Applications for the Premium Visa Programme are open. To be eligible for the 20-year approval, applicants must earn an offshore income of RM40,000 monthly, or RM480,000 annually.
Introduced in Sep this year, Malaysia's Premium Visa Programme (PVIP) serves as a long-term residency visa that enables foreign talent, investors, and entrepreneurs to live, work or study in Malaysia for up to 20 years.
The 20-year visa validity approval sees the applicant gain multiple entry visa (MEV) facilities.
The PVIP is open to applicants of all age groups. They may be accompanied by a spouse, children, parents, and also foreign domestic helpers.
The programme provides an exemption of a minimum staying requirement, and participants are allowed to work and carry out legal business activities in accordance with Malaysia laws. They are also granted permission to study and purchase real estate for residential, commercial, and industrial purposes. Under the PVIP, they may also conduct active investments in permitted fields.
To be eligible for the premium visa programme, applicants must meet the following requirements:
- Earn an offshore income of RM40,000.00 monthly, 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).
- All applications are to be made through an authorised agency appointed by the Immigration Department of Malaysia (JIM).
Further, there are several terms and conditions to be noted when applying.
- Payment of 10% initial participation fee of RM200,000 for each quota of applicant approved by the Ministry of Home Affairs (MOHA) must be paid before PVIP consultants/agencies submit the online application. The remaining balance of participation fee, pass fee, visa fee and security bond will be paid once the online application is approved.
- Participation fees are non-refundable. All payments must be made through online payment (FPX).
- Passports should have a validity of at least 24 months.
- PVIP approval is for a period of 20 years, and is given through the 5+5+5+5 year method, subject to the validity of the passports.
- Ownership of a fixed saving account of at least RM1,000,000 and a withdrawal of 50% is allowed on the principal value to purchase property, health and education expenses after one year from the date of joining the programme.
- Approval from the Royal Malaysian Police security screening to be conducted on applicants and dependents.
- Provide security bond for applicants and personal bonds for dependents subject to eligibility rates according to nationality.
These documents are to be uploaded by consultants/agencies online
- The biodata page of the passport (both applicants and dependents)
- Certificate of good conduct (CGC) must be in English or translated into English and certified by the Malaysian Embassy/Consulate
- Resume of applicants and dependents must include the following information
- Marriage certificates (if accompanied by spouse and/or children) and divorce certificates (if accompanied by children) must be in English or translated into English and certified by the Malaysian Embassy/Consulate
- Legal custody documents (for sole custody) and letter of authorisation from another parent (for divorced parents accompanied by children)
- Birth certificates/legal documents (if accompanied by children/adopted children/stepchildren/parents). These certificates must be in English or translated into English and certified by the Malaysian Embassy/Consulate
- Letter of verification from medical specialists/general practitioner (if accompanied by children with disabilities over the age of 21)
- Medical form completed by a clinic or hospital registered in Malaysia after PVIP approval has been obtained
For further information, including the fees to be paid to JIM, click here.
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