Malaysia My Second Home (MM2H) Reopens! Old Program With NEW Rules That You Will NOT Like

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We have some exciting news! One of the most popular immigration programs in the world is finally back. Malaysia is reopening its MM2H program, and they've introduced some new rules that many don't like.
Interested in moving to Malaysia? Well, here is everything you need to know about the new MM2H (Malaysia my second home) program.
So what are the changes to the MM2H program?
First of all, they've decided to target higher-income individuals, so they've increased the amount that you need to put (and keep the entire time) in a Malaysian bank account in their currency. The amount that you need to tie down is around 250 000 USD.
Secondly, they now require a minimum income of around 10 000 USD per month, which is 4 times more than it used to be!
Thirdly, they've introduced minimum stay requirements which are now 90 days per year!
Besides this, they've introduced fees of around 5000 rm for the processing of the application. You also need to prove liquid assets of 1,5 million rm which is approximately 375 000 USD.
And possibly the worst change is that you can NOT apply for this program if you're under the age of 35!
If you're renewing your MM2H you will need to renew it under the new conditions, if you can't meet the new criteria your visa will not be extended under this program.
Also, it's important to keep in mind that even if you fulfill all the requirements this program DOES NOT lead to permanent residency or citizenship.
Who are we and what do we do?
We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
We have lots of interesting articles on different topics, we have relevant information up to date.
Author: Michael Rosmer
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[@tinglestingles]

My Theory - I think I now understand why this has happened... The MM2H was administered by the Minister of Tourism, Arts and Culture (MOTaC) and now it's been passed to the Ministry of Home Affairs of Malaysia. I think MOTaC very much focuses on tourism, overseas visitors, investments by overseas visitors, etc... whereas theHome Affairs Dept is only really interested in making sure there are no undesirables, borders are secure, no overstays, visa compliance, AND mitigating any possible security situations by foreign citizens. So, an easy way to remove undesirable foreign nationals who previously received the MM2H social pass (by the Tourist Authority) is to massively increase the requirements. No international outrage by foreign governments - Malaysia are just increasing financial requirements... That's my theory.

[@unknown0x0x]

This is a kind cheating because some people bought house using their majority of their life savings and now does not know what to do with it.

[@lerryperry]

Michael, thank you for providing this information. Unlike other Offshore Service Providers on KZbin (who obviously have an interest in promoting Malaysia) your presentation is objective and sensible. Could you do a video on other options available in Asia for those who no longer want to invest in Malaysia? Thanks in advance.

[@MichaelRosmer]

Thanks I'll see what I can create

[@lerryperry]

@@MichaelRosmer Thanks man

[@tinglestingles]

We've travelled to most countries in SEA but haven't found anything similar to Malaysia in terms of infrastructure, health services, cost of living, culture and levels of safety. Probably the closest might be Sri Lanka in 25 years - with a massive amount of investment?

[@MichaelRosmer]

@@tinglestingles I doubt you'll see Sri Lanka make it but we'll see. Tough to compete with. Some places are making an effort though so...

[@gerrelldrawhorn8617]

I think the Sarawak option might be a choice for some, especially those over 50. It seems that there is a loophole allowing travel and residence in the Peninsula. Only requires a 15 day stay/year in Sarawak, and that only if you intend to renew for a second 5 years. It would be more difficult for those under 50. You’d have to purchase at least a $150,000 property. But Sarawak has consistently grandfathered those on previous visa plans. And who knows if the new Malaysian Federal govt …the ones announcing this one just imploded…will keep the rules just announced. I don’t se how any of this helps the Malaysian economy recover. It sucks potentially $4 billion out of those fixed and other accounts which will affect the ringgit exchange market. It potentially puts thousands of residences on fire-sale, impacting the real estate market and discouraging construction and development. Investor confidence is weakened. Each of those actual long stay residents were like 50 short term one week tourists, bringing in $¥£€ from abroad and spending it locally. With a spouse that’s = 100 tourists, with two kids they are =200 tourists. And that’s projected out to 5 or 10 years once they are in…with zilch additional promotional cost. Every new recipient adds to the numbers. This was a golden-goose…and they not just strangled it. They stuck poison up its cloaca, tarred it, and blew it up with dynamite.

[@filipgs]

This is a very good, balanced, and objective look at the programme update. They essentially upped all the requirements offering nothing more in return, actually offering less since the visa is now a 5-year one as opposed to a 10-year one. I watched the Nomad update on this, and the amount of positive bias was hard to tolerate. It almost gave a propaganda vibe like he is getting paid by the Malaysian government (even though I don't think that's the case). You can be snobby and say that the new requirements are not that high, etc but it's about value, especially in comparison to what's on offer in other parts of the world. Also, regardless of what one thinks about the new requirements, it needs to be recognised that there are LOADS of people who built lives in Malaysia based on the MM2H program premise, that now will be effectively kicked out. Talking here mostly about pensioners.

