: : Investing in Malaysia : :
Jark was asking about investing in Malaysia. Well, you’re in luck as it coincided with a talk I had with my father just this morning. We were talking about the new promotions : Malaysia ~ My Second Home. It speaks about foreigners wanting to live in Malaysia can now buy property with a minimum fixed deposition of RM150,000 with any Malaysian financial institutions AND a monthly offshore income equivalent to at least RM7,000 if single or RM10,000 if with spouse. It gets better if one is over 50 as only have to prove either a fixed deposit of the same amount OR a monthly income as stated. There are a few more critirias but it doesn’t look to be that much of a problem.
Now, as for investment opportunities, details of investing in the manufacturing sector can be found at :
Malaysian Industrial Development Authority (MIDA)
Level 5, Plaza Sentral
Jalan Stesen Sentral 5
Kuala Lumpur Sentral
50470 Kuala Lumpur
MALAYSIA.
Tel : +603-2267 3633
Fax : +603-2274 7970
Email : promotion@mida.gov.my
Website : www.mida.gov.my
As for the Malaysia ~ My Second Home promotion, enquiries are to :
Ministry of Culture, Arts & Tourism, Malaysia
Tourism Dvision
Level 33, Menara Dato’ Onn
Putra World Trade Center
45 Jalan Tun Ismail
50694 Kuala Lumpur
MALAYSIA
Tel : +603-2693711 / 2696 3133/ 2696 3132
Fax : +603-2694 1146 / 2693 2399
Website : www.mocat.gov.my