New Malaysia My 2nd Home program! - Retire to Malaysia!

Summary

In this video, American expat Taylor discusses the new MM2 rules in Malaysia, which have left many confused. The updated program now requires substantial fixed deposits for different tiers: $150,000 for Silver, $500,000 for Gold, and $1 million for Platinum, each with varying visa durations. A significant change is the mandatory property purchase requirement for each tier, which Taylor believes will be a deal-breaker for most. The summary also touches on the participation fee, visa renewal costs, and the absence of a path to permanent residency, leaving many questions still unanswered.

Takeaways

• 😀 Taylor, an American expat in Malaysia, provides an update on the new MM2 rules.
• 😕 The new rules are still confusing and not completely clear.
• 🏦 There are three levels: Silver, Gold, and Platinum, each requiring a fixed deposit of $150,000, $500,000, and $1,000,000 USD respectively.
• 📅 The validity periods for each level are 5 years for Silver, 15 years for Gold, and 20 years for Platinum.
• 🏠 A new requirement is to purchase property in Malaysia, with minimum values depending on the level.
• 🤔 There is confusion regarding the use of the deposit for medical care or schooling, as it used to contribute towards property purchase.
• 💰 A participation fee is introduced, varying from 1,000 Ringgit for Silver to 200,000 Ringgit for Platinum.
• 📈 The renewal fee for the visa has changed, but it's unclear if it's per year or not.
• 🚫 None of the levels provide a path to permanent residency in Malaysia.
• 🤷‍♂️ There are questions about how the new minimum purchase rates for property might interact with existing rules for foreign purchases.
• 📣 Taylor promises to keep her audience informed about any new developments regarding the MM2 rules.

Q & A

What is the main topic of Taylor's video?

The main topic of Taylor's video is an update on the new MM2H (Malaysia My Second Home) rules and their implications for expats.

What is MM2H?

MM2H stands for Malaysia My Second Home, a program that allows foreigners to live in Malaysia for an extended period under certain conditions.

What are the three levels in the new MM2H rules mentioned by Taylor?

The three levels in the new MM2H rules are Silver, Gold, and Platinum.

What is the fixed deposit requirement for the Silver level in the new MM2H rules?

The fixed deposit requirement for the Silver level is $150,000 USD.

How long is the Silver level valid for under the new MM2H rules?

The Silver level is valid for 5 years under the new MM2H rules.

Is there a requirement to purchase property under the new MM2H rules?

Yes, under the new MM2H rules, there is a requirement to purchase property in Malaysia at varying minimum amounts depending on the level.

What is the minimum property purchase requirement for the Gold level in the new MM2H rules?

For the Gold level, the minimum property purchase requirement is 1 million Malaysian Ringgit.

What is the participation fee for the Platinum level according to the chart Taylor referred to?

The participation fee for the Platinum level is 200,000 Malaysian Ringgit according to the chart Taylor referred to.

Does the new MM2H program lead to permanent residency in Malaysia?

No, neither Silver, Gold, nor Platinum levels in the new MM2H program lead to permanent residency in Malaysia.

What is the renewal fee for the Gold level in the new MM2H rules?

The renewal fee for the Gold level is 3,000 Malaysian Ringgit, but it is unclear if this fee is per year or for the entire validity period.

How can viewers support Taylor's channel if they appreciate the information provided?

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