"On April 1, the Malaysian Investment Development Authority (MIDA) launched the Investor Pass, a so-called golden visa that allows international businesspeople to reside in the Southeast Asian country for up to one year. The program is designed to attract global entrepreneurs and investors by streamlining the process for them to enter Malaysia-so much so that the application only has a five-business-day processing time, according to MIDA."
"Visa holders are required to fall into one of three categories: newcomers to the Malaysian market, existing investors or partners of local companies, or those in active discussions with the government. There's no minimum spend requirement, but potential applicants are expected to be "senior decision-makers" in sectors such as manufacturing, education, and hospitality, MIDA tells Condé Nast Traveler. They'll be asked to submit proof of employment and plans for potential investments or businesses,"
Malaysia launched the one-year Investor Pass on April 1 through the Malaysian Investment Development Authority (MIDA). The pass allows international businesspeople to reside in Malaysia for up to one year and features a five-business-day application processing time. Eligibility includes newcomers to the Malaysian market, existing investors or partners of local companies, and those in active discussions with the government. No minimum investment is required, but applicants should be senior decision-makers in sectors such as manufacturing, education, and hospitality. Applicants must provide proof of employment, plans for potential investments or businesses, and pay a fee of 1,296 Malaysian Ringgit (about $307).
Read at Conde Nast Traveler
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