KUALA LUMPUR, March 12 – The Malaysian government is set to introduce a special pass for foreign investors and expatriates starting April 1, aimed at facilitating longer stays for those looking to invest in the country.
Home Minister Datuk Seri Saifuddin Nasution Ismail announced the initiative, stating that the pass will grant foreign investors an initial six-month stay, with the option to extend for another six months if necessary.
Improved Entry Process For Investors
Previously, foreign investors were only granted social visit passes ranging from 14 to 90 days, depending on their nationality. The new pass is expected to address this limitation, providing them with more time to oversee their business activities in Malaysia.
Additionally, pass holders will be eligible for a Multiple-Entry Visa (MEV), making travel in and out of the country more convenient. Applications for the pass can be submitted online, ensuring a more efficient and accessible process for applicants.
Enhancing Malaysia’s Business Appeal
This move aligns with the government’s efforts to enhance Malaysia’s attractiveness as a business hub. Speaking in Parliament on March 6, Saifuddin emphasized that the initiative is designed to support investors by allowing them to stay longer and manage their business interests more effectively.
He further noted that simplifying immigration procedures is crucial to improving the country’s business climate, stating, “Investors seek ease of doing business.
The faster and more efficient the application process, the more appealing Malaysia becomes as an investment destination.”
The introduction of this pass is expected to encourage greater foreign investment while also benefiting expatriates residing in Malaysia. More details on the application process are available through official government platforms.
