New MM2H participants not eligible for PR status: Tiong

According to an infographic shared by Tiong in the same post, MM2H applicants are categorised into three tiers - Platinum, Gold and Silver - based on specific criteria and conditions.

The general conditions for all three categories include being open to foreigners from countries with diplomatic relations with Malaysia, being at least 25 years old, all applications must be submitted through the MM2H One-Stop Centre, and staying in Malaysia for at least 90 cumulative days per year.

Engagement in business, investment activities, or employment in Malaysia is exclusively granted to participants in the "Platinum" category. Those in the "Gold" and "Silver" categories are not permitted to engage in such activities. Special cases requiring exceptions must be individually submitted to the relevant authorities for approval.

Under the "Platinum" tier, participants must maintain a fixed deposit (FD) of RM5mil (approximately US .05mil). After one year, a maximum withdrawal of 50% is allowed for property purchase (with a minimum value of RM2 million), healthcare, and domestic travel within Malaysia.

The "Gold" tier requires an FD of RM2mil (approximately US0,800) with similar withdrawal provisions for property purchases (minimum value of RM1 million), healthcare, and domestic travel.

The "Silver" tier requires RM500,000 (approximately US5,000) in FD with similar withdrawal provisions.

Irrespective of the chosen tier, all participants must fulfil the minimum stay requirement of residing in Malaysia for a cumulative total of 60 days annually.

Source: NST