It is not always easy for one to become a permanent resident of Malaysia. Nevertheless, there are ways in which the process of becoming a PR of Malaysia can be made simpler. Those planning on becoming a PR of Malaysia ought to use these methods in order to spare themselves from many difficulties.
Definition of a Permanent Resident
A permanent resident, also referred to as a PR, is a resident of a country of which the resident is not a citizen. When a person becomes a permanent resident of Malaysia, the person will be given a card which will serve as proof that one will live in the country indefinitely. Despite this fact, being a permanent resident of Malaysia does not make one a Malaysian citizen. There are certain laws which a permanent resident of the country must follow. For instance, the government of Malaysia does not permit PRs to involve themselves in political activities; the Malaysian government has the right to revoke anyone’s permanent resident status if the person has been found to have been doing so. For this same reason, a PR is not allowed to participate in the voting process in Malaysia.
Basic Information About Permanent Resident Status in Malaysia
In order for a person to qualify for PR status in Malaysia, the person must have been an expatriate in the country for a minimum of five consecutive years. This five-year duration applies even if the person’s spouse is a Malaysian citizen. The stay might have taken place through the use of an Employment Pass (EP) or the Malaysia My Second Home (MM2H) program, unless the person’s spouse is a citizen of Malaysia. In such a situation, the stay could have taken place through the use of a Long Term Social Visit Pass. All applicants are required to have a Malaysian citizen as a sponsor for the PR application process. The exact methods by which the application process takes place typically vary from state to state.
You might happen to be a foreigner who has taken an interest in obtaining a visa which is valid in Malaysia. If such is true of you, we at Paul Hype Page & Co are able to provide our services. We will take you through all the steps of Employment Pass application and also contact any government authorities on your behalf if such is necessary. Once you have finished working with us, you will have an Employment Pass of your own.
People Who May Become a Permanent Resident of Malaysia
High Net Worth Individuals (HNWIs)
Those who have ample financial resources will find it easier to obtain a PR in Malaysia. To do so, they must first open a fixed deposit account at any bank located in Malaysia. Once they have done so, they must deposit at least a certain amount of money into the account. This money can then be withdrawn from the account after five years. Those who have done so will then be allowed to bring their spouse and children who are below the legal age of 18 years as dependants. The spouse and children who have been brought along will then be able to apply for their own PR statuses after they have lived in the country for at least five years.
Professionals are defined as those who work for either government agencies or reputable private organizations. Those who work for such organizations for a minimum of three consecutive years, can ask their employers to apply for PR status on their behalf. However, they will first be expected to obtain a certificate of good conduct from their home country as well as a recommendation letter from a local agency to which their job is related.
Spouses of Malaysian Citizens
Those who are married to a Malaysian citizen are to live in the country for 10 consecutive years under a long-term visa before qualifying for PR status. At the end of this period, a Malaysian citizen will then have to sponsor the PR application.
Those Eligible Through the Point System
This is usually the lengthiest among all possible options of obtaining a PR in Malaysia and is primarily used by those who have not qualified through the methods which have already been mentioned. The point system requires that the applicant have at least 65 points out of 120, a certificate of good conduct from their country, and a Malaysian sponsor before they may proceed with the application process. The points are granted according to certain criteria such as age, academic or professional qualifications, and language proficiency among others.
Advantages of Permanent Resident Status in Malaysia
Receiving permanent resident status in Malaysia is not always easy. Many have been put off by the tedious and long procedure involved in the process of PR application. A PR applicant may have to wait for a significant amount of time before obtaining their new status as a Malaysian PR. Nevertheless, the benefits which accompany being a Malaysian permanent resident are numerous.
Permission to Live in Malaysia Indefinitely
Once a person becomes a permanent resident of Malaysia, the person is allowed to live in the country indefinitely. Although the card which specifies one’s PR status expires after a period of 10 years, the PR is nevertheless usually permitted to renew PR status as many times as is necessary.
Own and Operate One’s Own Business
Those who have become a Malaysian PR are legally permitted to own and operate a business of their choice. They therefore have the freedom to register and operate the business in the same way as any Malaysian citizen is.
If you would like to find out more about company incorporation in Malaysia, contact us at Paul Hype Page & Co. We will provide you with all the information you need for the incorporation of a Malaysian company. If necessary, we will also assist you with the completion of the incorporation process.
Seek Employment Freely Without Any Work Permit
A Malaysian permanent resident is allowed to seek employment within the country. Those who have a permanent resident card can apply for any job within the country without requiring any other work visa. However, it is worth noting that there are certain jobs which are reserved for citizens because of security reasons. Such jobs include positions held by senior government officials as well as jobs related to entries into and exits from the country at its borders.
Acquire Property in Malaysia
Anyone who has permanent resident status in Malaysia is allowed to acquire property or land in Malaysia. However, there is a minimum price cap imposed on foreigners in every state. Permanent residents also enjoy preferential interest rates on loans. A permanent resident of Malaysia can be granted a loan of up to 90% loan on their house with a mortgage rate as low as 4% per annum.
Other benefits include the permission to enter or leave Malaysia freely without constraints or restrictions related to visas and immigration laws as well as access to public school education for their children. The Malaysian government offers PRs a neonatal direct naturalization which means that the unborn child of a PR will automatically be a Malaysian citizen regardless of the parents’ citizenship.
Malaysia has an agreement with Commonwealth countries. This agreement allows PRs who intend to visit any of the other Commonwealth countries to be excused from returning to their country to process a visiting visa. It is instead possible for a PR to have their visa directly processed in Malaysia.
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Step 1- Listen to your Business plan and Relocation needs.
Step 2- Analysis your Malaysia Tax Planning
Step 3- Recommend the most suited type of Company Incorporation, Open Bank account and Work Visa
Step 4- Arrange for your Spouse and Children Visa
Step 5- Assist as your company to hire staffs and handle all HR matters
Step 6- Every financial year end, we assist you with your yearly SSM Finanical and Tax Compliance
Step 7- Assist you to expand business to Malaysia, Indonesia, Vietnam and Thailand.
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Becoming a Permanent Resident of Malaysia FAQs
A permanent resident of Malaysia is a person who has been granted permission to live in the country indefinitely. Such a person is allowed to conduct business activities and search for employment without any additional work permits. However, a permanent resident remains a citizen of the permanent resident’s country of origin. On the other hand, a citizen of Malaysia is a person whose citizenship has been officially registered. A citizen of Malaysia is granted full rights to participate in any political activity in the country including the voting process. Citizens of Malaysia are not allowed to be citizens of another country because Malaysia does not permit its citizens to be dual citizens.
Malaysia has a population of approximately 32 million people of which around 270,000 are permanent residents. This means that an estimated 0.8% of the entire population of the country are non-citizens who are permanent residents. Any person of any foreign nationality is allowed to have PR status in Malaysia as long as the person fulfills all the obligations and requirements associated with being one. This fact has drawn people from all over the world to come to Malaysia and become permanent residents there.
Malaysian permanent resident status can be revoked. There are activities from which the PR holder is banned from participating such as engaging in political activities. When a PR holder breaks the rules which govern ownership of PR status in Malaysia, the Malaysian government has the right to revoke the PR status of any permanent resident who has violated these rules. Therefore, permanent resident status, in certain circumstances prescribed by the government, can be revoked.