Politics · Malaysia Bureau
MM2H programme generates RM8.85 billion economic boost in under two years
Malaysia's My Second Home visa scheme has delivered substantial economic returns since its relaunch, attracting significant foreign investment and expenditure across the country. The programme has generated RM8.85 billion in economic value in less than two years of operation.
LSN Malaysia ·
The Malaysia My Second Home (MM2H) programme has proven to be a significant economic driver for the country, contributing RM8.85 billion in measurable economic value since its reintroduction, according to programme data released in Kuala Lumpur.
The visa scheme, which allows foreign nationals to reside in Malaysia for extended periods, has attracted participants from around the world who have invested in local properties, services and businesses. The economic contribution reflects spending across multiple sectors including real estate, hospitality, healthcare, education and retail.
The programme's performance in generating substantial economic returns in such a short timeframe underscores its appeal to international residents seeking long-term residency in Southeast Asia. The influx of foreign participants has provided support to local industries and created employment opportunities across various sectors.
The success of MM2H comes as Malaysia seeks to diversify its economic sources and attract high-value foreign investments. Officials have highlighted the programme's role in promoting Malaysia as an attractive destination for international living while bolstering economic activity in communities across the country.