Hi guys

I am newbie here, a foreigner from algeria , running car rental in my country for 4 years ago.

I m thinking to setup a car rental in malaysia therefore I ve read some suitable topics in lowyat forum and I saw this topic :
http://wahiabdrashid.com/287/menubuhkan-syarikat-kereta-sewa

I have some questions about it:

1-what does mean : " license of the local authority" and is it enough for running car rental and make contracts legally with customers ?

2-what the difficult parts for getting "license tourism" and how long does it take ?

3-if we have been working full legally (tourism license) with blended cars , Authorized / not Authorized vehicles , the question is if some client made a trouble (drug,kidnapping....) through not Authorized car, does the law protect us ?

kind regards

I can't advise on license issues - but as a foreigner you'll require quite a bit of paid up capital - minimum of RM500k and in most cases RM1 million just to get started. Just so you're aware of this!

Consider competition like UBER or MyTeksi.

yeah , but I think RM500k capital only for foreigners want to stay in malaysia for long term(work permit).

Not necessarily long term - but to get any kind of work permit 500k is the minimum. Many kind of businesses require RM1 million

How are you planning on running the business if you can't work in Malaysia legally?

do u think the competition in rental car is very high ?

with my social visa I can stay there up to 90 days , sure I should to looking for partner or local worker.

car rental biz can survive meh?

in my country iss very profitable , about 2-3 years for turnover

I don't know but the alternatives are attractive enough that most people find it a convenience and a much better option than taking the taxi. Maybe you should do a bit of market research.

Social visa isn't exactly a work permit.

You wouldn't even be able to open or operate a company / bank account, let alone apply for any licenses that you need.

my target is tourists and college students.

that's right , I need a local partner for registring SDN BHD company , I heard some offices can registring compaines with RM1M virtual without cash.

Well I'm sure there's some ways (there always is!) but then you're looking at trusting others with absolutely everything - unless you have trusted partners you know in Malaysia this sounds like a risky idea.

Regarding the actual business - most tourists that come to Malaysia don't rent a car, not like New Zealand or USA for example where driving holidays are very popular. Taxis etc are relatively cheap and many tourists would just rent one with a driver for a day to save hassle involved with renting a car.

Students I can't comment on though

could you advice me for some simple and good business for about RM200K ?

?

If you have experience in car rental business that's what makes sense.

Why do you specifically want to do this in Malaysia? As a foreigner it's a pain in the ass with all the different requirements.

I've registered companies in some European countries, in HK and in Malaysia. Malaysia was by far the longest and most expensive out of them all. I think you need to come up with a proper plan before worrying about details which are irrelevant until you actually have a solid plan in place

your opinion is right , but my problem is my country being in economic crisis cause falling petrol prices , as an algerian I can not do any business in EU area maybe even tourism visa is hard to get , hence I choose malaysia for many reasons , good economic , friendly and muslim people ........
actually I am planning to take a visit next february for looking a good investment there , maybe we will take a real meeting or dinner , am really glad to know you friend.

Falling oil prices lead to economic crisis in Algeria ... and you choose to come to Malaysia ... ? !

Perhaps you know that Malaysia is somewhat more diversified and have other exports. But you do not know that the government's budget was/is overly reliant on oil. Economic crisis is not that far away.

Every 8-10 years there'll be a economic crisis .
So better save up for rainy days .

our budget depends on oil more than 98% , we produce nothing , and u don't forget we r drowning in bad corruption.




our economic crisis always turn to security crisis , maybe you heard about terrorism in algeria in 90s.

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This post has been edited by nexona88: Jan 7 2016, 11:32 PM