testerjp
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I did the legwork and go find out more about the "revised" MM2H.
The article lacks alot of details like whether income is still required, etc.
No, but they added new clause that makes it worse!
Becareful of fake news spreaders trying to find a bigger fool to create a hype in Malaysia.
Malaysia gives PR to Palestine, to Bangla but not to Sinkies or most foreigners.
They dun want you and will kick you out like they did just a few years ago.
Now they are clearly trying to get people in just to buy their properties.
Fellow Sinkies, don't fall for these stupid tricks and think wisely.
Do not waste your retirement funds .
I posted on the johor thread.
https://forums.hardwarezone.com.sg/threads/johor-bahru-share-is-caring-part-2.6144700/post-152755496
For people who wants to get out of singapore and wish to rot in a lower cost country.
Go check out Thailand's new Digital Nomad Visa or Elite Visa
It's a lot more stable and easier to get.
The article lacks alot of details like whether income is still required, etc.
No, but they added new clause that makes it worse!
Becareful of fake news spreaders trying to find a bigger fool to create a hype in Malaysia.
Malaysia gives PR to Palestine, to Bangla but not to Sinkies or most foreigners.
They dun want you and will kick you out like they did just a few years ago.
Now they are clearly trying to get people in just to buy their properties.
Fellow Sinkies, don't fall for these stupid tricks and think wisely.
Do not waste your retirement funds .
I posted on the johor thread.
MM2H Updates.
I was reading some discussions. The data below are from MM2H reddit and Facebook groups.
It seems that they have aborted the income requirement. It comes with a big catch.
It appears there's a new rule.
Which is one must purchase a property after approval and can't sell for 10 years.
How much to fork out for just the silver category?
You will need to put 150k ringgit now USD150k in a selected fixed deposit for "their choice".
Half of it can be withdrawn after a year for medical, property or domestic travel.
Half of it can be withdrawn after a year for medical, property or domestic travel.
Bare minimum you need to pay.
600k for the house.
150k deposit but 1/2 can be used for the house. So put it 75k.
Still need to pay misc agent fees, stamping, legal, duties, etc. Say 100k
So for silver category, you need to get ready at least 775k ringgit.
For the silver category, the visa is only valid for 5 years.
Again, the property can't be sold for 10 years.
Also for the gold or platinum, despite it has a much longer validity period. If your passport expires, you need to renew your visa under whatever prevailing new rules.
The general consensus by both locals in lowyat and expats is the new rules isn't make it easier nor worth it.
What's the point of spending nearly 800k ringgit to get a five years visa.
After it expires, the renewal is based on whatever new prevailing rules.
And it's quite silly and irrational that you pay so much upfront to enjoy a temporary lower cost of living.
It's much better to consider Thailand.
Their digital nomad visa can easily get you a 5 years visa. https://www.timeout.com/news/thaila...-digital-nomad-visa-heres-how-to-apply-061024
Or wait for Sabah and Sarawak version of mm2h.
The two states want their own mm2h because if the rules are the same, then who will want to stay in East Malaysia
The purpose of the new MM2H seems to for gathering more Roberts to clear their excessive properties.
https://forums.hardwarezone.com.sg/threads/johor-bahru-share-is-caring-part-2.6144700/post-152755496
For people who wants to get out of singapore and wish to rot in a lower cost country.
Go check out Thailand's new Digital Nomad Visa or Elite Visa
It's a lot more stable and easier to get.
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