Malaysia 2024 Golden Visa

Bigger, bolder and better than MM2H. Malaysia has just a few months ago launched a Golden Visa programme to attract foreigners to come here to live, work and invest. The Premium Visa is a golden visa that allows foreigners with enough income and savings to settle down long-term (20 years ) in this country. 

The qualifying conditions are straightforward. An applicant needs to show an income from overseas of USD100,000 per annum and additionally deposit MYR1.0 million (approx USD210,000) in a bank account in Malaysia of which 50% can be taken out after 12 months for expenses such as education, health and property. 

Unlike MM2H which only allows foreigners the right to retire but not work or run a business, the new premium Golden Visa gives holders the full right to reside long-term and participate in gainful work or business. By having this Golden Visa, foreigners do not need to go through the burden and bureaucracy of getting a separate and expensive expatriate visa to work and invest. 

This attractive Golden Visa gives the successful applicant by far the most extensive rights and benefits ever given to foreign nationals by Malaysia Immigration. With just one visa the foreign holder and his family can study, invest, work and enjoy the full benefits of living in Malaysia. Although the Golden Visa offers no pathway to citizenship, it is the closest thing Malaysia has to permanent residency.