FOREIGN INVESTMENT COMMITTEE (FIC) GUIDELINES


Applications of the guidelines

The FIC guidelines shall apply to any of the following transactions which requires the approval of FIC:


  1. All property acquisition, except for residential units, that requires approval of the Economic Planning Unit, Prime Minister's Department as follows:

    1. direct acquisition of property valued at RM20 million and above, resulting in the dilution in the ownership of property held by Bumiputera interest and/or government agency; and

    2. indirect acquisition of property by other than Bumiputera interest through acquisition of shares, resulting in a change of control of the company owned by Bumiputera interest and/or government agency, having property more than 50% of its total assets, and the said property is valued more than RM20 million.

All property acquisition by foreign interest that do not require the approval of the Economic Panning Unit, Prime Minister's Department but falls under the purview of the relevant Ministries and/or Government Departments as follows:

  1. acquisition of commercial unit valued at RM500,000 and above

  2. acquisition of agricultural land valued at RM500,000 and above or at least five (5) acres in area for the following purposes:

    • to undertake agricultural activities on a commercial scale using modern or high technology

    • to undertake agro-tourism projects

    • to undertake agricultural or agro-based industrial activities for the production of goods for export.

  3. acquisition of industrial land valued at RM500,000 and above; and

  4. transfer of property to a foreigner based on family ties is only allowed among immediate family members.

Restrictions

Foreign interest is not allowed to acquire:


  1. Properties valued less than RM500,000 per unit

  2. Residential units under the category of low and low-medium cost as determined by the State Authority

  3. Properties built on Malay reserved land

  4. Properties allocated to Bumiputera interests in any property development project as determined by the State Authority

For further enquiries, please contact:

Foreign Investment Committee (FIC)
Economic Planning Unit
Prime Minister's Department
Block B5 & Block B6
Federal Government Administrative Centre
62502 Putrajaya

Tel No: +(603) 8888-3333
Fax No: +(603) 8888-3755
Email address: info@epu.jpm.my
Website: www.epu.jpm.my