Malaysia Hotline: +603- 2141 8908
Import license is a
permit that allows an importer to bring in a specified quantity of certain
goods during a specified period. Import licenses are employed as means of
restricting outflow of foreign currency to improve a country's balance of
payments position and to protect the domestic industry from foreign
competition.
At present as per the
Malaysian import trade policy, most imports can be admitted under an open
general licensing regime. However, specific import licenses are required for
certain controlled items which are intended for import into the country. These
items are explosives and firearms, motor vehicles, plants, certain
pharmaceuticals, tin ore, soil samples and various foodstuffs. A restrictive
import licensing regime is also charged on heavy construction equipment,
electrical household appliances, and iron and steel products. Applications for
import licenses should indicate the identities of the purchaser and supplier
and a general description of the items and market value.
Malaysia has based its
customs tariff regime on the Harmonized Commodity Description and Coding System
of goods clarification. Tariff duties are from 2% to 60%, with an average
tariff level of 15%.Higher duties are imposed on so called "luxury"
items like liquor and cigarettes and items that are deemed to be in direct
competition with locally produced goods.
Any imported beef and
poultry products must be certified "halal". Items prohibited from
being imported include corrosive chemicals and any "indecent or
obscene" materials. Items from the former Yugoslavia and Israel are
prohibited.
Direct selling
companies wanting to operate in Malaysia must comply with certain regulations
set by the Domestic Trade and Consumer Affairs Ministry before a license can be
granted. The company must have at least 70% local ownership and must be locally
incorporated, 80% of the products must consist of local content and any
proposed price increases must be approved by the ministry.
Operating licenses are
granted for one-, two- and three-year terms, and existing regulations stipulate
that paid-up capital, quality assurance standards and marketing plans must be
submitted before any such licenses are granted.
Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my