[@tinglestingles]

I saw the comments on Andrew's NC channel - 500 plus comments very, very few agree with him. There's no way he'll want to stay 90 days every year in Malaysia! Why keep a million ringgit in the bank wasting away?? I suspect he will not renew when the time comes. A wind is blowing through the political world in Malaysia... may be news Monday.

[@filipgs]

@@tinglestingles it was actually very interesting on that aspect; he could say it is what it is, but did you see he actually tried to spin it as something positive that's it's a wise diversification strategy to keep some of your money in cash tied up in this programmme lol I was rolling my eyes so hard when listening to that.

[@johnnycage558]

The requirements is bullshit if you ask me, if I have Rm 40k/ month, I would choose Thailand or Vietnam over Malaysia

[@jonathanbartsch2938]

So sad about Malaysia, most dissappointed in all governments. Totally incompetent!

[@OffshoreCitizen]

Many of us are. What do you see as an alternative?

[@ferrantepaolo]

@@OffshoreCitizen Panama

[@johnnycage558]

Cannot agree more. Totally 10 steps backwards

[@GanJinLan]

Quite fast the whole world know our Malaysia situation but we Indian men have no problems with it and will survive....

[@edwest2263]

Thanks for the update. Welp, time to scratch Malaysia off my countries-to-see list.

[@OffshoreCitizen]

You're welcome!😄 What other countries are on your list?

[@edwest2263]

@@OffshoreCitizen Only Thailand now.

[@BoBurson]

Great video. Thanks. I love Malaysia but these changes take it off table as a long-term option for me.

[@OffshoreCitizen]

You're welcome! Do you have a plan b?

[@Jeff-sm8of]

Problem with investing in Malaysia is the federal government who flip flop like roti chanai. Must always have an exit strategy. And there is a loop hole s-mm2h which is less onerous and allows me to live in peninsula Malaysia.

[@dry5555]

Are you worried about West Malaysia closing that loophole?

[@teslabullsingapore8656]

Government is delusional, people having offshore 10000$ a month would not stay in Malaysia, they can live happily in most of developed countries.

[@OffshoreCitizen]

Seems like it. Were you ever considering Malaysia?

[@teslabullsingapore8656]

@@OffshoreCitizen Will see, Im still at my 30s, maybe after 50s if I see the the idiots running the country grow up a bit.

[@patienceisalpha]

Great example of going from one of the best program to one of the worse. Programs like that starve on stability. They did not let mm2h holders in during covid and they are still banning multiple countries passport holders, yet they expect these guys to shove 250k in a CD labeled in a currency that lost 25% in the last 5 years. Tell me why anyone who can spend 10k/month would do it in Malaysia. While you can, you don't want to be the only fool who does so. The UAE or Thai Elite are just way more stable. Great example of politicians doing politics

[@MichaelRosmer]

Yeah it's too bad, lots of potential squandered

[@gu411230]

Doesn't that just sum up their mentality? Bizarre to say the least. Pay more get less and we can change whatever we like whenever we feel like it. It will certainly do great harm to what was a very workable program into an extinct one.

[@miosylvester225]

This is helpful, thank you. I've had a MM2H visa for 10 years and unable to renew because of Covid lockdown/ inability to travel and was waiting for reopening to renew under the old rules. The great advantage of MM2H was that it was cheap and easy to get the visa as a "back-pocket" retirement option and I was looking to use it in the next couple of years. I'd be happy to be grandfathered in under the old rules but the new rules are over the top and unattractive, imHo. I could comply with the new rules but I've no intention of doing so for the reasons you outline. I don't want to keep too much capital in MYR but happy to pay my way/contribute while I'm living in the country. The real estate market in prime areas - Penang - always seemed overpriced and bloated by Chinese capital so that the own/rent ratio always favoured renting over buying. Moreover, if I want to spend 90 days in the country I'll now go the tourist visa + extension route but looks more likely that Thailand will win my future business!

[@OffshoreCitizen]

All valid points! Are you considering any other countries, besides Thailand?

[@tinglestingles]

Have you thought about the Sarawak MM2H?

[@miosylvester225]

@@tinglestingles Sorry no knowledge, I’m afraid! I use an agent in Penang who is very user friendly and helpful. They say these new regs were made without any consultation with property developers, banks etc and will receive pushback from them but I’m not holding my breath!

[@miosylvester225]

@@OffshoreCitizen Philippines for dating but need to explore as not yet been. Might be too underdeveloped for my taste which is why I’ve really only considered Malaysia and Thailand as good value and liveable places to retire.

[@tinglestingles]

@@miosylvester225 Look it up on KZbin - there's a video explaining the process.

