is epf statement or pay slip a must to be submitted to obtain approval from mof?
MM2H / REP / Talentcorp, Full CKD Cars
MM2H / REP / Talentcorp, Full CKD Cars
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Feb 16 2015, 08:21 PM
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Newbie
0 posts Joined: Feb 2015 |
is epf statement or pay slip a must to be submitted to obtain approval from mof?
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Feb 17 2015, 12:40 AM
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Senior Member
1,353 posts Joined: Jan 2014 From: Sunway South Quay |
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? |
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Feb 17 2015, 09:46 AM
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Senior Member
515 posts Joined: Jan 2005 |
QUOTE(Y.J.S @ Feb 17 2015, 12:40 AM) Hello guys, According to the talentcorp site its minimum 3 years continuous employment AND cumulative another X years(4 -12) based on your education qualificationsThis 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? |
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Feb 17 2015, 10:04 AM
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Senior Member
1,357 posts Joined: Jan 2003 From: Londinium, Albion |
QUOTE(kalipok @ Feb 16 2015, 08:21 PM) 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? ![]() 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: ![]() For other details requirements based on your education level (unless you are in healthcare industry), see below: ![]() This post has been edited by chizzu: Feb 17 2015, 10:08 AM |
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Feb 17 2015, 06:54 PM
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Newbie
0 posts Joined: Feb 2015 |
happy lunar new year and gong xi fa chai.
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Feb 18 2015, 01:34 PM
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Senior Member
1,353 posts Joined: Jan 2014 From: Sunway South Quay |
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) Oh, so PhD shortest time la? Luckily !The payslip and EPF is usually for loan processing purpose. ![]() 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: ![]() For other details requirements based on your education level (unless you are in healthcare industry), see below: ![]() |
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Feb 20 2015, 05:01 PM
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Newbie
13 posts Joined: Feb 2015 |
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 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 Happy Chinese New Year everyone! |
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Feb 21 2015, 01:53 PM
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Senior Member
1,357 posts Joined: Jan 2003 From: Londinium, Albion |
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!). I believe you still can buy other CBU cars in Malaysia. No?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 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 Happy Chinese New Year everyone! |
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Feb 21 2015, 02:48 PM
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Senior Member
1,192 posts Joined: Jan 2008 |
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!). 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...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 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 Happy Chinese New Year everyone! |
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Feb 26 2015, 11:14 PM
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Newbie
0 posts Joined: Feb 2015 |
when downpayment is made? before or after the approval from mof?
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Feb 27 2015, 09:51 AM
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Senior Member
1,357 posts Joined: Jan 2003 From: Londinium, Albion |
QUOTE(kalipok @ Feb 26 2015, 11:14 PM) 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. |
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Feb 27 2015, 01:18 PM
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Newbie
0 posts Joined: Feb 2015 |
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. 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.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. |
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Feb 27 2015, 02:18 PM
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Senior Member
1,357 posts Joined: Jan 2003 From: Londinium, Albion |
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. |
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Feb 27 2015, 04:13 PM
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Newbie
0 posts Joined: Feb 2015 |
QUOTE(chizzu @ Feb 27 2015, 02:18 PM) what car are you getting? according to the SA, they are ready. back to the concept and principle, why payment is required before mof approval?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. |
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Feb 27 2015, 06:41 PM
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Senior Member
1,357 posts Joined: Jan 2003 From: Londinium, Albion |
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? |
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Feb 27 2015, 08:15 PM
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Newbie
0 posts Joined: Feb 2015 |
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. sure. i will share the A to Z process after the whole transaction completed. thanks for your info again.Care to share what car you are getting and how long is he waiting time? |
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Feb 27 2015, 09:20 PM
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Senior Member
1,357 posts Joined: Jan 2003 From: Londinium, Albion |
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. 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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Feb 27 2015, 09:27 PM
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Newbie
0 posts Joined: Feb 2015 |
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Feb 27 2015, 10:16 PM
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Senior Member
1,357 posts Joined: Jan 2003 From: Londinium, Albion |
QUOTE(kalipok @ Feb 27 2015, 09:27 PM) 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 |
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Mar 11 2015, 10:56 AM
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Newbie
0 posts Joined: Dec 2010 |
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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