The Malaysia Premium Visa Programme (PVIP) is a long-term residency program that grants foreign nationals and their families a 20-year multiple-entry residence visa in Malaysia, This visa is renewable every 20 years, with no restriction on age and no physical presence obligation. The PVIP requires a Government Participation Fee of RM 200,000 for the main applicant and RM 50,000 or RM 100,000 per dependent (depending on visa type), plus a fixed deposit of RM 1,000,000 in a licensed Malaysian bank, with up to 50% withdrawable after six months for property purchase, medical expenses, or children's education. Applicants who which to apply for he PVIP, must also provide proof of offshore income of RM 40,000 per month or RM 480,000 annually. The PVIP allows holders to live, work, study, conduct business, invest, and purchase property in Malaysia (subject to state laws), and includes the spouse, children under 25, parents, parents-in-law, and a domestic helper as dependents.
PVIP vs MM2H: Which Malaysian Visa Suits You?
With two attractive long-term immigration programs the PVIP and MM2H, Malaysia is quickly becoming a hotspot for international investors, business owners, and e…