Reigniting MM2H

If Malaysia intends to be back on the international radar for investors, the revised MM2H programme must be reviewed and adjusted to be more attractive for retirees. — Reuters

THE Malaysia My Second Home (MM2H) programme, which was launched in 2002, hit a snag a couple of years ago when the government then decided to impose stricter conditions for foreigners wishing to make Malaysia their second home.

As we are aware, among the tighter regulation is the monthly offshore income requirement, which was raised from RM10,000 to RM40,000 per month, as well as the ability to exhibit RM1.5mil in liquid assets, compared with RM500,000 for those under 50 years of age and RM350,000 for those above 50.