To be eligible for the program, applicants must meet certain monetary and health criteria. Successful applicants are then permitted to enter and leave the country on a largely unrestricted basis, and also benefit from other incentives aimed at making their stay in Malaysia more convenient.
It is the perfect visa for overseas citizens to enjoy long-term stay in Malaysia. As Malaysia has a policy of open arms to those who wish to experience life on our shores, this is a visa tailored to promote Malaysia as a destination to people like you. Being on this visa means that you will be joining a program that has decades of government support, and one that is committed to making your life in Malaysia an pleasing one.
All Approved applicants will enjoy special benefits by the Government for this unique program. The incentives/benefits include:
- You will receive a 10-year Social Visit Pass and Multiple-Entry Visa.
- After 10 years, it is guranteed renewable if your didn't violate the laws & rules of Malaysia.
- During these 10 years, you are free to stay in Malaysia and travel as often as you like.
- You can import your car or purchase a new car (CKD) tax-free. It is a great savings.
- School going children will be giving student pass to further their studies at international collges and universities.
- Allow to employ a maid
- You can be an investor and own business in Malaysia
- For hosing loan, you can obtaiin up to 80% as compared to normal 60% for foreign applicants (subject to credibility).
- No need to obtain Foreign Investment Comittee (FIC) approval for purchasing properties in Malaysia
- Oversea income is not taxble in Malaysia. Under this programme, for those counties that ahve a double taxation agreement with Malaysia, your private pension fund remitted to Malaysia is exempted from tax if you stay more than 182 days in Malaysia.
