Malaysia Premium Visa Programme (PVIP)
Malaysia MYS
The Malaysia Premium Visa Programme (PVIP) was launched in 2022 as the premium tier of the revamped Malaysia My Second Home programme, offering a 20-year multiple-entry visa in exchange for a minimum RM 1,000,000 (approximately $215,000 USD) fixed deposit in a Malaysian bank. Unlike the MM2H programme, PVIP holders are permitted to work in Malaysia with ministerial approval, and the 20-year visa duration significantly reduces administrative burden compared to shorter-stay programmes. Malaysia's territorial tax system, low cost of living, and high English proficiency make it one of Southeast Asia's most compelling long-stay destinations for high-net-worth individuals.
Program Details
- Category
- Investment
- Processing Time
- 3 months
- Application Fee
- $10,000
- Minimum Income
- N/A
- Minimum Investment
- $215,000
- Family Included
- Spouse and dependent children up to 34 years of age may be included as dependants under the same application
- Path to PR
- No
- Path to Citizenship
- No
- Physical Presence
- No minimum stay requirement; the 20-year multiple-entry visa allows flexible visits
- Dual Citizenship
- Not allowed
- Tax Impact
- Malaysia operates a territorial tax system — foreign-source income is generally exempt from Malaysian income tax. Those spending 182+ days per year in Malaysia become tax residents but foreign income remitted to Malaysia remains largely exempt under current rules.
- Renewal Cost
- $0
Key Requirements
- ✓Minimum fixed deposit of RM 1,000,000 (~$215,000 USD) in a Malaysian bank, maintained for the visa duration
- ✓Application fee of approximately RM 200 per person plus a RM 5,000 processing fee
- ✓Proof of offshore income or assets of at least RM 1,000,000
- ✓Valid passport with at least 18 months validity
- ✓Clean criminal record and health declaration
- ✓Application submitted through the Immigration Department of Malaysia
Nationality Restrictions
This program restricts applications from nationals of: Citizens of countries under Malaysian sanctions or travel advisories may not be eligible