New and Improved MM2H

[gld998]

Thailand Digital nomad visa

US$270 every 180 days, up to 5 years
Total USD2700 / SGD3655

To apply for the visa, you must:

• Be at least 20;
• Have enough money to pay for the visa;
• Prove you have at least £10,687 in your bank account;
• Provide proof of employment with a registered company

The employment letter is super easy to settle, just get a company to write.
The problem is actually the tax, that could be tricky.

https://www.timeout.com/news/thaila...-digital-nomad-visa-heres-how-to-apply-061024

OR

Elite visa 5 years
900000 baht / SGD33k SGD


MM2H even with the unannounced special economic zone MM2H.
Standby at least RM800000 / SGD230k

The saving grace is it is 10 years, can bring your spouse and you whole village
You will have a Malaysia house.

But take note of this clause

• The pass can be renewed for a period of 5 years after the maximum program membership period expires.

After ten years, you have no idea whether you can renew, or how many times you can renew.

In any case, for people who went to JB for a few days then say, " wah so cheap, i wanna migrate out of SG".
The reality is it's not so easy.

I believe after the new MM2H officially launch, they will start to tackle those who do visa runs and force them to apply MM2H.

I believe after the new MM2H officially launch, they will start to tackle those who do visa runs and force them to apply MM2H. -ppl no money thats why go jb stay to save cost... non realistic requirement somemore.

 

[gld998]

800k ringgit is like 250k sgd...

250k u get a 'backup' plan in case u need to run road... not bad what..

how to fulfill 60 days or 90 days that u need to be in the country?

 

[FireEmblem]

800k ringgit is like 250k sgd...

250k u get a 'backup' plan in case u need to run road... not bad what..

Bangkok can get a retirement visa for much much lower

 

[testerjp]

Actually i may have miscalculated.

Even for the special zone MM2H, the property price although it says is min RM600k.
It must also follow the state rule.

I believe JB minimum selling price to foreigner is 1 Million ringgit?

So the visa cost should be

1 Million ringgit + FD USD 30k to 60k + RM40k agency fee + levy + tax
Which is 1.2 million to 1.3 million Ringgit
That's about SGD 350k to 400k.

Who so stupid to pay so much for a 10 years visa.

 

[pmetpmet]

Actually i may have miscalculated.

Even for the special zone MM2H, the property price although it says is min RM600k.
It must also follow the state rule.

I believe JB minimum selling price to foreigner is 1 Million ringgit?

So the visa cost should be

1 Million ringgit + FD USD 30k to 60k + RM40k agency fee + levy + tax
Which is 1.2 million to 1.3 million Ringgit
That's about SGD 350k to 400k.

Who so stupid to pay so much for a 10 years visa.

5 years or 10 years? Also, where did you get 40k agency fee from? All charge the same rate meh

Highly skeptical it's 40k. At most 1k for 5 year VISA

 

[pmetpmet]

In case somebody above anyhow bomb, what 10 year VISA what 40k fee, here's from a reliable source:

https://www.thestar.com.my/news/nation/2024/06/17/what039s-new-for-the-mm2h-programme

Dun anyhow smoke people lah

 

[Wanderer123]

Actually i may have miscalculated.

Even for the special zone MM2H, the property price although it says is min RM600k.
It must also follow the state rule.

I believe JB minimum selling price to foreigner is 1 Million ringgit?

So the visa cost should be

1 Million ringgit + FD USD 30k to 60k + RM40k agency fee + levy + tax
Which is 1.2 million to 1.3 million Ringgit
That's about SGD 350k to 400k.

Who so stupid to pay so much for a 10 years visa.

Aiyo, stick to 1 week go in once to midvalley makan n shopping can ler. Even da cheap thailand 1 yr OA visa/O visa every 3 mths must do online reporting to say where u are staying, macam under parole. Oh, don't forget to go for annual xray, std/drug blood test or u will be kicked out.

 

[Dilemma6]

EDMW got no foresight

next election who can guarantee UMNO wont make a come back?

Then MM2H change again
just stick to renting a place there will be better.

 

[testerjp]

In case somebody above anyhow bomb, what 10 year VISA what 40k fee, here's from a reliable source:

https://www.thestar.com.my/news/nation/2024/06/17/what039s-new-for-the-mm2h-programme

Dun anyhow smoke people lah

That's the silver gold and platinum visa.

There's a new special economic zone mm2h visa category.

