Get your entrepreneur visa in Malaysia (MTEP)
This programme was introduced in hopes of attracting foreign skills and speciliaties in starting new business ventures in Malaysia. For those who meet the requirements and pass MTEP’s screening will then be granted a work pass in the country.
Obtain an entrepreneur work visa through “Malaysia Tech Entrepreneur Programme（MTEP）”
Eligibility will be based on these three categories set by MTEP below:
The 3 categories (eligibility criteria)
- New Entrepreneur
- Experienced Entrepreneur
- Venture Capital
New Entrepreneur
- Foreign new entrepreneurs with business ideas but no business track record in the tech industry (founder or co-founder).
- Professional Visit Pass (PVP-MTE) : 1 year validity (renewable upon first year achievement)
Experienced Entrepreneur
- Foreign entrepreneurs with a proven business track record in the tech industry (Founder or co-founder)
- Establishment of more than 3 years
- Past 2 years audit report
- Residence Pass (RP-MTE) : 5 years validity (renewable)
Venture Capital
- Founder, co-founders or Malaysian venture partner
- Minimum fund of RM 10 million
- Registered with Securities Commission Malaysia as Venture Capital Management Corporation (VCMC)
- Residence Pass (RP-MTE) : 5 years validity (renewable)
Requirements for New Entrepreneur
- Business plan resources：information detailing proposed business idea, market opportunity and financial plans
- Financial performance：3 months of personal bank statements with a minimum of RM50,000 capital (not limited to Malaysian banks)
- Local sponsor：
1. Offer or rental agreement from Malaysia Digital Hub or an accredited partner (such as MaGIC etc)
2. Personal letter of guarantee signed by the authorized sponsoring organization in Malaysia (e.g. Malaysia Digital Hub, MaGIC). - Certificate of Good Conduct：a document issued by the embassy or enforcement agency indicating that applicant does not have any criminal record in his/her country of residence
Requirements for experienced entrepreneur
- Business plan resources：information detailing proposed business idea, market opportunity and plans in securing financing
- Financial performance：3 months of personal bank statements with a minimum of RM50,000 capital (not limited to Malaysian banks) and proof of business performance (2 years’ worth of financial reports
- Local sponsor：
Declaration by a Malaysian who is over the age of - Certificate of Good Conduct：a document issued by the embassy or enforcement agency indicating that applicant does not have any criminal record in his/her country of residence
Examples of business activities under MTEP
Business platform examples
- AI-based platforms, IoT, big data analysis, robotics
- Fintech, blockchain, cyber security
- Health tech, HR tech, agri tech, drone tech
Examples of business platforms that are not covered yet
Trading, media, website development, consulting services, shared services, coworking spaces, manufacturing, freelance activities, software integration
Frequently asked question
Do I need to be in Malaysia to apply?
No, application can be done outside of Malaysia. Application from Japan is possible.
Can submission of application be in my own mother tongue?
Application forms should be done in English.
Can I bring my family as well?
Experienced entrepreneurs can only bring immediate family members . This includes:
a. Spouse
b. Children under 18 years old
c. Children with disabilities verified by professionals (no age limit)
This does not apply to new entrepreneur applicants.
a. Spouse
b. Children under 18 years old
c. Children with disabilities verified by professionals (no age limit)
This does not apply to new entrepreneur applicants.
What happens when my pass is due to expire?
Upon successful establishment of your business in Malaysia, the work pass can be renewed.
(a year for new entrepreneurs and up to 5 years for experienced entrepreneurs)
Renewal notifications will be sent out 2 months prior to current pass’s expiry.
(a year for new entrepreneurs and up to 5 years for experienced entrepreneurs)
Renewal notifications will be sent out 2 months prior to current pass’s expiry.
More details in our webinar
Please join our recorded webinar to learn more about the MTEP program. (Webinar was recorded on 7th September 2021)Please log in for free to view the webinar.
MTEP application support service
Bridge International Asia Sdn Bhd is the only IT firm that provides support services in MTEP applications. We work closely with MDEC in helping tech entrepreneurs in expanding into Malaysia. Please contact us for more information.
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We hope this article will be useful for those who are considering of doing business in Malaysia.
This article was written by Bridge International Asia Sdn Bhd based on locally gathered information.
While we try our best in making sure the information provided in the contents and articles of this site is as accurate as possible, we do not necessarily guarantee the accuracy of the content. Unauthorized reproduction of content is prohibited.
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