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What is an External Account?

An external account is a Malaysian Ringgit account opened with any financial institution in Malaysia by a:

 

a) Non-Resident: -

i. individually;

ii. jointly with another Non-Resident; or

iii. jointly with a Resident, excluding: -

  • for a joint venture in Malaysia
  • a husband and wife; or

 

b) by a person who operates the account in trust for or on behalf of a Non-Resident.

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