|
Banking
& Finance:
|
||
|
Activity
|
Type
of Licences / Requirements
|
Approving
Authority
|
| Local Payment in Foreign Currency Between Residents | Approval letter from the Controller of Foreign Exchange | Balance
of Payments Department, Central Bank of Malaysia (Cawangan Sabah) Jln Datuk Chong Thien Voon P. O. Box 11200 88813 Kota Kinabalu, Sabah Tel: 088-211211 Fax: 088-219464 |
| Borrowing
(a) Borrowing from non-residents (inclusive of guarantees): i. In foreign currency exceeding RM1 million in aggregate ii. In ringgit (b) Local borrowing i. Obtained by non- resident controlled companies exceeding RM10 million in aggregate ii. Obtained by non-resident controlled companies to finance the purchase of immovable properties in Malaysia iii. Obtained by non-residents exceeding RM100,000 (c) Local borrowing in foreign currency exceeding RM1 million |
Approval letter from the Controller of Foreign Exchange |
Balance of Payments
|
| Opening
of Bank Account (a) Overseas account by resident (b) Foreign currency account maintained by residents in Malaysia |
Approval letter from the Controller of Foreign Exchange |
Balance of Payments
|
| Flow
of Funds (a) Export proceeds i. exceeding 6 months from the date of export ii. to offset export proceeds against import payments or loan repayments iii. will not receive export proceeds (b) Investment abroad and loan to non-residents if the resident concerned has obtained local borrowing |
Approval letter from the Controller of Foreign Exchange | Balance
of Payments Department, Central Bank of Malaysia (Cawangan Sabah) Jln Datuk Chong Thien Voon P. O. Box 11200 88813 Kota Kinabalu, Sabah Tel: 088-211211 Fax: 088-219464 |
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