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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...
Govt making list of people who availed KL's 2nd home offer Print E-mail
Wednesday, 03 December 2008 10:44

The caretaker government (CG) has started preparing a list of Bangladeshi nationals who availed the Malaysia My Second Home (MM2H) programme by investing large sums of money, sources said.

The Ministry of Foreign Affairs (MoFA) has already taken an initiative to find out the Bangladeshis who accepted the Malaysian offer following a decision of the Inter-Agency Task Force to bring back the money siphoned off illegally.

A meeting, presided by Bangladesh Bank governor Saleh Uddin Ahmed held last month, reviewed that many Bangladeshis had availed the MM2H programme.

Substantial amount of money was transferred to Malaysia by individuals who availed of the opportunity. But there is no information whether those money were sent through proper channels, the meeting was told.

Once the list is completed by MoFA, it will help the committee to verify and ascertain whether the money was sent by the Bangladeshis through proper channel or not.

If it is revealed that the money had been transferred through illegal means, the committee, according to the meeting decision, will take initiatives to bring those back from Malaysia.

The MM2H programme is an initiative of the Malaysian Government offering expatriates from all over the world to live in Malaysia on a long-term Social Visit Pass provided certain criteria were fulfilled.

The Social Visit Pass is initially for a period of 10 years depending on the validity period of the passport and is renewable.

According to website, financial requirement for below 50 years old has been fixed at US$ 82,000 and 50 years old and above at US$ 41,000 since April 2006.

Other criteria include a valid medical insurance in Malaysia and a certified medical report from a local doctor or specialist.

Many websites promoting MM2H are owned by property companies trying to sell houses or agents offering their services.

According to a web-site, so far over 6000 people have been approved for the MM2H visa and it is generating a lot of interest globally.



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