Frequently Asked Questions (FAQs) about the Malaysia Premium Visa Programme (PVIP)
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What is the Malaysia Premium Visa Programme (PVIP)?
PVIP is a long-term residency visa that allows investors, entrepreneurs, and foreign talents to live, work, or study in Malaysia for up to 20 years, with an option to extend for another 20 years.
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What are the benefits of PVIP?
- Long-term residency: Approval for up to 20 years with multiple entry visa facilities.
- No minimum stay requirement: No need to stay in Malaysia for a minimum period.
- Family Inclusion: Spouses, children, parents, and even foreign domestic helpers can accompany the main applicant.
- Work and Business: Participants can work and engage in legal business activities.
- Property Purchase: Ability to purchase real estate for residential, commercial, or industrial purposes.
- Investment Opportunities: Freedom to conduct active investments in permitted fields.
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What are the application requirements?
- Offshore Income: Proof of offshore income of RM40,000 per month or RM480,000 annually.
- Fixed Deposit: A fixed deposit of RM1,000,000 with a licensed bank in Malaysia.
- Participation Fees: RM200,000 for the principal applicant and RM100,000 for dependents.
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Who is eligible to apply for PVIP?
- Investors: Those looking to invest in Malaysia's economy.
- Entrepreneurs: Business owners and startup founders seeking new opportunities.
- Foreign Talents: Skilled professionals wanting to contribute to Malaysia's workforce
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What documents are required for the application?
- Proof of Income: Bank statements or income proof demonstrating the required offshore income.
- Fixed Deposit Confirmation: Evidence of the RM1,000,000 fixed deposit in a Malaysian bank.
- Participation Fee Receipt: Proof of payment for the participation fees,
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How to apply for PVIP?
- Applications must be made through authorized agencies appointed by the Immigration Department of Malaysia. These agencies will assist with the application process and ensure all requirements are met.
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What is My Premier Settlers Sdn Bhd?
My Premier Settlers Sdn Bhd is a leading consultancy firm dedicated to providing high-quality solutions for clients interested in the Malaysia Premium Visa Programme. They offer comprehensive support and guidance throughout the entire application process, ensuring a smooth and hassle-free experience.
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