Cars to Malaysia?

Question posted by Dom Machala, on behalf of Milo Exports in GU16

Hi, ive been looking at exporting cars to such countries like malaysia as ive noticed that the car prices over there are double then those in the UK . I know theres alot of taxes,duties and regulations, and therefore putting a huge cost on these vehicles. However i know of someone who has become very successful from doing so, just intrigued to know how he has got around the barriers?

Could someone please help me by posting what kind of laws,regulations and problems i would come across if i was to sell a car over to someone in Malaysia

Many Thanks
Dom

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Keith Hodgson, on behalf of PLK International in Thailand & UK.

Hi Dom,

I have looked into this business for a Thai client and, whilst it's completely possible to import new & used cars to Malaysia (subject to certain conditions) you might find it easier to link up with a "parallel car Importer" (sometimes called a "grey importer" ie not a manufacturer or official agent) so they take care of all the formalities and import taxes etc. I have a list of some of these - let me know if you want it.

Best of luck,

Keith

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Matthew Smith, on behalf of UK Trade & Investment Malaysia in Malaysia.

Dom,

Just to expand on what Keith has said. Cars are very expensive in Malaysia due to high taxes and duties. The import of used cars is also restricted. In order to import used cars an Approved Permit (AP) is required - these are only issued to 'bumiputra' (native Malay) companies, and are not even freely available to them.

As Keith has said, what you need to do is identify AP holders whio are interested to work with you. As importer, they will handle the application for the AP which is issued by the trade Ministry.

I see that Keith has offered to provide you a list which I can also do to help get you started. UK Trade and Investment may also be able to provide further assistance to you through our services, some of which are chargeable.

Good luck and best regards

Matthew Smith

UKTI Kuala Lumpur

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Dom Machala, on behalf of Milo Exports in GU16.

Thank you both for the great responses, I have managed to message Keith for further details, but Matthew it will not allow me to message you! Could you please possibly message me on dom.machala@yahoo.com

Many thanks
Dom

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Dear Dom

At the moment there is a scam going around about cars being sold to Malaysia
'Malaysian National Car Price Scam' http://hygen.net. so please do not get ripped off.
I would suggest that you go to your local Chamber of Commerce and ask so that they can put you in contact with various organisations and people who do this, or telephone 0207 919 0263 and ask for the Economic Affairs Department for Malaysia as this is the Embassy and the Chamber of Commerce. http://www.bmcc.org.my/c/o British High Commission Malaysia.

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Dom Machala, on behalf of Milo Exports in GU16.

Dear Rosa,

Thank you, i am very grateful that you have provided me with this information, and will be doing some intense research!

The links provided will be great help!

Regards
Dom

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Ryan Beck, on behalf of BF Projects Limited in BT3.

Hi

My name is Ryan from BF Projects in Belfast, I would be happy to help with any Export rates that you may need? We work closely with ALL Major shipping lines and can get the best rates in the Market today. You can contact me on the below

02890 371144

Ryan@bfprojects.co.uk

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Bryony Porcas, on behalf of Flo-FX in E1.

Hi Dom,

My name is Bryony and I work for a company called Flo-FX. We are able to beat corporate bank rates on foreign currency exchange. Due to the fact we are a trading name of Ebury Partners (whose turnover last year was in the region of £1bn), we have virtually no overheads and so can substantially undercut banks and competitors. We carry out all the necessary KYC checks in line with FCA regulations and maintain a fervent desire to ensure all our clients receive the fastest, most efficient service possible.

Please send me an email on b.porcas@flo-fx.com or visit our website at www.flo-fx.com for more information.

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