You can find the table comparison here officialmm2h.com/ The information in the video was made based on available/latest information from MOTAC, Sabah Tourism and Sarawak Tourism website. For Sabah MM2H: simplebooklet.com/sbhmm2hbooklet#page=1 For Sarawak MM2H: mtcp.sarawak.gov.my/web/attachment/show/?docid=UUZZb2NRS2VRNVJoVklEWnBIM1dyZz09OjpZdNVNDdHkPInfNLtj0tun New updates for Sabah MM2H: 1. All applicants must purchase high rise property with minimum RM600,000 purchase price. 2. Not allowed to be used to work in Malaysia. Business investors are allowed.
Indeed, the requirements for transactions in USD and the specifics of the purchase agreement can be significant considerations for many potential visitors and residents. These policies are often intended to manage economic and market conditions effectively, but we understand they might not appeal to everyone. We hope for a balance that benefits both Malaysia and those wishing to come here.
Nice info sis but one correction. Children are allowed to study in primary and secondary school after getting MM2H status. Please verify and validate. Thanks
Why would retired North Americans take the huge risk to commit to restrictions on their finances with obligatory deposits and real estate purchases for only a five year visa when the government has a history of making constant changes that could make life even more complicated and messed up????
Your concern is valid and highlights a significant challenge for the MM2H program-building trust and stability for long-term participants. For retirees, particularly those from North America, committing substantial financial resources like fixed deposits and property purchases while only receiving a five-year renewable visa does seem like a high-risk proposition, especially in light of the program's evolving rules. Retirees are drawn to stability and the ability to plan their futures without fear of sudden changes. If the government can address these concerns and offer guarantees that protect participants' interests, MM2H could regain its appeal as a viable and secure retirement option.
@OfficialMM2HResources Excellent summary of the situation! And then if the climate situation could be made less hot and humid I'd be even more enthusiastic!
My question is about renewing after the initial term of the visa has expired? Specifically, I want to know if the Silver tier MM2H (5 years) is renewable more than once - especially with a mandatory real estate purchase? How many renewals are available, or am I done at 10 years (1 renewal)? Same question for Sarawak MM2H - how many renewals will be available? Thank you.
Silver Tier MM2H Initial Term: The Silver tier MM2H visa is issued for an initial term of 5 years. Renewability: The visa can be renewed every 5 years. There is no specified limit on the number of renewals, implying that the visa can be renewed more than once. Mandatory Real Estate Purchase: Participants are required to purchase and own a house with a minimum value of RM600,000. This purchase must be made after receiving approval for the program. Renewal Requirements: For each renewal, applicants must submit updated documents including a valid passport, medical report, and health insurance. The renewal fee is RM1,500 for the principal and dependents. Sarawak MM2H Initial Term and Renewals: The Sarawak MM2H program also allows for a 5+5 years term (initial 5 years with a possible extension for another 5 years). Renewability: Participants can renew their visa after the initial 10-year period as long as they continue to meet the program’s requirements. Mandatory Real Estate Purchase: Sarawak MM2H do not require applicants above 59 years old to purchase property, while applicants below 50 years old need to meet one of there requirements in Sarawak: property purchase (requirement to own a residential house in Sarawak with a minimum price of RM600,000 for Kuching or RM500,000 for other divisions), education for their children or long term medical treatment in Sarawak. Renewal Requirements: The renewal process involves submitting a letter of intent, the original and copy of the applicant's passport, relevant forms (IMM.55, IMM.38 if applicable), the latest certified fixed deposit statement, the conditional approval letter, and an original medical report with the completed RB II form for the applicant and dependents. In summary, both the Silver tier MM2H and Sarawak MM2H visas can be renewed more than once, and there is no fixed limit on the number of renewals as long as the participants meet the renewal requirements.
