Note
: Yes - Allowed  No
- Not Allowed At All |
MALAYSIAN
INVESTORS
|
|
Yes
|
Needs approval
|
|
1. Payment to non-residents
in foreign currency
|
|
(a) To invest abroad in any
form (e.g. purchase of property, shares), other than placement of deposits
|
|
- up to RM10,000 per remittance
|
X
|
|
- above RM10,000 per remittance
|
|
X
|
|
(b) As placement of deposits
|
|
X
|
| 2. Receipt from
nonresidents in foreign currency for:- |
|
(a) Drawdown of loans which
has been approved by BNM (either under general or specific approval)
|
X
|
|
|
(b) Dividends, interest and
profits from investments abroad or proceeds from sale of investment abroad
|
X
|
|
|
3. Foreign currency
accounts
|
| (a) To convert Ringgit into
foreign currency for placement, pending payment to nonresidents for the
investments |
|
X
|
|
(b) To retain the foreign currency
derived from dividends, interest and profits from investments abroad or
proceeds from sale of investment abroad
|
|
-
with commercial banks in
Malaysia for any amount, if investor has no domestic borrowing
|
X
|
|
-
with commercial banks in
Malaysia up to USD500,000 if investor has domestic borrowing
|
X
|
|
-
with Labuan offshore banks
up to USD500,000
|
X
|
|
-
with Labuan offshore banks
above USD500,000
|
|
X
|
|
|
|
X
|
|
4. Borrowing in foreign
currency
|
|
(a) Borrow in foreign currency
up to the aggregate of RM5 million equivalent from banks in Malaysia,
Labuan offshore banks or any non-resident
|
X
|
|
|
(b) Borrow in foreign currency
exceeding the aggregate of RM5 million equivalent.
|
|
X
|
| Note
: Yes - Allowed No
- Not Allowed At All |
FOREIGN
INVESTORS
|
|
Yes
|
Needs approval
|
No
|
|
1. Maintain foreign
currency accounts in Malaysia
|
| (a) Use funds in account to invest
in Ringgit assets in Malaysia |
X
|
|
|
|
(b) Transfer funds in this account
to accounts abroad
|
X
|
|
|
| 2. Maintain Ringgit External
Accounts in Malaysia |
| (a) Use funds in account to invest
in Ringgit assets in Malaysia |
X
|
|
|
| (b) Credit the account with repatriation
of offshore Ringgit funds maintained with banks overseas |
|
|
X
|
| (c) Convert Ringgit in account
into foreign currency which have been invested in Ringgit assets for less
than 12 months |
|
|
X
|
| (d) Convert Ringgit in account
into foreign currency which have been invested in Ringgit assets for more
than 12 months |
X
|
|
|
| (e) Convert Ringgit funds derived
from dividends, interest, rentals, commission, fees, and profits
|
X
|
|
|
|
3. Obtain domestic loans
|
| (a) In Ringgit from banking institutions
in Malaysia up to an aggregate of RM200,000 |
X
|
|
|
| (b) In Ringgit from
banking institutions in Malaysia exceeding RM200,000 |
|
X
|
|
| Note
: Yes - Allowed No
- Not Allowed At All |
EXPATRIATES
|
|
Yes
|
Needs approval
|
No
|
|
1. Maintain foreign
currency accounts in Malaysia
|
| (a) Use funds in account to invest
in Malaysian assets |
X
|
|
|
|
(b) Transfer funds in this account
to accounts abroad
|
X
|
|
|
| 2. Maintain Ringgit
External Accounts in Malaysia |
| (a) Debit the account to pay to
any party |
X
|
|
|
| (b) Credit the account with Ringgit
receipts for salaries, wages or fees |
X
|
|
|
| (c) Credit the account with repatriation
of offshore Ringgit funds maintained with banks overseas |
|
|
X
|
| (d) Convert Ringgit in account
into foreign currency for repatriation abroad up to the equivalent of salary
|
X
|
|
|
|
3. Obtain domestic loans
|
| (a) In Ringgit from banking institutions
in Malaysia up to an aggregate of RM200,000 |
X
|
|
|
| (b) Other than (a) above, in
Ringgit from any resident for the purchase of one residential property in
Malaysia and one vehicle loan (both for personal use) |
X
|
|
|
| (c) Other than (b) above, in
Ringgit from any resident |
|
X
|
|
| (d) In Ringgit from banking institutions
in Malaysia exceeding RM200,000 |
|
X
|
|
| Note
: Yes - Allowed No
- Not Allowed At All |
FOREIGN
WORKERS
|
|
Yes
|
Needs approval
|
No
|
|
1. Maintain foreign
currency accounts in Malaysia
|
| (a) Use funds in account to invest
in Malaysian assets |
X
|
|
|
|
(b) Transfer funds in this account
to accounts abroad
|
X
|
|
|
| 2. Maintain Ringgit
External Accounts in Malaysia |
| (a) Debit the account to pay to
any party |
X
|
|
|
| (b) Credit the account with Ringgit
receipts for salaries, wages or fees |
X
|
|
|
| (c) Credit the account with repatriation
of offshore Ringgit funds maintained with banks overseas |
|
|
X
|
| (d) Convert Ringgit in account
into foreign currency for repatriation abroad up to the equivalent of wages
|
X
|
|
|
|
3. Obtain domestic loans
|
| (a) In Ringgit from banking institutions
in Malaysia up to an aggregate of RM200,000 |
X
|
|
|
| (b) Other than (a) above, in
Ringgit from any resident for the purchase of one residential property in
Malaysia and one vehicle loan (both for personal use) |
X
|
|
|
| (c) Other than (b) above, in
Ringgit from any resident |
|
X
|
|
| (d) In Ringgit from banking institutions
in Malaysia exceeding RM200,000 |
|
X
|
|
