Monday, April 2, 2007

Escape The Island


1. Earn as much money as possible in Singapore.

2. Spend as little as possible in Singapore.

3. Send all money overseas where investment returns are higher.

4. Retire overseas (for lower costs-of-living).




FIC Regulations for Foreigners Buying Property In Malaysia

Any foreigner buying property in Malaysia is required to get approval from FIC (Foreign Investment Committee) and State Authority. Foreigners can only purchase properties valued more than RM150,000 but there is no limit to how many units a foreigner may buy. Foreigner on-selling to another foreigner requires FIC approval. If selling to a Malaysian, but FIC needs to be notified.

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