Worldwide Assistance

Property Overseas

Whether you are looking for a second home or an investment opportunity, find out how we can help you turn your dream into a reality. With our extensive global network, you can rely on us to provide local information and services to support your purchase. Call 1 300 88 9393(local) or overseas - call collect 630-2050 7001 for more assistance.

Note

Exchange Control of Malaysia
Resident individuals are to be aware of the Exchange Control rules of Malaysia which are applicable to them.

Investment abroad, amongst others, includes placement of funds in foreign currency accounts maintained with licensed onshore banks, licensed offshore banks in Labuan and overseas banks.

A resident individual without domestic Ringgit credit facilities is allowed to fund his investment abroad as follows: -

• any amount of own foreign currency funds retained onshore or offshore;
• foreign currency credit facilities up to RM10 million equivalent in aggregate from licensed onshore banks and non-residents; and
• any amount through conversion of Ringgit into foreign currency. However, registration with the Controller is required for amount exceeding RM50 million equivalent in aggregate per calendar year, at least seven working days prior to effecting payment.

A Malaysian resident individual with domestic Ringgit credit facilities is allowed to fund his investment abroad as follows: -

• any amount of own foreign currency funds retained onshore or offshore;
• foreign currency credit facilities up to RM10 million equivalent in aggregate from licensed onshore banks and non-residents; and
• up to RM1 million equivalent per calendar year if the said investment abroad involves conversion of Ringgit into foreign currency.

A resident individual is allowed to obtain foreign currency credit facilities up to an equivalent of RM10 million in aggregate from licensed onshore banks and non-residents.

Prior permission of the Controller is required for obtaining foreign credit facilities exceeding RM10 million.

For more details, please visit Bank Negara Malaysia Foreign Exchange Administration (FEA) webpage