Premium Visa Programme (PVIP)

So MM2H requirments but 4x longer and can work.... duh! (Ok 200k fee is a bit steep)

Do the math, PR at 2 million USD is cheaper if you are using investment to get that income. And PR is perm!

I presume this programme was designed to make someone rich designing the system....

Who wants to bet, 0, 1 or 2 applications per year for this program? Maybe we can have a pool going .... lol

PVIP is a 20 years Visa. This visa allows you to do business in Malaysia.

https://www.freemalaysiatoday.com/categ … ed-so-far/

Has anyone applied for PVIP?

So for a family of four, I would need to place Rm1 million in a fixed deposit account, pay a non-refundable fee of Rm500,000 and have an income of at least Rm40,000 per month.

It definitely is not for anyone considering retirement, and if this is legit, then it's targeting only wealthy people. I wonder who would be willing to spend and invest so much money just for a long term visa? It gives you the right to work and invest, but then anyone who has this kind of money is likely to be in the market for top level jobs and companies that employ this kind of people would provide all the paperwork for an expat and his family to stay in Malaysia. With investment, would you have the same rights as bumiputra or still have to follow the rules for non-Malaysians. And why limit it at 20 years? Seems a bit unfair.

In my opinion, there are more interesting places to live that come at a  much lower price.

@mangosteen70 yes there are. Now waiting for 3rd batch approval.

@wyngrove60 yes. It depends. Some will consider they set up a company and earn back the participation fee within 1-2 years time. You can renew after 20 years

@Renz MC

How many in each batch? There have only been 3 "batches" since the PVIP was initiated? Isn't it true that the program is under review for underperforming because it only had two qualifying applications accepted after 2 years?

@cinnamonape

To be exact, it's only one year since the programme was introduced. The first batch approval was a couple. Second batch approval got 14 pairs. Now 3rd batch are awaiting the committee meeting for approval.

@wyngrove60 if want to save a bit on the cost, advise only the principal applicant to apply. Children can take student visa, wife can take guardian visa.

@Renz MC Okay...but is still seems odd that they had 20,000 applications BEFORE they had even officially announced the program requirements and had a site with application forms? If they actually had 20,000 applicants the 18 or so that have qualified suggests a very low success rate.

https://www.malaymail.com/news/malaysia … -day/26623

Plus the RM200,000 processing fee (+RM100,000/dependent).  That's US$50,000/$25,000 non-refundable fee. Did all those failed applicants have to put up that fee? That's non-refundable, correct?

And how exactly is the government going to earn  RM206 million annually from what appears to be under 20 actual PVIP recipients? That is RM10 million/recipient. Seems a tad inflated.

https://www.freemalaysiatoday.com/categ … programme/

@cinnamonape

i have no idea regarding the 20,000 that announced earlier 🤣 many has been asking, but no answer.

Yes the application fee RM200k & RM100k is non refundable.

So far, all application got 100% approval rate.