Nicely presented info, especially in the side-by-side comparison format. My hope is the Malaysian government locks these down and doesn't make any more changes. Stability of these visa program options is what will draw people in for the long term. Cheers 😊
They should have returned to the pre-2020 programs. The claims of excessive fraud and criminal activity by applicants was never documented and these new measures did little to deal with the reported issues. They needed to LaeGALLY and Formally protect those who xxx ame in on an older visa to have those same terms. The required property purchase requirement clearly will reduce applications. But. That only hurts small-scale Malaysian investors who bought a condo or house to rent it out. Because MM2H renters do not have equity on the property they actually are paying more into the economy than one that buys. That's income lost to the economy. If a MM2H applicant buys...that money (from abroad) goes to the developer. Then they rent or live in the property. If a foreigner rents that money may go abroad. If they latercsell, and withdraws their visa then the sale income also goes abroad (along with any remaining Fixed Deposit). Ultimately the renting MM2H recipient would put more money into the economy. In addition renters are almost certainly resident in and their domestic expenditures (earned abroad) also flows into the domestic economy.
The SEZ (Special Economic Zone) visa is a special visa option under the MM2H program, tailored to individuals interested in residing and potentially investing within designated economic zones in Malaysia. For a detailed overview and specific requirements, you can read more about it here: officialmm2h.com/mm2h-special-economic-zone.
The 30-day living requirement in Sarawak under the MM2H program is designed to ensure that participants genuinely reside in the state. While booking a hotel for 30 days might seem like an option, the authorities typically monitor compliance closely. Pass holders must renew their S-MM2H pass annually, which requires proof of residency. This can include documentation such as hotel invoices or other records, but the intent is to discourage temporary or insincere arrangements. Additionally, applicants must stay a minimum of 30 days each year in Sarawak to maintain their status, so regular inspections or checks could be part of this enforcement process
The information in the video was made based on available information here, both Sarawak and Sabah MM2H require fixed deposit in Ringgit Malaysia. For Sabah MM2H: simplebooklet.com/sbhmm2hbooklet#page=1 For Sarawak MM2H: mtcp.sarawak.gov.my/web/attachment/show/?docid=UUZZb2NRS2VRNVJoVklEWnBIM1dyZz09OjpZdNVNDdHkPInfNLtj0tun
The Sarawak MM2H Fixed Deposit is only RM150,000 (single) or RM300,000 (couple). The West Malaysian MM2H Tiered System denominates their FDs in dollars. The Silver Level requires a FD of US$150,000 (that's about RM 700,000). The Special Economic Zone also denominated their FD in US$. It is age graded. Those over 50 must submit US$32,000 (RM 150,000) or for under 50 it's about double that US$65,000 (@RM305,500).
@@tinglestingles Thank you for your feedback! Could you please specify which parts you found errors in? This will help us improve our videos. We appreciate your support in making our content better!
@@OfficialMM2HResourcesThanks for your confirming reply with regard to the FD in the Sarawak program. My other question relates to year round residence. My information to date is that the Sabah program allows one to reside only in Sabah, whereas the Sarawak program allows one to live anywhere in Malaysia provided one stays in Sarawak for 30 days per annum.
Property purchase in Sarawak is compulsory for those below 50 years old. Exception for Sarawak participants (30-49 years old), if participants children continue study in Sarawak or participants undergoing long term medical treatment in Sarawak.
By "availing themselves of government healthcare" do you mean FREE government healthcare? In that case NO. Only citizens and PR can do that. You never paid taxes. You can access government clinics and hospitals for a few. This is generally lower cost than private clinics but longer wait times. Those under 60 are required to obtain health insurance. The plan required is very basic and the coverage may vary by age, preconditions, and services desired. One also can access up to 40% of the Fixed Deposit for Health Care costs.
@@indianmomindubai6540 Thanks for your question! Healthcare is not free for MM2H visa holders; they are expected to have their own health insurance coverage. The MM2H program requires applicants to prove that they have medical insurance to cover their stay in Malaysia. This is an important consideration for anyone thinking about applying for the MM2H visa. It ensures that all participants have access to healthcare services without placing a burden on the local system.
