The Premium Visa Programme in Malaysia was introduced in 2022 and is also known as PVIP in Malaysia. This programme is designed to attract foreign investors to reside in Malaysia for at least 20 years, respecting a few essential conditions. We invite you to discover in the following lines some interesting information about the PVIP Malaysia application and to collaborate with our Malaysian immigration lawyers.
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Some aspects of the Malaysian premium visa programme PVIP
Applicants for PVIP in Malaysia can obtain this visa with residence for 20 years and the possibility of renewal for another 20 years. Here are some of the most interesting features of the Malaysian Premium Visa Programme PVIP:
- PVIP in Malaysia is similar to the Golden Visa programme in countries like Singapore, Thailand, or Portugal.
- The programme is intended for entrepreneurs and foreign investors as well as people with diplomatic connections to Malaysia.
- With the help of dedicated investments, residency in Malaysia can be obtained.
- The number of candidates must not exceed 1% of the Malaysian population; if this threshold is reached, no more applications are accepted.
- An authorized agent is required to guide foreigners through the procedures related to the PVIP Malaysia application.
Given these interesting facts about PVIP in Malaysia, we invite you to discuss it with our attorneys in Malaysia and learn more about the formalities. Moreover, you can opt for our legal services if you want to obtain citizenship in Malaysia.
What are the main conditions for getting a PVIP visa in Malaysia?
The main condition to obtain a PVIP visa in Malaysia is a fixed deposit of RM 1 million and no withdrawals in the first year. 50% of this amount of investment can be withdrawn after this period. Here are other conditions that must be met to access PVIP in Malaysia:
- Applicants must offer proof of offshore income of at least RM 40,000 per month. An income of at least RM 480,000 per year is also accepted.
- Immigration authorities in Malaysia also require a Letter of Good Conduct from the country of origin of the applicants for PVIP in Malaysia.
- A participation fee of RM 200,000 is required for the main applicant. As for dependents of the main candidate, a fee of RM 100,000/dependant is paid.
- Also as part of the PVIP Malaysia application is a medical report obtained from a clinic in this country.
- Medical insurance coverage is also required for obtaining a PVIP visa in Malaysia.
These are some of the main requirements for obtaining the Malaysian Premium Visa programme PVIP. We advise you to seek specialized legal assistance from our lawyers in Malaysia. We can act as authorized agents and guide you on the formalities of PVIP in Malaysia.
What you need to know about the application process for PVIP in Malaysia
PVIP visa in Malaysia also involves an appointment in person or online with the immigration department, a matter where we can provide assistance. In addition, the pre-screen stage involves document submission, followed by payments for this investment program. But you can get more details from our specialists with experience in immigration to Malaysia.
In addition to assistance in obtaining PVIP in Malaysia, you can also contact us for other problems or information. For example, we can guide you in the business field because our commercial Lawyer in Malaysia is experienced in this sector. So, do not hesitate to contact our law firm in Malaysia and find out everything you are interested in about our legal services.