EXCHANGE CONTROL RULES

Definition of resident (a) Malaysian citizen; or (b) Malaysian citizen with PR status of another country but resides in Malaysia; or (c) Non- Malaysian citizen with PR status in Malaysia and resides in Malaysia; or (d) Business enterprises / societies established / operating in Malaysia Other Definitions

Definition of nonresident (a) Non- Malaysian citizen; or (b) Malaysian citizen with PR status abroad and resides abroad; or (c) oreign e!bassies" high co!!issions" supranationals" central ban#s; or (d) Business entities established abroad

Definition of External Account

Definition of Ringgit asset in Malaysia (a) $ny for! of ban# deposits (b) %and & building (c) Malaysian securities (whether listed or unlisted)

$ Ringgit account with a financial institution in Malaysia which is !aintained by a nonresident or where the beneficial owner of the Ringgit funds is a non-resident

The Exchange Control Rules apply to all as follows : Traveler (To/From Malaysia) Exporter (Exports From Malaysia Importer (Imports Into Malaysia) Malaysian Investor (Investing Abroad) Foreign Investor (Investing in Malaysia) Expatriate / Foreign Worker (Working In Malaysia) Malaysian Working Abroad Malaysian t!dying Abroad A. Travelers ! "ho shoul# co$plete the Tra%elers &eclarat'on (or$ )T&(* (a) "egardless o# t$e amo!nt o# "inggit notes or #oreign %!rren%y notes / traveler&s %$e'!es bro!g$t into or taken o!t o# t$e %o!ntry: All residents m!st %omplete t$e T(F All non-residents m!st %omplete t$e T(F (b) )ot$ residents and nonresidents m!st ens!re approval is obtained #or %arrying above t$e permitted amo!nt TRA+ELERS
Note : Yes - Allo ed No - Not Allo ed At All

Res'#ent -es

Non,res'#ent

Nee#s Nee#s -es appro%al appro%al

.! /r'ng'ng 'nto 0alays'a R'ngg't or fore'gn currency on person or 'n 1aggage (a) )ring in #oreign %!rren%y notes and travelers& %$e'!es o# any amo!nt (b) )ring in "inggit notes and %oins !p to "M+,--(%) )ring in "inggit notes and %oins above "M+,--* * * * * *

2! Ta3'ng out of 0alays'a R'ngg't or fore'gn currency on person or 'n 1aggage (a) Take o!t #oreign %!rren%y notes and travelers %$e'!es !p to t$e e'!ivalent o# "M+-,--- !Resident " Non-Resident leaving
Malaysia is #er$itted to carry Ringgit currency notes u# to RM%&''' only(

.ot appli%able

(b) Take o!t #oreign %!rren%y notes and travelers& %$e'!es ex%eeding t$e e'!ivalent o# "M+-,--(%) Take o!t #oreign %!rren%y notes and travelers& %$e'!es !p to t$e amo!nt bro!g$t in (/it$ do%!mentary eviden%e #or amo!nt bro!g$t in)

.ot appli%able

.ot appli%able * *

(d) Take o!t #oreign %!rren%y notes and travelers& %$e'!es (/it$o!t .ot appli%able do%!mentary eviden%e #or amo!nt bro!g$t in)

) . Ex#orters EX4ORTERS
Note : Yes - Allo ed No - Not Allo ed At All

-es ! Export procee#s (a) "e%eived in #!ll, /it$in a period o# six mont$s #rom date o# s$ipment/export (b) "e%eived in #!ll, a#ter six mont$s #rom date o# s$ipment/export (%) 0##set against payments to t$e non-resident .! Rece'%e fro$ non,res'#ents 'n R'ngg't for5, (a) pro%eeds #or export o# goods and servi%es %ontra%ted a#ter +1-- $o!rs on + eptember +223 (b) dra/do/n o# loan 2! Rece'%e fro$ nonres'#ents 'n fore'gn currency5, (a) pro%eeds #or export o# goods and servi%es * *

