New minimal extension of MSSM

We construct a new minimal extension of the minimal supersymmetric standard model (MSSM) by promoting the μ-parameter to a singlet superfield. The resulting renormalizable superpotential is enforced by a Z5 R-symmetry which is imposed on the non-renormalizable operators as well. The proposed model provides a natural solution to the μ-problem and is free from phenomenological and cosmological problems.