Can Employment Pass Holders Buy Property in Malaysia
shared by paulhypepagemy on Feb 14
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The Employment Pass in Malaysia grants eligible foreign workers in approved business roles the ability to work and live in the country for up to 5 years on a bonded employment contract. Generally, the...
pass is applied for in cooperation with your Malaysian employer, hence a valid working contract and proof of employment is needed. Upon issuance, the pass will only be valid for the company under which you have applied. Changing companies will require you to reapply for a new pass so this means that you will not be able to be under any employment until you acquire the new pass.
As Malaysia is continuously on its track of economy transformation, the country provides a better place of investment for foreigners. This transformation has drawn in more expats to consider investing in Malaysian properties.
Whether you are an expatriate or foreigner living in Malaysia with a valid employment pass, buying properties here is possible. The differences between a local and foreign buyer lie in the amount that an expatriate needs to have in their savings as well as the purchase price of the property. There is no limit on the number of properties a foreigner can purchase, and aside from certain rules and regulations, the whole buying process for a foreigner is the same as a local buyer.
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https://www....-malaysia/Category
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