[@AG-so4gl]

I'm EP holder in Malaysia, they just lost my business. Thailand will be the big winner here, and now on my shortlist too. The more affluent don't come to Malaysia, Government is chasing the wrong market, big mistake. I think Sawarak MM2H still remains reasonable program, on old requirements?..

[@dexterspeights3484]

Thailand beats Malaysia hands down if you are a single guy with cash and global mobility!

[@khaizoom7002]

I believe a lot of people have lost trust in the Malaysian govt after they made the changes retroactive. Also, some of the new requirements are straight up nuts.

[@MichaelRosmer]

Agreed the retroactive in particular is a terrible idea

[@fredriksmedberg8097]

@@MichaelRosmer indeed. I would completely understand and respect if a government change the rules of the game for newcomers, but to retroactively change the rules for the something ~50k visa holders will only tell the world to be very careful for any long-term planning regarding that country and its government. What's next? 5-10 years from now they decide to confiscate bought properties and parked money for the visa holders and deport them?

[@buburbibik]

The home minister just announced that existing mm2h holders only need to meet 2 of the new requirements which is the rm500 fee and minimum 90 days stay. That should be a great relief to everyone!

[@InternationalBigshot]

The current HM will say anything. Do not trust him. This entire calamity is his doing. If you cannot meet the new requirements, get out as soon as you can. Don't wait for good news.

[@kayellai5278]

A good comment from a foreigner. Definitely MM2H is due for revision because it is 20 years old. I understand the issue of present holder of MM2H, I hope the government will come out with a reasonable solution. I am more keen to state that for new applicants, changes need to come. Economic reasons it must change, first it is 20 years old, secondly we have to factor in the inflation and thirdly because of the devaluation of Ringgit, MM2H becomes dirt cheap. Malaysia has more value now, as Malaysia infrastructure is much better now compare to 20 years ago. If you live in Kuala Lumpur, it is close to a developed country. As I said for new applicants but I still think the changes is too drastic and a little on the high side. I hope the government will make some adjustment to have a win-win outcome.

[@OffshoreCitizen]

We are hoping for that too. Are you in Malaysia now?

[@kayellai5278]

@@OffshoreCitizen Yes, I am. It is good for MM2H holders to give constructive feeback on the changes. It is even better to acknowledge the need to increase application fee which you did. Host country will always has the last say, why do any foreigner want to challenge it abusively and aggressively, it will get you nowhere. Looking at most of the comments here, they are very rude indeed. Can't blame them because they were control by anger. Hope the government would make changes to the existing MM2H holders. I can't say the same for new applicants because it is dirt cheap for the old policy and there is a long queue for it.

[@brp361]

Offshore Citizen > Nomad Capitalist

[@chrish.4729]

Totally agree!

[@Cybertokyofilms]

Thought the same

[@libertarianspirit]

The only good option in Asia is Thai Elite Visa. All other programs in Asia has too high requirements for dead end residency permit. Overall, prices for such programs increase everywhere (including Europe), so it’s harder and harder to get out of employment visa slavery (and if you don’t want to be screwed by your government of citizenship). Quite depressing to see this.

[@AG-so4gl]

Agreed Thai Elite

[@p.a.ch.3861]

@@carstensanonym7527 we should compare apple to apple. the new mmfh programme is definitely not competitive

[@SolOInvictus]

What do you think of Philippines SIRV ($75k investment in a business or equities, infinitely renewed if investment is kept, and territorial tax for non-citizens)?

[@fazbell]

The Thai Elite Visa is a millionaire's visa which is not worth the paper it is printed on. Paying ridiculous prices for a visa that restricts you in any way is a non-starter.

[@tinglestingles]

I clicked like but didn't like the message! I read it was more political than economic. Blame ex-pats and foreigners for societal woes, not sure that ever ended well. I'm far too emotional about this subject...!

[@chommellychommel132]

I believe this is because the majority of people who have joined this MM2H are actually from China instead of Westerners. The government is trying to reduce the number of Kiasu Chinese who are purchasing excessive properties here. Nevertheless, they cannot make restrictions only to those from China. Instead, they generalize to all. Similar things happen for 90 days visit where there are too many China people come to Malaysia and work as prostitute which is illegal by our rule. Prostitution is just tarnishing the country's image. Don’t worry about this, it will be changed once the government changed.

[@MichaelRosmer]

Yes there's plenty of talk about the backlash against the Chinese, doesn't sound like it will end well in the short to mid term. Over time can you resist the Chinese wave?

[@tinglestingles]

@@MichaelRosmer Portugal seems a lot less hassle compared to Malaysia and the South China Sea at the moment!

