Q&A on Malaysia Premium Visa Investor Programme (PVIP)
Q: | What is the duration for PVIP visa? |
A: |
The visa term for PVIP is 20 years, with an option to renew every 20 years. |
Q: | Who can apply for PVIP? |
A: |
PVIP applicants can be of any age, as long as they have a minimum offshore income of RM40,000 per month or RM480,000 per year, and can provide a letter of good conduct confirming that they do not have a criminal record in their country of residence. |
Q: | What are the post approval requirements for PVIP application? |
A: |
The PVIP applicants are required to open a fixed deposit account of RM1 million with a licensed bank in Malaysia, pass a medical check up and purchase health insurance (for applicants below 60 years old). |
Q: | Can PVIP applicants bring along their dependants to Malaysia? |
A: |
Yes, PVIP applicants can be accompanied by spouse, unmarried children below the age of 21, parents and parents-in-law. |
Q: | Can PVIP applicants bring a domestic helper to Malaysia? |
A: |
Yes, PVIP applicants are permitted to bring in one domestic helper with them. |
Q: |
Is there any minimum stay required in Malaysia per year? |
A: |
PVIP applicants are not required to meet any minimum stay criteria. |
Q: |
What are the other benefits that a PVIP holder can enjoy? |
A: |
A PVIP visa holder is allowed to work, invest, conduct business, study and purchase property in Malaysia, allowing for greater integration and participation in the country’s economy and community. |