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TOPIC: Can foreigner own property in Malaysia ?
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Can foreigner own property in Malaysia ? 1 Year, 11 Months ago
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Hi
Since Malaysia do no allow dual-citizenship, I am curious if the country has any law in place to forbid a designated heir, who has gave up Malaysian citizenship, to inherit and liquidate properties left over by his/he parents. Parents are both Malaysian and properties include real estate, commercial and land property as well as bank and brokerage accounts.
I am looking forward to hear from anyone who know anything about the Malaysian property law or had ran into the same situation like what I just described.
Thank you
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Re:Can foreigner own property in Malaysia ? 1 Year, 11 Months ago
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Karma: 1
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I think that foreigners can own properties in Malaysia under certain conditions as stipulated by Government.Please if you will enter web under Malaysia my second home(MM2H)program and perhaps you will have clear picture of probably what you requested for.Good luck to you.
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Re:Can foreigner own property in Malaysia ? 1 Year, 11 Months ago
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Karma: 0
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I am banker. i done a few foreigner cases with approval.
Our bank is accepted foreigner taking housing loan with conditions:
1.no more than 70% margin
2. sometimes they need place FD (10% of property value) in our bank to show his/her commitment.
3. They are professional - accountant, Senior management, engineer and etc.
*Any futher info, pls feel free to contact me.
LEO
012 243 7929
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Re:Can foreigner own property in Malaysia ? 1 Year, 11 Months ago
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Hi Leo
Can foreigner inherit property from parents in Malaysia?
Thank you
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Re:Can foreigner own property in Malaysia ? 1 Year, 11 Months ago
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Karma: 0
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Hi
Can foreigner inherit property from parents in Malaysia?
Thank you
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Re:Can foreigner own property in Malaysia ? 1 Year, 11 Months ago
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Karma: 5
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You may need a power of attorney and a will of the deceased to support your beneficiary interests and relationship as children to the estate of the deceased.
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