The Premium Visa Programme is now accepting applications. Applicants must have an offshore income of RM40,000 per month or RM480,000 per year to be eligible for the 20-year approval.
Malaysia’s Premium Visa Programme (PVIP), which was launched in September of this year, is a long-term resident visa that allows international talent, investors, and entrepreneurs to live, work, or study in Malaysia for up to 20 years.
The applicant gains multiple entry visa (MEV) facilities as a result of the 20-year visa validity acceptance.
Applicants of all ages are welcome to apply for the PVIP. They may be joined by their spouse, children, parents, and foreign domestic workers.
The programme waives the minimum stay restriction, and participants are permitted to work and engage in lawful commercial operations in compliance with Malaysian legislation. They are also allowed to research and buy real estate for residential, commercial, and industrial uses. They may also pursue active investments in permitted fields under the PVIP.
Applicants must fulfil the following conditions to be eligible for the premium visa programme:
- Earn a monthly income of RM40,000.00 or an annual income of RM480,000.
- Open a RM1,000,000 fixed deposit account with a Malaysian approved bank.
- Participation costs must be paid (RM200,000 for principal, and RM100,000 for dependents).
- All applications must be made through an authorised agency designated by Malaysia’s Immigration Department (JIM).
There are also various terms and conditions to be aware of before applying.
- Before PVIP consultants/agencies submit the online application, they must pay a 10% initial participation cost of RM200,000 for each quota of applicant accepted by the Ministry of Home Affairs (MOHA). Once the online application is approved, the remaining amount of the participation cost, pass fee, visa fee, and security bond will be paid.
- Fees for participation are non-refundable. All payments must be paid electronically (FPX).
- Passports must be valid for at least 24 months.
- PVIP permission is valid for 20 years and is granted using the 5+5+5+5 year process, subject to passport validity.
- After one year from the date of entering the plan, ownership of a fixed savings account of at least RM1,000,000 is required, and a 50% withdrawal on the principal value is permitted to acquire property, health, and education costs.
- Security screening of candidates and dependents has been approved by the Royal Malaysian Police.
- Provide applicants with a security bond and personal bonds for dependents, subject to eligibility rates based on nationality.
Consultants/agencies must upload these materials online.
- The passport’s biodata page (both applicants and dependents)
- The CGC must be in English or translated into English and confirmed by the Malaysian Embassy/Consulate.
- Applicants’ and dependents’ resumes must include the following information.
- Marriage and divorce certificates (if accompanied by spouse and/or children) must be in English or translated into English and verified by the Malaysian Embassy/Consulate.
- Legal custody papers (for sole custody) and a letter of authority from another parent (for divorced parents accompanied by children)
- Birth certificates/legal paperwork (if children/adopted children/stepchildren/parents are present). These documents must be in English or be translated into English and confirmed by the Malaysian Embassy/Consulate.
- Verification letter from a medical specialist/general practitioner (if accompanied by children with disabilities over the age of 21)
- After PVIP clearance has been acquired, a medical form must be completed by a clinic or hospital recognised in Malaysia.
For more information about PVIP Malaysia, please visit https://mypvip.com/