Malaysian business licence·State
Repossessor Agent Permit (EPS)
Issued by Kementerian Perdagangan Dalam Negeri dan Kos Sara HidupHire Purchase Act 1967 (Amendment 2010); Hire Purchase Regulations (Permit Application and Repossession Procedures) 2011
Overview
The Repossessor Agent Permit (EPS) allows an individual to conduct the repossession of goods under the Hire Purchase Act 1967. This licence is necessary for those looking to operate as repossession agents in Malaysia.
Key details
Governing Act
Hire Purchase Act 1967 (Amendment 2010); Hire Purchase Regulations (Permit Application and Repossession Procedures) 2011
Agency fees
RM 10 processing + RM 20 renewal every 2 years
Validity
2 years (renewable)
Issuing authority
Kementerian Perdagangan Dalam Negeri dan Kos Sara Hidup
Fees shown are government / local-authority fees payable to the issuing agency. Emerhub charges a separate service fee for handling the application end-to-end.
Eligible applicants
Individuals
Application requirements
- Applicant must be at least twenty-one (21) years old
- Applicant must be a Malaysian citizen
- Any other requirements as determined by the Controller
Agency fee breakdown
New permit: RM10 per year
Renewal permit: RM20 / 2 years
Replacement permit: RM20 / copy
These are amounts payable to Kementerian Perdagangan Dalam Negeri dan Kos Sara Hidup. Emerhub's service fee is quoted separately when you engage us.