At the 9 minute mark: "Thriving property market". What a lie, BS, big lie! Just had breakfast this morning with my Malaysian neighbor whose sister sold a 2600 sq ft condo at Mont Kiara Le Meridien in Kuala lumpur for RM 1.2 Millions although the 'book value' is RM 1.6 to 1.7 Millions Took her 2 years to sellit till she slashed the price. Another example: A 1000 sqft condo opposite Multi Media in Cyberjaya, Kuala lumpur was purchased for RM 300K and the owner has been advertising it for over 3 years and no suitable offer yet. He told me he would sell it even at 10% loss. s that a thriving property market? DO NOT F***G LIE!!!
Thank you for sharing these personal experiences and for your candid feedback. It's important to acknowledge the diverse experiences in the property market, and it sounds like there are indeed challenges that don’t always align with the notion of a 'thriving' market. Market conditions can vary significantly by location, property type, and economic factors, leading to situations like those you've described. We aim to provide a balanced view and appreciate your input as it adds depth to the discussion.
@@OfficialMM2HResources You bet but please check the figures before posting. There are so many properties / overbuilt which locals won't buy and as such the Malaysia government want foreigners to rescue their property sector. Common sense as Trump often said it lately.
You can find the table comparison here officialmm2h.com/
The information in the video was made based on available/latest information from MOTAC, Sabah Tourism and Sarawak Tourism website.
For Sabah MM2H: simplebooklet.com/sbhmm2hbooklet#page=1
For Sarawak MM2H: mtcp.sarawak.gov.my/web/attachment/show/?docid=UUZZb2NRS2VRNVJoVklEWnBIM1dyZz09OjpZdNVNDdHkPInfNLtj0tun
New updates for Sabah MM2H:
1. All applicants must purchase high rise property with minimum RM600,000 purchase price.
2. Not allowed to be used to work in Malaysia. Business investors are allowed.
The USD and puchase agreement are deal breakers for most people, good luck to Malaysia getting people to come there now.
Indeed, the requirements for transactions in USD and the specifics of the purchase agreement can be significant considerations for many potential visitors and residents. These policies are often intended to manage economic and market conditions effectively, but we understand they might not appeal to everyone. We hope for a balance that benefits both Malaysia and those wishing to come here.
Sabah program not released yet. Glad you got a different AI voice. Try the new Sonnet release of Claude for your scripts.
Hi, any news as to where and from whom the SEZ applicants are required to purchase property?
Nice info sis but one correction. Children are allowed to study in primary and secondary school after getting MM2H status. Please verify and validate. Thanks
Thank you !!
You're welcome! If you have any more questions or need further information, feel free to ask. Happy to help!
Why would retired North Americans take the huge risk to commit to restrictions on their finances with obligatory deposits and real estate purchases for only a five year visa when the government has a history of making constant changes that could make life even more complicated and messed up????
Your concern is valid and highlights a significant challenge for the MM2H program-building trust and stability for long-term participants. For retirees, particularly those from North America, committing substantial financial resources like fixed deposits and property purchases while only receiving a five-year renewable visa does seem like a high-risk proposition, especially in light of the program's evolving rules.
Retirees are drawn to stability and the ability to plan their futures without fear of sudden changes. If the government can address these concerns and offer guarantees that protect participants' interests, MM2H could regain its appeal as a viable and secure retirement option.
@OfficialMM2HResources Excellent summary of the situation! And then if the climate situation could be made less hot and humid I'd be even more enthusiastic!
My question is about renewing after the initial term of the visa has expired? Specifically, I want to know if the Silver tier MM2H (5 years) is renewable more than once - especially with a mandatory real estate purchase?
How many renewals are available, or am I done at 10 years (1 renewal)?
Same question for Sarawak MM2H - how many renewals will be available?
Thank you.
Silver Tier MM2H
Initial Term: The Silver tier MM2H visa is issued for an initial term of 5 years.
Renewability: The visa can be renewed every 5 years. There is no specified limit on the number of renewals, implying that the visa can be renewed more than once.
