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What are the government’s initiatives to attract foreign talent?

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The Malaysian government has implemented various initiatives to attract foreign talent in recent years. These initiatives include:

  1. Malaysia My Second Home (MM2H) Program: This program allows foreigners to stay in Malaysia on a long-term basis, typically for a period of 10 years. Participants are granted a renewable visa that allows them to stay in Malaysia without the need for a work permit.
  2. Malaysia Tech Entrepreneur Program (MTEP): This program is designed to attract foreign entrepreneurs and tech talent to Malaysia. It offers various incentives, including a one-year visa, access to co-working spaces, and financial assistance for startups.
  3. Employment Pass (EP) Program: The EP program is designed for foreign professionals who are employed by Malaysian companies. The program offers a two-year visa that can be renewed, provided that the employee continues to meet the eligibility criteria.
  4. Malaysia Digital Economy Corporation (MDEC): MDEC is a government agency that is responsible for promoting the growth of the digital economy in Malaysia. It offers various programs and initiatives to attract foreign tech talent and encourage entrepreneurship in the technology sector.
  5. TalentCorp: TalentCorp is a government agency that is focused on attracting and retaining talent in Malaysia. It offers various programs and initiatives, including the Returning Expert Programme (REP), which is designed to encourage Malaysians working abroad to return to Malaysia.

Overall, these initiatives aim to make Malaysia an attractive destination for foreign talent by offering various incentives, such as long-term visas, financial assistance, and access to co-working spaces. By attracting foreign talent, Malaysia hopes to accelerate the growth of its economy and enhance its competitiveness in the global marketplace.

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