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Property in Malaysia after renounce citizenship

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asked on Jul 21, 2010 at 20:01
by   leyu
edited on Dec 19, 2016 at 09:04
 
What will happen to properties I owned, for example house and estate, in Malaysia after I renounce my Malaysian citizenship? Can I still maintain or own the property as it is now, or do I need to update my foreign citizenship on those properties titles, or do I need to transfer them to another Malaysian name? Please help!
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answered on Jul 24, 2010 at 21:46
by   lucky78
edited Dec 19, 2016 at 09:05
 
@leyu

Did you get an answer back to your question? Please share any information on property ownership after renouncing citizenship.

Thanks in advance.
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answered on Jul 26, 2010 at 20:55
by   leyu
edited Dec 19, 2016 at 09:10
 
I have asked 3 lawyers, all three lawyers gave me different advice.

1st lawyer- nothing need to be none until you really want to sell it. His comment is you are still the owner of the property because you owned it before you change your citizenship. Even you renounce your citizenship, there still have record in their system.

2nd lawyer- do a SD (statutory declaration) for your Malaysia ID and foreign ID.

3rd lawyer- make a FA&Trust to the person you trust, he is able to represent you in selling the property in the future without go through you anymore. According to the lawyer, the fee is cheaper compare with the fee you transfer it.
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answered on Jul 27, 2010 at 11:52
by   LoyerBrook
The Second Lawyer's Advice is more sensible, but he forgot one VERY IMPORTANT THING:

Your THUMBS and FINGER PRINTS will Never Changed, and are the Sure Proof of your Identity without question, please get those printed on your Statutory Declaration Documents.
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answered on Aug 1, 2010 at 19:18
by   lucky78
edited Dec 19, 2016 at 09:13
 
I had the same reply from a lawyer - not to take any action now. I still have doubt since making an agreement to rent out would be a problem without proper identification.
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answered on Jan 10, 2011 at 17:03
by   steven
edited Dec 19, 2016 at 09:14
 
I still don't know what to do with my property in Malaysia after I renounce my citizenship. Please help!
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answered on Feb 28, 2011 at 23:23
by   Phil
edited Dec 19, 2016 at 09:15
 
I've also tried to get the right answer but failed, have tried all sort of forums etc, obviously Malaysia is too 'boleh' to the extent that their bar/law can be nothing and/or can't be anything.
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answered on Apr 18, 2011 at 21:21
by   msiaboleh
edited Dec 19, 2016 at 09:16
 
Can anyone advise what is the best solution about the owned property after renouncing a Malaysian citizenship?
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answered on Nov 20, 2011 at 09:13
by   gekko
edited Dec 19, 2016 at 09:17
 
I'm a lawyer and to me it looks like an absolute non-issue. Whether you are Malaysian citizen or a foreigner has no effect on the way you dispose of your property. So, you do strictly nothing, nuts, nada. Clear!
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answered on Dec 27, 2013 at 22:09
by   Oscar
edited Dec 19, 2016 at 09:21
 
Thanks gekko.. I too asked 2 lawyers who also gave me 2 different advices..

One of them mentioned if my Malaysia property's Title mentioning only Malaysian can own the property means upon renouncing of Malaysia citizenship, one will not be able to own the property anymore. Secondly, there will be a tax imposed upon renouncing Malaysian citizenship on each of your properties.

Another lawyer just mentioned no action required.

I am really confuse as I owe quite a few of Malaysian properties..

Can I know is what the 1st lawyer mentioned correct? Thanks!
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answered on Feb 23, 2017 at 05:04
by   jlow2
edited Feb 26, 2017 at 07:27
 
I am not a lawyer but I've renounced my Malaysian citizenship and am keeping my house back in Malaysia. I don't see any issue. I have a form with Putrajaya stamp showing my identity with my birth certificate number, my old Malaysian IC number and my new country's ID number, and my thumbprints. So I'm biting the bullet and keeping the house instead of scrambling around like so many ex Malaysians transferring away their properties. Logically, as long as my property isn't a Bumi/Malay reserved or foreign owner restricted on the title, I can't believe it's a major issue (just as what @gekko said above).
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