Gama Corporate Services - Foreign Investment Committee Guidelines (FIC)

Gama Corporate Services advises international entities on the regulatory and practical aspects of investing and transacting business in Malaysia. We provide advice on fiscal and non-fiscal incentives articulated under the FIC Guidelines.

A foreign investor may have to obtain the approval from the FIC for the following:

Specific projects approved by the Government are exempted from the requirement of obtaining FIC's prior approval. Normally, small businesses will not apply for any FIC approval unless there is business with the government departments.

Gama Corporate Services offers advice and up to date information on FIC regulations to educate foreign companies and investors of their obligations and the opportunities that are available in the Malaysian market.

Visit www.epu.gov.my for more details.

any proposed acquisition by foreign interests of any substantial fixed assets in Malaysia

any proposed acquisition of assets or any interests, mergers and take- overs of companies and businesses in Malaysia by any means, which will result in ownership or control passing to foreign interests

any proposed acquisition of 15% or more of the voting power by any one foreign interest or associated group or by foreign interest in the aggregate of 30% or more of the voting power of a Malaysian company and business

control of Malaysian companies and businesses through any form of joint- venture agreement, management agreement and technical assistance or other arrangements

any mergers and take-over of any company and business in Malaysia whether by Malaysian or foreign interests

any other proposed acquisition of assets or interests exceeding RM10 million in value whether by Malaysian or foreign interests (the threshold was revised to RM10 million with effect from 21 May 2003)

any acquisition by Malaysian interests of shares in Malaysian incorporated companies which constitutes more than 50% of the voting power of the company, i.e. where it gains statutory control

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Foreign Investment Committee Guidelines (FIC)