MALAYSIA
Malaysia is one of Asia’s most vibrant economies due to its continued industrial growth and political stability. After gaining independence, Malaysia joined the British Commonwealth. A member of the UN and APEC, it is also a founding member of ASEAN. Malaysia offers excellent beaches, breathtaking scenery, and dense rainforests.
INVESTMENT
Minimum investment of MYR 1 million (approximately USD 212,000)
KEY BENEFIT
A 20-year, multiple entry visa, which effectively serves as a residence permit enabling the applicant and their family to live, work and conduct business in Malaysia
ACQUIRE MALAYSIAN RESIDENCE
The Government of Malaysia enables applicants and their families to live in the country through the Malaysia My Second Home (MM2H) Program or the Premium Visa Program (PVIP). In exchange for an investment into the country, successful applicants are granted a long-term multiple-entry visa.
The MM2H visa is a 10-year, multiple-entry visa. MM2H applicants must be at least 35 years old. Main applicants and their spouses must spend 90 days per year in Malaysia (children, parents, and parents-in-law are exempt from this requirement).
The PVIP visa is a 20-year, multiple-entry visa, issued in five-year tranches. PVIP applicants can be of any age and may work and run a business in Malaysia. They are not required to reside in Malaysia.
BENEFITS OF MALAYSIAN RESIDENCE BY INVESTMENT
Straightforward, efficient residence by investment program
20-year residence visa, renewable for a further 20 years
No age restriction for main applicant
Live, work, and conduct business in Malaysia
Ability to include a spouse, parents, parents-in-law, and children who are not married and under 21 years old
No minimum stay requirement
Multicultural population and contemporary way of life
Option to purchase any number of residential properties, from MYR 300,000 (approximately USD 70,000) to MYR 1 million (approximately USD 212,000), which varies from state to state
Taxation only levied on income sourced in Malaysia, and an extensive network of double tax agreements in place
Requirements of the Premium Visa Program
To acquire Malaysian residence under PVIP, upon application submission, foreign nationals must submit proof of offshore income worth a minimum MYR 40,000 (approximately USD 8,500) per month or MYR 480,000 (approximately USD 100,000) per year.
UPON APPROVAL, SUCCESSFUL APPLICANTS:
Must invest MYR 1 million (approximately USD 212,000) into a local fixed deposit account. This investment must be maintained throughout the applicant’s stay in Malaysia under the program.
Note: Applicants may withdraw up to MYR 500,000 (approximately USD 106,000) after the first year if they wish, for approved expenses relating to a house purchase, education for their children in Malaysia, or medical expenses.
Need to purchase medical health insurance if they are aged 60 or below
Must undergo a medical check-up in Malaysia
PROCEDURES FOR MALAYSIAN RESIDENCE BY INVESTMENT
The Malaysia Immigration Department will issue a conditional approval letter to each approved applicant. The MM2H visa does not allow its holders to work in Malaysia. Both the MM2H and PVIP visas do not lead to permanent residence.
After the MM2H or PVIP application for residence has been submitted to the Malaysian government and initial approval has been granted, the client can visit the country to complete the remaining requirements (namely, opening a bank account and fulfilling the medical requirements). Henley & Partners will assist with this process.
Thereafter, full approval will be granted and the applicant and their included family receive their long-term multiple-entry visas to Malaysia (10 years under the MM2H program and 20 years under the PVIP).
Both the initial MM2H visa and the PVIP visa are valid for an initial period of five years and can be renewed thereafter.
MALAYSIA RESIDENCE BY INVESTMENT PROGRAM FREQUENTLY ASKED QUESTIONS
What is the Malaysia residence by investment program?
The Malaysia residence by investment program, known as the Malaysia Premium Visa Program (PVIP), grants residence to individuals and their families through significant economic contributions.
What are the investment options available for the Malaysia Premium Visa Program?
Investors must show proof of significant offshore income upon application submission. Once approved, applicants must invest a substantial amount into a local fixed deposit account, which must be maintained throughout their stay in Malaysia under the program.
What are the benefits of obtaining Malaysian residence through investment?
Benefits include the right to live, work, and study in Malaysia with a 20-year visa, access to a favorable tax regime, and a high quality of life.
What is the minimum investment required for the Malaysia Premium Visa Program?
The minimum investment starts at MYR 1 million into a local fixed deposit account.
How long does it take to process an application for the Malaysia Premium Visa Program?
Processing times for residence by investment applications may vary. Please contact us to find out more.
Can family members be included in the Malaysia Premium Visa Program application?
Yes, the main applicant can include their spouse, dependent children, and dependent parents in their application.
What are the residence requirements for the Malaysia Premium Visa Program?
There is no minimum stay or physical presence requirement to maintain residence.
What documents are required for the Malaysia Premium Visa Program application?
Required documents include a valid passport, proof of investment, health insurance, a clean criminal record, and other supporting documents.
Is it possible to obtain Malaysian citizenship through the residence by investment program?
No, obtaining Malaysian citizenship requires a separate and more stringent process.
What is the process for applying to the Malaysia Premium Visa Program?
Required documents include a valid passport, proof of investment or contribution, a clean criminal record, and other supporting documents.