Smoke what bomb? It's in the official document from their ministry.
Reliable enough for you or not?

https://www.motac.gov.my/images/pdf...MM2H_Zon_EkonomiKewangan_Khas_14_Jun_2024.pdf


Here is an English translation of the document:


NEW SPECIAL REQUIREMENTS FOR PARTICIPANTS OF THE MALAYSIA MY SECOND HOME (MM2H) PROGRAM UNDER THE SPECIAL ECONOMIC/FINANCIAL ZONES


The Ministry of Tourism, Arts and Culture has also introduced special requirements for the MM2H Program from the new Special Financial Zones of the country.

The special requirements for the MM2H Program under the Special Economic/Financial Zones are as follows:


AGE REQUIREMENT FOR PARTICIPATION

Applicants aged 21 years and above, especially to encourage foreign investment.


FINANCIAL REQUIREMENT

i. Applicants must have a fixed deposit (FD): -
USD65,000 for ages 21 to 49 years; and -
USD32,000 for ages 50 years and above

ii. The FD is to be deposited in any financial institution licensed under the Financial Services Act 2013 [Act 758] or the Islamic Financial Services Act 2013 [Act 759].

iii. A maximum withdrawal of 50% is allowed on the principal FD amount after obtaining approval to join the MM2H Program, for the purpose of purchasing a house, education, health, and tourism activities in Malaysia.


PARTICIPATION FEE (ONE-OFF)

i. Participation fee of RM1,000 for the principal (one-off).

ii. NO participation fee for dependents.


PURCHASE OF RESIDENTIAL PROPERTY

i. Required to purchase and own a property/house (floor price subject to the relevant state property acquisition policy) after obtaining approval to join the MM2H Program.

ii. Purchase of the house must be directly from the property developer and not through real estate agents or existing owners.

iii. The purchased property/house cannot be resold within 10 years. However, upgrading to a higher-valued property is permitted.

iv. If the participant does not comply with these requirements, their MM2H pass may be canceled.


MINIMUM STAY PERIOD

i. Stay/reside in Malaysia for at least 90 days (cumulative) in a year.

ii. For participants aged 21 to 49 years, the presence in Malaysia must be fulfilled either by the principal or their respective dependents.


DEPENDENTS

Participants are allowed to bring their respective dependents, consisting of:

i. Spouse (wife/husband);

ii. Biological children/stepchildren/adopted children under 21 years old, while those aged between 21 and 34 years are those who are not working or unmarried in Malaysia;

iii. Disabled children (no age limit) as certified by a medical specialist; and

iv. Parents and/or parents-in-law.


MM2H PASS

i. MM2H pass valid for 10 years with Multiple Entry Visa (MEV) for the principal and dependents.

ii. Renewable.

iii. The validity period of the security sticker is based on the approved MM2H pass period, subject to the validity period of the participant's passport.

iv. If the participant's passport expires before the MM2H pass period, the participant must renew the security sticker.


EDUCATION

Dependents (children) are allowed to pursue education in Malaysia up to the tertiary level at Higher Education Institutions (HEIs) recognized by the Malaysian Government. Dependents (children) are allowed to use the existing MM2H Pass or will be automatically given a Student Pass.


MEDICAL TREATMENT

Allowed for long-term medical treatment in Malaysia.


BUSINESS/INVESTMENT ACTIVITIES

i. Not allowed.

ii. Must apply for relevant pass.


EMPLOYMENT OPPORTUNITIES

i. Not allowed.

ii. Must apply for relevant pass.


HEALTH SCREENING

Required to undergo health screening at clinics/hospitals (panel clinics) appointed by the Ministry of Tourism, Arts and Culture for the principal and dependents after obtaining approval to join the MM2H Program. The panel clinics ensure standardized services and charges for all MM2H Program applicants.


PROGRAM BENEFITS

Exemption from tax on offshore income and funds brought in, such as FD.


APPLICATION FOR PRINCIPAL TRANSFER If the principal passes away, the deceased's MM2H Pass is allowed to be transferred to the closest next-of-kin who is a named dependent of the principal.


PASS RENEWAL TERMS

• The pass can be renewed for a period of 5 years after the maximum program membership period expires.
• Applicants must resubmit current documents as follows:
  i. Copy of a valid passport
  ii. Copy of medical report
  iii. Health insurance
• Renewal applications will be submitted to the MM2H One-Stop Center/Immigration Department of Malaysia (JIM).
• Pass renewal fee is RM300 for the principal and dependents.

