Malaysia Premium Visa Programme (PVIP)
Malaysia’s Premium Visa Programme (PVIP)
Starting from October 1st, 2022, Malaysia welcomes applications from affluent foreigners to participate in the Premium Visa Programme (PVIP), a “Residency Through Investment” concept that allows foreigners to invest and reside in Malaysia for 20 years, with an option to extend for another 20 years thereafter.
PVIP Requirements
Investment
Principal applicants are required to make a local fixed deposit placement of RM 1,000,000 with no withdrawals allowed on the principal value for the first year; while up to a 50% withdrawal from the principal value will be allowed after.
Proof of Foreign Income
Principal applicants are required to provide proof of offshore income of at least RM 40,000 a month or RM 480,000 a year.
Letter of Good Conduct
Principal applicants are required to provide a Letter of Good Conduct from the authorities of the country they are currently residing in.
Medical
All applicants and their dependants are required to submit a medical report from any private hospital or registered clinic in Malaysia, and proof valid local medical insurance coverage.
Participation Fee
Principal applicants are required to pay a one-off RM 200,000 participation fee; and a one-off RM 100,000 participation fee will be levied for each dependent.
Advantages of PVIP over MM2H
| CRITERIA | PREMIUM VISA PROGRAMME (PVIP) | MALAYSIA MY SECOND HOME (MM2H) |
|---|---|---|
| Applicant age | No age requirement | 35 and above |
| Foreign income proof | RM40,000 (monthly) or RM480,000 (annually) | RM40,000 (monthly) |
| Liquid asset proof | Not applicable | RM 1.5 million |
| Investment (fixed deposit in Malaysia) | RM 1 million | RM 1 million |
| Minimum stay in Malaysia | Not applicable | 90 days |
| Eligible to conduct business, seek employment and enroll in education | Applicable | Not applicable |
| Property investment | In accordance with state government requirements on foreigner minimum purchase price | |
| Duration | 20 years (renewable for another 20 years) | 5 years (renewable) |
Application Process
Principal Applicant To Attend Engagement Meeting (In-Person / Virtual) And Our company As PVIP Processing Agent
Pre-Screen
Principal Applicant To Prepare Required Documents And Submit To MY PR PROGRAM SDN BHD For Pre-Screening
Payment
Principal Applicant to make payment of PVIP Agent processing fee (MY PR PROGRAM SDN BHD)
Submission
PVIP Agent To Submit Formal Application To IDM For Approval (Estimated Time Of 60 Working Days To Obtain Conditional Approval)
Approval
Principal Applicant Make Payment Of The Participation Fee(s) and will need to travel to Malaysia to submit the Supplementary Documents:
Proof of Fixed Deposit Of RM 1,000,000
Medical Check-Up Report
Proof Of Malaysian Medical Insurance
Collection
Principal Applicant To Present Valid Passport For PVIP Visa Collection
Required Document
| ITEMS | ||
|---|---|---|
| Copy of passport | All applicant | Biodata page and all exit and entry stamped page |
| White background passport size photo | All applicant | Photo size : 35x50mm |
| Letter of Good Conduct | All applicant | Issued by country of origin or current country of residence |
| Marriage certificate (For legal spouse) | Main applicant | Translated, Notarised and Certified True Copy (CTC) by the Malaysian Embassy / High Commission / Consulate General |
| Birth certificate (Biological / stepchild / legally adopted) | All children | Translated, Notarised and Certified True Copy (CTC) by the Malaysian Embassy / High Commission / Consulate General |
| Bank statement to prove offshore income *Income above RM 40,000 (monthly) or RM 480,000 (annually) | Main applicant | Certified by Bank |