Nee#s No appro%al

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(b) dra/do/n o# loans /$i%$ $as been approved by ).M (eit$er !nder general or spe%i#i% approval) 6! 4ay to nonres'#ents 'n R'ngg't for5, (a) servi%es (b) repayment o# loan 7! 4ay to nonres'#ents 'n fore'gn currency for5, (a) servi%es (b) repayment o# loan /$i%$ $as been approved by ).M (eit$er !nder general or spe%i#i% approval) 8! (ore'gn currency accounts To retain export pro%eeds in #oreign %!rren%y: (a) Wit$ %ommer%ial banks in Malaysia, !p to t$e #ollo/ing limits 4 (+- million #or exporter /it$ average mont$ly export re%eipts ex%eeding "M5- million6 4 ( 7 million #or exporter /it$ average mont$ly export re%eipts above "M+- million and !p to "M5- million6 4 (1 million #or exporter /it$ average mont$ly export re%eipts bet/een "M7 million and "M+- million6 4 ( + million #or ne/ exporter or t$ose /it$ average mont$ly export re%eipts o# less t$an "M 7 million/li8

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(b) Wit$ %ommer%ial banks in Malaysia, in ex%ess o# t$e above limits (%) Wit$ banks overseas, in%l!ding 9ab!an o##s$ore banks 9! /orrow'ng 'n fore'gn currency (a) 0btain s$ort-term (less t$an +5 mont$s) trade #inan%ing #a%ilities in #oreign %!rren%y #rom %ommer%ial banks in Malaysia (b) 0t$er t$an (a) above, borro/ in #oreign %!rren%y !p to t$e aggregate o# "M7 million e'!ivalent #rom banks in Malaysia, 9ab!an o##s$ore banks or any non-resident (%) )orro/ in #oreign %!rren%y ex%eeding t$e aggregate o# "M7 million e'!ivalent: :! 4ay$ent to another res'#ent 'n fore'gn currency for5, (a) (ra/do/n and repayment o# loans #rom banks in Malaysia (/it$ ).M approval - general/spe%i#i%) (b) All ot$er p!rposes ;ot$er t$an 3 (a)< * *

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* . +$#orters ;04ORTERS
Note : Yes - Allo ed No - Not Allo ed At All

-es ! 4ay to nonres'#ents 'n R'ngg't for5, (a) import o# goods and servi%es %ontra%ted a#ter +1-- $o!rs on + eptember +223 (b) repayment o# loan .! 4ay to nonres'#ents 'n fore'gn currency for5, (a) import o# goods and servi%es *

Nee#s No appro%al

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(b) repayment o# loan /$i%$ $as been approved by ).M (eit$er !nder general or spe%i#i% approval) * 2! Rece'%e fro$ nonres'#ents 'n R'ngg't for #raw#own of loans 6! Rece'%e fro$ nonres'#ents 'n fore'gn currency for #raw#own of loans wh'ch ha%e 1een appro%e# 1y /N0 )e'ther un#er general or spec'f'c appro%al* 7! /orrow'ng 'n fore'gn currency (a) 0btain s$ort-term (less t$an +5 mont$s) trade #inan%ing #a%ilities in #oreign %!rren%y #rom %ommer%ial banks in Malaysia (b) 0t$er t$an (a) above, borro/ in #oreign %!rren%y !p to t$e aggregate o# "M7 million e'!ivalent #rom banks in Malaysia, 9ab!an o##s$ore banks or any non-resident (%) )orro/ in #oreign %!rren%y ex%eeding t$e aggregate o# "M7 million e'!ivalent: 8! 4ay$ent to another res'#ent 'n fore'gn currency (a) For dra/do/n and repayment o# loans #rom banks in Malaysia (/it$ ).M approval - general/spe%i#i%) (b) For all ot$er p!rposes ; ot$er t$an = (a) < 9! (ore'gn currency accounts (a) >onvert "inggit into #oreign %!rren%y #or pla%ement pending payment to nonresidents #or imports * * * * *

D . Malaysian +nvestors 0ALA-S;AN ;N+ESTORS Nee#s appro%al

Note : Yes - Allo ed

No - Not Allo ed At All

-es ! 4ay$ent to non,res'#ents 'n fore'gn currency (a) To invest abroad in any #orm (e:g: p!r%$ase o# property, s$ares), ot$er t$an pla%ement o# deposits !p to "M+-,--- per remittan%e above "M+-,--- per remittan%e *

