KUALA LUMPUR, June 7 — In just a year the government managed to generate close to RM1 billion of net income through the Malaysia My Second Home (MM2H) programme, the Home...
KUALA LUMPUR, June 7 — In just a year the government managed to generate close to RM1 billion of net income through the Malaysia My Second Home programme, the Home Ministry said.
“In just one year, we touched close to RM1 billion, compared to RM1 billion generated in five years previously, that’s the difference,” Saifuddin told the Parliament today during Question Time. Saifuddin said within the period of five years between 2015 and 2019 prior to the Covid-19 pandemic, the total number of applicants was 3,900, and the country recorded an income of RM958 million.
In August 2021, the government announced new conditions, including RM1 million in a Malaysian fixed deposit and liquid assets of at least RM1.5 million.Applicants must now also show an offshore income of at least RM40,000 a month and an additional RM50,000 per dependent.
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