Nearly 90% of MM2H applications approved

A TOTAL of 1,905 of the 2,164, or 88%, applications for the Malaysia My Second Home (MM2H) programme were approved between November 2021 and the end of September this year, says Tourism, Arts and Culture Minister Datuk Seri Tiong King Sing.

“To make the MM2H programme more interesting and competitive, the Tourism, Arts and Culture Ministry, together with the Home Ministry, is always revising the terms and conditions of this programme,” said Tiong in a written reply in the Dewan Rakyat dated Monday.

For the Premium Visa Programme (PVIP), Tiong said 57 applications were processed, 28 were approved, and the remaining 29 applications were recommended for approval.

“PVIP is under the purview of the Home Ministry and the Immigration Department,” he added.

Tiong was responding to Yeo Bee Yin (PH-Puchong), who asked Tiong to state the number of applications and approvals under MM2H and PVIP.

In August 2021, Putrajaya announced new conditions for the MM2H programme, including the requirement for applicants to have permanent savings of at least RM1mil and a declaration of liquid assets of at least RM1.5mil.

MM2H applicants would need an offshore income of at least RM40,000 a month, up from the RM10,000 per month required previously.