The Malaysian Investment Development Authority („MIDA“) is the federal authority responsible for promoting the manufacturing and service sector in Malaysia. Any application for a manufacturing licence under the Industrial Co-Ordination Act 1975 must be submitted prior to the grant of such a licence by MITI for evaluation to MIDA. Another key role of MIDA is the implementation of tax incentives and tariff exemptions for raw materials, components, machinery and plant. Total exemption from stamp duty on the deed of transfer in respect of the purchase of the first residential property with a value not exceeding RM500,000 by a Malaysian citizen under the National Housing Department`s Rent-to-Own (RTO) programme. The exemption is granted in two stages, i.e. from the real estate developer (PD) to a qualified financial institution (FI) and from the FI to the Malaysian citizen. The exemption is subject to the execution of the following agreements between 1 January 2020 and 31 December 2022, i.e. the sales contract between fi and FI and the RTO agreement between FI and the Malaysian citizen. As a general rule, a foreign company may impose the guarantees granted to it in accordance with the usual procedures in Malaysia. However, there are restrictions that would apply if certain encumbered assets were to be purchased by foreign companies. If a loan is a foreign currency loan, the stamp duty payable on the loan agreement is currently RM 5.00 for each RM 1,000.00 or part of it, but the total tax payable cannot exceed RM 500.00. 4.2 Are there any restrictions on foreign investors or creditors in the event of enforcement of the project and related enterprises? 16.1 Has any request been made for political protection of risks, such as direct agreements with the central government or political risk guarantees? A resident business is free to open and maintain a foreign currency account with a regulated access bank or non-resident financial institution.

According to the PDA, PETRONAS is the sole owner of all oil and gas resources in Malaysia. A foreign company may only explore, develop and produce such oil and gas resources held by PETRONAS through production sharing contracts or risky services with PETRONAS. Up to 300,000 (transfer instrument and loan agreement) (Note 1) The role, rights and obligations of the agent or security guard can be documented by a security contract or a security fiduciary instrument. The application of implementation revenues is usually based on a cascade agreed in advance. As noted above, under the Stamp Act 1949, no instrument subject to stamp tax (which would include financial documents) may be admitted into evidence in the Malaysian courts or act by an official unless such instrument has been properly stamped. . . .