Before you contact us for assistance, please go through the following frequently asked questions on foreign exchange administration applications. It may save your time and effort. Do you want to see the questions related to Resident Individuals or Resident Companies or Non-residents? Click on the question to open/close.
non-residents
| 1. I am a non-resident. Can I transfer funds from investments in Malaysia to overseas? |
| 1. I am a non-resident. Can I transfer funds from investments in Malaysia to overseas? |
| There is no restriction on the repatriation of profits, commissions, dividends, fees, rental, royalties or proceeds from divestment of investments in Malaysia by a non-resident. |
| 2. I am a non-resident with more than one External Account. May I transfer the funds from one account to the other? |
| 2. I am a non-resident with more than one External Account. May I transfer the funds from one account to the other? |
| Yes. Transfer of funds from an External Account to another External Account belonging to the same account holder is allowed. |
| 3. Is there any restriction for a foreigner (non-resident) to invest in Malaysia and later transfer abroad any profits and divestment proceeds? |
| 3. Is there any restriction for a foreigner (non-resident) to invest in Malaysia and later transfer abroad any profits and divestment proceeds? |
| No. There is no restriction for a non-resident to invest in Malaysia, whether to purchase ringgit assets, such as property in Malaysia or to subscribe or purchase securities in Malaysia .
There is no restriction for a non-resident to transfer abroad in foreign currency any profits or returns from their investment in Malaysia , including divestment proceeds. |
| 4. Can a non-resident individual obtain a property loan to finance the purchase of a property as a personal investment and not for his own use? |
| 4. Can a non-resident individual obtain a property loan to finance the purchase of a property as a personal investment and not for his own use? |
| Yes, the non-resident individual may obtain a property loan for the purchase of commercial or residential property which is not for his own use. |
| 5. What other types of credit facilities can a non-resident obtain in Malaysia? |
| 5. What other types of credit facilities can a non-resident obtain in Malaysia ? |
| A non-resident may obtain up to in aggregate of RM10 million of any type of credit facilities from the onshore banking institutions. The funds may be used for any purpose in Malaysia . These facilities are in addition to the 3 property loans in which are freely allowed. |
| 6. Is there a limit on the amount a non-resident could borrow for each property loan? |
| 6. Is there a limit on the amount a non-resident could borrow for each property loan? |
| No, there is no limit on the amount for each property loan. It is subject to the bank’s own internal and credit assessment guidelines.
Non-residents, however, are allowed to obtain up to 3 property loans from residents (bank and non-bank) in Malaysia . |
| 7. Where can I seek more information on foreign exchange administration in Malaysia? |
| 7. Where can I seek more information on foreign exchange administration in Malaysia ? |
| You can obtain more information from the Foreign Exchange Administration Department, Bank Negara Malaysia .
General information could also be obtained from http://www.bnm.gov.my. |
| 8. We are a company incorporated outside Malaysia. Can we transfer funds from our investments in Malaysia to overseas? |
| 8. We are a company incorporated outside Malaysia . Can we transfer funds from our investments in Malaysia to overseas? |
| There is no restriction for a non-resident investor to repatriate funds out of Malaysia arising from proceeds from sale of ringgit assets, profits, commissions, dividends, rental, fees, royalties or divestments of their investments in Malaysia . |
| 9. Are non-residents allowed to sell forward foreign currency against ringgit for deposit into the External Account pending investment in Malaysia? |
| 9. Are non-residents allowed to sell forward foreign currency against ringgit for deposit into the External Account pending investment in Malaysia ? |
| No. Non-residents are not allowed to sell forward foreign currency against ringgit for crediting into an External Account.
Prior permission of the Controller is also required for a non-resident to sell forward ringgit funds in an External Account. |
| 10. Where can I seek permission to undertake transactions where general permission from the Controller is not provided? |
| 10. Where can I seek permission to undertake transactions where general permission from the Controller is not provided? |
| Applicant is encouraged to submit application using electronic form provided in this website. To choose the application form, click here. Alternatively applicant may submit hardcopy application form to the following address:
Director Fax: 03-26943991 Hardcopy application form can be downloaded from this website. For a list of application forms and their user guides, click here. |
NSKH 