Cooperate with Malaysia China to establish diplomatic relationsOn the 50th anniversary, the Malaysian government announcedreduceThe Second Home PlanThe entry threshold forLowering the minimum deposit requirement to500000 ringgit, which industry insiders believe will attract potential participants including China to join.

Malaysia My Second HomeEnglishfor short"MM2H" is an immigration initiative launched by the Malaysian governmentproject.Allow foreigners to live in Malaysia for a long time through this program.In 1996, the Malaysian government launched the Silver Hair Plan to encourage foreign retirees to live and retire in Malaysia. In 2002, the Silver Hair Project was officially renamed as the "Second Home" project in Malaysia.

According to data from the Ministry of Tourism, Arts and Culture of Malaysia,From 2002 to 2019, nearly 16000 Chinese citizens applied to joinMM2H, accounting for the same period of approvalOne-third of 48000 applications.

2021,MalaysiaGovernment adjustmentMM2H raised the minimum deposit limit to RM2.5 million, resulting in a sharp decrease of 90% in the number of applicants for the program. According to Liu Rongfa, Chairman of the MM2H Advisory Association, in an interview, after the 2021 rule revision, less than 400 families apply to join each year, while in 2018, 5610 families applied to join.

recently,stayEstablishing diplomatic relations between Malaysia and China50th anniversaryAt this moment,The Malaysian Ministry of Tourism, Arts and Culture is targetingMM2H has submitted a new version of the application standards and various conditions, and has conducted bilateral discussions and promotions with Chinese platforms during its visit to China to explore marketing work.

newVersion ofMM2H will be applicable to applicants from all over the world, who must be aged 30 or above and possessMalaysiaThe agency responsible for applying for and issuing certification qualifications from the Ministry of Tourism, Arts and Culture.

This timeThe MM2H program is divided into three groups: Platinum, Gold, and Silver.Among them, the minimum requirement isSilver Group,applicantOnly need to be done in theDesignated bank deposit at leastA fixed deposit of 500000 ringgit, and half of the amount can be withdrawn after one year for purposes such as property purchase, medical treatment, and domestic tourism.

In addition, applicants are required to accumulate residency in Malaysia at least annually60 days. Once approved, the applicant will receive a 5-year pass and be provided with a renewable multiple entry visa for the applicant and their family.

But experts remind that simply lowering the entry threshold may not be enough,MalaysiagovernmentstillClear details have not yet been provided, in addition,Malaysia still needs to ensurePolitical stability,Don't change orders day and night,To win potential participantstrust.