Malaysia's second home plan is updated.
According to the news on October 6, Malaysia’s Minister of the Interior Han Sa Zainuddin stated in the summary of the 12th Malaysia Planning Department that the previously announced new policy will not affect the incumbents of MM2H, but will only involve two items. change:
1. The visa fee is increased from 90 MYR per year to 500 MYR per year.
2. The cumulative number of residence days per year is at least 90 days.
There is no need to make up a 1 million ringgit fixed deposit when renewing, regardless of monthly income.
At present, the visa fee has been increased to 500 MYR, plus the multiple entry and exit fee of 30 MYR, the cost for a year is 530 MYR.
The parent visa fee is still 120 MYR so far.
For new applicants, the application requirements have been improved.
The Minister of the Interior also emphasized that the implementation of the new policy of the Malaysia Second Home Plan (MM2H) aims to attract high-quality overseas retirees to participate in order to have a positive effect on economic growth.
The new policy lists 10 new conditions, including applicants to have 1 million fixed deposits, 1.5 million current assets; 40,000 offshore income every month, etc.
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Although from the current policy, the application threshold has been raised, it also means that the gold content and quality of the second home has been greatly improved.
As the most ideal channel for overseas Chinese students, China has always been ranked first among the top 10 sources of Malaysia's second home project. After the new policy is finalized and new applications are opened, there will be a large number of applicants in the future.
It's just that at present, when will the new application be restarted, or whether the application conditions will be adjusted again, we can only wait for the latest official announcement.
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