[@tinglestingles]

@@chommellychommel132 good info! It hadn’t occurred to me that this was the cause - I’m unfamiliar with Malaysian politics

[@MichaelRosmer]

@@tinglestingles yeah the problem is they aren't really comparable places. Taxes are very different, conveniences, weather etc

[@dexterspeights3484]

Thailand's current visa program is going to generate more money than Malaysia's new visa program because it is cheaper and have less draconian restrictions!

[@kayellai5278]

Yes, you are right about that. Still, there will be people choosing Malaysia. Malaysia is top rated for retirees to stay.

[@balibule]

Malaysia thinking they are more like Singapore and able to be ubber selective than they are. It would be interesting to investigate under what circumstances the government is allowed to confiscate the "security deposit".

[@MichaelRosmer]

Yeah very scary in these regards they definitely need a regime change

[@mamat1773]

@@MichaelRosmer Do you think my country is a failed state? just asking

[@HunkyMan777]

Malaysia was a good option. They messed up Labuan and now MM2H. Bad decisions

[@OffshoreCitizen]

What's an alternative?

[@nijamase]

My hot take is that this change is nothing but an attempt by the ruling Malay to slow the influx of Chinese into Malaysia. Anyhoo... As long as you are fit enough to travel and don't need a fixed address then you can still stay in "low cost" SEA using visa waivers and 90 days visas. I rather pay $150 in different visa fees and switch country every 90 days than being forced to deposit X amount of cash in a local bank or buy a multi year visa which terms might change next year. This might of course change as I get older but by that time the visa rules will have changed multiple times so no use to worry about that now.

[@tinglestingles]

Which countries will you rotate around? We liked Vietnam.

[@tinglestingles]

We really have to ask ourselves if we are serious about wanting foreigners to make Malaysia their second home. We simply cannot formulate policies based on whims and fancies. After all, silver-hair programmes are not unique to Malaysia. - The Edge Malaysia Weekly.

[@nijamase]

@@tinglestingles Malaysia, Thailand and Vietnam. And possible a month or two in a fourth country or visit friends and family "back home" before returning to Malaysia.

[@maxrebo8455]

It is important to bear in mind that the Malaysian state of Sarawak has their own immigration policy and retains their version of MM2H which remains much the same as before. Not some outrageous cash grab.

[@InternationalBigshot]

For now. There is pressure by peninsular Malaysia on Sarawak to change their program. You're right about the program being similar to the old MM2H. What makes Sarawak's visa attractive is that it allows you to live anywhere in Malaysia. But, like I said, this may change.

[@ridhuanrizal9696]

Perfect timing, Government just resigned. Hoping for a general election.

[@andrewb5004]

I think the higher age requirement and some of the other requirements were to eliminate Chinese nationals of military age. I think this is the main reason the program was put on hold due to the shear number of that demographic and the contested South China sea issue. Philippines stated this explicitly this was the reason for them to suspend their retirement visa but Malaysia is smart not to make that statement openly. I'm sure there are other issues.

[@kayellai5278]

Good conspiracy theory to ponder on. The elites of Malaysia would prefer people of certain religion and skin colour to be given priority. They would even throw in a FREE citizenship, if are you able to scratch their back.

[@lindadorman2869]

As a 60-yr old planning to retire to Penang in 2022, this new program won't work for me at all. I'm ok with raising processing fees and 90-day stay, but even if I met the savings criteria (which I don't), there's NO WAY I'll have 40,000RM ($10,000) a month from Social Security benefits, pension and investments! I might still visit for a couple of months under a tourist visa but now I'm planning to relocate to another country in Asia or Europe. Really poor decision that will no doubt drive a lot of retirees who can support themselves and contribute to Malaysia's economy out.

[@OffshoreCitizen]

Understandable. Have you seen our video about the possible alternatives kzbin.info/www/bejne/foTVqqaDoMiLas0 ?

[@tinglestingles]

Portugal is our option.

[@PatOHehe]

I have been eyeing the program for a while and was looking forward to it. So sad I can't apply anymore

[@OffshoreCitizen]

Have you seen our video about the alternatives?😄

[@kayellai5278]

Yes, most foreigners are eyeing on it because it is dirt cheap! The old plan is 20 years old and have not been revised until now.

[@tonythaiger93]

90 day tour visa to live Airbnb 2-3 months out of the year seems like a plan

[@WestCoastAce27]

Yep. No way I’m setting up my business there.

[@ross1972]

Go where your treated well. Thats obviously not Malaysia any more.

[@OffshoreCitizen]

What's an alternative for you?

[@ross1972]

@@OffshoreCitizen Thailand I guess

[@successphilippinestv7633]

Hi Michael! Does getting the MM2H 10yr multiple entry visa mean you also get the Malaysian passport?

[@cookmaster3626]

To spend $10K per month in Malaysia would be an impossible task. What is the point for that minimum.

