.He said the State Cabinet has approved the SMM2H programme to be launched once the final details are firmed up and adjustments made. “It will make Sabah more attractive to foreigners wishing to move and live in the State.“Sabah’s programme will not follow the new requirements meted out by the federal MM2H. With our own SMM2H, we aim to make Sabah more attractive to foreigners wishing to move to and live in Sabah.
“This will be achievable if the policies of the Sabah MM2H are simplified and made easy to comply with,” said its President Datuk Chua Soon Ping. Chua said Hajiji lowered the threshold for foreign ownership of properties in Sabah from RM1 million to RM600,000, effective April 6, 2022. “The requirements for the peninsula MM2H are still very high — applicants are required to deposit RM1 million into a merchant bank, plus a monthly income of over RM40,000 and a minimum stay of 90 days,” he said.
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