KUALA LUMPUR – Home Minister Datuk Seri Hamzah Zainudin (Larut-Bersatu) assured that the new Malaysia My Second Home (MM2H) requirements would not deter the entry of valuable investors or highly skilled professionals into the country.
Hamzah explained that the MM2H programme is aimed at attracting foreign retirees with large amounts of disposable income and who intend to stay in the country for the long term.
Meanwhile, for investors and highly skilled professionals, Hamzah explained that there are other methods to facilitate their entry into and stay in Malaysia, such as resident passes and long-term visit passes.
“The improvements made to the MM2H programme is to ensure those who stay here are of quality and can contribute to our economy.
“As for investors and highly skilled professionals who have contributed to the nation’s economy, they can be considered for an entry permit before they are allowed to apply for permanent residentship through the points system,” Hamzah told the Dewan Rakyat during his Budget 2022 winding-up speech.
To make Malaysia more investor-friendly, cooperation between the Immigration Department, Ministry of International Trade and Industry, and Malaysian Investment Development Authority resulted in the opening of a Business Traveller’s Centre (BTC) at KLIA in March.
Hamzah said the BTC provides facilities for investors and specialists entering Malaysia for a short period of time, allowing them entry without a visit pass and excluding them from quarantine.
Asked by Datuk Ignatius Darell Leiking (Penampang-Warisan) if the government intends to allow Sabah and Sarawak to manage the MM2H programmes independently, Hamzah answered in the negative.
“MM2H is a policy made by the government. There must be one policy for the whole country,” Hamzah added. – The Vibes, November 16, 2021
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