by Robert Carry
Malaysia´s natural beauty, rapidly improving infrastructure and the absence of any restrictions on foreign ownership mean the country is fast catching up on its regional competitors, a top international property specialist has claimed.“There are no restrictions on foreign ownership, in fact foreigners are automatically granted residency in the country upon completing their purchase,” said a spokesperson for David Stanley Redfern. “Many of the laws are left over from the British colonial era, which is reassuring for people because they can easily understand the laws governing their purchase, it also means the buying process is easier than in other Asian countries. There is no inheritance or gift tax, and capital gains tax was recently abolished.”The Malaysian government has been taking steps to encourage foreign investment, and overseas investors have begun to take note. The country´s political stability has also led to a range of multinational companies to open up offices in Malaysia.David Stanley Redfern Ltd is a UK-based overseas property investment specialist. The group boasts a range of international properties in 40 different destinations worldwide
Malaysia´s natural beauty, rapidly improving infrastructure and the absence of any restrictions on foreign ownership mean the country is fast catching up on its regional competitors, a top international property specialist has claimed.“There are no restrictions on foreign ownership, in fact foreigners are automatically granted residency in the country upon completing their purchase,” said a spokesperson for David Stanley Redfern. “Many of the laws are left over from the British colonial era, which is reassuring for people because they can easily understand the laws governing their purchase, it also means the buying process is easier than in other Asian countries. There is no inheritance or gift tax, and capital gains tax was recently abolished.”The Malaysian government has been taking steps to encourage foreign investment, and overseas investors have begun to take note. The country´s political stability has also led to a range of multinational companies to open up offices in Malaysia.David Stanley Redfern Ltd is a UK-based overseas property investment specialist. The group boasts a range of international properties in 40 different destinations worldwide
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