Over 33,000 foreigners settled in Malaysia since 2002

Published on : Saturday, July 15, 2017

download (3)Malaysia has become second home to over 33,000 foreigners from 126 countries, Bernama News quoted the country’s Tourism and Culture Minister Mohamed Nazri Abdul Aziz as saying. These foreigners have settled in the country under the Malaysia My Second Home (MM2H) programme since 2002.


While speaking at the MM2H National Workshop the Minister said, “China remains the top participating country, with almost 8,714 approved participants, followed by Japan with 4,225; Bangladesh (3,546); the United Kingdom (2,412); lran (1,336); Singapore (1,295); Taiwan (1,208); South Korea (1,266); Pakistan (973); and lndia (890).”


He also recognised the efforts of the Bank of China, which are partners in the financial aspects of the programme.


Also, Malaysia has been awarded the choice market for the Japanese since 2006 by the Japan Longstay Foundation.


A total of RM12.8bil was generated in tangible benefits and total receipts for the local economy as of February this year, the Minister noted.


“The collection from visa fees alone is RM7.5mil annually and fixed deposits stands at RM4.9bill and car purchases of RM148mil,” Nazri added.


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