By Christopher Lidom
KUCHING, Aug 26: Participants of Sarawak-Malaysia My Second Home (S-MM2H) program are now allowed to work, be employed and involved in active investment and business effective Sept 1.
Minister of Tourism, Creative Industry, and Performing Arts Dato Sri Abdul Karim Rahman Hamzah said under S-MM2H Enhanced Requirements and Regulations, they are subject to the terms and conditions whereby applicants must be professionals or investors, apart from the approval from the Sarawak Government.
According to Abdul Karim, the three enhancements to S-MM2H program have been approved by the Sarawak Cabinet following a State Cabinet meeting on Aug 25.
“This is to ensure the S-MM2H programme continue to benefit Sarawak, hence further refinement was proposed to the enhanced requirements and regulations of the program,” he told reporters during a press conference on the new requirements and regulations of S-MM2H program held at his office in Baitulmakmur Building II, here today.
Abdul Karim noted, under the new requirements, it is mandatory for the applicants to open a fixed deposit account with any local banks in Sarawak.
The required amounts remain as RM150,000 for individual applicants and RM300,000 for couple.
He also pointed out that proof of pension funds and offshore income funds are required as proof of financial capability for the applicants to support themselves while staying in Sarawak.
“All the S-MM2H pass holders also require minimum annual stay duration in Sarawak for 30 days a year as one of the conditions for consideration of extension or renewal of visa,” he added. – DayakDaily.