Verified as of 14 June 2024 Prepared by: Malaysia My Second Home One-Stop Center (OSC MM2H) Ministry of Tourism, Arts and Culture

 

[testerjp]

5 years or 10 years? Also, where did you get 40k agency fee from? All charge the same rate meh

Highly skeptical it's 40k. At most 1k for 5 year VISA

You damn jialat.

I spoonfeed all the data liao, include source and translate. You still can't read.

Please go to the MM2H reddit or Facebook community and tell those frustrated expats and retirees your 1k lobang.

Talking about anyhow bomb.

Here's the document that lists the new requirements and "restrictions" for MM2H Agents. https://www.motac.gov.my/images/pdf/Garis_Panduan_Pelesen_MM2H_15_Jun_2024.pdf

"1.15. MM2H operating companies may charge service charges to MM2H participants at a rate consistent with the stipulations under the Price Control and Anti-Profitability Act 2011 (Act 723) as follows:
(a) RM70,000.00 for Platinum category MM2H participants;
(b) RM55,000.00 for Gold category MM2H participants;
(c) RM40,000.00 for Silver category MM2H participants; and
(d) RM40,000.00 for MM2H participants in the Economic Zone category/

 

[kuti-kuti]

dump money deposit there but get every 5 years renewable only.

u know how msian gov is, can prata anytime one.

 

[pmetpmet]

You damn jialat.

I spoonfeed all the data liao, include source and translate. You still can't read.

Please go to the MM2H reddit or Facebook community and tell those frustrated expats and retirees your 1k lobang.

Talking about anyhow bomb.

Here's the document that lists the new requirements and "restrictions" for MM2H Agents. https://www.motac.gov.my/images/pdf/Garis_Panduan_Pelesen_MM2H_15_Jun_2024.pdf

"1.15. MM2H operating companies may charge service charges to MM2H participants at a rate consistent with the stipulations under the Price Control and Anti-Profitability Act 2011 (Act 723) as follows:
(a) RM70,000.00 for Platinum category MM2H participants;
(b) RM55,000.00 for Gold category MM2H participants;
(c) RM40,000.00 for Silver category MM2H participants; and
(d) RM40,000.00 for MM2H participants in the Economic Zone category/

https://www.freemalaysiatoday.com/c...h-agents-charging-exorbitant-fees-says-tiong/

PETALING JAYA: Some agents for the Malaysia My Second Home (MM2H) programme have been charging several thousands in application fees, says tourism, culture and arts minister Tiong King Sing.

Suddenly exorbitant fees of several thousands become tens of thousands? What weed have you been smoking to believe that is true

 

[testerjp]

https://www.freemalaysiatoday.com/c...h-agents-charging-exorbitant-fees-says-tiong/

PETALING JAYA: Some agents for the Malaysia My Second Home (MM2H) programme have been charging several thousands in application fees, says tourism, culture and arts minister Tiong King Sing.

Suddenly exorbitant fees of several thousands become tens of thousands? What weed have you been smoking to believe that is true

You use an April 2024 article to override the official memo released on June 15?

Ok can.

https://www.motac.gov.my/images/pdf/Garis_Panduan_Pelesen_MM2H_15_Jun_2024.pdf

 

[pmetpmet]

You use an April 2024 article to override the official memo released on June 15?

Ok can.

https://www.motac.gov.my/images/pdf/Garis_Panduan_Pelesen_MM2H_15_Jun_2024.pdf

Your official memo is targeted to agencies wanting to signup as licensed providers, not for applicants. There's no mention anywhere in that document if the amount is a cap, or payment to the Malaysian govt as a license fee. I pasted the article in April showing that a few thousands is considered exorbitant by their own minister. It would be foolish to think that he would advocate for 40k to be the fee charged by agencies as it would make him look stupid. The same goes to people who believe so -- lack of common sense

 

[yobyella]

Min threshold rm600k. They trying to get rid of unsold apartments.

 

[galaxynote]

pay agent 40k ??? siao ah
tot pay their govt more like it right? why they let agent earn so much?

 

[pmetpmet]

pay agent 40k ??? siao ah
tot pay their govt more like it right? why they let agent earn so much?

Biggest elephant in the room

 

[HushiePuppies]

 

[HushiePuppies]

I believe after the new MM2H officially launch, they will start to tackle those who do visa runs and force them to apply MM2H. -ppl no money thats why go jb stay to save cost... non realistic requirement somemore.

now use e-gate already, no one check.

 

[a4973]

now use e-gate already, no one check.

I'm thinking it should be simple to program the egate to interdict visa runners.