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)

Comparison in between PVIP and MM2H

*Please refer to the MM2H

CRITERIA	PREMIUM VISA PROGRAMME (PVIP)	MY SECOND HOME (MM2H)
Application Age	No age requirement	25 and above SEZ Category: 21 and above
Foreign Income Proof	RM 40,000 (monthly) or RM 480,000 (annually)	Not applicable
Fixed Deposit Placement (in Malaysia)	Mandatory with minimum RM 1,000,000	Mandatory with a minimum Fixed Deposit amount*
Property Purchase (in Malaysia)	Not mandatory	Mandatory with a minimum purchase price*
Annual Minimum Stay	Not applicable	At least 90 days a year
Business, Investment and Employment	Applicable	Only applicable to platinum category
Foreign Maid Hiring	Applicable	Only applicable to platinum category
Education	Applicable	Applicable
Healthcare	Applicable	Applicable
Visa Duration	20 years (renewable for another 20 years)	5 years to 20 years (renewable)*

Application Process

Appointment

Principal Applicant To Attend Engagement Meeting (In-Person / Virtual) And Appoint MY PR PROGRAM SDN BHD 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. Translated, Notarised and Certified True Copy (CTC) by the Malaysian Embassy / High Commission / Consulate General.
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
Source of income proof	Main applicant	Certified by respective company

PVIP Government Fee at a Glance

	Main Applicant	Each Dependents
Participation Fee	RM 200,000	RM 100,000
Pass Fee (Per Year)	RM 2,000	RM 2,000
Multiple Entry Visa Fee (Per Year)	Based on existing rates by country	Based on existing rates by country
Security Bond	Based on existing rates by country	RM 10

Attractive Features of PVIP

No age restrictions
Less hassle once approved, visa valid for 20 + 20 years
No minimum stay requirement
Principal and Dependants enjoy same benefits
Tax Exemption of Off-shore income as Malaysia signed DTA Agreement with multiple countries
Tax Exemption of Foreign-sourced income
Able to 100% foreign own a company without local director
Able to open Malaysia Bank Account
Allowed to conduct active investments in permitted fields.
Allowed to purchase real estate for residential, commercial or industrial purposes (subject to state laws) with no distinction from Malaysian citizens.
Can be accompanied by dependants such as spouse(s), child(ren), parent(s), in-law(s), and one foreign domestic helper subject to existing immigration laws.
It is possible to apply for Permanent Residency (PR) after a period of 5 – 10 years by meeting the PR criteria, which involve investments and contributions in business.

Required Documents

Copy of passport (biodata page and current pass including the cover);
Copy of marriage certificate (for legal spouse) translated into English (if applicable) and attested / Certified True Copy (CTC) by the respective Embassy / High Commission / Consulate General or Consulate General in Malaysia;
Copy of Birth Certificate (biological / stepchild / legally adopted) translated into English (if applicable) and attested / Certified True Copy (CTC) by the respective Embassy / High Commission/ Consulate General or Consulate General in Malaysia;
Bank statements to prove offshore income
Letter of good conduct from residing country
And other miscellaneous documents

MY PVIP Privileges

Applicants appointing MY PR PROGRAM SDN BHD directly or through our business associates as their PVIP Processing Agent will enjoy:

Personalised service by a dedicated PVIP Consultant backed by a team who are available to advise and assist with your application every step of the way to ensure the best chance of success.

Frequently Asked Questions

What is the Malaysia Premium Visa Programme (PVIP)?

PVIP Malaysia is a long-term residency visa that enables investors, entrepreneurs, and foreign talents to live and work or study in Malaysia for up to 20 years.

What are the benefits of PVIP?

No age limits;
In the form of approval for up to 20 years with Multiple Entry Visa (MEV) facilities;
Exemption of minimum staying requirement;
Participants are also allowed to work and carry out legal business activities in accordance with the laws of the country;
Permission to study;
Permission to purchase real estate for residential, commercial or industrial purposes;
Conduct active investments in permitted fields; and
Participants can be accompanied by spouses, children, parents and foreign domestic helpers.

What are the application requirements?

Earn an offshore income of RM40,000.00 per month or RM480,000 annually;
Open a fixed deposit account of RM1,000,000 with a licensed bank in Malaysia;
To pay Participation Fees (RM200,000 for Principal and RM100,000 for Dependents); and
All applications are required to be made through an authorized agency appointed by the Immigration Department of Malaysia.

Can I work in Malaysia, any limitation?

Yes, visa holder can work in any company in Malaysia without applying an extra employment pass, no limitation as long as it obeys Malaysia’s law.

Will my dependants enjoying same benefits as Principal?

Yes, everyone enjoys same benefits.

Can I / my dependants study in Malaysia?

Yes, visa holders can study in Malaysia without age limitation and applying an extra student pass.

What happens when my dependants reach 21 years old?

They could top up RM100k participation fee to become a new Principal if they wished to continue using PVIP visa.

What are the financial criteria?

To provide bank statement(s) showing proof of having an offshore income of at least RM 40,000 monthly, or RM 480,000 annually.
To have a fixed deposit account of RM 1,000,000 with no withdrawals allowed on the principal in the first year.
To pay the participation fees of RM 200,000 for the Principal Applicant and RM 100,000 for each dependant upon application submission

Is partial withdrawal from the fixed deposit allowed after one (1) year from the date of the first PVIP endorsement?

Withdrawal of 50% from the fixed deposit after one (1) year is allowed with a letter of recommendation from the Immigration Department for the purpose of real estate investment, medical and educational expenses only.

Can I use the RM 1 million investment to invest in property instead of pledging as fixed deposit with bank?

Cannot, the RM 1 million must be placed as fixed deposit in the bank with no withdrawal allowed for the first year. However, you can withdraw RM 500,000 after a year, it could only be used for medical, education and purchasing real estate purposes. Interest issued by bank are allowed to withdraw for daily use.

How do I submit my application?

All applications MUST go through an appointed PVIP agent registered with IDM.

Must I contact A PVIP agent?

Yes. Applications can only be process by an appointed PVIP agent who is registered with IDM. A list of appointed authorised agents is published on the IDM website.

Authorised PVIP Application Agencies

If I have dual citizenship, do I have to provide a letter of good conduct for both countries?

No, only must provide a letter of good conduct from the country that you are currently residing in.

Will I lose my current citizenship when applying for PVIP?

No, you won't lose your citizenship as this is a visa instead of citizenship application.

What is the definition of dependant(s)?

Dependant(s) are as follows, and the pass is issued to the person who is related to the Principal Applicant:

Spouse(s) of Principal Applicant;
Child(ren) below 21 years old (biological / stepchild / legally adopted) of the Principal Applicant;
Disabled Child(ren) regardless of age (provision of a letter of confirmation from a medical specialist / general practitioner);
Parent(s) and in-law(s) of the Principal Applicant.

Can I bring my foreign domestic helper?

Principal PVIP pass holders are allowed to bring in one domestic helper from the country of origin subject to existing foreign domestic helper regulations.

Can I register company in Malaysia?

Yes, visa holders allowed to register 100% foreign-owned company in Malaysia.

Can I become director of the company?

Yes, visa holders allowed to hire themselves as company director instead of hiring local director.

What is the company tax rate in Malaysia?

Company tax rate will range in between 17% - 24%

Is income generated overseas taxable in Malaysia?

Income generated outside of Malaysia will not be taxed, as Malaysia had double tax agreement (DTA) with multiple countries to avoid double taxation.