Sabah Launches MM2H Programme: New Opportunities for Foreign Residents
The Sabah state cabinet has officially approved the Sabah-Malaysia My Second Home (Sabah-MM2H) programme, opening its doors to participants starting today. This initiative aims to attract foreign residents to Sabah, fostering cultural exchange and economic growth within the state.
Programme Approval and Oversight
Sabah Tourism, Culture and Environment Minister Datuk Christina Liew announced that the Sabah-MM2H programme has received the green light from both the Federal government and the Ministry of Tourism, Arts, and Culture (MOTAC). Applications are expected to be processed and approved within eight to ten weeks. The programme is exclusive to Sabah, meaning participants cannot use the permit to work elsewhere in Malaysia.
Key Requirements and Restrictions
Liew outlined several key requirements for prospective applicants:
- Age: Applicants must be at least 30 years old.
- Nationality: Only individuals from countries with diplomatic relations with Malaysia are eligible.
- Financial Prerequisites: Applicants must meet fixed deposit and financial requirements.
- Property Purchase: Participants are restricted to purchasing high-rise properties valued at a minimum of RM600,000.
Additionally, the programme prohibits the purchase of affordable homes, which are reserved for local Sabahans. There will also be strict regulations to prevent the subletting of permits, with a dedicated committee overseeing these matters.
Benefits for Participants
The Sabah-MM2H programme offers numerous benefits to its participants, including the opportunity to own property in Sabah, access to quality healthcare services, and the ability to enroll children in reputable educational institutions. This initiative is positioned not only to attract individuals to establish Sabah as their second home but also to act as a catalyst for cultural exchange, economic vitality, and sustainable community development.
Encouraging Cultural Integration
Minister Liew emphasized the importance of cultural immersion for Sabah-MM2H participants. “Participants are encouraged to fully immerse themselves in our rich cultural tapestry, contribute to our local economy, and build lasting connections within our vibrant community of residents and fellow expatriates,” she said.
Conclusion
The Sabah-MM2H programme represents a significant opportunity for foreign residents to experience life in Sabah while contributing to the local economy and community. With its well-defined requirements and benefits, the programme is set to attract a diverse group of individuals eager to make Sabah their second home. This initiative underscores Sabahโs commitment to fostering cultural exchange and economic growth, paving the way for a vibrant and sustainable future.
