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Disadvantages of giving up Malaysian citizenship

7524 Views  ⚫  Asked 5 Years Ago
asked on Mar 1, 2013 at 12:30
by   Notorious
edited on Oct 18, 2016 at 06:32
 
I've been a migrant in Australia for an extended period of time and am seriously considering giving up my Malaysian citizenship. But I have a few questions about it.

1. How will this affect any inheritance or property that I have in my name back in Malaysia. I've heard of scare stories that not having a citizenship there means the government will forfeit any inheritance I may be entitled to or being taxed something ridiculous like 50% on property sold/transferred out of the country.

2. Will it cause me any problems if I need to send money home to support my parents?

I appreciate all answers. My heart is dead set on giving up my citizenship. But depending on how much trouble it is going to cost me I will delay it till I can liquidise all my assets and move it to my home country before giving it up.
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