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(b) As pla%ement o# deposits .! Rece'pt fro$ nonres'#ents 'n fore'gn currency for5, (a) (ra/do/n o# loans /$i%$ $as been approved by ).M (eit$er !nder general or spe%i#i% approval) (b) (ividends, interest and pro#its #rom investments abroad or pro%eeds #rom sale o# investment abroad 2! (ore'gn currency accounts (a) To %onvert "inggit into #oreign %!rren%y #or pla%ement, pending payment to nonresidents #or t$e investments (b) To retain t$e #oreign %!rren%y derived #rom dividends, interest and pro#its #rom investments abroad or pro%eeds #rom sale o# investment abroad /it$ %ommer%ial banks in Malaysia #or any amo!nt, i# investor $as no domesti% borro/ing /it$ %ommer%ial banks in Malaysia !p to 4 (7--,--- i# investor $as domesti% borro/ing /it$ 9ab!an o##s$ore banks !p to 4 (7--,--/it$ 9ab!an o##s$ore banks above 4 (7--,--/it$ overseas banks * * * * *

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6! /orrow'ng 'n fore'gn currency (a) )orro/ in #oreign %!rren%y !p to t$e aggregate o# "M7 million e'!ivalent #rom banks in Malaysia, 9ab!an o##s$ore banks or any non-resident (b) )orro/ in #oreign %!rren%y ex%eeding t$e aggregate o# "M7 million e'!ivalent: * *

E . ,oreign +nvestors (ORE;GN ;N+ESTORS

Note : Yes - Allo ed No - Not Allo ed At All

-es ! 0a'nta'n fore'gn currency accounts 'n 0alays'a (a) 4se #!nds in a%%o!nt to invest in "inggit assets in Malaysia (b) Trans#er #!nds in t$is a%%o!nt to a%%o!nts abroad .! 0a'nta'n R'ngg't External Accounts 'n 0alays'a (a) 4se #!nds in a%%o!nt to invest in "inggit assets in Malaysia (b) >redit t$e a%%o!nt /it$ repatriation o# o##s$ore "inggit #!nds maintained /it$ banks overseas (%) >onvert "inggit in a%%o!nt into #oreign %!rren%y /$i%$ $ave been invested in "inggit assets #or less t$an +5 mont$s (d) >onvert "inggit in a%%o!nt into #oreign %!rren%y /$i%$ $ave been invested in "inggit assets #or more t$an +5 mont$s (e) >onvert "inggit #!nds derived #rom dividends, interest, rentals, %ommission, #ees, and pro#its 2! O1ta'n #o$est'c loans (a) In "inggit #rom banking instit!tions in Malaysia !p to an aggregate o# "M5--,--(b) In "inggit #rom banking instit!tions in Malaysia ex%eeding "M5--,--, . Ex#atriates * * * * * *

Nee#s appro%al

No

* *

EX4ATR;ATES
Note : Yes - Allo ed No - Not Allo ed At All

-es ! 0a'nta'n fore'gn currency accounts 'n 0alays'a (a) 4se #!nds in a%%o!nt to invest in Malaysian assets (b) Trans#er #!nds in t$is a%%o!nt to a%%o!nts abroad * *

Nee#s No appro%al

.! 0a'nta'n R'ngg't External Accounts 'n 0alays'a (a) (ebit t$e a%%o!nt to pay to any party (b) >redit t$e a%%o!nt /it$ "inggit re%eipts #or salaries, /ages or #ees (%) >redit t$e a%%o!nt /it$ repatriation o# o##s$ore "inggit #!nds maintained /it$ banks overseas (d) >onvert "inggit in a%%o!nt into #oreign %!rren%y #or repatriation abroad !p to t$e e'!ivalent o# salary 2! O1ta'n #o$est'c loans (a) In "inggit #rom banking instit!tions in Malaysia !p to an aggregate o# "M5--,--(b) 0t$er t$an (a) above, in "inggit #rom any resident #or t$e p!r%$ase o# one residential property in Malaysia and one ve$i%le loan (bot$ #or personal !se) (%) 0t$er t$an (b) above, in "inggit #rom any resident (d) In "inggit #rom banking instit!tions in Malaysia ex%eeding "M5--,--* * * * * * * *

