“This Will Definitely Kickstart Interest in the Scheme Again”: IM People in The News This Week
Investment migration people in the news this week.
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mm2h
Malaysia M2H Applications Down by 90% Since New Rules Imposed, Says Industry Association
The quadrupling of the MM2H income requirement has caused a collapse in applications. “Those who now qualify have better options,” say agents.
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State Govt. Approves New Sabah-MM2H: Malaysia Now Has 4 Residence-by-Deposit Programs With Different Prices
Malaysia now has four residence-by-deposit programs that let participants live anywhere in the country, but two of them have an 80% discount.
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In Astonishing Claim, Malaysian Govt. Says Premium Visa Program Got 20,000 Applications on First Day
Industry insiders, however, are not buying the figure, calling it “misinformation” and a practical impossibility.
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Malaysia’s Surprise Introduction of “Premium Visa Program” for “Tycoons” Raises Eyebrows
While similar to MM2H in most respects, the new program is less restrictive and also considerably more expensive.
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The Big Investment Migration Stories of 2021: IMI’s 10 Most-Read Articles This Year
Among our ten most-read stories in 2021, half concerned Portugal and half were written by outside contributors. Merry Christmas.
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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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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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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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3 Lessons The Botched MM2H Relaunch Holds for Migration-Policymakers
Even if a new government reverts to the “old” rules, faith in the program’s (and Malaysia’s) stability has been harmed beyond repair, writes Justin Donovan.
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Why MM2H-ers Thrown Under the Bus by Politicians Should Take Their Capital to Portugal
Steven Pepa argues the Malaysian govt. jilted the MM2H population to score political points and that the latter would be better off in Portugal.
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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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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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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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Malaysia M2H Review Concluded; Reopening Pending Cabinet Approval Says Tourism Minister
After a year and a half of uncertainty, hopes emerge that the world’s most popular residency by investment program may reopen soon.
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Long-Term MM2H Agents Question Program’s Future, Ask If Erratic Govt. Action is Deliberate
Not as advertised: A 15-year veteran MM2H advisor questions whether authorities really want foreigners to make Malaysia their second home.
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Malaysia Investment & Immigration Report 2020 – From Juwai IQI, in Partnership with IMI
Asia’s biggest prop-tech group, has partnered with IMI Research Unit to produce a special report on immigrating to and investing in Malaysia.
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Despite Pandemic, A Record-Summer for Hong Kong Overseas Property Expos
UK property exhibitions accounted for more than half of the city’s total in the last two weeks of July, writes Eli McGeever.
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More Than 100 MM2H Agents Face Closure Over Moratorium – Price Hike Likely
When the MM2H relaunches in December, it will likely have a higher price tag. In the meantime, hundreds of agents will struggle to survive.
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