The government has introduced a premium visa program dubbed PVIP to attract wealthy foreigners to invest in Malaysia and live here for 20 years, said Home Minister Hamzah Zainudin.

He said the ‘Residency Through Investment’ programme, the first of its kind introduced by the government to drive the country’s economic growth, will be open for applications from Oct 1.

He said PVIP is offered to business tycoons from...