- . ,oreign .or/ers (ORE;GN "OR<ERS Nee#s No appro%al

Note : Yes - Allo ed

No - Not Allo ed At All

-es ! 0a'nta'n fore'gn currency accounts 'n 0alays'a (a) 4se #!nds in a%%o!nt to invest in Malaysian assets (b) Trans#er #!nds in t$is a%%o!nt to a%%o!nts abroad .! 0a'nta'n R'ngg't External Accounts 'n 0alays'a (a) (ebit t$e a%%o!nt to pay to any party (b) >redit t$e a%%o!nt /it$ "inggit re%eipts #or salaries, /ages or #ees (%) >redit t$e a%%o!nt /it$ repatriation o# o##s$ore "inggit #!nds maintained /it$ banks overseas (d) >onvert "inggit in a%%o!nt into #oreign %!rren%y #or repatriation abroad !p to t$e e'!ivalent o# /ages * * * * *

2! O1ta'n #o$est'c loans (a) In "inggit #rom banking instit!tions in Malaysia !p to an aggregate o# "M5--,--(b) 0t$er t$an (a) above, in "inggit #rom any resident #or t$e p!r%$ase o# one residential property in Malaysia and one ve$i%le loan (bot$ #or personal !se) (%) 0t$er t$an (b) above, in "inggit #rom any resident (d) In "inggit #rom banking instit!tions in Malaysia ex%eeding "M5--,--* * * *

0 . Malaysian .or/ing A1road 0ALA-S;ANS "OR<;NG A/ROA& Nee#s appro%al

Note : Yes - Allo ed

No - Not Allo ed At All

-es ! (ore'gn currency accounts to 1e opene# w'th (a) any %ommer%ial bank in Malaysia !p to 4 (+--,--above 4 (+--,--*

(b) any 9ab!an o##s$ore bank !p to 4 (+--,--* *

above 4 (+--,---

(%) any overseas bank !p to 4 (7-,--above 4 (7-,--* *

.! Re$'ttances to the res'#ent=s fore'gn currency accounts (a) In t$e %!rren%y o# t$e a%%o!nt /it$in t$e limits allo/ed #or s!%$ a%%o!nts (as per item ? + above) (b) )y t$e resident&s employer * *

+ . Malaysian 2tudying A1road 0ALA-S;ANS STU&-;NG A/ROA& Nee#s appro%al

Note : Yes - Allo ed

No - Not Allo ed At All

-es ! (ore'gn currency accounts opene# w'th5 any %ommer%ial bank in Malaysia6 any 9ab!an o##s$ore bank6 and any overseas bank * * * *

!p to t$e amo!nt re'!ired #or one year&s t!ition, #ees, a%%ommodation and general living expenses: .! Re$'ttances to the res'#ent=s fore'gn currency accounts (a) In t$e %!rren%y o# t$e a%%o!nt !p to t$e amo!nt re'!ired #or one year&s t!ition, #ees, a%%ommodation and general living expenses (b) )y t$e resident&s parent/g!ardian/relative/employer 2! Re$'ttances to 'nst'tutes of h'gher learn'ng 'n fore'gn currency for fees an# acco$$o#at'on

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3ENA4TY 'he penalty for offenses co!!itted under the ()change *ontrol $ct" +,-. /pon con0iction1 o ,+NE - /p to RM+2"222; o 5A+4 TERM - Not e)ceeding . years; or o )OT0 ,urther *larification Co$putat'on of the . $onths hol#'ng per'o# for External Account hol#er 1efore R'ngg't $ay 1e con%erte# 'nto fore'gn currency T$e +5 mont$s /o!ld start #rom + eptember +223, #or non-residents /$o already $ave "inggit #!nds in Malaysia, t$at is t$ey $ad deposited #!nds or $ad p!r%$ased "inggit assets be#ore + eptember +223:

