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
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

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.