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Government to issue strategic investor pass to make Malaysia global investment destination

14 Jul 2023 05:38pm
Prime Minister Datuk Seri Anwar Ibrahim - FILE PIX
Prime Minister Datuk Seri Anwar Ibrahim - FILE PIX
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PUTRAJAYA - Prime Minister Datuk Seri Anwar Ibrahim said today the government will actively issue a Strategic Investor Pass (SIP) for investors to enter Malaysia on a multiple entry basis.

Through this facilitation, he said, strategic investors identified by the Malaysian Investment Development Authority (Mida) will be able to stay in the country for a minimum of five years with a view to being extended for another five years.

"This initiative is to establish Malaysia as a leader in the Asian economy and a globally competitive investment destination,” said Anwar, who is also Finance Minister, at the Budget 2024 engagement session here today.

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