I’m a business person, and I am very worried if foreigners can obtain mm2h easily.
Many of you who doesn’t run business might not know that many industry is facing fierce competition from China now. In fact, China company trash us so hard , we lose in pricing and speed.
1. Building material industry. Do you know for the past 3 years many China came in and set up building material company in Malaysia? Some use Malaysia citizen ic to set up company but belakang all China boss. Do you know 90% developer such as mah sing, jl99, ak, trinity, akisama, sp setia, ew etc are using these china building material due to cost cutting? Yes they are cheap and their quality is not on par with Malaysian but who cares? Everyone wants a cheaper house which forced developer to use them.
2. Building industry. See how many China developer / contractor in Malaysia now. I don’t have to explain much.
3. Courier company (many China coming in)
4.small business, selling textile, liquor, hardware, etc etc . They are coming in and setting up company in Malaysia, trashing all the sme in Malaysia .
Soon every industry u will see China ppl controlling our market!
PS: i am speaking from a SME point of view. my company has been in this market for the past 30 years, not kacang putih company. i can see many of my "competitor" is slowly eliminated by these china company. Simply because we can NEVER win their price. We DO win in terms of quality.. but nowadays people look at PRICE first.. fact.
Mm2h can only invest in business passively. If they set up business via proxy, then doesnt matter if they have mm2h visa or not. They can still conduct business from china via proxy.