ARTICLE · 17 OCTOBER 2022

The Supplement To MM2H — Premium Visa Programme ("PVIP")

Shearn Delamore & Co.

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The Home Minister, Datuk Seri Hamzah Zainudin has announced the launching of the "Premium Visa Programme" on 1 September 2022. The programme which is also known as the "Residency...

MalaysiaImmigration

Suganthi Singam

The Home Minister, Datuk Seri Hamzah Zainudin has announced the launching of the "Premium Visa Programme" on 1 September 2022. The programme which is also known as the "Residency Through Investment Programme" aims to attract affluent investors from all countries except for Israel that does not have any diplomatic ties with Malaysia to boost the foreign investment in Malaysia. The PVIP is expected to be rolled out for application on ¹ October 20221 . However, this remains to be seen whether it will materialise.

Similar to the Malaysia My Second Home ("MM2H"), the number of the applicants is capped at 1% of the total number of Malaysians, which is approximately 300,000 applicants. Unlike the MM2H programme, the PVIP offers the benefits of not only the right to reside in Malaysia on a long-term basis but also extends to right to study, employment and investment subject to the fulfilment of the conditions.

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