Announces the adoption of the Strategic Investor Pass (SIP)
14 Jul 2023
On 14 July 2023, the Government of Malaysia announced the adoption of the Strategic Investor Pass (SIP) for investors to enter Malaysia on a multiple-entry basis. Through this facilitation, strategic investors identified by the Malaysian Investment Development Authority (MIDA) will be able to stay in the country for a minimum of five years, renewable for another five years. Additionally, the Government will expand the scope of the Digital Nomad Professional Visit Pass to cover manufacturing-related skills. Through this pass, eligible professionals such as electrical and electronics (E&E) and integrated circuit (IC) designers can move to Malaysia and freelance up to two years.
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Type:
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Treatment and operation (Immigration regulations)
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Promotion and facilitation (Investment facilitation )
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Industry:
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Manufacturing
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Services (Electricity, gas, steam and air conditioning supply, Telecommunications, Computer programming, consultancy and related activities, Other service activities)
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Sources:
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Government of Malaysia, MIDA, Strategic investor pass will boost Malaysia’s attractiveness to investors, https://www.mida.gov.my/mida-news/strategic-investor-pass-will-boost-malaysias-attractiveness-to-investors/#:~:text=18%20Jul%202023&text=On%20July%2014%2C%20Prime%20Minister,a%20further%20five%2Dyear%20extension., 18 Jul 2023
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Government of Malaysia, MOF, Govt to issue strategic investor pass to make Malaysia global investment destination, https://www.mof.gov.my/portal/en/news/press-citations/govt-to-issue-strategic-investor-pass-to-make-malaysia-global-investment-destination, 14 Jul 2023
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nst, Govt streamlining agencies, boosting efforts to attract investors, https://www.nst.com.my/news/nation/2023/07/931006/pm-govt-streamlining-agencies-boosting-efforts-attract-investors, 14 Jul 2023
