Banking Information and Exchange Control in Malaysia

Generally, to open a current account in a local bank in Malaysia, you need an introducer who is an existing account holder with the same bank, or its branches. If the account is under the company’s name, you have to produce your business registration certificate, or memorandum and articles of association together with a resolution regarding the opening of the said current account including conditions and signatories. Although every effort has been made to provide essential information to investors/businessmen in Malaysia, but the scope and spectrum of information and the details pertaining to “Banking Information and Exchange Control in Malaysia”, would best be treated through proper direct link to the respective websites. The Malaysian exchange control rules apply uniformly to transactions with almost all countries.