[@tonythaiger93]

Thanks for listening to my comment!!!

[@OffshoreCitizen]

You're welcome! Always our pleasure What next?😄

[@edwardlumsianming3430]

It is never about the people but the economy, finance and politics

[@ians3859]

As someone who visited most Asian countries for business before I retired, you have to be sceptical of any promises made including the ongoing promises of Visa rules. They have a different mental attitude then westerners. Admittedly a broad generalisation but this action and similar ones in the past from Thailand and Indonesia show that they can't be trusted. I don't understand why North Americans travel that far when you have places like Panama and Costa Rica very affordable and safe retirement destinations only a couple of hours flight away. Michael, I have only recently stumbled upon your channel and you have an in depth understanding of all things offshore which I really enjoy viewing. Maybe sometime you could give us your opinion of some Latin American countries as retirement destinations.

[@tinglestingles]

I'm uneasy about S-MM2H - they could just change the program at any time and maybe retrospectively??

[@JPGraf]

Fully agree with you

[@gu411230]

That's a warning sign of an 'unstable' country.

[@MichaelRosmer]

Yeah that's a risk though probably safer than the current one which we know isn't so great

[@filipgs]

I agree with Michael here. If you read about the Sarawak government, it's been much more stable and sensible than the Malaysian government. MM2H gain is their loss which my sourcues told me they recognise and they have a fair degree of autonomy as a region.

[@dry5555]

@@filipgs Sarawak looks much better. My only concern is West Malaysia closing the backdoor (i.e. not allowing S-MM2H holders to reside on the peninsula.)

[@MC-nu5bl]

New rules should never affect existing MM2H holders, even when renewing should follow the old rule, now the trust is completely gone! How can the gov persuade new comers to believe they are being protected? who would like to apply now, settle down for retirement life, and still have to worry being kick out of the country later, simply because they don't have the fat pay cheque every month. Plus, imposing living requirements but couldn't lead to permanent residence or citizenship, this is the first.

[@emmanueljames2487]

The advantage I see in Malaysia over Thailand is there is no capital gains tax on bitcoin.

[@healingvibes23]

i have one question.if someone already got mm2h visa 6 year ago and it expieres in 2026. .then this 90 days rule in a year applies for this existing mm2h visa holder too?or it will start from 2026 when he will renew?

[@rakibullahsazib1268]

Under new conditions they should have provide Dual citizenship. This is too much for 5yr visa with added conditions

[@Jun-mn9qh]

This changes to new applicants at least fair as they can make decision to come or not but applying this new criteria to existing members are not appropriate especially to those who have children studying here and property and due to renew this year or next year. You can't sell your property in a few months time and can't relocate children in short period of time. Under new criteria many won't qualify n greatly affected. I am one of them. I am now regretted, I and my family feel extremely sad and no word when heard the news. We very much feel this new rules are beyond our means and has stressed us. I hope concerned authorities will reverse the decision to existing mm2h participants or give at least 2 or 3 years warning to settle things out before leaving Malaysia.

[@Bri-wi8kq]

Thank you Michael for another interesting video.

[@OffshoreCitizen]

You're welcome! Have you seen a follow up video on this topic? We talked about alternatives to this program

[@Bri-wi8kq]

@@OffshoreCitizen No must have missed it, I'll have to chase it up. Thanks again Michael.

[@syarfjehan7202]

I wouldn't be surprised if anyone wouldn't visit my country anymore

[@jaws7794]

why is sarawak MM2H different than recent changed MM2H ? it seems to be different per region?

[@peaceonearth8693]

If it doesn't lead anywhere; residency. They don't really want you.

[@OffshoreCitizen]

Unfortunately this is what it seems like. Seems like foreigners are not really welcome at the moment.

[@dr.honorable141]

When an official program becomes quite successful and is so much promoted then greediness takes over.

[@OffshoreCitizen]

Exactly. Were you planning to apply?

[@dr.honorable141]

@@OffshoreCitizen noo, I"m ok with Bulgaria, I am entitled to a C tier passport through decent, that' s my fun project for now...

[@genzod7940]

With this kind of requirements why would someone even bother to move to Malaysia? There are way better places to live with such and less requirements, places with less corruption, stable currency, better financial and banking system, better infrastructure, more freedom and democracy, stable government etc... Malaysia? they can keep it.

[@OffshoreCitizen]

What better places would you recommend?😄

[@tronwars7130]

It means many will leave, maybe go to Cambodia, Philippines or Thailand

[@OffshoreCitizen]

What country would you choose?

[@tronwars7130]

@@OffshoreCitizen Thailand is maybe the easiest but people aren't friendly like they use to be and sometimes the gov has been a little hostile to foreigners. I actually like Japan, modern, good food, fairly stable. But it's not easy to get in and stay long term I think, a lot of cheap homes there though to buy, sure not an ideal investment but on the outskirts of Tokyo it isn't a big investment to own your own place.