(!ring t$is one year period, t$e non-resident is allo/ed to %$ange t$e type or #orm o# "inggit asset $e %$ooses to invest in: I# t$e non-resident %onverts #oreign %!rren%y into "inggit and makes a "inggit deposit or p!r%$ases "inggit assets a#ter + eptember +223, t$en t$e +5 mont$ period /o!ld start #rom t$e date t$e "inggit deposit is made or t$e "inggit asset is p!r%$ased: (!ring t$is one year period, t$e non-resident is allo/ed to %$ange t$e type or #orm o# "inggit asset $e %$ooses to invest in:

Su1$'ss'on of appl'cat'on for$s All appli%ations #or ex%$ange %ontrol approval s$o!ld be addressed to: &'rector Exchange Control &epart$ent /an3 Negara 0alays'a >alan &ato= Onn 7?6:? <uala Lu$pur 0ALA-S;A Telep$one nos: (=) -1 5233-@@ extensions A171, A7-=, AA12, A7-3 (ire%t lines: (=) -1 52+-AA5, 52+-32@, 523@+7@, 523A1-7, 523A1-@ Fa%simile nos: (=) -1 521AA15, 52+522-, 5211A2+, 521=2+2
In#ormation %ompiled B extra%ts

EXCHANGE CONTROL RULES 5 LA/UAN ;NTERNAT;ONAL O((SHORE (;NANC;AL CENTRE

:TH OCTO/ER @@:

Definition of resident

Definition of nonresident (a) Non- Malaysian citizen; or (b) Malaysian citizen with PR status abroad and resides abroad; or (c) oreign e!bassies" high co!!issions" supranationals" central ban#s; or (d) Business entities established abroad

Definition of External Account $ Ringgit account with a financial institution in Malaysia which is !aintained by a nonresident or where the beneficial owner of the Ringgit funds is a nonresident

Definition of Ringgit asset in Malaysia (a) $ny for! of ban# deposits (b) %and & building (c) Malaysian securities (whether listed or unlisted)

(a) Malaysian citizen; or (b) Malaysian citizen with PR status of another country but resides in Malaysia; or (c) Non- Malaysian citizen with PR status in Malaysia and resides in Malaysia; or (d) Business enterprises / societies established / operating in Malaysia

E6*0AN-E *ONTRO4 R74E2 : 4A)7AN +O,* Needs Not A##roval Allo ed

Allo ed A! O((SHORE CO04AN;ESA(ORE;GN O((SHORE CO04AN;ES

+: 0pen #oreign %!rren%y a%%o!nts in Malaysia or overseas 5: 0pen External A%%o!nts in Malaysia to:de#ray stat!tory and administrative expenses grant loans to sta## pay #or goods and servi%es in Malaysia pla%e #ixed deposits /it$ %ommer%ial banks in Malaysia invest in "inggit assets in Malaysia 1: External A%%o!nts may be #!nded #rom:sale o# #oreign %!rren%y %redit #a%ilities !p to "M5--,--- in total #rom banking instit!tions in Malaysia dividends, interest, rental, pro#its, #ees and %ommission repatriation o# "inggit #rom overseas banks @: >onvert #!nds in t$e External A%%o!nt into #oreign %!rren%y arising #rom re%eipt o# dividends, interest, rental, pro#its, #ees and %ommission 7: )orro/ in #oreign %!rren%y or lend in #oreign %!rren%y, /it$ %ommer%ial banks or Tier-+ mer%$ant banks in Malaysia, or any non-resident =: )orro/ in "inggit (ex%ept %redit #a%ilities !p to "M5--,--in total #rom banking instit!tions in Malaysia) A: 9end in "inggit 3: 4ndertake any #oreign ex%$ange transa%tions in t/o #oreign %!rren%ies /it$ an a!t$oriCed dealer or a Tier-+ mer%$ant bank or any non-resident 2: All transa%tions /it$ pe%i#ied Dersons or "estri%ted >!rren%ies (Israel, erbia and Montenegro)

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/! O((SHORE ;NSURANCE ENT;T;ES +: 0pen #oreign %!rren%y a%%o!nts in Malaysia or overseas *

