The pass will be issued to investors and businessmen entering Malaysia from April 1.

Saifuddin said the new scheme, known as the investor pass scheme, was aimed at making it easier for foreign investors who have committed investments in Malaysia to enter the country.

“Through this facility, foreign investors will be allowed to enter Malaysia for a six-month period, which can then be extended a further six months, subject to the needs of the applicant,” he said in a statement.

He also said that there is currently no specific travel pass for foreign investors, who are only given social visit passes valid for 14 to 90 days, depending on their home country.

He said the investor pass scheme would be implemented through the ministry’s Xpats Gateway, where more information could also be found.