MM2H

China Leads MM2H Program: Malaysia Plans Enhanced Requirements for Increased Global Participation

In a notable revelation by Datuk Seri Tiong King Sing, the Minister of Tourism, Arts, and Culture, China nationals currently hold the lion's share of the Malaysia My Second Home (MM2H) pass holders, numbering 24,765 as of January 31 this year. This figure significantly outpaces other countries, making them the largest group among the total 56,066 active MM2H pass holders, a fact underscored in a detailed...

Malaysia to Update MM2H Guidelines, Aiming for Cabinet Approval

The Ministry of Tourism, Arts and Culture (Motac) is gearing up to present a detailed policy paper to the Cabinet, outlining the full guidelines for the revamped Malaysia My Second Home (MM2H) applications, announced Home Minister Datuk Seri Saifuddin Nasution Ismail during a recent press conference. This move comes as part of the government's efforts to refine and rejuvenate the program, aiming to attract...

New MM2H Service Counter Opens at Tourism Ministry, Providing Hassle-Free Assistance

In a move aimed at streamlining services for My Malaysia Second Home (MM2H) participants, a new MM2H service counter has commenced operations at the Tourism, Arts and Culture Ministry (MOTAC) headquarters. The opening of this one-stop service counter, located on Level 1 of the ministry building, comes following the closure of another service center at the Immigration Department on December 15. The newly...

Malaysia My Second Home (MM2H) Programme Introduces New Categories with Age Relaxation

The Malaysia My Second Home (MM2H) programme has been revised, introducing three new categories and relaxing age requirements. The Platinum, Gold, and Silver categories offer various financial prerequisites and benefits for applicants, including opportunities for property purchases, healthcare, and tourism activities. In a significant development, Datuk Seri Tiong King Sing, the Minister of Tourism, Arts,...

Sarawak to Promote My Second Home Programme to Foreigners from Four-Season Countries

Sarawak Minister of Tourism, Creative Industry, and Performing Arts, Dato Sri Abdul Karim Rahman Hamzah, has revealed plans to promote the Sarawak-Malaysia My Second Home (S-MM2H) programme to foreigners hailing from countries with four distinct seasons. The initiative aims to attract individuals who seek refuge from cold winter climates and prefer the warm and inviting atmosphere of Sarawak. Minister...

Malaysia to Announce Major Adjustments to MM2H Programme

Significant changes to the Malaysia My Second Home (MM2H) program are set to be announced in mid-December, according to Tourism, Arts and Culture Minister Datuk Seri Tiong King Sing. These changes are expected to include major adjustments to the MM2H threshold, making it more appealing to potential applicants. The Malaysian government is aiming to ease the stringent conditions of the MM2H program to...

Increased Foreign Investment Expected to Boost Malaysia’s Property Sector in 2024

The Malaysian property sector is poised for a potential resurgence in 2024, thanks to a growing influx of foreign investors and the government's ongoing review of the Malaysia My Second Home (MM2H) program criteria. According to Teh Heng Chong, CEO of Avaland Bhd, this development could particularly benefit properties priced over RM1 million. Optimism in the Property Market: The property market is showing...

Johor’s Appeal to Investors Rises with Visa Liberalization and MM2H Relaxation

Budget 2024 brings exciting prospects for Johor's investment landscape, especially with plans to liberalize visas, including those for investors' employment passes in certain sectors. The relaxation of conditions under the Malaysia My Second Home (MM2H) program is set to bolster Johor's appeal to investors, not only from Singapore but also from various countries worldwide. Boosting Johor's Housing Sector:...

MM2H & PVIP: Remarkable Success with 88% Approval Rate in 2023

The Malaysia My Second Home (MM2H) program, aimed at attracting foreign investors and tourists to Malaysia, has experienced significant success in the post-pandemic era. Between November 2021 and the end of September 2023, a total of 2,164 applications were submitted, of which 1,905 (88%) have been approved. Additionally, the Premium Visa Programme (PVIP), designed to encourage foreign investment and...

4% Stamp Duty on Foreign Buyers in Malaysia Could Offset MM2H Relaxation Benefits

The 4% stamp duty imposed on foreign property buyers in Malaysia could potentially offset the positive impact of the relaxation of conditions for the Malaysia My Second Home (MM2H) program, according to Maybank Investment Bank. Maybank Investment Bank's research noted that while the eased MM2H conditions are expected to benefit the domestic property industry, the introduction of a flat 4% stamp duty on...

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