Why More Will Look For Second Home Elsewhere


 

Robert Dillon (not his real name) is a participant of the Malaysia My Second Home (MM2H) programme. He is puzzled by the recent changes in the MM2H rules and wonders if the government is aware that many potential applicants will not be taking part in the programme, and current MM2H visa holders will have left or will go soon.
The drastic changes reflect Putrajaya’s desire to attract extremely wealthy foreigners, but why would they come to Malaysia, where religious and racial intolerance is on the rise, large-scale corruption appears to be returning, and convicted corrupt politicians are making a comeback?
A typical comment came from an observer who said: “Many of your neighbouring countries are far more attractive. If I had the money, I would go to the Bahamas, Greece or the south of France.”
Besides attracting wealthy individuals, doesn’t Putrajaya care about the other valuable contributions made, like cultural exchange, or that the expatriate community can share their vast experience in all manner of things and skills when interacting with the local community?
Dillon has lived in Malaysia for 11 years and will leave as soon as circumstances permit. He claims that several countries, such as Turkey, the Philippines, Cambodia, Vietnam and Portugal, offer very good, and better, alternatives to the revised MM2H programme.
He came to Malaysia because his wife is Malaysian and at the time, the nation seemed a good place to retire, feedback was positive, and the British historical link meant that Malaysia was an easy transition. The economy was also growing and the prospects looked good.
In the initial stages, he says, Malaysia was what he and his wife expected. Such was their enthusiasm that they invested in a business in the tourism industry as that was their line of expertise.
After about four years, Dillon and his wife noticed the degradation. He says: “It was more than obvious that expats were considered a source of income and the authorities started to be less friendly and accommodating. The phrase ‘go back to your own country’ appeared more often.”
Under the revised rules, applicants must have a compulsory fixed deposit (FD) of RM1 million in a local bank, an offshore monthly income of RM40,000, at least RM1.5 million in liquid assets, a minimum of 90 days spent in Malaysia and their multiple-entry visa reduced from 10 years to five.
For Dillon, the impact was too great. “The requirement is too high and even if I did qualify, I would not commit to such a level in Malaysia as it does not feel that rules and agreements are going to be respected by the authorities. Things could deteriorate or change quickly. Other countries do not require as much and are less conservative than Malaysia. Therefore, as soon as I can, I would move out of Malaysia.”
Dhillon thinks the departure of expatriates will affect the communities in which they live. “A lot of expatriates contribute their skills to the local community, especially in arts and music. They take part in local charities.
“During the pandemic, expats were some of the first to respond to the call for help to feed local people. They supported local businesses.”
The new requirements will severely impact the nation because MM2H expats contribute to the Malaysian economy in many different ways. Korean and Japanese children study in local international schools. Most MM2H holders have an average expenditure of RM10,000 a month, hold bank accounts and perform international bank transfers. They own credit cards and have deposits in local banks.
All that will decrease by around 80% if the expats leave Malaysia, opines Dillon. Even local contractors and businesses that apply “white man charges” on a regular basis will have to take a cut, he says.
According to him, if the authorities claim that 7,000 to 8,000 MM2H visa holders do not stay in Malaysia, it is ridiculous to change all the rules because of these individuals. In the end, innocent people will also be punished.
Dillon also says most MM2H holders are genuine, but it has been alleged that property buyers from the People’s Republic of China (PRC) were being enticed with the “additional value of obtaining MM2H status with their property purchase”, and this is probably where the issue started.
He also wonders why the authorities are stressing a need for better security from foreigners flooding into the country. “What do they mean? MM2H has never been a security issue. So, are we bundled in with foreign workers?
“I think this revamp is an attempt to appeal to the voters by showing a strong nationalistic approach, which will come at a severe financial cost.”
Dillon’s message to the government is simple: The authorities should review the programme based on independent research and a realistic financial approach, and not do it for political gain. - FMT
The views expressed are those of the writer and do not necessarily reflect those of MMKtT.


Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2021/09/why-more-will-look-for-second-home.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MalaysiansMustKnowTheTruth+%28Malaysians+Must+

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Announcing The Tab S7 Fe In Malaysia A Fan Favourite For You To Do More Of What You Love

Announcing The Tab S7 Fe In Malaysia A Fan Favourite For You To Do More Of What You Love

papar berkaitan - pada 21/9/2021 - jumlah : 290 hits
Samsung Malaysia Electronics recently announced the Galaxy Tab S7 FE bringing together fan favorite features including a large display for entertainment creative work and multi tasking while at an affordable price Tablets have become a hous...
More Vaccine Shots Than People Waiting For Jabs

