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| Foreign Investment Committee Guidelines (FIC) | |
| 1. | Foreigners are allowed to purchase certain categories of residential units, shop houses, commercial and office spaces comprising of old buildings and newly launched projects, subject to price exceeding RM150,000.00 per unit except industrial land |
| 2. | Foreigners are not allowed to purchase the following type of properties. |
| Residential Property Business Property Agricultural Land Not permitted to purchase existing agricultural land for the purpose of cultivating traditional farming such as rubber and palm oil trees. |
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| 3. | All purchases of properties by foreigners must be with the approval of the FIC regardless of its' value. |
| 4. | Properties purchased by foreigners cannot be sold for the first three years from the date of acquisition. |
| 5. | The above acquisitions are allowed to be financed by domestic financial sources. |
| 6. | "Malaysia - My Second Home" program (formerly known as Silver-Haired Program) is coordinated by the Ministry Of Culture, Arts and Tourism. Under this new program foreigners are allowed to purchase up to only two (2) units of residential premise costing more than RM150,000.00 each. |
| 7. | For any further enquiries,
you may contact: The Secretary Foreign Investment Committee Unit Perancang Ekonomi Blok 5, Aras-1 Pusat Pentadbiran Kerajaan Persekutuan 62502 Putrajaya Tel: 03-88882916 Fax: 03-88883917 |
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