Residence permit through investment in Malaysia
Malaysian residency for foreigners is available through the Malaysia Premium Visa Programme (PVIP). The programme aims to attract foreign investors by offering them the opportunity to reside in the country for 20 years. It is part of the country’s economic development strategy.
PVIP offers numerous opportunities for education, employment, investment, and business operations. Participants can include relatives in their application, including a spouse, biological and adopted children under 21, and parents, although this requires additional fees.
The applicant must open a fixed deposit account of MYR 1 million (USD 214,000) in a licenced Malaysian bank. Half of these funds can be withdrawn after a year for investment in real estate, children’s education, or medical treatment.
All candidates must have a stable income outside the country of at least MYR 40,000 (USD 8,500) per month or MYR 480,000 (USD 102,000) per year. Additionally, a one-time fee of MYR 200,000 (USD 43,000) for the main applicant and MYR 100,000 (USD 21,500) for each dependent must be paid. Fee amounts may vary depending on the current exchange rate, so it is advisable to check them before starting the residence permit application process.
The visa is valid for 20 years and can be renewed for another 20 years. After 10 years of residing in the country, the holder of the long-term visa can apply for Malaysian citizenship, but they will need to pass a language proficiency test and renounce their original citizenship.
Malaysia residence permit requirements
- Investments in the economy: from USD 214,000.
- Income of at least USD 8,500 per month outside the country.
- No criminal record.
- Good health.
- Payment of additional fees (from USD 43,000).