Legal Firm & Law Firm In Kuala Lumpur, Malaysia

Foreign Investment Committee Guidelines

Foreign Investment Committee Guidelines

Foreign ownership of property in Malaysia is permitted subject to certain conditions laid down in law. The controls on foreign ownership of property are set out in the National Land Code, State rules and guidelines of Foreign Investment Committee (FIC). FIC is a division of the Prime Minister’s Department monitoring the national policies regarding foreign ownership of property through the implementation of its guidelines. The State Authority has the discretion to consider the acquisition based on the area or location of the property, types of property and percentage of the total units in a project.