non renewal of MM2H Visa
#1
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non renewal of MM2H Visa
Hi Guys
I have just been speaking to someone who told me knows of 2 people who tried to renew their MM2H Visa's (after 10 years) and were declined
Apparently they not political people, never been in trouble and have ample amounts of money
Does anyone know of similar cases, are they closing down MM2H slowly
Regards
Chris
I have just been speaking to someone who told me knows of 2 people who tried to renew their MM2H Visa's (after 10 years) and were declined
Apparently they not political people, never been in trouble and have ample amounts of money
Does anyone know of similar cases, are they closing down MM2H slowly
Regards
Chris
#2
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Joined: Mar 2012
Posts: 86
Re: non renewal of MM2H Visa
Hi Guys
I have just been speaking to someone who told me knows of 2 people who tried to renew their MM2H Visa's (after 10 years) and were declined
Apparently they not political people, never been in trouble and have ample amounts of money
Does anyone know of similar cases, are they closing down MM2H slowly
Regards
Chris
I have just been speaking to someone who told me knows of 2 people who tried to renew their MM2H Visa's (after 10 years) and were declined
Apparently they not political people, never been in trouble and have ample amounts of money
Does anyone know of similar cases, are they closing down MM2H slowly
Regards
Chris
What is the reason of the refusal?
#3
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Re: non renewal of MM2H Visa
I don't believe any reason was given. They have the right to refuse and not discuss it
#4
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Re: non renewal of MM2H Visa
Just a guess: could it be that those people did not have a regular income stream (e.g. monthly pension)? One of the requirements, according to the MM2H website, is "Current Proof Of 3 Month Offshore Income RM10,000 And Above".
#5
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Re: non renewal of MM2H Visa
I would need to check on the income stream, you would expect that to be irrelevant if you have many millions in cash sitting in the bank
#6
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Re: non renewal of MM2H Visa
With 'many millions in the bank', the dividends/interests should depending of course the currency, reach the required amount.
But I wonder about the requirement specifying 'offshore income'.
What if the millions are brought into Malaysia and generate interest here?
That income would not be offshore....
But I wonder about the requirement specifying 'offshore income'.
What if the millions are brought into Malaysia and generate interest here?
That income would not be offshore....
#7
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Re: non renewal of MM2H Visa
When I applied for MM2H in 2015 was I told in clear wording by the MM2H agency that income stream from dividends and interest do not count. You can have multiple millions in GBP, USD or Euro in the bank and being refused MM2H.
They want to see an income stream coming from conventional sources such as paid labour (i.e. a job) or a guaranteed pension plan. I have the impression that they are not yet as flexible in recognizing other forms of income.
They want to see an income stream coming from conventional sources such as paid labour (i.e. a job) or a guaranteed pension plan. I have the impression that they are not yet as flexible in recognizing other forms of income.
#9
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Re: non renewal of MM2H Visa
As we were talking about a visa renewal being rejected and not an initial MM2H application and because a MM2H visa holder is allowed to hold bank accounts and other investments in Malaysia, I would assume that an income stream from Malaysia is not something unusual.
Therefore I was a bit doubtful whether the wording 'offshore' really was cast in stone.
Therefore I was a bit doubtful whether the wording 'offshore' really was cast in stone.
Last edited by Gunnar45; Jun 23rd 2016 at 10:29 am.
#10
Re: non renewal of MM2H Visa
When I applied for MM2H in 2015 was I told in clear wording by the MM2H agency that income stream from dividends and interest do not count. You can have multiple millions in GBP, USD or Euro in the bank and being refused MM2H.
They want to see an income stream coming from conventional sources such as paid labour (i.e. a job) or a guaranteed pension plan. I have the impression that they are not yet as flexible in recognizing other forms of income.
They want to see an income stream coming from conventional sources such as paid labour (i.e. a job) or a guaranteed pension plan. I have the impression that they are not yet as flexible in recognizing other forms of income.
#11
Re: non renewal of MM2H Visa
When I applied for MM2H in 2015 was I told in clear wording by the MM2H agency that income stream from dividends and interest do not count. You can have multiple millions in GBP, USD or Euro in the bank and being refused MM2H.
They want to see an income stream coming from conventional sources such as paid labour (i.e. a job) or a guaranteed pension plan. I have the impression that they are not yet as flexible in recognizing other forms of income.
They want to see an income stream coming from conventional sources such as paid labour (i.e. a job) or a guaranteed pension plan. I have the impression that they are not yet as flexible in recognizing other forms of income.
I am only guessing, but suspect some MM2H applicants may have tried to ‘game the system’ i.e. demonstrating they meet the MM2H monthly income and liquid asset requirements by pooling, borrowing, and/or moving money around between family and friends, and applying for MM2H separately over a period of time. Some recent tightening up of the rules suggests this problem exists.
My understanding was that MM2H’ers were not required to re-prove their income on expiry and renewal of their first 10 year MM2H pass, but perhaps this has now changed?
It would be interesting to know the nationality of the MM2H’ers who had their renewal application rejected, and whether there was a significant change in income streams between their first application and the renewal application. For example, salaried employee on first application, but only investment dividend income on renewal.
JC3
#12
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Re: non renewal of MM2H Visa
JC3,
Yes, the rules have changed, it happened a few years ago.
Originally it was only required to prove income at the first visa application (if the application was made based on the FD option), but now also income has to be shown regardless of under which option the visa was granted.
I also confirmed this with the agent I used.
Yes, the rules have changed, it happened a few years ago.
Originally it was only required to prove income at the first visa application (if the application was made based on the FD option), but now also income has to be shown regardless of under which option the visa was granted.
I also confirmed this with the agent I used.
#13
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Re: non renewal of MM2H Visa
Brits who use UK pensions as their income-stream may suffer when the value of the pound deflates.... given a brexit exodus.
I simply cannot imagine Malaysia giving-up on an MM2Hr who genuinely stayed in Malaysia, contributing to the economy and not having cheated in the first acceptance.... being rejected.
It doesn't make sense and, as Judge Judy always says, If it doesn't make sense....it isn't true...
I simply cannot imagine Malaysia giving-up on an MM2Hr who genuinely stayed in Malaysia, contributing to the economy and not having cheated in the first acceptance.... being rejected.
It doesn't make sense and, as Judge Judy always says, If it doesn't make sense....it isn't true...
#14
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Re: non renewal of MM2H Visa
When I applied for MM2H in 2015 was I told in clear wording by the MM2H agency that income stream from dividends and interest do not count. You can have multiple millions in GBP, USD or Euro in the bank and being refused MM2H. They want to see an income stream coming from conventional sources such as paid labour (i.e. a job) or a guaranteed pension plan. I have the impression that they are not yet as flexible in recognizing other forms of income.
I got my information not from a greedy agent but directly in theMM2H center Putrajaya. The counted together all my dividend and interest income because my "income stream coming from conventional sources such as paid labour (i.e. a job) or a guaranteed pension plan" would have not met the criteria.
Also I would be careful with any information from "someone who told me knows of 2 people".
#15
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Re: non renewal of MM2H Visa
I am asking for further information on this to see if there was an ulterior reason why their Visa's were unable to be renewed.