Industry players, while welcoming the new Malaysia My Second Home (MM2H) conditions, are adopting a wait-and-see approach over potential additional requirements. They expressed concern over a possible return of the monthly income requirement for applicants, which some believe played a role in the programme’s waning popularity.
Ch’ng Toh Ghee, who is managing director of MM2H agency Alter Domus, believed that expats from western countries would be drawn to the Silver category, which has a fixed deposit condition of RM500,000. Those contemplating a move to Malaysia, he said, would also find the Platinum category’s offer of a Permanent Resident status particularly enticing.
However, he said the programme should do away with the monthly income requirement, which was introduced in the 2021 MM2H revamp.
“The new MM2H programme would only achieve its optimum effect by removing the draconian RM40,000 monthly income requirement,” he said.
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Source: New Straits Times
