Golden Visa in Malaysia
Updated on Tuesday 21st March 2023
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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 main reason people try to get Malaysian golden visas is due to the tax system in the country.
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 in 2023 for you and will help you move to Malaysia.
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 in 2023 for you and will help you move to Malaysia.
How much investment is required for a Malaysia investor visa?
The Malaysia investor visa demands a minimum deposit of USD 125,000, and a monthly income of about USD 2,500.
Each applicant for Golden Visa for Malaysia needs to deposit a minimum of RM 150,000 if aged 50 or above, or RM 300,000 if aged below 50 years. It is good to note that some of this amount of money can be withdrawn after 1 year if real estate properties are purchased.
This visa procedure will take approximately 3 to 6 months. After getting the Malaysian golden visa, you and your family will be able to live in this country for 10 years. Get in touch with us if you want to immigrate to Malaysia.
Malaysia My Second Home Program allows property purchase in this country, through the Golden Visa scheme. As such, a minimum investment of MR 1 million is the starting point, in the real estate sector. We highlight the fact that the Golden Visa in Malaysia is only available for getting residency in this country, and not citizenship.
Necessary documents for obtaining a golden visa in Malaysia in 2023
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 a 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.
If an investment of RM 1 million is made in Malaysia to obtain residency, an additional RM 50,000 must be paid for each family member of the main applicant. This condition is available if the candidate to invest in Malaysia in exchange for residency is aged 35-49 years.
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. They can help you immigrate to Malaysia.
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. They can help you immigrate to Malaysia.
What are the requirements for a Malaysia investor visa?
An individual must fulfill the following requirements for obtaining a Malaysia investor visa:
- police clearance certificate to showcase a clean criminal record from the country of origin;
- medical insurance from any valid insurance company in Malaysia;
- a medical examination in any registered private clinic or hospital in Malaysia;
- a Malaysian sponsor to support the application and place a personal bond up to of MYR 2,000 prior to visa issuance.
If you have any questions related to the requirements for Malaysia golden visa in 2023, you can rely on the legal services of our lawyers in Malaysia. They will help you throughout the visa procedure and provide support if you want to relocate to Malaysia.
Does Malaysia recognize dual citizenship?
As far as 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
A report offered by Malaysian Reserve shows that Malaysia My Second Home program is 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 in 2023, contact our lawyers without any hesitation for legal assistance in your visa process. We are here to help you move to Malaysia.