5: 0pen External A%%o!nts in Malaysia to:de#ray stat!tory and administrative expenses grant loans to sta## pay #or goods and servi%es in Malaysia pla%e #ixed deposits /it$ %ommer%ial banks in Malaysia pay ins!ran%e premi!ms and %laims #or re-ins!ran%e o# Malaysian risks and dire%t ins!ran%e o# permitted Malaysian risks invest in "inggit assets in Malaysia 1: External A%%o!nts may be #!nded #rom:sale o# #oreign %!rren%y %redit #a%ilities !p to "M5--,--- in total #rom banking instit!tions in Malaysia dividends, interest, rental, pro#its, #ees and %ommission re%eipt o# ins!ran%e premi!ms and %laims #or reins!ran%e o# Malaysian risks and dire%t ins!ran%e o# permitted Malaysian risks repatriation o# "inggit #rom overseas banks @: >onvert #!nds in t$e External A%%o!nt into #oreign %!rren%y arising #rom re%eipt o# dividends, interest, rental, pro#its, #ees and %ommission 7: )orro/ in #oreign %!rren%y or lend in #oreign %!rren%y, /it$ %ommer%ial banks or Tier-+ mer%$ant banks in Malaysia, or any non-resident =: )orro/ in "inggit (ex%ept %redit #a%ilities !p to "M5--,--in total #rom banking instit!tions in Malaysia) A: 9end in "inggit 3: 4ndertake any #oreign ex%$ange transa%tions in t/o #oreign %!rren%ies /it$ an a!t$oriCed dealer or a Tier-+ mer%$ant bank or any non-resident 2: All transa%tions /it$ pe%i#ied Dersons or "estri%ted >!rren%ies (Israel, erbia and Montenegro) * * * * * * *

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C! O((SHORE /AN<S +: 0pen #oreign %!rren%y a%%o!nts in Malaysia or overseas 5: 0pen External A%%o!nts in Malaysia to:de#ray stat!tory and administrative expenses grant loans to sta## pay #or goods and servi%es in Malaysia pla%e #ixed deposits /it$ %ommer%ial banks in Malaysia invest in "inggit assets in Malaysia 1: External A%%o!nts may be #!nded #rom:sale o# #oreign %!rren%y %redit #a%ilities !p to "M5--,--- in total #rom banking instit!tions in Malaysia dividends, interest, rental, pro#its, #ees and %ommission @: >onvert #!nds in t$e External A%%o!nt into #oreign %!rren%y arising #rom re%eipt o# dividends, interest, rental, pro#its, #ees and %ommission 7: Trade in "inggit instr!ments =: )orro/ in #oreign %!rren%y or lend in #oreign %!rren%y, /it$ %ommer%ial banks or Tier-+ mer%$ant banks in Malaysia, or any non-resident A: )orro/ in "inggit (ex%ept %redit #a%ilities !p to "M5--,--in total #rom banking instit!tions in Malaysia) 3: 9end in "inggit 2: Iss!e g!arantees in "inggit +-: Iss!e g!arantees in #oreign %!rren%y ++: "e%eive payment !nder g!arantees in "inggit +5: "e%eive payment #or g!arantee #ees in "inggit * * * * * * * * *

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+1: "e%eive payment #or g!arantees in #oreign %!rren%y (#ees and %laims) +@: A%%ept "inggit deposits #rom residents or non-residents +7: 4ndertake any #oreign ex%$ange transa%tions, in%l!ding remittan%es, #or/ard and spot p!r%$ases and sales /it$ or on be$al# o# residents (ot$er t$an an a!t$oriCed dealer or a Tier+ mer%$ant bank) +=: 4ndertake any #oreign ex%$ange transa%tions in t/o #oreign %!rren%ies /it$ an a!t$oriCed dealer or a Tier-+ mer%$ant bank or any non-resident +A: All transa%tions /it$ pe%i#ied Dersons or "estri%ted >!rren%ies (Israel, erbia and Montenegro) ,7RT0ER *4AR+,+*AT+ON

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All appli%ations #or ex%$ange %ontrol approval s$o!ld be addressed to: &'rector Exchange Control &epart$ent /an3 Negara 0alays'a >alan &ato= Onn 7?6:? <uala Lu$pur Telep$one : (=) -1 - 52+=7@7, 5253A1=, 52+@35A, 52+=27+ Fa%simile : (=) -1 - 521AA15, 52+522-, 5211A2+, 521=2+2