FAQ
Our FAQ section is designed to provide you with the most up-to-date information and expert guidance on the PVIP scheme. Whether you’re exploring eligibility, understanding the application process, or planning your relocation, we’ve got you covered.
What is the Malaysia Premium Visa Programme (PVIP)?
PVIP Malaysia is a long-term residency visa that enables investors, entrepreneurs, and foreign talents to live and work or study in Malaysia for up to 20 years.
PVIP Malaysia is a long-term residency visa that enables investors, entrepreneurs, and foreign talents to live and work or study in Malaysia for up to 20 years.
What are the benefits of PVIP?
No age limits; In the form of approval for up to 20 years with Multiple Entry Visa (MEV) facilities; Exemption of minimum staying requirement; Participants are also allowed to work and carry out legal business activities in accordance with the laws of the country; Permission to study; Permission to purchase real estate for residential, commercial or industrial purposes; Conduct active investments in permitted fields; and Participants can be accompanied by spouses, children, parents and foreign domestic helpers.
What are the application requirements?
Earn an offshore and onshore income of at least RM40,000 per month (equivalent to RM480,000 annually), or possess a net worth of at least RM1 billion. Open a fixed deposit account of RM1,000,000 with a licensed bank in Malaysia A participation fee of RM200,000 is required for the Principal. The Dependent Pass is available for 10 years (RM50,000) or 20 years (RM100,000). All applications are required to be made through an authorized agent appointed by the Immigration Department of Malaysia.
Can I work in Malaysia, any limitation?
Yes, visa holder can work in any company in Malaysia without applying an extra employment pass, no limitation as long as it obeys Malaysia’s law.
Will my dependants enjoy the same benefits
as Principal?
Can I / my dependants study in Malaysia?
What happens when my dependants reach 25 years old?
- Yes, everyone enjoys same benefits.
Can I / my dependants study in Malaysia?
- Yes, visa holders can study in Malaysia without age limitation and applying an extra student pass.
What happens when my dependants reach 25 years old?
- When a dependent turns 25, they may become the principal by paying the remaining principal fee based on their initial dependent payment:
- • RM150,000 if RM50,000 was initially paid, or
- • RM100,000 if RM100,000 was initially paid, completing the total
- principal fee of RM200,000.
What are the Financial Criteria?
To provide bank statement(s) showing proof of having an offshore income and onshore income of at least RM40,000 monthly or RM480,000 annually, or proof of a net worth of at least RM1 billion. To have a fixed deposit of RM1,000,000 in a licensed bank in Malaysia, with withdrawal allowed after six (6) months. To pay a participation fee of RM200,000 for the Principal. The Dependent fee is RM50,000 (10 years) or RM100,000 (20 years), depending on the selected duration, payable upon approval.
When can partial withdrawal from the
fixed deposit be made after the first
PVIP endorsement?
Withdrawal of 50% from the fixed deposit after one (1) year is allowed with a letter of recommendation from the Immigration Department for the purpose of real estate investment, medical and educational expenses only.
Withdrawal of 50% from the fixed deposit after one (1) year is allowed with a letter of recommendation from the Immigration Department for the purpose of real estate investment, medical and educational expenses only.
Can I use the RM1,000,000 investment to
invest in property instead of pledging
as fixed deposit with bank?
- No. The RM1,000,000 must first be placed as a fixed deposit in a licensed bank in Malaysia. No withdrawal is allowed during the first six (6) months.
- After six (6) months, up to 50% (RM500,000) may be withdrawn for approved purposes such as business, medical, education, or property. Bank interest may be withdrawn for daily use.
How do i submit my application?
All applications MUST go through an appointed PVIP agent registered with IDM.
All applications MUST go through an appointed PVIP agent registered with IDM.
Must I contact a PVIP agent?
Yes. Applications can only be processed by an appointed PVIP agent who is registered with IDM. A list of appointed authorised agents is published on the IDM website.
Yes. Applications can only be processed by an appointed PVIP agent who is registered with IDM. A list of appointed authorised agents is published on the IDM website.
Is the certificate of Good Conduct (CGC) by Wisma Putra, Malaysia accepted?
Yes. The Immigration Department accepts the Letter of Good Conduct issued by the Ministry of Foreign Affairs Malaysia for those who have resided in Malaysia for one (1) year and beyond. Kindly contact them via https://www.kln.gov.my/
Yes. The Immigration Department accepts the Letter of Good Conduct issued by the Ministry of Foreign Affairs Malaysia for those who have resided in Malaysia for one (1) year and beyond. Kindly contact them via https://www.kln.gov.my/
If I have dual citizenship, do I have to provide a letter of good conduct for both countries?
No, only must provide a letter of good conduct from the country that you are currently residing in.
No, only must provide a letter of good conduct from the country that you are currently residing in.
Will I lose my current citizenship when applying for PVIP?
No, you won’t lose your citizenship as this is a visa instead of citizenship application.
No, you won’t lose your citizenship as this is a visa instead of citizenship application.
What is the definition of dependant(s)?
Dependant(s) are as follows, and the pass is issued to the person who is related to the Principal Applicant:Spouse(s) of Principal Applicant; Child(ren) below 25 years old (biological / stepchild / legally adopted) of the Principal Applicant; Disabled Child(ren) regardless of age (provision of a letter of confirmation from a medical specialist / general practitioner); Parent(s) and in-law(s) of the Principal Applicant.
Dependant(s) are as follows, and the pass is issued to the person who is related to the Principal Applicant:
Can I bring my foreign domestic helper?
Principal PVIP pass holders are allowed to bring in multiple domestic helper from the country of origin subject to existing foreign domestic helper regulations.
Principal PVIP pass holders are allowed to bring in multiple domestic helper from the country of origin subject to existing foreign domestic helper regulations.
Can I register company in Malaysia?
Yes, visa holders allowed to register 100% foreign-owned company in Malaysia.
Yes, visa holders allowed to register 100% foreign-owned company in Malaysia.
Can I become director of the company?
Yes, visa holders allowed to hire themselves as company director instead of hiring local director.
Yes, visa holders allowed to hire themselves as company director instead of hiring local director.
What is the individual tax rate in Malaysia
Resident : Progressive from 0% up to 30% (depending on income bracket).
Non-Residents : Flat 30% on Malaysian-sourced income.
What is the tax corporate (BERHAD) rate in Malaysia
Resident (Company) : 15% to 24%
Non-Resident (Company) : Flat 24%