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 MM2H / REP / Talentcorp, Full CKD Cars

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kalipok
post Feb 16 2015, 08:21 PM

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is epf statement or pay slip a must to be submitted to obtain approval from mof?
SUSY.J.S
post Feb 17 2015, 12:40 AM

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Hello guys,

This is what I understand from the Talentcorp programme :

Work at least 3 years overseas

Then can qualify to bring whatever car he/she been using during the time?

But is there a requirement for how long is the ownership of the car overseas?

And how the programme make sure the applicant won't ciao after come back?
jwrx
post Feb 17 2015, 09:46 AM

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QUOTE(Y.J.S @ Feb 17 2015, 12:40 AM)
Hello guys,

This is what I understand from the Talentcorp programme :

Work at least 3 years overseas

Then can qualify to bring whatever car he/she been using during the time?

But is there a requirement for how long is the ownership of the car overseas?

And how the programme make sure the applicant won't ciao after come back?
*
According to the talentcorp site its minimum 3 years continuous employment AND cumulative another X years(4 -12) based on your education qualifications
chizzu
post Feb 17 2015, 10:04 AM

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QUOTE(kalipok @ Feb 16 2015, 08:21 PM)
is epf statement or pay slip a must to be submitted to obtain approval from mof?
*
i dont remember submitting those to MOF through SPMC system. the mof only wants to see the letters from REP and document related to the car (chasis number, engine number, sales invoice, etc)

The payslip and EPF is usually for loan processing purpose.

QUOTE(Y.J.S @ Feb 17 2015, 12:40 AM)
Hello guys,

This is what I understand from the Talentcorp programme :

Work at least 3 years overseas

Then can qualify to bring whatever car he/she been using during the time?

But is there a requirement for how long is the ownership of the car overseas?

And how the programme make sure the applicant won't ciao after come back?
*
user posted image

you can only buy 2 CKD cars (old REP programme before 2014) or 1 CKD / CBU car in Malaysia (new programme effective last year)

you can now bring back one CBU vehicle and the details can be found at REP website FAQ section

The general criteria is as below:
user posted image

For other details requirements based on your education level (unless you are in healthcare industry), see below:
user posted image

This post has been edited by chizzu: Feb 17 2015, 10:08 AM
kalipok
post Feb 17 2015, 06:54 PM

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happy lunar new year and gong xi fa chai.

SUSY.J.S
post Feb 18 2015, 01:34 PM

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QUOTE(chizzu @ Feb 17 2015, 10:04 AM)
i dont remember submitting those to MOF through SPMC system. the mof only wants to see the letters from REP and document related to the car (chasis number, engine number, sales invoice, etc)

The payslip and EPF is usually for loan processing purpose.
user posted image

you can only buy 2 CKD cars (old REP programme before 2014) or 1 CKD / CBU car in Malaysia (new programme effective last year)

you can now bring back one CBU vehicle and the details can be found at REP website FAQ section

The general criteria is as below:
user posted image

For other details requirements based on your education level (unless you are in healthcare industry), see below:
user posted image
*
Oh, so PhD shortest time la? Luckily !
chiakaivalya
post Feb 20 2015, 05:01 PM

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PhD takes about 4-5 years, and in Europe it's considered as working for the govt as we are paid our salaries by them! If you are contributing to the NKEA fields, then you should apply even if you're not making RM20k or have the minimum work experience as they told us they consider you on an individual case basis, and if you can show them that you will contribute to the country, then they might approve you. It's free to apply anyway, just a small pain to organize all the paperwork they ask for (they asked me for all the salary statement and contracts in English, but my uni in Geneva was only giving me French documents!).

