Malaysia
is one of Asia’s most vibrant economies due to its continued industrial growth
and political stability. After gaining independence, Malaysia joined the
British Commonwealth. A member of the UN and APEC, it is also a founding member
of ASEAN. Malaysia offers excellent beaches, breathtaking scenery, and dense
rainforests.
Benefits of Malaysian residence by investment
Acquire Malaysian Residence
The Government of Malaysia enables applicants and their families to live in the country through the Malaysia My Second Home Program or the Premium Visa Program. In exchange for an investment into the country, successful applicants are granted a long-term multiple-entry visa.
Requirements of the Malaysia My Second Home Program
To acquire
Malaysian residence under the Malaysia My Second Home (MM2H) Program and
receive a 10-year, multiple-entry visa, foreign nationals must fulfill the
below requirements.
1. Be at least 35 years old.
2. Demonstrate the capability to support themselves financially in Malaysia without seeking employment or government assistance by submitting proof of offshore income worth a minimum MYR 40,000 (approximately USD 10,000) per month.
3. Submit proof of bankable assets worth a minimum MYR 1.5 million (approximately USD 350,000).
4. Must invest MYR 1 million (approximately USD 230,000) plus MYR 50,000 (approximately USD 12,000) per dependent spouse or child into a local fixed deposit account maintained throughout their stay under the program
5. May withdraw up to MYR 500,000 (approximately USD 115,000) after the first year if they wish, for approved expenses relating to a house purchase, education for their children in Malaysia, or medical purposes.
6. Must spend 90 days per year in Malaysia (only applies to the main applicant and their spouse; children, parents, and parents-in-law are exempt from this requirement).
Requirements of the Premium Visa Program
To acquire
Malaysian residence under the Premium Visa Program (PVIP) and receive a
20-year, multiple-entry visa, issued in five-year tranches, foreign nationals
must fulfill the below requirements.
Upon applying for the program, applicants must:
1.
Demonstrate the capability to support themselves financially in Malaysia
without seeking employment or government assistance by submitting proof of
offshore income worth a minimum MYR 40,000 (approximately USD 10,000) per
month.
Upon approval of the application, successful applicants:
2. Must
invest MYR 1 million (approximately USD 230,000) plus MYR 50,000 (approximately
USD 12,000) per dependent spouse or child into a local fixed deposit account
maintained throughout their stay under the program.
3. May
withdraw up to MYR 500,000 (approximately USD 115,000) after the first year if
they wish, for approved expenses relating to a house purchase, education for
their children in Malaysia, or medical purposes.
4. Must
pay a once-off application fee of MYR 200,000 (approximately USD 45,000) plus
MYR 100,000 (approximately USD 22,000) per dependent.
PVIP
applicants can be of any age and may work and run a business in Malaysia. They
are not required to reside in Malaysia.
Procedures and time frame of Malaysian residence by investment
The
Malaysia Immigration Department will issue a conditional approval letter to
each approved applicant. The MM2H and PVIP visas do not allow their holders to
work in Malaysia, and they 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). Piptan International Inc.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.
Piptan International Inc. is dedicated to assisting individuals and families in becoming Global Citizens by investing in second residency and citizenship options worldwide.