Malaysia's latest MM2H immigration policy has finally been launched.
With a history of more than 20 years, the Second Home (MM2H) program was a popular choice in the Chinese immigration market until it was shut down for a year during the pandemic and then restartedHowever, the deposit threshold was raised to RM1 million (approx1.5 million RMB
Due to the high threshold of this application, the number of applicantsDirectly plummeted by ninety percent
This also forced Ma ** to make adjustments again, so it was officially launched recentlyThe one-year Second Home New Deal, which significantly lowers the threshold for application.
The application criteria for the New Second Home Program are applicantsMust be 30 years of age and olderThe program is divided into three categories, namely ** level, ** level, and platinum level.
**Grade:Deposit RM500,000 to get a 5-year long-stay visa.
**Grade:Deposit RM2 million and get a 15-year long-stay visa.
Platinum:With a deposit of RM5 million, the applicant is eligible to apply for permanent residency.
Applicants with the highest Platinum level, who meet the conditions, will be eligible to apply for permanent residency in Malaysia, with all levels of residency as wellFrom 90 days per year to 60 days per year
As you can see, the minimum thresholdFrom the beginning1 million halved to 500,000This is undoubtedly good news for the majority of applicants.
According to Malaysia's official data, the MM2H programme accumulated from 2011 to 2019A total of 35,359 applications were approvedA very important reason isThe application conditions are simple and the capital investment threshold is low, attracting a large number of overseas applicants.
Because of this,Malaysia My Second Home (MM2H) ProgrammeIn 2019, it was more than twice the number of approvals for EB-5 investment immigration in the United StatesBecame the number one global immigration program, where light isApplicants from China accounted for 35 per cent
But in July 2020, the MM2H project was suspended.
The reasons for this, Dahai also briefly analyzed, are mainly affected by the dual impact of the epidemic and the political struggle within Malaysia.
Due to the impact of the epidemic,On the one hand, in order to prevent and control the epidemic, Ma ** has imposed restrictions on the movement of outsiders；The peoples of the other sideIt also reduces the movement of movement to the outside world for its own safety.
And the earlier and more important reason isThe internal contradictions of the horse, Malaysia My Second Home has been experiencedManagement of the Ministry of the Interior and the Ministry of Tourism, Arts and Culture
As a result of these two divisionsThey all want to control the project and don't give in to each other, which also indirectly led to the Second Home ProjectAudits have become particularly demanding
From the data of 2019, it can be seen that in the second half of 19, Ma **90% of MM2H applications were denied, and in the pastThe rejection rate is only 10%.
When the second home program was restarted in August 2021, a clear division of functions was finally madeIt is reviewed by the Ministry of the Interior and promoted by the Ministry of Tourism, Arts and Culture, and at the same time improve the application conditions for the new deal.
I don't know if it was the courage given by their national treasure singer Liang Jingru, or the confidence of fascination after seeing the number of applications in the past, the application threshold for the second home has been greatly increased.
The most notable of these is the increase from a minimum of RM150,000 to RM1,000,000, and a liquidity certificate of RM350,000 to RM500,000 to a liquidity certificate of RM1,500,000. A large number of applicants were turned away at once.
The results are also evident in the Malaysia My Second Home program90% of applications**
It is precisely because of the severe reduction in applicants that Ma ** has the action of adjusting the second home plan again and greatly lowering the application threshold.
Malaysia is inherently availableWith friendly and gentle people, low cost of living, well-developed infrastructure, attractive natural environment, good investment climate, high level of education system and diverse culture, convenient visas and many other advantages, is listed as:One of the best countries to live in all of Asia
Since December 1 this year, China and Malaysia have officially achieved mutual visa exemption, and 2024 will also usher inThe 50th anniversary of the establishment of diplomatic relations between China and MalaysiaThe introduction of the Second Home New Deal at this time will undoubtedly attract the attention of domestic applicants again.
But there is one thing to note, this new dealThere is only a 1-year termIn the future, the policy may be adjusted according to the application situation, so for those who want to obtain Malaysian status, be sure to seize this opportunity and apply as soon as possible.
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