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Malaysia's Premium Visa Program (PViP), aiming for substantial foreign direct investment, has attracted only 47 participants, including 23 principal applicants and their dependents, falling short of its ambitious 20,000 application target.
The majority of applicants come from Taiwan, followed by China, South Africa, Europe, the US, Japan, Turkey, and Bangladesh.
The program's realized FDI is significantly below the anticipated MYR206 million. The discrepancy between expectations and reality highlights the challenges faced by the PViP, contrasting sharply with the government's initial optimism and the questionable claim of receiving 20,000 applications on launch day.
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