The professionals from PatentAgentip would like to help you in getting the Malaysia Pioneer Status. As of 2020, you are entitled to apply for Malaysian Pioneer Status which will give you special Tax Incentives and Investment Tax Allowance in a promoted activity (either manufacturing or services) or producing a promoted product and has not started any production at the time of application.
Manufacturing - conditions
i) Malaysian ownership of at least 60%
ii) Malaysian-owned companies that are already in production not more than one year from the date of application received.
iii) Participating in a promoted activity or producing a promoted product
iv) The type of tax incentives and criteria such as Value added (VA), Managerial, Technical and Supervisory (MTS), R&D Expenditure and Science and Technology (S&T) indexes will remain at the prevailing rates.
New Manufacturing Project
Expansion and/or Diversification Project by a Licensed Manufacturer or by an Existing Non-Licensed Manufacturer
High Technology/Strategic Project for New Manufacturing Activities
High Technology/Strategic Project for Expansion and/or Diversification
Integrated Agricultural Project
Expansion and/or Diversification of an Existing Integrated Agricultural Project
Commercialisation of Public Sector R&D Findings in ResourceBased Industry
Small Scale Manufacturing Company
Expansion and/or Diversification of a Small Scale Manufacturing Company