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EPUs Guidelines For Acquisition
EPUs Guidelines For Acquisition
ACQUISITION OF PROPERTIES
(Effective 1 March 2014)
CONTENTS
I. INTRODUCTION........................................................................... 1
II. APPLICATIONS.............................................................................. 1
Equity Condition
V. EXEMPTIONS............................................................................... 3
VI. RESTRICTIONS............................................................................ 3
IX. APPEAL......................................................................................... 3
XII. REPEAL.......................................................................................... 4
XIII. DEFINITIONS.................................................................................. 5
APPENDIX I EXEMPTIONS......................................................................... 8
I. INTRODUCTION
II. APPLICATIONS
2.1 All property acquisitions, except for residential units, that require
approval of the Economic Planning Unit, Prime Ministers Department
as follows:
2.2 All property acquisitions by foreign interest that do not require the
approval of the Economic Planning Unit, Prime Ministers Department
but fall under the purview of the relevant Ministries and/or Government
Departments as follows:
and
Equity Condition
3.2 Local company owned by local interest to have at least RM100,000 paid-
up capital; and
4. Acquisition of property provided for in paragraphs 2.2 (a), (b) and (c) are also
subject to the condition that the said property must be registered under a locally
incorporated company.
5. For direct acquisition of property, the equity and paid-up capital conditions
imposed by the Economic Planning Unit, Prime Ministers Department must be
complied with before the transfer of the propertys ownership.
6. For indirect acquisition of property, the equity and paid-up capital conditions
imposed by the Economic Planning Unit, Prime Ministers Department must be
complied with within one (1) year after the issuance of written approval.
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Economic Planning Unit, Prime Ministers Department
8. Compliance of the equity and paid-up capital conditions must be notified to the
Economic Planning Unit, Prime Ministers Department.
V. EXEMPTIONS
VI. RESTRICTIONS
10.2 Residential units under the category of low and low-medium cost as
determined by the State Authority;
11. All applications must be submitted in accordance with the procedures described
in Appendix II.
12. Applicants are responsible for the accuracy of the information submitted.
13. Decisions on all complete applications will be given within ten (10) working
days.
IX. APPEAL
15. All appeals pertaining to the decision of the Economic Planning Unit, Prime
Ministers Department will be considered based on the merit of each case.
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Economic Planning Unit, Prime Ministers Department
16. All applications that require the approval of the Economic Planning Unit, Prime
Ministers Department must be submitted to:
17. Enquiries can be forwarded to the Economic Planning Unit, Prime Ministers
Department at:
18. This Guideline and the application forms are also available on the Economic
Planning Unit, Prime Ministers Departments website:
Website : http://www.epu.gov.my
XlI. REPEAL
20. With the issuance of this Guideline, the Guideline on the Acquisition of
Properties dated 1 January 2011, is repealed.
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Economic Planning Unit, Prime Ministers Department
XIII. DEFINITIONS
Bumiputera means:
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Economic Planning Unit, Prime Ministers Department
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Economic Planning Unit, Prime Ministers Department
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Economic Planning Unit, Prime Ministers Department
APPENDIX I
EXEMPTIONS
1. The transactions listed below are exempted from requiring the approval of the
Economic Planning Unit, Prime Ministers Department:
1.1 Any acquisition of residential unit under the Malaysia My Second Home
Programme;
1.10 Acquisition of properties by companies that have been granted the status
of International Procurement Centers, Operational Headquarters,
Representative Offices, Regional Offices, Labuan entities and Bio-Nexus
or other special status by the Ministry of Finance, Ministry of International
Trade and Industry and other ministries
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Economic Planning Unit, Prime Ministers Department
They are allowed to purchase only one residential unit valued at minimum
RM250,000 (except in Kuala Lumpur, Johor Bahru and Penang) and the matter
is under State Authorities jurisdiction.
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Economic Planning Unit, Prime Ministers Department
APPENDIX II
1.5 One (1) copy of the letter/license from the ministries or Government
agencies (if applicable);
1.6 One (1) copy of the approval letter on the same proposal from other
ministries or Government agencies (if applicable);
1.7 One (1) copy of the confirmation letter from the Company Secretary on
the companys current equity structure;
1.8 One (1) copy of the latest valuation report (transaction that involves
Government agencies must be accompanied with a valuation report from
Jabatan Penilaian dan Perkhidmatan Harta);
1.9 One (1) copy of the companys current audited financial report;
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