FAQs
FAQs on Non-Residence
- Is there any restriction for a non-resident to invest in Malaysia and later transfer any profits and divestment proceeds abroad?
Non-residents are free to invest in any form of ringgit assets in Malaysia. They are also free to remit out divestment proceeds, profits, dividends or any income arising from these investments in Malaysia.
“ringgit asset” means -
- ringgit-denominated security or Islamic security issued in Malaysia by a resident;
- ringgit-denominated security or Islamic security issued by a non-resident as approved by Bank Negara Malaysia;
- ringgit-denominated financial instrument or Islamic financial instrument as approved by Bank Negara Malaysia;
- ringgit deposits with a financial institution in Malaysia; or
- property in Malaysia.
- Can a non-resident hedge the exposure arising from investment in ringgit assets?
A non-resident is allowed to hedge the exposure arising from investment in ringgit assets made on or after 1 April 2005 with the licensed onshore banks or overseas branches appointed by licensed onshore banks.
- How can I determine whether the transaction I intend to undertake will require approval? How can I apply to undertake transactions which require approval?
Please seek confirmation from Bank Negara Malaysia on transactions which require approval.
Applications can be submitted online at www.bnm.gov.my/fep. For applications which online forms are not available, applicants can submit via written applications to the following address:
Director
Foreign Exchange Administration Department
Bank Negara Malaysia
Jalan Dato Onn
50480 Kuala Lumpur
Fax: 03-26913266 / 03-26937732 - Where can I seek more information on foreign exchange administration rules in Malaysia?
Information on the foreign exchange administration rules can be obtained at www.bnm.gov.my/fep. Clarification on the foreign exchange administration rules can be obtained at the BNMLINK or BNMTELELINK, Bank Negara Malaysia at 1 300 88 5465.