[@buburbibik]

The pm and whole cabinet just resigned today. The new government may just u turn and reverse the new policy. Just wait and see

[@OffshoreCitizen]

That will be interesting to see. What do you think about the changes to the program?

[@buburbibik]

@@OffshoreCitizen I think it is not competitive and most of the retirees can't meet the new requirements. Not sure what the minister in charge was thinking. Just like the covid sop, the previous government likes to do things as they please then u turn when things don't work out. Hope the new government will listen to the views of the mm2h holders and either reverse it or tweak it to be more competitive. If there is enough backlash the new government will probably u turn and maintain the old policy because they can't afford to let the economy sink even further

[@flyingfrog8848]

I’m doing a live on youtube on this topic “ Why the Malaysia Government raised the requirement sharply - What is the reasons behind it “ unfortunately it is in Mandarin.

[@tinglestingles]

That may give you an answer

[@benjaminchew2477]

Thats what happens if you have old people running the country. The younger generation has no chance

[@tinglestingles]

I hate old people!! I am old but I still hate them!!

[@christopherchapman6226]

Sarawak has yet to change its policy except holder must spend a certain time in Sarawak

[@LittleMissSquirrel]

maybe Sarawak version of MM2H would be something that could help out the people who can't afford the federal one.

[@zzzowie]

I am Dutch, meet the criteria, except that I don't have 10000 usd/month income in the last year from work every year, for example in 2020 much less. But I am quite wealthy, I had much more than >120K usd in capital gains from my investments. Does that also count? And is it only for past income or also for the future? I plan to retire and my income is from capital gain on investments. How else to deal with this?

[@GUITARTIME2024]

Dude, just live in Portugal. I flew Eindhoven to Lisbon. Easy breezy.

[@Nicolas-th1dm]

I was really happy to have met the requirements for the previous MM2H program this year and will probably reach the financial ones of the new one soon but 35 years is more than a decade away... Will probably still go there multiple month a year with the 90 days tourist visa but I was planning to have it as my primary base On an economic perspective this decision just doesn't make sense for Malaysia. Billions of ringgit will now leave the country where billions more could have entered...

[@MichaelRosmer]

Yeah it's stupid from the perspective of bringing in capital

[@tinglestingles]

25 years old and able to live on the old MM2H requirements? GREAT!! I suspect by the time you are 35 you will be better off in Singapore!!

[@amandajunematthews6823]

Well this is dissapointing on so many levels... Thank you for the update

[@OffshoreCitizen]

You're welcome! Were you looking to apply?

[@amandajunematthews6823]

@@OffshoreCitizen Yes, but not anymore. I had met all the requirements before and was waiting for the travel ban to lift, but this new set of regulations is impossible for me to meet. So, this is disappointing on so many levels for me.

[@nineseven420empire3]

There goes part of the condo market.

[@tinglestingles]

Thanks - succinct and to the point. I'm unsettled about the RM1m on deposit. I do like the idea of a possible political change and gambling with a condo purchase. Be greedy when there's blood on the streets! My wife has a very different view... if the government can radically change their minds perhaps foreigner property rights may be worth as much as their past MM2H agreements ('grandfather' past MM2H holders)?

[@thinkingaloud5379]

I understand the conditions are clear that the requirements for the 10 year permit are only for that period and upon its expiry,the permit holder can apply to renew but it will be subject to new conditions.10 years is a long time and given inflation and change of circumstances, it is unsurprising if the income amount and the deposit are revised upwards. This is similar to retirement schemes in other countries. It will only be unfair if the conditions are changed during the 10 year period.

[@SaadonAksah]

wow! thailands programme sounds more competitive!

[@MichaelRosmer]

It is indeed, too bad Thailand is much less liveable and more expensive

[@stmpo5595]

@@MichaelRosmer Thailand is more expensive than Malaysia, are you sure about that?

[@kayellai5278]

@@stmpo5595 Yup, Thailand smuggle Malaysia products over. Malaysia is well known as a subsided nation. Most basic raw materials are subsided and control by the government, eg. petrol and cooking oil to name a few.

[@fffhhh3548]

Hi .how can i get apply for smm2h .do you know a office or agents for that. Thanks.

[@OffshoreCitizen]

You can reach out to us through one of our websites and we'll be happy to assist 😊 offshorecitizen.net/ www.offshorecapitalist.com/

[@sammyau2630]

For the same terms, would there be no better places to go besides Malaysia? Is there no choice for the valid candidates?

