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Announcement

Discontinuation of The Reduction Of Fixed Deposit Placement Based On Property Purchase And MM2H Approval By Government Pension
Kindly be informed that MM2H Centre has discontinued the reduction of Fixed Deposit placement based on property purchase worth RM1 million and above in Malaysia. Also discontinued is the MM2H...
Malaysian Govt Eases Requirements For MM2H Print E-mail
Friday, 06 February 2009 03:49
SAPPORO (Japan), Feb 5 (Bernama) -- The Malaysian government is set to ease the requirement for participating in the Malaysia My Second Home (MM2H) programme to boost the country's property sales and the programme's participations.

The proposed relaxation, among other things, includes abolishing the requirement to disclose the source of participants' income.

Tourism Minister Datuk Seri Azalina Othman Said said that the proposed relaxation had been discussed at the Special Cabinet Committee on Tourism and submitted to the cabinet for consideration.

Following that, she said, the cabinet requested the Tourism Ministry to find the mechanism for its implementation.

"We received feedback that most of the participants feel insulted when they were asked to reveal their income.

"We were informed that other countries do not practise such ruling," she told a news conference at Doshin Hall here.

Earlier, Azalina delivered a speech to more than 1,000 people attending the Malaysia Longstay Seminar organised by the Tourism Malaysia in collaboration with Hokkaido Shimbun.

"Among matters that will be scrapped is the requirement to reveal the participants' source of income. It's a sensitive and personal matter," Azalina said.

Azalina said from 2002 until 2008, there were 12,566 foreigners who had participated in the MM2H programme, with the Japanese ranking the second biggest with 921 participants.

She said the strict immigration ruling would also be eased to allow participants and their spouses with special skills to work on part-time basis.

"These are hindrances that discourage foreigners from participating in the programme," she said.

She said changes would also be made to the requirements including permitting foreigners married to Malaysians to join the programme.

Currently, foreigners under that category were barred from the programme.

Another change was the setting up of a one-stop centre to promote, process and to take charge of all matters pertaining to the MM2H programme, she said.

"The ministry received complaints that agents abused their powers by charging participants high processing fees. Participants are exempted from paying the fees at the ministry's one-stop centre," she said.

-- BERNAMA
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