Straightforward, efficient residence by investment program
As one of Southeast Asia’s key tourist destinations, Malaysia offers excellent beaches, breathtaking scenery, and dense rainforests.
Malaysia allows foreign nationals who fulfil certain criteria to reside in Malaysia on a long-term, multiple-entry visa through two options:
1.Premium Visa Program (PVIP)
2.Malaysia My Second Home Program (MM2H), which is currently suspended
Minimum investment of MYR 1 million (approximately USD 212,000)
Three–four months
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
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
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
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). The whole process takes three to six months.
Both the initial MM2H visa and the PVIP visa are valid for an initial period of five years and can be renewed thereafter.
To Know More About Leading Residence and Citizenship by Investment Programs
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