Golden Visa in Malaysia

Updated on Tuesday 07th September 2021

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An individual can get a Malaysia investor visa if he/she invests in real estate or makes a fixed deposit in a Malaysian bank. The investor visa provides multiple benefits to its holders. It does not require a minimum stay in the country and the foreign pension or the income is also not taxed. The applicant’s parents above the age of 60 years are eligible to live in Malaysia under a special six-month social-visit renewable visa. The main reason people try to get Malaysia golden visa is due to the tax system in the country. As the territorial taxation system is applicable in Malaysia, so the foreign income of the applicant will not be taxed. Besides this, Malaysia also has an extensive network of double tax agreements with other countries, based on which Malaysian residents may claim a tax refund on foreign income taxed in overseas countries.
 
You can get more information about this visa from our law firm in Malaysia. Our lawyers will cover all the legal aspects of the Malaysia investor visa for you.
 

How much investment is required for a Malaysia investor visa?

 
The Malaysia investor visa demands a bank deposit of MYR300,000 (US$68,000) from the applicants who are under the age of 50. Whereas, for the applicants who are above 50 years, a bank deposit of MYR150,000 (US$34,000) is required. This visa procedure will take approximately three to six months. After getting the Malaysian golden visa, you and your family will be able to live in this country for ten years.
 

Necessary documents for obtaining a golden visa in Malaysia

 
Malaysia golden visa is aimed at retirees and investors who want to relocate to Malaysia. Please bear in mind, this visa does not entitle its holder to be eligible for permanent citizenship or a residency permit. Besides this, a Malaysian investor visa does not allow working in the country, with a certain exception. Find below the list of required documents:
 
  • health insurance evidence;
  • proof of your net wealth;
  • proof of your net income;
  • your bank statements;
  • curriculum vitae;
  • proof of clean criminal record by providing police clearance certificate;
  • medical certificate;
  • certified copy of your passport;
  • an authorization letter to verify your financial documents;
  • evidence of purchasing property (if applicable);
  • certified or original copy of your marriage certificate (if applicable);
  • certified or original copy of the birth certificate (if applicable);
  • covering letter;
  • salary and job verification letter.
 
You can get an idea of documents from the list provided above and get yourself ready to prepare these documents when applying for a Malaysia investor visa. If you need any assistance regarding documentation, our attorneys in Malaysia will guide you.
 

What are the requirements for a Malaysia investor visa?

 
An individual must fulfill the following requirements for obtaining a Malaysia investor visa:
 
  1. police clearance certificate to showcase the clean criminal record from the country of origin;
  2. medical insurance from any valid insurance company in Malaysia;
  3. a medical examination in any registered private clinic or hospital in Malaysia;
  4. a Malaysian sponsor to support the application and place a personal bond up to MYR 2,000 prior to visa issuance.
 
If you have any questions related to the requirements for Malaysia golden visa, you can rely on the legal services of our lawyers in Malaysia. They will help you throughout the visa procedure.
 

Does Malaysia recognize dual citizenship?

 
As far as the nationalities are concerned, Malaysia does not officially restrict any nationality. But dual citizenship is not recognized in this country. If you want to become a Malaysian citizen, you have to renounce your previous nationality.
 
MM2H world’s largest investor visa in 2019
 
In 2019, a report by Malaysian Reserve shows that Malaysia My Second Home program was the world’s largest investor visa:
 
  • In 2019, Malaysia golden visa was the world’s largest investment migration program by a wide margin;
  • The Malaysian Reserve reports that, according to the Ministry of Tourism, Arts, and Culture, there were about 7,904 applications filed by the investors for Malaysia My Second Home (MM2H) program in 2019;
  • Previously, this program has a very low rejection rate so there are more chances to get qualified for this Malaysia investor visa;
  • Ministry’s Deputy Secretary-General revealed that last year, mainland Chinese made up to 35% of applications.
 
If you are an investor and trying to obtain a Malaysia investor visa, contact our lawyers without any hesitation for legal assistance in your visa process.