(KUCHING 26) -- In order to ensure Sarawak's benefits from malaysia's Second Home Programme (MM2H), the Sarawak Cabinet yesterday approved further new rules and three rules of the scheme, which will come into effect on September 1. (Source: Sarawak Star State Network)
The first rule is that the applicant must open a time deposit account in any local bank in Sarawak, the individual applicant needs to have RM150,000, and the husband and wife need to have RM300,000, and provide proof of pension and overseas income fund as proof of financial ability during their stay in Sarawak.
New Regulation 2 is that all Malaysian Second Home Scheme Pass holders must stay in Sarawak for at least 30 days per year, which will be one of the conditions under consideration of extending or renewing their visa.
As for the new rule 3, participants may work, be employed or carry out investment and business activities during this period. However, they must meet the specified conditions, that is, they must be professionals, investors, and must also be approved by the sand government. #SARAWAK #Malaysia Second Home ##古晋 #
