ONE MALAYSIA, MANY RULES FOR FOREIGN HOUSEBUYERS

December 10th, 2014 Posted by  admin

  After half a decade of flirtation with globalization of its real estate market, Malaysia decided this year to make it hard again for foreigners to buy and own a property here.  The new restrictions in the form of higher property gain tax (30%), floor price (RM1 Million) and in some cases  imposition of levy […]

Kerk & Partners’ New Office @ Oval Damansara KL

June 1st, 2014 Posted by  admin

Kerk & Partners is now located at our new office at: 5-5 Oval Damansara Kuala Lumpur 60000 MALAYSIA Our new contact numbers are: TEL : +60 3 7733 8351 / +60 3 7733 8365 FAX : +60 3 7733 8372 eFAX: +60 3 2178 4547 Email: legal@kerkco.com /  info@kerkco.com

EPU Guideline 2014 exempts foreigners with MM2H

March 4th, 2014 Posted by  admin

Foreigners holding Malaysia My Second Home (MM2H) residency visa do not need to comply with the new RM1 Million minimum house price set by the Malaysian Government. This is according to the new property guidelines issued by the Federal Government’s  Economic Planning Unit (EPU) on 1 March 2014. Read Guidelines here The MM2H visa which has […]

Foreigners with Residency are exempted from RM 1 Million Property Floor Price

December 17th, 2013 Posted by  admin

Since 2009, Malaysia has changed to become the country with probably the most open property market in Asia. In June of that year Malaysia replaced its central government’s foreign investment committee (FIC) approval for property purchase by non-citizens with the new EPU Guidelines (EPU). This made it quicker and easier for overseas buyers to own […]

Business & Investor Migration to Malaysia

December 16th, 2013 Posted by  admin

You can migrate to Malaysia by setting up a business here. Foreigners who wish to migrate to Malaysia can apply for residency under what is commonly called a “Directors Visa” which is a type of  Expatriate Employment Pass issued under the name of a Business that they set up and own in Malaysia. This is […]

High Hopes and Higher Taxes: Malaysia RPGT 2014

November 27th, 2013 Posted by  admin

Legal Guide to Buying Property in Malaysia

June 7th, 2013 Posted by  admin

Malaysia is a popular country for foreign visitors. In 2011 Malaysia is ranked 6th in the world in number of tourist arrivals. It is also fast becoming a favorite place in Asia for foreigners to buy property because of its openness to foreign buyers and strong property laws that protect homebuyers and investors. Buying a […]

RPGT 2013

May 29th, 2013 Posted by  admin

Malaysia has increased the tax rate from 10% to 15% on profits individuals make on sale of their property within two years of purchase. The property gains tax on sales in the 3rd to 5th year after purchase has also been increased from 5% to 10%.. The reason for this according to the government is […]

Geeks, Priests and Models: Professional Visit Pass in Malaysia

May 23rd, 2013 Posted by  admin

Foreigners need a Professional Visit Pass (or Pas Lawatan Ikhtisas in Malay) to undertake short-term assignments in Malaysia. PVP is given to the following categories of people: 1) foreign advisers, technical experts and volunteers; 2) foreign artists, film directors and entertainers; 3) foreign Islamic religious teachers and preachers; 4) foreign Christian, Buddhist, Hindu and Sikh […]

Foreigners Buying Commercial Property and Industrial Land in Malaysia

May 17th, 2013 Posted by  admin

Foreign citizens can buy offices, shops, retail spaces and factories in Malaysia in much the same way as they can buy residential property as long as the property is valued at more than 500,000 ringgit. According to the federal government’s EPU (Economic Planning Unit) Guidelines which are in force since 30 June 2009 no EPU […]