Jun 14, 2013

    Malaysia makes it easier for visiting foreign talent

    QUALIFIED foreign investors and fund managers will be able to obtain five-year multiple-entry visas, as part of efforts to attract more talent and investors to spur the country's economy.

    Announcing the measures, Prime Minister Najib Razak said the move would make it easier for investors and fund managers to visit Malaysia, as they would enjoy entry facilities similar to those of long-term investors and professional expatriates.

    "In the past, this effort to attract top expatriate talent has been somewhat ad hoc - in fact, during last year's Invest Malaysia question-and-answer session, a long-term investor asked for permanent residency, and I approved it on the spot," Datuk Seri Najib said in his keynote address at the Invest Malaysia 2013 conference yesterday.

    He said Malaysia must manage talent better and work to attract and retain skilled workers, to ensure continued and sustainable economic growth.

    Last December, the government reached out directly to expatriate corporate leaders by offering 10-year residency passes.