Re question about how long the car must be owned - it's 9 months if i'm not mistaken. Bad luck for me, by the time I got my act together to apply, it was April and they JUST changed the bloody rules AGAIN. In 2011 I was already planning to buy a car in Europe, but then they changed the rules to only 2 CKDs. Now 1 CBU or 1 CKD, but CBU already too late to buy, so left with 1 CKD sad.gif

I was considering the Volvo V40 CC, it's an impressive car, but parents advised not to go for that because of resale value (I'm hoping to hold on to 1 car for 8 years at least, I guess it will be worth nothing by the time I sell). So now I'm considering the Mini Cooper Countryman as it's my dream car wub.gif and I won't get a discount ever again! For reference of others googling about REP/MM2H prices, Auto Bavaria quoted me RM168,676.91 for the Mini Cooper S Countryman LCI (2015 facelift model, normally RM243,888). Non-turbo Mini Cooper Countryman is RM149,096.44 (normally RM149,096.44). These are the only CKD units by MINI...

Happy Chinese New Year everyone!
chizzu
post Feb 21 2015, 01:53 PM

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QUOTE(chiakaivalya @ Feb 20 2015, 05:01 PM)
PhD takes about 4-5 years, and in Europe it's considered as working for the govt as we are paid our salaries by them! If you are contributing to the NKEA fields, then you should apply even if you're not making RM20k or have the minimum work experience as they told us they consider you on an individual case basis, and if you can show them that you will contribute to the country, then they might approve you. It's free to apply anyway, just a small pain to organize all the paperwork they ask for (they asked me for all the salary statement and contracts in English, but my uni in Geneva was only giving me French documents!).

Re question about how long the car must be owned - it's 9 months if i'm not mistaken. Bad luck for me, by the time I got my act together to apply, it was April and they JUST changed the bloody rules AGAIN. In 2011 I was already planning to buy a car in Europe, but then they changed the rules to only 2 CKDs. Now 1 CBU or 1 CKD, but CBU already too late to buy, so left with 1 CKD sad.gif

I was considering the Volvo V40 CC, it's an impressive car, but parents advised not to go for that because of resale value (I'm hoping to hold on to 1 car for 8 years at least, I guess it will be worth nothing by the time I sell). So now I'm considering the Mini Cooper Countryman as it's my dream car  wub.gif  and I won't get a discount ever again! For reference of others googling about REP/MM2H prices, Auto Bavaria quoted me RM168,676.91 for the Mini Cooper S Countryman LCI (2015 facelift model, normally RM243,888). Non-turbo Mini Cooper Countryman is RM149,096.44 (normally RM149,096.44). These are the only CKD units by MINI...

Happy Chinese New Year everyone!
*
I believe you still can buy other CBU cars in Malaysia. No?
chuakz
post Feb 21 2015, 02:48 PM

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QUOTE(chiakaivalya @ Feb 20 2015, 05:01 PM)
PhD takes about 4-5 years, and in Europe it's considered as working for the govt as we are paid our salaries by them! If you are contributing to the NKEA fields, then you should apply even if you're not making RM20k or have the minimum work experience as they told us they consider you on an individual case basis, and if you can show them that you will contribute to the country, then they might approve you. It's free to apply anyway, just a small pain to organize all the paperwork they ask for (they asked me for all the salary statement and contracts in English, but my uni in Geneva was only giving me French documents!).

Re question about how long the car must be owned - it's 9 months if i'm not mistaken. Bad luck for me, by the time I got my act together to apply, it was April and they JUST changed the bloody rules AGAIN. In 2011 I was already planning to buy a car in Europe, but then they changed the rules to only 2 CKDs. Now 1 CBU or 1 CKD, but CBU already too late to buy, so left with 1 CKD sad.gif

I was considering the Volvo V40 CC, it's an impressive car, but parents advised not to go for that because of resale value (I'm hoping to hold on to 1 car for 8 years at least, I guess it will be worth nothing by the time I sell). So now I'm considering the Mini Cooper Countryman as it's my dream car  wub.gif  and I won't get a discount ever again! For reference of others googling about REP/MM2H prices, Auto Bavaria quoted me RM168,676.91 for the Mini Cooper S Countryman LCI (2015 facelift model, normally RM243,888). Non-turbo Mini Cooper Countryman is RM149,096.44 (normally RM149,096.44). These are the only CKD units by MINI...

