Wholesale And Retail Of Used Motor Vehicles Companies in Malaysia

Wholesale and retail of used motor vehicles companies in Malaysia are required to obtain a license from the Malaysian Ministry of International Trade and Industry (MITI) in order to operate. These companies are also required to be registered with the Malaysian Registrar of Companies (ROC).

The wholesale and retail of used motor vehicles companies in Malaysia are required to maintain a minimum paid-up capital of RM2 million. In addition, these companies are required to have a minimum of five years’ experience in the automotive industry and must employ at least 50 staff.

The wholesale and retail of used motor vehicles companies in Malaysia are subject to the Malaysian Goods and Services Tax (GST).