KUALA LUMPUR: A special pass for investors and expatriate groups will be introduced from April 1 to help foreigners who have committed to investing in the country.
Home Minister Datuk Seri Saifuddin Nasution Ismail (pic) said the pass allows foreign investors to enter Malaysia for six months, with an option to extend for another six months based on their needs.
"A Multiple-Entry Visa (MEV) will also be provided to holders of the special pass.
"This initiative is an improvement as, previously, foreign investors were only issued social visit passes valid for 14 to 90 days, depending on their country of origin," he said in a statement on Wednesday (March 12).
Applications for the special pass can be made via the Xpats Gateway. Further information is available on the Xpats Gateway website at https://xpatsgateway.com.my/.
It was previously reported that the Home Ministry would issue a special pass to investors and expatriate groups.
Saifuddin Nasution had said it will begin on April 1.
"So, investors can stay here longer to manage their investments. The passes will be issued electronically,” said Saifuddin during Minister’s Question Time in Parliament on March 6.
Saifuddin said the proposed pass for investors is a new initiative and will facilitate expatriates living in Malaysia.
“They (investors) are also looking at the ease of doing business. The quicker and easier applications are, the better their acceptance of the business climate in this country,” added Saifuddin.
