PVIP : Conditions and Procedures
Conditions for the Premium Visa
PVIP stand for Malaysia Premium Visa Program. It is a long-term residence visa designed for high-net-worth individuals, offering a maximum validity of 20 years (5+5+5+5 years). The PVIP permits residence, employment, business activities, and education in Malaysia. Upon expiry, the visa can be renewed for an additional 20 years. Unlike the MM2H (Malaysia My Second Home) visa, which imposes residency requirements and property purchase conditions for applicants under the age of 50, the PVIP notably has no residency requirement.
A New Visa Program Focused on Attracting High-Net-Worth Individuals: Malaysia Premium Visa Program (PVIP)
As a general trend, immigration policies around the world have been tightening, making it increasingly difficult for foreigners to relocate. In contrast, Malaysia—being a multicultural and multiethnic country—has been considered relatively accessible in terms of visa acquisition. At its peak, the traditional MM2H (Malaysia My Second Home) program reportedly received as many as 8,000 applications per year.
The newly introduced Malaysia Premium Visa Program (PVIP) is said to be designed to attract high-net-worth individuals for long-term stays and investment purposes. As a result, the majority of applications are not from individuals, but rather from foreign-affiliated companies and organizations. It is widely believed that the Malaysian government is particularly aiming to stimulate foreign direct investment (FDI) through this initiative.
It is also well-suited for educational relocation, which has recently been gaining popularity among families seeking international school education abroad.
（Parents are unable to obtain a guardian visa/The chosen school does not support student visa applications/The guardian visa application or renewal process is considered burdensome）
| Application age | Above 21 years old | |||
| Visa validity | 20 years（5+5+5+5） | |||
| Participation fee | Main applicant：RM200,000
Dependant：RM100,000/ pax |
|||
| Proof of Income | Monthly Salary of MYR 40,000
or MYR 480,000 |
|||
| Fixed Deposit | MYR 1,000,000
After obtaining the approval letter, applicants are required to place a fixed deposit in a Malaysian bank before the visa issuance process can proceed. |
|||
| Purchase of property | Not required | |||
＜Withdrawal of Fixed Deposit＞
The applicant may withdraw up to 50% of the fixed deposit if they meet the following conditions.
- The applicant has spent at least MYR 500,000 on real estate, school fees, or medical fees, AFTER obtaining the PVIP Visa.*
- One year has passed since the applicant has obtained the PVIP visa.
Documents Required for PVIP Application
Application Checklist
| 1. | Copy of Applicant’s Passport (all pages) |
Must have more than 24 months ( 2 years ) validity |
| 2. | Marriage Certificate (if spouse apply) |
Need to be certified by Embassy |
| 3. | Birth Certificate (if child apply) |
|
| 4. | Letter of Good Conduct (All applicants) | Obtain the English certificate from the police |
| 5. | Proof of Offshore Income | Proof of latest 3 months salary or an annual income.
In addition to salary, rental income, dividends, and interest income may also be counted toward the total qualifying income. |
| 6. | Bank Statement | Bank statement showing salary and income deposits |
| 7. | Passport Size Photo | Blue Background x 2 pieces/applicant（5.0cm x 3.5cm ） |
| 8. | Resume | |
| 9. | Certificate of Employment | Certified by Company ( company letter head + signature) |
| 10. | PVIP Application Form | Cosmos Plan provides Form |
| 11. | IM 12 | Cosmos Plan provides Form |
| 12. | Medical Form 1 | Cosmos Plan provides Form ※Applicant needs go for medical check-up in origin country |
Application Procedure and Flow for PVIP Visa
| 1 | Inquiry | Cosmos Plan provide free application consultation services at any of our branches in Malaysia. |
| 2 |
Submission of PVIP Application Documents for Cosmos Plan Sdn Bhd |
|
| 3 | First Payment of the Application Fee | 20% of Agency Representation Fee
1% of Immigration Participation Fee |
| 4 | Submission of PVIP Application Documents | Cosmos Plan will assist you with the required documents. |
| 5 | Approval Letter Issued by Immigration | After submission, immigration review period: approximately 3 to 6 months |
| 6 | Second Payment of the Application Fee | 80% of Agency Representation Fee
99% of Immigration Participation Fee |
| 7 | Visa Issuance Procedure (in Malaysia)
|
|
The approval letter becomes invalid if the visa issuance process is not conducted in Malaysia within six months from the date of issuance.