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Incentives for the MSC Malaysia

Incentives for the MSC Malaysia

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MSC Malaysia is Malaysia’s national ICT initiative designed to attract world-class technology companies while grooming the local ICT industry. Fully supported by the Malaysian Government, MSC Malaysia has led the nation’s transformation towards a K-Economy over the past decade and a half.
MSC Malaysia is your gateway to the ICT industry in Malaysia and the region. Let's look at some Incentives for the MSC Malaysia
Main Incentives for MSC status Companies Malaysia
i. Pioneer Status with income tax exemption of 100% of the statutory income for a period of 10 years or Investment Tax Allowance of 100% on the qualifying capital expenditure incurred within a period of five years to be offset against 100% of statutory income for each year of assessment.
ii. Eligibility for R&D grants (for majority Malaysian-owned MSC Malaysia Status companies)

Other Benefits from the Incentive of Malaysia
• Duty-free import of multimedia equipment
• Intellectual property protection and a comprehensive framework of cyberlaws
• No censorship of the Internet
• World-class physical and IT infrastructure
• Globally competitive telecommunication tariffs and services
• Consultancy and assistance by the Multimedia Development Corporation to companies within the MSC Malaysia
• High quality, planned urban development
• Excellent R&D facilities
• Green and protected environment
• Import duty, excise duty and sales tax exemption on machinery, equipment and materials.

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