More Vaccine Shots Than People Waiting For Jabs

papar berkaitan - pada 20/9/2021 - jumlah : 163 hits
Health minister Khairy Jamaluddin on a working visit to Kedah today PETALING JAYA Vaccination centres in Kedah have more stocks of vaccine doses than the number of people waiting to be vaccinated health minister Khairy Jamaluddin said today...
How To Choose The Perfectly Sophisticated Black Door For Your Home

How To Choose The Perfectly Sophisticated Black Door For Your Home

papar berkaitan - pada 18/9/2021 - jumlah : 250 hits
Sophisticated and stylish the black door has arrived with everything in everyone s homes Very common in European countries and the USA this type of door comes to prove that you can leave the common without The post appeared first on
Harapan Govt To Ink Mou Tomorrow Will Unveil Contents For Transparency

Harapan Govt To Ink Mou Tomorrow Will Unveil Contents For Transparency

papar berkaitan - pada 13/9/2021 - jumlah : 200 hits
The government and Pakatan Harapan have agreed to sign a memorandum of understanding tomorrow as well as to reveal the contents of the agreement to the public Both sides agree to completely reveal the MOU to the public as a commitment to fu...
Govt Will Look Bad If Najib Given A Post Analysts

Govt Will Look Bad If Najib Given A Post Analysts

papar berkaitan - pada 9/9/2021 - jumlah : 207 hits
The government will face negative perception if former prime minister Najib Abdul Razak is given a position in the administration said political analysts Universiti Teknologi Malaysia s Professor Azmi Hassan said this is because the governm...
Malaysian Hotel Association Selangor Chapter Organises A Fund Raising Initiative For Its Second Food Aid Programme

Malaysian Hotel Association Selangor Chapter Organises A Fund Raising Initiative For Its Second Food Aid Programme

papar berkaitan - pada 7/9/2021 - jumlah : 301 hits
Since the outbreak of the Covid 19 in Malaysia the tourism industry has been one of the worst affected The severity of the pandemic has seen the entire nation going through various phases of lockdown restricted movement and closed borders e...
10 More Activities Allowed In Sabah For Fully Vaccinated

10 More Activities Allowed In Sabah For Fully Vaccinated

papar berkaitan - pada 19/9/2021 - jumlah : 204 hits
Fishing ponds in Sabah will be allowed to open from 6am 6pm for visitors within the same district KOTA KINABALU The Sabah state government has opened up more activities for fully vaccinated people from Monday following the relaxation of res...
Creating The Perfect Home For Your Family A Guide

Creating The Perfect Home For Your Family A Guide

papar berkaitan - pada 11/9/2021 - jumlah : 246 hits
Creating the Perfect Home for Your Family A GuideWhen you are a housewife and a parent you will want to create the perfect home for your family while they are at school Then read on for some of the best tips and tricks that will allow you t...
Top Home Improvement Ideas For Your Daytona Beach Home

Top Home Improvement Ideas For Your Daytona Beach Home

papar berkaitan - pada 13/9/2021 - jumlah : 153 hits
Home to the well known racing event and beautiful beaches Daytona Beach certainly offers a broad range of fun and activities for people of all ages So it comes as no surprise that the real estate The post appeared first on
Pengalaman Bersalin Anak Kedua

Tuduhan Seleweng Dana Sprm Mohon Bantuan Pihak Buat Dakwaan Cari Bukti

Annuar Musa Shahidan S Wife And Ismail S Wife Sacked From Umno

Siaran Lansung Perlawanan Persahabatan Bola Sepak Antarabangsa Tier 1 Malaysia Vs Kemboja 9 Disember 2022

Kenapa Besarkan Isu Polis Melayu Mati Apa Kata N Surendran Ni Surendran Mahu Pancing Undi Penjenayah Ker Gila

Nak Import Telur Can I Advise You Something Abang Mat

Warga Emas Ditahan Selepas Menghubungi Polis Lebih 2 060 Kali Hanya Untuk Memaki Hamun

Kenapa Anwar Tak Tegur Tauke Telur Dan Simen Mamat Ni Tanya



5 Istilah Orang Jepun Yang Dipinjam Masyarakat Dunia

10 Filem Melayu Malaysia Terbaru 2022 Mesti Tonton

5 Pemimpin Kerajaan Asia Yang Singkat Memegang Kuasa

Info Dan Sinopsis Filem Mechamato Movie 2022

10 Penjaring Gol Sendiri Terbanyak dalam Sejarah Bola Sepak


Dejavu

Nasi Kandar Giling Butterworth Rasa Sedap Sangat

Penang Harapan Braces For Green Wave Reps Want Counter Measures

Pm Chief Secretary Will Announce Status Of Secretaries General

Jep Jadi Cikgu Lawak Giler Sepahtu Reunion

Mb Selangor Hina Jais Dr Asri Kata Jais Macam Taliban Tapi Mereka Berdua Yang Meraban