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New Reporting Threshold For Investment Abroad And Offshore Loan
(Superseded by the announcement on the launch of BNM-DOSM Joint Survey on International Investment Position dated 17 March 2008)
As part of Malaysia's continuous effort to increase efficiency and reduce cost of doing business, the foreign exchange administration reporting requirement has been relaxed with effect from 1 January 2007.
Residents with investment abroad (including lending to non-resident) and offshore loan of less than MYR50 million equivalent in aggregate respectively are no longer required to submit any quarterly report on External Assets and Liabilities.
Only residents with:
- investment abroad (including lending to non-resident) exceeding MYR50 million equivalent in aggregate are required to submit Form 2 or Form 3 of the Quarterly Report on External Assets and Liabilities; and
- offshore loan exceeding MYR50 million equivalent in aggregate are required to submit Form 5 of the Quarterly Report on External Assets and Liabilities.
Bank Negara Malaysia
16 January 2007
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