Export And Import Of Freshwater Aquaculture Companies in Malaysia

The export and import of freshwater aquaculture companies in Malaysia are regulated by the Malaysian Fisheries Act 1985 and the Malaysian Fisheries Regulations 1999. Under the Act, all exports of fish and fish products must be carried out by licensed companies. The licensing process is administered by the Malaysian Fisheries Department.

In order to obtain a license, companies must submit an application to the Department which must include the company’s business plan, financial statements and a list of the proposed products to be exported. The application must also be accompanied by a non-refundable fee of RM500.

Once the application is approved, the company will be issued with a license which is valid for a period of one year. The license may be renewed annually upon payment of the renewal fee of RM250.

The company must also comply with the conditions of the license which include, amongst others, the requirement to maintain proper accounting and financial records, to submit quarterly reports to the Department and to obtain prior approval from the Department before exporting any fish or fish products.

The export of fish and fish products is also subject to the requirements of the Customs Act 1967 and the Customs Regulations 1975. Under the Act, all exports must be declared to the Customs Department and the relevant export duties