Mandatory Real Estate Purchase: Participants are required to purchase and own a house with a minimum value of RM600,000. This purchase must be made after receiving approval for the program.
Renewal Requirements: For each renewal, applicants must submit updated documents including a valid passport, medical report, and health insurance. The renewal fee is RM1,500 for the principal and dependents.
Sarawak MM2H
Initial Term and Renewals: The Sarawak MM2H program also allows for a 5+5 years term (initial 5 years with a possible extension for another 5 years).
Renewability: Participants can renew their visa after the initial 10-year period as long as they continue to meet the program’s requirements.
Mandatory Real Estate Purchase: Sarawak MM2H do not require applicants above 59 years old to purchase property, while applicants below 50 years old need to meet one of there requirements in Sarawak: property purchase (requirement to own a residential house in Sarawak with a minimum price of RM600,000 for Kuching or RM500,000 for other divisions), education for their children or long term medical treatment in Sarawak.
Renewal Requirements: The renewal process involves submitting a letter of intent, the original and copy of the applicant's passport, relevant forms (IMM.55, IMM.38 if applicable), the latest certified fixed deposit statement, the conditional approval letter, and an original medical report with the completed RB II form for the applicant and dependents.
In summary, both the Silver tier MM2H and Sarawak MM2H visas can be renewed more than once, and there is no fixed limit on the number of renewals as long as the participants meet the renewal requirements.
Nicely presented info, especially in the side-by-side comparison format. My hope is the Malaysian government locks these down and doesn't make any more changes. Stability of these visa program options is what will draw people in for the long term. Cheers 😊
They should have returned to the pre-2020 programs. The claims of excessive fraud and criminal activity by applicants was never documented and these new measures did little to deal with the reported issues. They needed to LaeGALLY and Formally protect those who xxx ame in on an older visa to have those same terms.
The required property purchase requirement clearly will reduce applications. But. That only hurts small-scale Malaysian investors who bought a condo or house to rent it out. Because MM2H renters do not have equity on the property they actually are paying more into the economy than one that buys. That's income lost to the economy. If a MM2H applicant buys...that money (from abroad) goes to the developer. Then they rent or live in the property. If a foreigner rents that money may go abroad. If they latercsell, and withdraws their visa then the sale income also goes abroad (along with any remaining Fixed Deposit). Ultimately the renting MM2H recipient would put more money into the economy. In addition renters are almost certainly resident in and their domestic expenditures (earned abroad) also flows into the domestic economy.
That's like asking for the sun to rise from the west 😂😂
What exactly is the sez visa?
The SEZ (Special Economic Zone) visa is a special visa option under the MM2H program, tailored to individuals interested in residing and potentially investing within designated economic zones in Malaysia. For a detailed overview and specific requirements, you can read more about it here: officialmm2h.com/mm2h-special-economic-zone.
Do you know how they enforce 30 days living requirement in Sarawak? Can someone simply book 30 days in hotel and not live there 🤔
The 30-day living requirement in Sarawak under the MM2H program is designed to ensure that participants genuinely reside in the state. While booking a hotel for 30 days might seem like an option, the authorities typically monitor compliance closely. Pass holders must renew their S-MM2H pass annually, which requires proof of residency. This can include documentation such as hotel invoices or other records, but the intent is to discourage temporary or insincere arrangements. Additionally, applicants must stay a minimum of 30 days each year in Sarawak to maintain their status, so regular inspections or checks could be part of this enforcement process
Other TH-cam posts have stated that both Sarawwak and Sabah MM2H require a USD$150,000 deposit not a RM150,0000 deposit.
Which is correct?
The information in the video was made based on available information here, both Sarawak and Sabah MM2H require fixed deposit in Ringgit Malaysia.
