MM2H 2024 Ultimate Guide: Which Category is Best? Platinum, Gold, Silver, SEZ, Sarawak, or Sabah?
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- Опубликовано: 9 сен 2024
- Discover the perfect Malaysian paradise for your expat lifestyle with our comprehensive MM2H 2024 Ultimate Guide! Whether you're considering the luxurious Platinum, the versatile Gold, or the affordable Silver category, this video breaks down the pros and cons of each to help you make the most informed decision. We also dive into the unique benefits of the Special Economic Zone (SEZ), Sarawak MM2H, and Sabah MM2H categories. Join us as we explore eligibility criteria, financial requirements, and lifestyle advantages tailored for expats like you seeking a new home in Malaysia.
Share your thoughts in the comments below or suggest topics you'd like us to cover in future videos!
For more, visit: officialmm2h.com/
If you have any personal questions or need assistance with the Malaysia My Second Home (MM2H) program, please don't hesitate to contact us. We're here to help! Email us directly at sarah@officialmm2h.com, and we'll be happy to provide the guidance and support you need.
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About:
Welcome to Official MM2H Resources. My mission is to share my knowledge and experience to make your MM2H journey as smooth as possible. Because I know how overwhelming the process can seem at first glance. There’s paperwork, regulations, and a whole lot of planning involved. But fear not! Your dream of a second home in Malaysia is closer than you think. I’m here to guide you through it, share the lessons I’ve learned, and celebrate your successes. If you’ve got questions, need advice, or just want to share your MM2H journey, I’m all ears. For more info you can visit this website: officialmm2h.c...
Disclaimer:
Our RUclips channel are independent platforms and are not affiliated with, endorsed by, or officially connected to any government entity or organization. The content provided is for informational purposes only and reflects the views and opinions of the creators. Any references to government-related topics are based on publicly available information and personal interpretations.
Please note that not all video footage showcased in this video is specifically from Malaysia. The visuals have been selectively chosen from various stock footage sources to best complement and synchronize with the script and the information being presented. The primary objective of this video is to provide viewers with comprehensive and informative content regarding the Malaysia My Second Home (MM2H) program. We strive to ensure that the visual representation aids in enhancing the viewer's understanding of MM2H, without implying that all scenes are directly taken from Malaysian locales.
#mm2h #malaysiamm2hprogram #mm2halternative #malaysiamm2hupdate #mm2hvisa #mm2hretirement #mm2h2024 #visatomalaysia
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.
Sabah program not released yet. Glad you got a different AI voice. Try the new Sonnet release of Claude for your scripts.
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.
Thank you !!
You're welcome! If you have any more questions or need further information, feel free to ask. Happy to help!
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 😂😂
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.
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
In addition it is unclear whether a property purchase in Sarawak and/or Sabah is compulsory. Every RUclips 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.
Other RUclips 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.
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.