[@properpolymath2097]

$10,000 a month income, that's mad

[@cf611031]

U-Turn of policy is the norm during pandemic in Malaysia bcoz their mind have gone haywire

[@alexcheng3575]

Why everything related money and survive anything related money for flooring, Investor and foreign require

[@willembont4790]

Change happened. Now we wait and see. Thanks for sharing your views. Old rules were indeed acceptable; the new rules are not.

[@OffshoreCitizen]

You're welcome! Anything else you'd like to see?

[@deandut]

Malaysia lifting an ever larger stone that will smash its own feet

[@OffshoreCitizen]

It seems like it. How did you like the video?

[@kayellai5278]

LOL. Nah....less income but not till smashing its own feet. I like your exaggeration thought.

[@tinglestingles]

My conclusion is... Those who no longer can meet the requirements will not apply or reapply. Those who can meet the requirements will not apply - tying up MYR1million seems ridiculous plus the 90-day annual stay requirement seems bizarre too.

[@OffshoreCitizen]

Any alternatives you know of?

[@tinglestingles]

@@OffshoreCitizen I saw an article where it said MM2H holders should go to Portugal and invest.

[@neale3871]

Agree with most of his comments but not the RM40k pcm being OK. It's a massive hike and a huge amount for a programme of this type. For those familiar with cost of living in Malaysia where shall I spend 1,333 Ringgit a day? That's an eye watering amount per day.

[@tinglestingles]

Yes, it's a bit strange - they do not stipulate that the money has to be spent. Also, does the MYR40,000 even have to pass through a Malaysian bank account monthly??

[@bill_veteran_freedom4822]

I’m one of those that’s not happy and view it as a really bad decision. They went from my top choices once things reopen. To being removed completely as an option for where to relocate.

[@OffshoreCitizen]

Have you seen our video on possible alternatives?😄

[@bill_veteran_freedom4822]

@@OffshoreCitizen I have and Malaysia still remains completely removed from consideration due to these changes. I know several people currently there who won’t be renewing their visa’s and will instead be selling and exiting. So with theses poorly decided changes they’re going to be losing many existing retirees and also losing future potential retirees who will now just choose somewhere else instead!

[@JEENAKKA]

To hell with the revised MM2H. I'm off to Thailand.

[@Bri-wi8kq]

How does this compare to the Sarawak MM2H Michael? I've heard from a few ex-expats that it's cheaper, somewhat more lax and may be a good alternative to the "new MM2H"? Thailand has its challenges too. Most of the Aussie Boatbuilders have left Thailand for Vietnam. A friend of mine was identified as a "whitie" beaten to an inch of his life by local kickboxing thugs and returned to Oz with a half-built 50ft cruising catamaran decaying in a boatyard accruing huge fees.... For part of the year I really like Sarawak, the sailing is stunning, the people are so kind, the food's wonderfully hot and Sarawak is an adventure addict's Mekka! Is the Sarawak MM2H another program to be closed upon the whim of the new change in politics or is this something Michael one can rely upon, plan towards? Thank you Michael for another interesting video keeping us up to date with the latest changes.

[@clistens4102]

Hmmm…doesn’t sound good. My focus is back to Thailand and Philippines now. Can you make or do you have any videos on long term visa via property investment in the Philippines? Thanks in advance.

[@MichaelRosmer]

I'll see about creating something. To me Philippines isn't an equivalent place to live though

[@paulmangat4131]

Good way to have people loose faith in anyone considering investing in this program. No faith in any consistency in this program moving forward.

[@OffshoreCitizen]

Are you considering any other countries?

[@paulmangat4131]

@@OffshoreCitizen Thailand is an obvious alternative in that area of the world. But I've been interested in south America recently, Ecuador in particular seems interesting. I will be heading there in about a month to explore.

[@listlings6738]

What are the alternative options we have from countries other than Malaysia ?

[@MichaelRosmer]

Depends what kind of place you want to live. Thailand for instance has a good program but living there is quite different from Malaysia

[@dragunus]

V sensible comments n agree d new program is bonkers..does not promote Malaysia.

[@OffshoreCitizen]

Have you seen our video about the alternatives?

[@beanondaddy3397]

Thailand and turkey seems good from what you are saying.

[@Boleh888]

When the nation start to progress, so many people want to 'legally' control it at any cause... those in power also have to a retain their power at any cause...

[@Paul-nm9yb]

KPMG's great advice, typical non thinking auditors

[@tinglestingles]

Like most governments/companies they pay a high price for consultant's advice then ignore it.

[@neale3871]

I suspect KPMG's advice was ignored. Based on comments made by people who were at the Focus Group.

[@unknown0x0x]

A lot of people will be moving to Thailand

[@OffshoreCitizen]

What about you?😄

[@unknown0x0x]

Is soon as I sell my house , I will move to my mother land or another country

[@1993Topg]

I knew it this would happen thats why i did not let my father to invest in properties in malaysia

[@toneysunny9283]

I think the new requirements will stay at least 1-2 years. Once the govn't realizes very few are applying, it will change again.

