Malaysia has announced a new Golden Visa program, officially named the Investor Pass, to attract global entrepreneurs and investors. The visa is valid for one year and targets business leaders engaged in sectors like manufacturing, education, and hospitality. It aims to enhance Malaysia’s reputation as a leading investment destination in Southeast Asia.
Flexible Entry and No Minimum Investment Requirement
Unlike other countries’ Golden Visa programs, Malaysia’s version does not impose a minimum investment threshold. This makes it more accessible for a wider range of investors. The application fee for the visa is RM1,296 (around $307), excluding other immigration-related costs. Additionally, the visa is a multi-entry pass, allowing holders to travel in and out of Malaysia with ease.
Comparison with the Premium Visa Program
In contrast, Malaysia’s Premium Visa Program (PVIP), launched in 2022, provides a 20-year residency option. However, it includes strict financial conditions, such as a minimum annual income of RM480,000 (approximately $113,660) and an application fee of RM200,000 (around $47,360). The new Golden Visa offers a shorter but more flexible alternative for foreign investors seeking business opportunities in Malaysia.
Individual-Focused Visa for Business Leaders
The Golden Visa applies only to the applicant, as dependents such as spouses or children are not covered. This approach is designed to encourage serious investors who directly contribute to the economy. Moreover, the visa offers residency rights, improved healthcare access, and greater business convenience to its holders.
