Malaysia To Exempt Existing MM2H Participants From Most New Rules
Following fervent feedback from stakeholders, Malaysia decides to grandfather in existing MM2Hers under the old rules, with two exceptions.
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Asia-Pacific
New Zealand’s Investor Visa Practically Closed: Only 5 Approvals in FY2022, Rejections Reach 69%
New Zealand’s Investor Visa, which but a few years ago raised more than a billion NZ dollars a year, remains virtually dead 19 months after the onset of the pandemic.
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MM2H Updates: Thailand Could Absorb Tens of Billions at Malaysia’s Expense
MM2H: Former minister warns rejections could soar; Malaysia could lose out on US$12 billion to competing programs; Dependents went unvetted.
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Vanuatu CBI Revenue Drop in 2021 Likely Related to Correspondent Bank Relationship Troubles
Vanuatu’s banks are having relationship problems.
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Malaysian Govt. Promises to Take Another Look at New MM2H Rules Following Royal Rebuke
Following sharp criticism from MM2H stakeholders and the Sultan of Johor, the Home Minister promises to “take another look” at the new rules, at least as they apply to long-term residents.
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Vanuatu Arranging for Evacuation of Citizens from Afghanistan But Unable to Contact Family
Vanuatu has called in favors from bigger partner countries to help get its citizens out of Afghanistan. But the family hasn’t been heard from in days.
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Why Vanuatu Decided to Allow Payment for Citizenship in Multiple Currencies
Vanuatu already lets agents accept crypto and the government itself will now accept multiple fiat currencies from agents. Laszlo Kiss explains why.
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New MM2H Rules Will Drive Mass Exodus of Foreigners – That’s Intentional, Say Observers
Thousands of settled expats who planned to live out their days in Malaysia will now need to come up 4-6x more money or get out. Most cannot afford to stay.
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Vanuatu Revokes Approval-in-Principle of DSP Investor Mentioned in The Guardian-Series
Mr. Khiti, named in The Guardian’s series of articles last month, sees his ni-Vanuatu citizenship application rejected at the 11th hour.
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MM2H Reopens With Quadrupled Income Requirement: Nearly US$10,000 a Month
The MM2H program is finally reopening, albeit with financial requirements far more onerous than in the past.
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22 Months After Freezing MM2H, Malaysia Govt. Offers Relief Grant to Agents: A $711 One-Time Payment
After decimating hundreds of MM2H businesses over a political power struggle, the government is offering a laughably small support package.
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More Feelings Than Facts: Commentary on The Guardian’s Vanuatu Passport Series
On a factual and legal basis, the investigation fails to support claims that Vanuatu accepts criminals or money launderers, writes Martin St-Hilaire.
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From List of 2,000+ Names, Journalists Uncover Handful of Questionable Vanuatu Cases
The cases highlighted in the Guardian relate mostly to individuals whose criminal allegations surfaced only after receiving approval.
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NZ Govt. Reportedly Mulls Ending Category 1 Investor Visa, Raising Capital Requirement to NZ$25m
“The program is a mess at the moment,” says ANZ Migration’s James Hall. Some of his clients have waited more than a year for approvals that normally take 3 months.
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Why Those Hoping to Design CIPs in the Pacific Are in For A Ride – Part 2
Part 2 of Michael Krakat’s series on how concepts of nationhood and citizenship are perceived differently in the South Pacific and what that means for CBI planners.
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After 21 Months, No End in Sight for MM2H Suspension – Political Turf War to Blame, Say Insiders
Despite repeated assurances of an imminent reopening, the MM2H remains inactive 21 months after its initial suspension. Insiders say politicking is to blame.
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Australia to Raise Investor Visa Min. Investment by Another Million From July
The total investment amount for the Investor Visa will rise from AUD 1.5 to AUD 2.5 million on July 1st.
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Australians Exiled in India: Marooned or Banished?
Australia has made it a criminal offense for its citizens to return if they’ve recently been in India. Michael Krakat questions the legality of this move.
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UK’s Share of Overseas Property Exhibitions in Hong Kong Triples in 2021
“The UK represents almost one in two exhibitions so far this year,” says Eli McGeever, Vice President of property discovery platform Soho App.
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Why Those Hoping to Design CIPs in the South Pacific Are in For a Ride
In the South Pacific’s small island states, the notion of citizenship doesn’t have the same meaning as in the cultures whence it came.
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