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Malaysia is Open for Business - Malaysia Co.
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Malaysia is Open for Business

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Fast Track Approval of Investment Project

All non-sensitive manufacturing projects will be approved Manufacturing License within two (2) working days.

Project Acceleration and Coordination Unit (PACU)

To immediately facilitate speedy implementation of manufacturing projects that are at various stages of implementation

Incentives to Encourage Foreign Manufacturing Companies to Relocate to Malaysia

New Company

i. 0% tax rate for 10 years for new investment in manufacturing sector with capital investment between RM300 – RM500 million

ii. 0% tax rate for 15 years for new investment in manufacturing sector with capital investment above RM500 million

Existing Company

100% Investment Tax Allowance for 5 years for existing company in Malaysia relocating overseas facilities into Malaysia with capital investment above RM300 million

Enhancement of Domestic Investment Strategic Fund (DISF)

Second round of Grant approval to companies previously approved under DISF for new investments in order to assist companies in upgrading their technologies, penetrate the global market through outsourcing, and increase their export value

Spur Establishment of New Businesses

i. Income tax rebate up to RM20,000 per year for 3 years of assessment for newly established Small and Medium Enterprises (SME) between 1st July 2020 to 31st December 2021

ii. Stamp duty exemption for SMEs on instruments executed for Mergers and Acquisitions (M&As) for period between 1st July 2020 to 30th June 2021

Additional Reinvestment Allowance

Additional Reinvestment Allowance (RA) of 60% for existing companies engaged in manufacturing and selected agricultural activities that continue to reinvest for purposes of expansion, automation, modernisation and diversification in years of assessments 2020 to 2022, whose RA and Special RA incentives period has expired

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