Virtual MacOS VM on new M1 MacBook Pro

[Frankenstein's Fat Foot]

Here's the situation.

Got a MBP early 2015 for personal stuff (iCloud photos etc., personal banking, running YNAB4, eBay etc. literally nothing more intensive than this) works great.

Getting a new 14" M1 MBP for work next week.

Rather than deal with two Macs and fiddling with cables etc, can I run a personal Mac OS VM inside the new work 14" M1 MBP?

Main questions:

- Im a technical person and always used KVM/virtualbox on Windows/Linux. Can I do this with off the shelf software like Parallels? Paid is no problem if it solves this. All the Parallels literature seems to point out Windows virtualised on M1 which I am not interested in. I don't want to start cloning random GitHub repo full of unsupported scripts linked off a iffy blog post either.

- Can I log into my work iCloud on the host machine and my personal iCloud account on the VM at the same time? I've seen a few posts scattered around from last year that say this is not possible but I think these were based on the method with the GitHub clones above. I have a gut feeling their might need to be some kind of ID of the hardware to prevent this from working.

Thanks in advance

 

[1deadhead]

You might want to have a look here

KB Parallels: Install macOS virtual machine on a Mac with Apple silicon

1. It's possible to create virtual machines only.

kb.parallels.com

At the moment running OSX on parallels is a bit limited. I've been running it myself on a 14" M1 and it runs fine, but you can't change the screen resolution or suspend the VM which is a real pain.