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I am a malaysian to set up a company with foreign partner. I am a 70% majority shareholder. Can we use the company to buy residential property that do not meet minimum requirement threshold ,ie RM1 million, and consider this purchase as purchase by Malaysian. Thanks
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1 Answer

Jezmine Cheah
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Hi, if you hold more than 50% shares of the company, it will be considered a local company. And you are Malaysian, the threshold won't apply to you.

Fore more information can contact Jezmine Cheah 01170139138  . Read More
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  • m***@gmail.com
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    Hi Jezmine, thanks for the reply. Just to clarify further. Do you mean that since i hold more than 50% of the share I can use the company to buy residential / commercial property without subject to the 1 million threshold (in KL) or 2 million (in Selangor), right?

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