Office: +60384081680 | Advisory: +60108242527 (whatsapp)
Most investors ask for the best investment sector or global business sector in Malaysia with the best facilities, where we mostly suggest the ICT sector. We will discuss the existing information and policies regarding the ICT sector, authorities, and other sides. Also, how can we assist you in this whole process of invest in Malaysia ICT business for easy visa and free tax facility 2022.
Let's get some background first on our terms of discussion:
What is the eligibility to get MSC status?
Companies must have activities from the list below
Benefits of MSC Status Company for Foreign Investors in Malaysia
With technology and tech-based investments as a new profitable investments, it is clear that FDI (foreign direct investment) into Malaysia will increase. MSC is an important investment attraction strategy that is contributing to Malaysia's economic growth, foreign investment inflow, job creation, and infrastructure development. Foreign investment in ICT sector increased to RM30.2bil in the first nine months of 2021 from RM14.6bil in 2020. MSC Status Companies are getting many benefits, rights, and privileges.
Below benefits are granted by the Malaysian Government under the 10 Bills of Guarantee ("BOG") as follows:
Living and visa status
Also, it's very easy to get expatriate status through companies registered with MDEC or has MSC status. Foreign investors can get living or residential visas with their families to live in Malaysia and persuade their business and also recruit foreign technocrats as per their business requirements, which is much easier than in other sectors.
With MSC Status, companies can enjoy a pioneer status ("PS"). This refers to filling tax-free on taxable statutory income or corporate tax. Such incentives are for ten years and MSC Malaysia Status approved activities only. Another benefit that attracts foreign investors is the investment tax allowance that was given to MSC Status companies. These facilities are for 100% deduction on capital qualifying expenditure that includes hardware & software, purchase or renovation of office or building, and greenery or landscape expense in Cyberjaya.
From the very beginning of MSC in 1996, Malaysia has gained a total investment of more than RM384 billion and revenue of RM588 billion and has created 184,030 high-skilled jobs through this program. Malaysia has also grown into a global digital economic power and rank in the Top 3 in the Global Service Locations Index by Kearney since 2004. Malaysian government making MSC more powerful and foreign investment-friendly day by day, that's why the ICT sector has become a powerful and profitable sector to invest in for foreign investors.
Malaysia's small businesses are getting more successful because of the relatively strong use of digital technologies. Selling online is becoming increasingly important for Malaysia's small businesses. 63.9 percent earned more than ten percent of their revenue from online sales in 2020, up from 47.5 percent in 2019. So there is a vast opportunity for tech or ICT companies in Malaysia. We welcome companies, ICT experts, businessmen, and investors in Malaysia for better investment security and profit.
We are assisting our clients and investors to incorporate companies, application process to get MSC registration, getting the status and process required documents, set up offices, getting additional licenses, reach the market for listed sectors approved my MDeC and MSC status, resourcing technical hands, audit, accounting and taxation planning, expatriate visa application assistance with MDEC, An a to z legal and professional business consultancy. With an investment budget of RM 100,000 to RM 150,000 we can assist you in setup your ICT business in Malaysia.
Our company registration consultancy package includes:
Our advisory lines:
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Call, Email or text us & take an appointment from the website to visit our office in Malaysia.
LIM & ANI ASSOCIATES SDN BHD
Call: +603-84081680 (office landline)
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