Happy Chinese New Year everyone!
*
u can buy one CBU car in malaysia under the new rules no? It doesn't mean that u need to buy it in europe and ship it back...
kalipok
post Feb 26 2015, 11:14 PM

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when downpayment is made? before or after the approval from mof?
chizzu
post Feb 27 2015, 09:51 AM

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QUOTE(kalipok @ Feb 26 2015, 11:14 PM)
when downpayment is made? before or after the approval from mof?
*
i think it should be after. i only did my loan processing after i got MOF approval.

perhaps to speed things up the sales agent want to do it before?

For both my cars, i only paid the booking fee before i get mof approval. the rest is done once i got the approval.


kalipok
post Feb 27 2015, 01:18 PM

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QUOTE(chizzu @ Feb 27 2015, 09:51 AM)
i think it should be after. i only did my loan processing after i got MOF approval.

perhaps to speed things up the sales agent want to do it before?

For both my cars, i only paid the booking fee before i get mof approval. the rest is done once i got the approval.
*
i believe that should be the way but the SA asked me to pay the downpayment before getting the approval (booking fee paid), saying due to GST will be applicable soon. not sure how true but i am very reluctant.
chizzu
post Feb 27 2015, 02:18 PM

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QUOTE(kalipok @ Feb 27 2015, 01:18 PM)
i believe that should be the way but the SA asked me to pay the downpayment before getting the approval (booking fee paid), saying due to GST will be applicable soon. not sure how true but i am very reluctant.
*
what car are you getting?

do they have the chasis and engine number already?

if yes its going to be quick. if no, then its going to take a while and you might subject to GST depending on what time you got your approval.


kalipok
post Feb 27 2015, 04:13 PM

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QUOTE(chizzu @ Feb 27 2015, 02:18 PM)
what car are you getting?

do they have the chasis and engine number already?

if yes its going to be quick. if no, then its going to take a while and you might subject to GST depending on what time you got your approval.
*
according to the SA, they are ready. back to the concept and principle, why payment is required before mof approval?
chizzu
post Feb 27 2015, 06:41 PM

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QUOTE(kalipok @ Feb 27 2015, 04:13 PM)
according to the SA, they are ready. back to the concept and principle, why payment is required before mof approval?
*
If they got chassis and engine no then it should be matter of a wee or 2 after submission.

Care to share what car you are getting and how long is he waiting time?
kalipok
post Feb 27 2015, 08:15 PM

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QUOTE(chizzu @ Feb 27 2015, 06:41 PM)
If they got chassis and engine no then it should be matter of a wee or 2 after submission. 

Care to share what car you are getting and how long is he waiting time?
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sure. i will share the A to Z process after the whole transaction completed. thanks for your info again.
chizzu
post Feb 27 2015, 09:20 PM

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QUOTE(kalipok @ Feb 27 2015, 08:15 PM)
sure. i will share the A to Z process after the whole transaction completed. thanks for your info again.
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i went through the process myself for both cars. you can check the result from MOF if you have the SMPC login. it should take about 2 weeks after your submit.
kalipok
post Feb 27 2015, 09:27 PM

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QUOTE(chizzu @ Feb 27 2015, 09:20 PM)
i went through the process myself for both cars. you can check the result from MOF if you have the SMPC login. it should take about 2 weeks after your submit.
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i do not have that as all of them being taken care by the SA
chizzu
post Feb 27 2015, 10:16 PM

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QUOTE(kalipok @ Feb 27 2015, 09:27 PM)
i do not have that as all of them being taken care by the SA
*
get it from your SA.

It actually contains your personal details.

i find it very unsecure that we allow SA to use our personal information so freely hence i request to do it myself.

Who knows they can use it as an identity theft. lol
Lalata77
post Mar 11 2015, 10:56 AM

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Hi. Wonder if any of you have update from MOF with regards to the upcoming GST on CKD car for MM2H or REP holders? Thx.

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