Last updated: November 26, 2025
1. Introduction
Formula 1 Investment (“we,” “our,” or “us”) is committed to protecting your privacy. This Privacy Policy explains how we collect, use, disclose, and safeguard your information when you use our services for vehicle imports, cargo clearing, and agro-product exports.
2. Information We Collect
Personal Information
We collect information you provide directly to us, including:
- Full name, address, and contact details
- National ID or passport information
- Payment and financial information
- Vehicle purchase documents and invoices
- Communication records and correspondence
Business Information
For cargo and export services, we may collect:
- Business registration details
- Tax identification numbers
- Import/export licenses
- Cargo specifications and documentation
3. How We Use Your Information
We use the information we collect to:
- Process and clear your vehicle imports through Namibia, Beira, and Dar es Salaam ports
- Handle cargo clearing and forwarding services
- Coordinate agro-product exports from Malawi
- Submit required documentation to MRA (Malawi Revenue Authority) and customs agencies
- Provide real-time tracking and updates on your shipments
- Process payments and maintain financial records
- Communicate with you about your services
- Comply with legal and regulatory requirements
- Improve our services and customer experience
4. Information Sharing and Disclosure
We may share your information with:
- Government Authorities: MRA, customs departments, and regulatory bodies for clearance processing
- Port Authorities: Walvis Bay, Beira, and Dar es Salaam port officials
- Transport Partners: Licensed carriers for vehicle and cargo delivery
- Financial Institutions: Banks and payment processors for transaction processing
- Insurance Providers: For cargo and vehicle insurance coverage
- Legal Compliance: When required by law or legal processes
5. Data Security
We implement appropriate technical and organizational measures to protect your personal information against unauthorized access, alteration, disclosure, or destruction. However, no method of transmission over the Internet or electronic storage is 100% secure. We use encrypted storage for sensitive documents and secure communication channels for data transfer.
6. Data Retention
We retain your personal information for as long as necessary to fulfill the purposes outlined in this Privacy Policy, comply with legal obligations, resolve disputes, and enforce our agreements. Import/export documentation may be retained for up to 7 years as required by tax and customs regulations.
7. Your Rights
You have the right to:
- Access your personal information
- Correct inaccurate or incomplete data
- Request deletion of your data (subject to legal retention requirements)
- Object to processing of your information
- Request data portability
- Withdraw consent where processing is based on consent
8. International Data Transfers
Due to the international nature of our services spanning Malawi, Namibia, Mozambique, and Tanzania, your information may be transferred to and processed in these countries. We ensure appropriate safeguards are in place for such transfers.
9. Changes to This Privacy Policy
We may update this Privacy Policy from time to time. We will notify you of any changes by posting the new Privacy Policy on this page and updating the “Last updated” date.
10. Contact Us
If you have questions or concerns about this Privacy Policy or our data practices, please contact us:
Formula 1 Investment
Email: privacy@formula1investment.com
Phone: +265882292345
Formula 1 Investment
P.O. Box 30045
City Center
Lilongwe,Capital City