Guide to Foreign Investors for Acquisition of Propoerty in Malaysia

Tuesday, November 17, 2015

Section 433B of National Land Code (NLC) 1965 provides that non-citizens and foreign companies may acquire land only with the approval of the State Authority. A non-citizen or a foreign company
may acquire land by way of a disposal under Division II. Under theNLC, a person may sell or dispose of  his property to a foreign nationalbut only after the State Consent has been obtained. If a foreign national
wishes to purchase a residential property in Malaysia, he must therefore make an application to the
State Authority to obtain the State Consent before he completes the transaction.

 

The full publication can be found at http://www.azmilaw.com/images/stories/PDF/newsletter/Issue_44/44-03_Guid...