Now nearly 7 times cheaper than the national version and with much more flexible presence requirements, Sarawak’s MM2H is thriving.
Officials propose to divide MM2H into “Platinum, Silver, and Bronze” categories. Agents association call for merger of MM2H and PViP.
Investment migration people in the news this week.
The quadrupling of the MM2H income requirement has caused a collapse in applications. “Those who now qualify have better options,” say agents.
Malaysia now has four residence-by-deposit programs that let participants live anywhere in the country, but two of them have an 80% discount.
Industry insiders, however, are not buying the figure, calling it “misinformation” and a practical impossibility.
While similar to MM2H in most respects, the new program is less restrictive and also considerably more expensive.
Among our ten most-read stories in 2021, half concerned Portugal and half were written by outside contributors. Merry Christmas.
Following fervent feedback from stakeholders, Malaysia decides to grandfather in existing MM2Hers under the old rules, with two exceptions.
MM2H: Former minister warns rejections could soar; Malaysia could lose out on US$12 billion to competing programs; Dependents went unvetted.
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.
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.
Steven Pepa argues the Malaysian govt. jilted the MM2H population to score political points and that the latter would be better off in Portugal.
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.
The MM2H program is finally reopening, albeit with financial requirements far more onerous than in the past.
After decimating hundreds of MM2H businesses over a political power struggle, the government is offering a laughably small support package.
Despite repeated assurances of an imminent reopening, the MM2H remains inactive 21 months after its initial suspension. Insiders say politicking is to blame.
After a year and a half of uncertainty, hopes emerge that the world’s most popular residency by investment program may reopen soon.
Not as advertised: A 15-year veteran MM2H advisor questions whether authorities really want foreigners to make Malaysia their second home.
Asia’s biggest prop-tech group, has partnered with IMI Research Unit to produce a special report on immigrating to and investing in Malaysia.
