The Premium Visa Programme (PVIP) is a long-term residency visa that enables investors, entrepreneurs, and foreign talents to live, work or study in malaysia for up to 20 years with an option to extend for another 20 years.
Contribution Requirements
- Pledge a local fixed deposit placement of RM1,000,000 with a licensend bank in Malaysia
- Provide proof of offshore income of at least RM40,000 monthly or RM480,000 annually
- Provide a letter of good conduct from the authority of the country the pricipal applicant is currently residing in
- Submit a medical report from any private hospital or registered clinic in Malaysia and proof of valid local medical insurance coverage
Advantage
- No age limit
- Long term residency of 20 years with an option to extend for an additional 20 years
- No minimum physical stay requirements.
- Allowed to work and carry out legal business activities in accordance with the laws of Malaysia
- Allowed to study
- Allowed to purchase real estate for residential, commercial, or industrial purposes
- Allowed to conduct active investments in permitted fields
- Participants can be accompanied by dependants such as spouse(s), child(ren), parent(s), in-law(s) and one foreign domestic helper
