SharifStudy A way to Study Malaysia
The Malaysia Premium Visa Program (PVIP) is a long-term residency visa designed for investors, entrepreneurs, and foreign talents who wish to live, work, or study in Malaysia. It provides the flexibility of a residency that can last up to 20 years.
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 able 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.
Note: Immigration Department accepts the Certificate of Good Conduct issued by the Ministry of Foreign Affairs Malaysia for those who stay in Malaysia for one (1) year and beyond.
Application Requirement for PVIP Visa
A person who decided to apply for PVIP visa, should have following requirements:
- Achieve a monthly income of RM40,000.00 from abroad, totaling an annual offshore income of RM480,000.
- Establish a fixed deposit account of RM1,000,000 in a Malaysian licensed bank.
- Make a payment of RM200,000 for the Principal applicant and an additional RM100,000 for any dependents as Participation Fees.
- Submit all applications exclusively through an agency authorized by the Immigration Department of Malaysia.
Eligible Age and Required Documents
Eligible Age
The application process for this program does not impose any age restrictions, making it open to participants across all age categories.
If you have any concerns or queries regarding eligibility for this program, please note that age is not a factor in the consideration of your application.
Required Documents
When applying for the program, it is essential to provide the necessary documentation to support your application and prove your eligibility. The following detail the specific documents required and the procedures to ensure their proper submission.
- Provide a photocopy of your passport, which should include the biodata page, current pass, and cover.
- If you have a legal spouse, you should submit a copy of your marriage certificate. If your certificate isn’t in English, translate it and get it as a certified true copy by the appropriate Embassy, High Commission, or Consulate General in Malaysia.
- For biological, stepchildren, or legally adopted children, submit a copy of their Birth Certificate. If it’s not in English, provide a translated version and have it attested or certified as a true copy by the relevant Embassy, High Commission, or Consulate General in Malaysia.
- Submit any additional documents that you need during the application process.
Note: Please Make sure to translate all documents into English, either through the Institute of Language and Literature or an Embassy or Consulate General of Malaysia abroad.
Dependents conditions to join PVIP
For those interested in the PVIP program who wish to include dependents (parents or children under the age of 21) before entering Malaysia, this is indeed possible.
However, please note that there is a requirement to secure the necessary endorsement for such dependents. This endorsement must be obtained within a 6-month timeframe following the receipt of conditional approval for the program.
Please ensure timely submission of relevant documents and applications to meet this requirement.
Dependents are as follows, and the pass is issued to the person who is connected to the main applicant/principal:
- Spouse of principal;
- Children below 21 years old (biological / stepchild / legally adopted) of the main applicant;
- Disabled child regardless of age (Letter of confirmation from the medical specialist / General Practitioner).
- Parents & Parents-in-law of principal.
Financial Criteria
When applying for the PVIP visa in Malaysia, meeting certain financial criteria is essential. These criteria are designed to ensure that applicants have the financial stability required for long-term residency in the country.
Following is the specific financial requirements you need to fulfill to qualify for the PVIP visa.
- To provide the latest 3 months bank statement showing proof of having an offshore income of at least RM40,000 per month, or RM480,000 annually; and
- To have fixed savings account with a deposit of at least RM 1 million, with no withdrawals allowed on the principal.
Terms of Withdrawal
As you secure your PVIP visa in Malaysia, you must understand the specific withdrawal terms for the fixed deposit you need to maintain.
The list below explains these terms, detailing the allowable purposes for withdrawals and the necessary documentation for making withdrawals.
- Withdrawal of 50% from the fixed deposit after one (1) year is allowed for the purpose of purchase of the real estate, medical and educational purposes only.
- Provided that a letter of recommendation from the Immigration Department is obtained.
Payment
We outline the various fees associated with the PVIP visa program in Malaysia. The program categorizes fees into participation fees, visa charges, and security bond costs.
Whether you are the primary applicant or plan to include dependents in your application, you need to understand these charges to prepare for the program’s financial commitments. Additionally, specific fees are based on current payment rates by country, further emphasizing the importance of being aware of the applicable rates.
| No | Things | Payment Rate (RM) |
| 1 | Participation Fee (Principal) | RM200,000 |
| 2 | Participation Fee (Dependent) | RM100,000 |
| 3 | Pass Fee | RM2,000 per year |
| 4 | Visa | Based on existing payment rates by country |
| 5 | Security bond | Based on existing payment rates by country |
How to Discontinuation
The discontinuation of a visa represents the end or termination of its validity, which may arise from various reasons. When a visa is discontinued, the individual loses the rights and privileges associated with that visa status, potentially affecting their legal status in the host country.
It’s essential for visa holders to be aware of the conditions of their visa and the implications of its discontinuation.
- You can manually discontinue the pass at the PVIP counter. If you are abroad, Principals can apply for manual discontinuation at the nearest Malaysian Mission abroad.
- Appointed PVIP authorized agencies MUST SUBMIT the application for discontinuation of the PVIP pass.
Submission of Application
We details the process for applying to the PVIP visa program in Malaysia. It is essential to note that all applications must be submitted through PVIP agencies registered with the Immigration Department of Malaysia (JIM). Participant applications are subject to an approved quota, which the appointed PVIP agencies must adhere to.
- All applications must go through appointed PVIP agencies registered with JIM.
- For participant application, appointed PVIP agencies may submit within the approved quota.
