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Rasmale' residents to get special visa subject to periodic renewal
Attorney General Ahmed Usham said foreigners buying property and settling in Rasmalé under the government's project with Eagle Hills will be granted a special visa subject to periodic renewal, modeled on Malaysia's "My Second Home" (MM2H) program. He said the arrangement will fall outside the stalled Pearl Residency framework run with Henley & Partners, and that the government intends to issue a Corporate Residence Visa under the Immigration Act for Rasmalé settlers.
Sources1carried itAE1 of 19 news outlets we monitor
Figures2as written, with their sentences
One outlet so far Only Adhadhu (English) has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
Who said what
the reports' own quoted words, each once
If we introduce such a program, it will follow that same model.
The reason this is stalled—why the Pearl Visa remains unfinished—is because the investors for Rasmalé do not agree that the approach proposed by Henley & Partners is the right way forward
We will not be issuing visas to those involved in the Rasmalé real estate business under the Pearl Residence Visa. Because we are still in the process of drafting these laws, a final decision has not yet been reached
Attorney General (AG) Ahmed Usham · Foreign nationals purchasing property and settling in Rasmalé under the government's project with Eagle Hills will be granted a special visa subject to periodic renewal
Attorney General (AG) Ahmed Usham · Government intends to issue a Corporate Residence Visa under the Immigration Act for those settling in Rasmalé, outside the Pearl Residence framework
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Figures in these reports
as written, with the sentence they come from
10-yearVisa validity granted under Malaysia's MM2H program described as the modelAdhadhu (English)In [the Malaysian program], once they invest a specific amount or maintain a certain balance in a bank account for a year, they are granted a 10-year visa. This means they don't have to renew it for 10 years; it remains valid for that duration.
Word for word from the report in Adhadhu (English). Open the report
After 10 yearsRenewal cycle for the visa after its initial validityAdhadhu (English)After 10 years, they must renew it, provided they continue to meet the specified requirements," Usham explained.
Word for word from the report in Adhadhu (English). Open the report