Revamped MM2H programme generates RM839.9mil in revenue, says Tiong
The Tourism, Arts and Culture Minister said the amount comprises RM597.5mil in fixed deposit investments, RM237.2mil in property investments and RM5.2mil in participation fees.
'These figures not only reflect Malaysia's attractiveness as a preferred destination, but also demonstrate applicants' confidence in the country's economic stability and long-term prospects,' Tiong said in a written parliamentary reply to Datuk Muhammad Bakhtiar Wan Chik (PH-Balik Pulau).
He added that the programme's economic spillover also benefits sectors such as education, healthcare and insurance services.
To enhance competitiveness and appeal, he said the government has introduced a three-tiered structure for MM2H - Platinum, Gold and Silver - in addition to a special category for applicants under Special Economic or Financial Zones.
According to him, each tier is differentiated by criteria such as age, financial capability, duration of stay, eligibility to bring dependents and length of the MM2H pass.
'All applications must be submitted through licensed MM2H agents under the Tourism Industry Act 1992 to strengthen overall programme governance and integrity,' Tiong said.
As of June 30, a total of 3,019 applications had been received since the new policy came into effect in October 2024, he said.
This includes 48 applications under Platinum, 137 under Gold, 2,434 under Silver and 400 under the Special Economic or Financial Zone category.
Out of these, Tiong said 1,294 applicants have received endorsement passes, consisting of 19 in Platinum, 61 in Gold, 1,020 in Silver and 194 in the special zone category.
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