In a significant move to boost Malaysia’s appeal as a premier destination for foreign residents, the government has announced pivotal changes to the Malaysia My Second Home (MM2H) programme. Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi unveiled the revised requirements aimed at streamlining the application process and enhancing the benefits for participants, marking a new chapter in the programme’s history since its inception in 2002.
Under the revamped MM2H programme, applicants will now navigate a more simplified application process, promising approval within three working days, provided all requirements are meticulously met. This efficiency is achieved through close collaboration with the Immigration Department, ensuring a hassle-free experience for prospective applicants.
In a groundbreaking development, the mandatory fixed deposit amount has been categorized into three tiers: platinum, gold, and silver. This tiered system is designed to accommodate participants with varying financial capabilities, making the programme more accessible and appealing to a broader spectrum of potential applicants.
Participants of the MM2H programme are also subject to a new regulation regarding property ownership. In a bid to stabilize the property market and encourage long-term investment in Malaysia, the government mandates that properties purchased by MM2H participants cannot be sold for at least 10 years. Additionally, the programme offers visa extensions every five years, providing participants with greater security and stability during their stay in Malaysia.
Beyond the financial aspects and visa facilitations, the MM2H programme extends its hospitality to include educational benefits for the children of participants, offering a range of schooling options to ensure that families can enjoy a comprehensive lifestyle in Malaysia.
The Deputy Prime Minister expressed a keen interest in drawing more MM2H participants to Johor, including the Forest City area. He urged the Ministry of Tourism, Arts and Culture (MOTAC) and the Home Ministry (KDN) to undertake immediate actions to enhance the programme’s attractiveness and capitalize on Johor’s unique offerings to foreign residents.
The MM2H programme, temporarily suspended in August 2020 for a comprehensive review, has been under the management of the Immigration Department since October 2021, covering all aspects of application processing and logistics.
In addition to revamping the MM2H programme, Ahmad Zahid addressed the need for employers to offer competitive salaries to local workers, particularly in sectors known for being dirty, dangerous, and difficult (3D), to mitigate the reliance on foreign labor.
The announcement came during the ‘Majlis Santunan Kasih Ramadan’ programme, where Ahmad Zahid also highlighted the government’s efforts in managing solid waste disposal and food waste during Ramadan, reflecting the broader commitment to sustainability and community welfare.
By introducing these enhancements to the MM2H programme, Malaysia reaffirms its position as an attractive destination for global citizens seeking a second home, offering a blend of modern living, cultural richness, and comprehensive support for a fulfilling lifestyle.