[@MichaelRosmer]

That could be, also depends on the self interest of the government

[@stmpo5595]

It might change real quick after resignation of Prime Minister tomorrow

[@gecko2000405]

I disagree. The program is INSANE. You can get permanent residency in Mexico fairly easily and get a six-month tourist VISA hassle-free if you live in the States.

[@OffshoreCitizen]

Are you also planning to do so?

[@gecko2000405]

@@OffshoreCitizen when I retire

[@azmiadnan2161]

They have to tweak it to prevent dubious residents from East Asia

[@edwardlumsianming3430]

So property market price drop ?

[@bayumalam7096]

We welcomes bonafide tourists. How about Tel Aviv as your new home?

[@OffshoreCitizen]

Can you tell us about Tel Aviv?😄

[@manmoujimanus2209]

What about Sarawak MM2H program ..?

[@robster7012]

Mexico it is then 😎

[@OffshoreCitizen]

Viva la Mexico🥳🇲🇽

[@Yasin_Affandi]

Thanks for this wonderful video n thanks for sharing d MM2H program. I wonder why d tighter conditions r being introduced. D first MM2H was more attractive for foreigners.

[@MichaelRosmer]

They expressed concern about the % of the population that are foreigners, in particular there has been backlash against Chinese, though there could be other drivers

[@tinglestingles]

@@MichaelRosmer are we talking about some sort of economic invasion? Or potentially a covert military one? Or is it my tinfoil hat is showing?

[@MichaelRosmer]

@@tinglestingles honestly I think it's mostly a form of racism or nationalism... Exactly the sort of thing France didn't have

[@tinglestingles]

@@MichaelRosmer many, many people are very interested in Malaysia - I’ve noticed your recent most viewed video reflects this. It’s a great shame but shows no government can be trusted - ever!

[@MichaelRosmer]

@@tinglestingles yeah very important reason the first thing you need to do when establishing any government is to apply checks, balances, and limitations

[@kippsguitar6539]

Nonsense for most people

[@adejareolaiya707]

What is going to happen to my property?

[@bbrebozo6417]

Malaysia has been ruled by parliamentary coalition governments for a long time. They have a large number of political parties and voters are loyal to the party they have voted for before (sort of like sports team loyalty). Instability is what you get from such situations because parties that are junior partners in a coalition can’t resist the temptation to double cross the party that leads the coalition government. In contrast, Singapore is a stable, one party rule situation so that’s why that country is more stable (and thus a better place to invest).

[@OffshoreCitizen]

Thanks for sharing your insight! Are you planning to go to Singapore?

[@brp361]

I really wonder what's going on over there in Malaysia, the country doesn't seem in a good place at the minute. These changes are baffling. Kind of smacks of them not wanting to open it at all, and "reopening" with onerous and unattractive terms so nobody applies. I find it to be overrated place anyway. At least I wasn't so impressed when I was there. Quarter of a million in a risky EM currency? Yikes. No thanks.

[@mr_goodbarsstockmarket4327]

Malaysia is among one of the best country on earth, but that can easily change in a flash if they don’t get someone in power that thinks like Singapore, or even Vietnam (which is changing in the right direction). I prefer Malaysia because it’s people are nice and it’s halal and English. But man the government are bunch of Dinosaucer waiting for existence. I lost over $2500 on my application and now I won’t be able to meet the new requirements. I am middle class person, honest and hard working. All well, I am not interested anymore. Thanks to the government of Malaysia.

[@OffshoreCitizen]

Sorry to hear that. Have you seen our video about possible alternatives kzbin.info/www/bejne/foTVqqaDoMiLas0 ? Let us know how you liked it☺

[@Gemashero795]

Smart G'ment put the best brain to manage the policy so that to save from embrassment but Msian Gment do other wise. May be Msian Gment don't know what is "embrassment"

[@davidarnold3816]

Are the requirements the same for married couples or is there even more money involved?

[@tinglestingles]

The announcement didn't go into detail.

[@Mrlagooon]

Is there any such programs in Morocco 🇲🇦?

[@ckchoo1109]

Who would want to come to Malaysia when the covid is the worse per capita recently globally.

[@travist2176]

You look like you could be brothers with the Nomad Capital guy 🧐

[@toshinya]

fear not or less the gov is changed as well as the silly regulation

[@lukegarcia3238]

Am I the only one who actively avoids middle eastern / Islamic countries? ...... Not for me thanks

[@OffshoreCitizen]

Have you ever visited one?

[@tinglestingles]

Turkey is really nice. I like Istanbul a lot. The people are so friendly.

[@lukegarcia3238]

@@OffshoreCitizen No but I live near a hugely Islamic part of London and its awful