MSC status company is required to have their business premises in buildings/ offices within MSC Zones. For details of MSC office, call us NOW at (+6)016-2126193 or email: info@mscofficemalaysia.com for more details. You can also CLICK HERE to leave a message and we shall get back to you right away!
WHAT & WHY MSC STATUS?
MSC status company is granted by the Government of Malaysia to information communications technology (ICT) businesses that develop or employ multimedia technology to produce or enhance their services and products.
It is the Malaysian Government's initiative to groom the local technology-based industry and at the same time, to attract world-class technology companies.
Business entities which are eligible to apply for MSC status are -
* incubators
* insitutions of higher learning
* private limited companies
Partnership or sole proprietorship is not a qualified business entity for MSC purpose.
Being awarded a MSC status company is a recognition of the world-class standard of the company. Such a recognition also opens you to a gateway of privileges offered by the Malaysian Government including tax incentives and world-class facilities as below.
1. Bill of Guarantees (BOG)
BOGs are incentives, privileges and facilities provided by the Malaysian Government to entities granted with MSC status.
Such companies are entitled to enjoy up to 10 BOGs provided by the Government, namely -
a) To provide a world-class physical and information infrastructure.
b) To allow unrestricted employment of local and foreign knowledge workers.
c) To ensure freedom of ownership by exempting companies with MSC Malaysia Status from local ownership requirements.
d) To give the freedom to source capital globally for MSC Malaysia infrastructure, and the right to borrow funds globally.
e) To provide competitive financial incentives, including Pioneer Status (100 percent tax exemption) for up to ten years or an Investment Tax Allowance for up to 5 years and no duties on the importation of multimedia equipment.
f) To become a regional leader in Intellectual Property Protection and Cyberlaws.
g) To ensure no censorship of the Internet.
h) To provide globally competitive telecommunications tariffs.
i) To tender key MSC Malaysia infrastructure contracts to leading companies willing to use MSC Malaysia as their regional hub.
j) To provide a high-powered implementation agency to act as an effective one-stop super shop.
2. Infrastructure
There are more than 30 fully operational Cybercities and Cybercentres in Malaysia within which MSC status companies can locate their business premises.
These Cybercities and Cybercentres are audited on a yearly basis to ensure that they are in compliance with the minimum standards and criteria that differentiate them from any other business location, among others, having adopted the latest intelligent cities standards.
MSC Malaysia is also supported by advanced digital telecommunications infrastructure designed to meet the international standards with high capacity, performance guarantee and reliability, competitive telecommunications pricing etc.
3. Cyberlaws
To encourage the development of of ICT industry in Malaysia, the Government is committed to provide a comprehensive regulatory framework on cyberlaws and to protect intellectual property.
Malaysia is also a member of the World Intellectual Property Organization (WIPO), Paris Convention, Berne Convention and signatory to the Agreement on Trade Related Aspects of Intellectual Property Rights (TRIPS).
A brief description of the Malaysian statutory framework for intellectual property protection and cyberlaws is as follows:
* Digital Signature Act 1997
* Communications & Multimedia Act 1998
* Malaysian Communications & Multimedia Commission Act 1998
* Copyright (Amendment) Act 1997
* Telemedicine Act 1997
* Computer Crimes Act 1997
* Electronic Commerce Act 2006
* Electronic Government Activities Act 2007
4. Incentives
MSC status company is qualified for various incentives, which can be divided into financial and non-financial incentives.
a) Financial Incentives
* Pioneer Status -100% exemption from taxable statutory income
* A 100-percent Investment Tax Allowance (ITA)
* Eligibility for research and development grants (for MSC status companies with majority Malaysian ownership)
* Freedom to source capital and borrow funds globally
* Duty-free importation of multimedia equipment (DFI)
b) Non-Financial Incentives
* No censorship of the Internet
* for MSC companies which are located within the MSC cybercentre or cybercities - world-class physical and information technology infrastructure, competitive telecommunication tariffs and services guarantees
* Intellectual property protection and a pioneering and comprehensive framework of cyberlaws
* One-stop effective implementation agency
* High-quality planned urban developments
* Excellent R&D facilities
* Green environment protected by strict zoning if located within MSC Malaysia
5. High Quality Cosmopolitan Living
Malaysia is a fast-developing country with stabile economy and political system that offers high quality modern living at an affordable cost.
6. Educated, Multilingual Population
Malaysia has an established education system emphasizing multi-lingual approach. Most Malaysians are multilingual speaking at least two languages including English making the workforce remain competitive in the market.
7. Competitive Cost, High Value
Malaysia is one of the most cost-effective and easiest places to do business.
The above factors make it attractive for companies to apply for MSC status and be located at premises awarded with MSC facilities.
To find out more on MSC status offices in Malaysia, CLICK HERE.
To contact us, dial (+6)016-2126193 or email: info@mscofficemalaysia.com for more details.
You can also leave us a message and we shall get back to you right away! CLICK HERE to leave a message.