Malaysia now offers two investment-based programs that offer foreign nationals the opportunity to come to the country: The Premium Visa Program (PVIP) and the Malaysia My Second Home (MM2H) program. Both programs grant temporary residency permits with different validity periods. While MM2H was temporarily suspended due to the Covid-19 pandemic and later reinstated under tightened conditions, the PVIP was launched by the Malaysian authorities in October 2022.
Access to Malaysia’s investment migration programs
The Premium Visa Program (PVIP)
Starting October 1, 2022, foreign investors will have the opportunity to avail the new investment visa, the Premium Visa Program (PVIP). This visa can be extended over a period of 20 years and can also be extended to spouses, immediate family members, parents, in-laws and household employees. No minimum attendance is required to maintain the visa.
A minimum investment of RM1 million (equivalent to US$216,000) in fixed deposit with a local bank is required to be eligible for the PVIP. In addition, a proven monthly income of at least RM 40,000 (approximately US$ 9,000) from offshore sources must be guaranteed.
The one-time application fee for the PVIP is RM200,000 (approximately US$45,000) for the primary applicant and an additional RM100,000 (approximately US$22,600) for each dependent. There is an annual pass fee of RM2,000 (approximately US$450).
In addition, applicants must have health insurance in Malaysia and a police clearance certificate from their home country.
PVIP holders have the opportunity to work or study in the country, start their own businesses and acquire real estate for personal, business or industrial purposes.
One year after receiving the visa, investors are allowed to withdraw up to 50% of their deposited amount to finance, for example, real estate purchases or education and health care expenses.
Applications for the PVIP can be submitted by applicants of any age and cash is not a requirement. The applicant’s passport should be valid for at least 24 months when the application is submitted.
Interested persons must initiate the application process via an authorized agency. After filing an official application, provisional approval is expected to be granted within approximately 60 working days.
Malaysia – My Second Home (MM2H)
The MM2H visa requires a minimum deposit of RM1 million and a monthly income of at least RM40,000 (about $9,000) from foreign sources.
To be eligible to enter, applicants must provide proof of cash equivalents of at least RM1.5 million (approximately US$340,000) and be at least 35 years of age.
Fees for processing the MM2H application are RM5,000 (approximately $1,100) for the main applicant and RM2,500 (approximately $565) for each additional eligible applicant.
The MM2H visa is granted for a period of five years and is renewable. Visa holders must stay in the country for at least 90 days per year.
MM2H visa holders have the opportunity to become shareholders in companies but are not permitted to engage in any business activities or otherwise seek employment or training.
The Global Citizenship Investment Worldwide Group is a leading professional International Business Investment and Advisory Firm for Foreign Economic Relations, with 17th. departments in different Countries and the Headquarter in Malaysia.
(GCI UNIT Worldwide), designs and implements customized, holistic strategies for successful investors and entrepreneurs to legally reduce their tax bills, diversify and protect their wealth, invest abroad, gain a second citizenship and live a freer life worldwide to lead.
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