Stringent criteria for the Malaysia My Second Home (MM2H) programme should not be misconstrued as trying to turn away participants from the visa scheme for high-net-worth foreigners, said economist Datuk Jalilah Baba .
The former director-general of the Malaysian Investment Development Authority said the programme’s rigorous prerequisites were designed to attract foreign investors of high calibre.
She said the MM2H initiative was tailored to attract foreign nationals keen on establishing Malaysia as their second home and operating base for their entrepreneurial pursuits.
The focus was on attracting top-tier investments that would not only enrich investors, but also contribute to the nation’s economic landscape, she added.
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