What is the meaning of “Designated Premises”?

“Designated Premises” are premises located within MSC Malaysia Cybercities or Cybercentres and are designated as such by the Malaysian Government. These designated MSC status building or Premises are required to fulfill a set of requirements in order to be assigned as “Designated Premises. A MSC status company with its place of business in “Designated Premises” is entitled to full benefits of the BoG. It is worth to note that not all commercial buildings within a MSC Cybercity or Cybercentre are “Designated Premises”. In fact, usually only a handful of them are “Designated Premises”. For e.g. in Bangsar South City, currently only 9 out of 22 blocks of office buildings are Designated Premises (the number may vary from time to time), while in the Mid Valley City, only The Gardens Tower is a Designated Premises.