying to Live Long-term in Malaysia? After the huge changes to its policy in Year 2021, learn about the pros and cons of getting a Malaysia My Second Home Visa (MM2H), a popular way to live long term in Penang and Malaysia, with the no-frills advice of a local immigration lawyer. Meanwhile, Tiong said his ministry would hold meetings with the Finance Ministry and Transport Ministry together with tour bus operators in July to find the best solution to the problems faced MM2H URGENT NEWS UPDATE. 3,775 Time The best news, articles and properties on the market from the Property Hunter portal, conveniently wrapped and ready, just for you. 64%] No, I beg to differ. The real reason for the change is old MM2H attracted foreigners not from their target group. KUALA LUMPUR: A total of 34 out of 249 applications have been approved for the Malaysia My Second Home (MM2H) programme as of Oct 14. These can be seen on this website under the MM2H visa tab. The ongoing MM2H saga gets its latest wrinkle with statements from Home Minister Hamzah Zainudin. This overhaul marks the major changes since 2021, when the Perikatan Nasional government last revised the long-term residency scheme. Sultan Ibrahim said the new revisions are very negative and it was ridiculous to subject existing MM2H pass holders to the new conditions. This is the second update the MM2H has undergone in less than a year as the This overhaul marks the major changes since 2021, when the Perikatan Nasional government last revised the long-term residency scheme. – June 14, 2024. PETALING JAYA: Concerns have been raised over the new policy changes and requirements for the reactivated Malaysia My Second Home (MM2H) programme. COM. All applications must be made through an approved MM2H PETALING JAYA: The government is prepared to re-examine the new criteria imposed on the Malaysia My Second Home (MM2H) programme, says Home Minister Datuk Seri Hamzah MM2H participant are allowed to withdraw partial of the required Fixed Deposit starting from the second year onwards (effective from the date of MM2H Social Visit Pass endorsement in the The good news is that the MM2H program is scheduled to resume this coming October 2021! The re-opening of the MM2H program comes with newer requirements. What are the new changes KUALA LUMPUR: The revamped rules of the Malaysia My Second Home (MM2H) residency visa scheme has increased the interest of foreigners in owning properties in After nearly a year-long pause, Malaysia’s once-popular MM2H programme is active again, though with significant shifts in focus and costs. – Bernama pic, August 11, 2021 PUTRAJAYA – The The new Malaysia My Second Home (MM2H) programme has been announced, and it will certainly not be welcomed by many people at all. After a suspension lasting over a year, in October 2021, the Immigration Department resumed processing new MM2H applications, providing services for both existing applications and logistical support. Dear . Latest Requirements Requirements To Qualify Please note the programme is currently suspended. MM2H HOME Minister Datuk Seri Hamzah Zainuddin (picture) said his ministry will review the applicants for the Malaysia My Second Home (MM2H) on a case-by-case basis, amid calls from various quarters for the government to review its new stringent rules. Secondly, MM2H residents are to have a minimum of RM1 million savings in a bank account, an increase of more than three-fold from RM300,000 for those below 50 years old and RM150,000 for those above 50 years old. In other words, As a summary, here are the new 2024 guidelines for the revamped MM2H set out through the 3 tiers, namely, Platinum (with the most beneficial terms comes the highest deposits), Gold & Silver as well as the Special Financial/Economic Zones and the respective benefits and financial requirements simplified below. Malaysia M2H KUALA LUMPUR: Tourism, Arts, and Culture (Motac) Minister Datuk Seri Tiong King Sing today announced the relaxation of the Malaysia My Second Home (MM2H) programme, introducing three new categories. TRENDING NOW. From November 2021 to September 2023, only 1,905 MM2H applications were approved versus 5,610 in 2018. Posted: 21 07 2023. Former minister Tan Sri Abdul Kadir Sheikh Fadzir (picture) said Motac has all these officers and their network of relevant connections all over the world to boost this programme KUCHING: Sarawak’s Malaysia My Second Home (MM2H) programme will not be affected by the new requirements and regulations announced by the Federal Government effective this October, says state The MM2H programme was revived in August 2021, with stricter conditions, after being suspended during the Covid-19 pandemic. Member since 07 November 2019 Johor. After a hiatus of about a year, the Ministry of Home Affairs of Malaysia ("MOHA") relaunched the Malaysia My Second Home Programme ('MM2H Programme') on 11 August 2021. KUCHING: Sarawak is looking into categorising its Malaysia My Second Home (MM2H) programme into several distinct groups such as retirement, education, medical tourism and investment. Learn about the new regulations, lingering uncertainties, ASEAN News Massive Inferno Destroys Hundreds of Manila Shanties. KL-Singapore High Speed Rail. my/news/nation/2021/08/15/govt-urged-to-revise-mm2h-rules KUALA LUMPUR: The Malaysian Institute of Estate Agents (MIEA) has proposed that the government defer the new criteria for the Malaysia My Second Home (MM2H) programme to December 2022. mltj arnrvo bqvld iyr zbvup aavt gqmhe xkan noymi jyt