For Sabah MM2H: simplebooklet.com/sbhmm2hbooklet#page=1
For Sarawak MM2H: mtcp.sarawak.gov.my/web/attachment/show/?docid=UUZZb2NRS2VRNVJoVklEWnBIM1dyZz09OjpZdNVNDdHkPInfNLtj0tun
@@OfficialMM2HResources PLEASE check your videos before uploading!!! So many errors!!! Do NOT rely on AI to do everything - at least check it!
The Sarawak MM2H Fixed Deposit is only RM150,000 (single) or RM300,000 (couple). The West Malaysian MM2H Tiered System denominates their FDs in dollars. The Silver Level requires a FD of US$150,000 (that's about RM 700,000).
The Special Economic Zone also denominated their FD in US$. It is age graded. Those over 50 must submit US$32,000 (RM 150,000) or for under 50 it's about double that
US$65,000 (@RM305,500).
@@tinglestingles Thank you for your feedback! Could you please specify which parts you found errors in? This will help us improve our videos. We appreciate your support in making our content better!
@@OfficialMM2HResourcesThanks for your confirming reply with regard to the FD in the Sarawak program. My other question relates to year round residence. My information to date is that the Sabah program allows one to reside only in Sabah, whereas the Sarawak program allows one to live anywhere in Malaysia provided one stays in Sarawak for 30 days per annum.
In addition it is unclear whether a property purchase in Sarawak and/or Sabah is compulsory. Every TH-cam post I have seen tells a different story.
Property purchase in Sarawak is compulsory for those below 50 years old. Exception for Sarawak participants (30-49 years old), if participants children continue study in Sarawak or participants undergoing long term medical treatment in Sarawak.
Mm2h visa holder can avail government healthcare?
By "availing themselves of government healthcare" do you mean FREE government healthcare?
In that case NO. Only citizens and PR can do that. You never paid taxes.
You can access government clinics and hospitals for a few. This is generally lower cost than private clinics but longer wait times.
Those under 60 are required to obtain health insurance. The plan required is very basic and the coverage may vary by age, preconditions, and services desired. One also can access up to 40% of the Fixed Deposit for Health Care costs.
@@gerrelldrawhorn9292 yes
@@gerrelldrawhorn9292 yes.. Will healthcare be free for mm2h visa holder?
@@indianmomindubai6540 Thanks for your question! Healthcare is not free for MM2H visa holders; they are expected to have their own health insurance coverage. The MM2H program requires applicants to prove that they have medical insurance to cover their stay in Malaysia. This is an important consideration for anyone thinking about applying for the MM2H visa. It ensures that all participants have access to healthcare services without placing a burden on the local system.
U get free sudsidies foods, like cooking oil, sugar, flour, rice, milk powder, eggs, chicken meat and petrol r95.
At the 9 minute mark: "Thriving property market". What a lie, BS, big lie! Just had breakfast this morning with my Malaysian neighbor whose sister sold a 2600 sq ft condo at Mont Kiara Le Meridien in Kuala lumpur for RM 1.2 Millions although the 'book value' is RM 1.6 to 1.7 Millions Took her 2 years to sellit till she slashed the price. Another example: A 1000 sqft condo opposite Multi Media in Cyberjaya, Kuala lumpur was purchased for RM 300K and the owner has been advertising it for over 3 years and no suitable offer yet. He told me he would sell it even at 10% loss. s that a thriving property market? DO NOT F***G LIE!!!
Thank you for sharing these personal experiences and for your candid feedback. It's important to acknowledge the diverse experiences in the property market, and it sounds like there are indeed challenges that don’t always align with the notion of a 'thriving' market. Market conditions can vary significantly by location, property type, and economic factors, leading to situations like those you've described. We aim to provide a balanced view and appreciate your input as it adds depth to the discussion.
@@OfficialMM2HResources You bet but please check the figures before posting. There are so many properties / overbuilt which locals won't buy and as such the Malaysia government want foreigners to rescue their property sector. Common sense as Trump often said it lately.
Malaysia doesn't have mass migration programs like in the west and new condos are being built everyday so buying properties are huge gamble.
You lye again for your purpose!🤣☝️