New three-tier category for MM2H here to stay

MM2H News

New three-tier category for MM2H here to stay
CabinetTiong King SingProperty
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(Reuters) - One of the world’s largest technology funds is set to ramp up its exposure to Nvidia, which has become the world's most valuable company following a blistering run in its shares.

PETALING JAYA: The new three-tier category for the Malaysia My Second Home programme, announced last Friday, is here to stay, assures Tourism, Arts and Culture Minister Datuk Seri Tiong King Sing could review the programme comprehensively.

Under the 2021 conditions, participants must spend at least 90 cumulative days in the country annually, have an offshore income of at least RM40,000 per month , and maintain a fixed deposit account of at least RM1 million.Tiong also said that MM2H applicants cannot sell their property within 10 years of purchase.

“For instance, if the property purchased by a Platinum Category applicant is valued at RM2mil, the new ‘upgraded’ property must be higher than RM2mil,” he pointed out.

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