MSC Malaysia Bill of Guarantees

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Introduction

The grant of MSC Malaysia Status entitles qualified entities1 to a set of incentives, rights and privileges from the Government of Malaysia (Government), namely the MSC Malaysia Bill of Guarantees (BoGs). The BoGs reflects the Government's intention to provide an environment in MSC Malaysia that is conducive to the development of MSC Malaysia Status entities.
The Incentives, rights and privileges granted pursuant to the BoGs are subject to requirements under relevant laws and regulations.


While the Government will reasonably exercise all authority and power towards providing the relevant incentives, rights and privileges under the BoGs, the actual provision will be dependent upon a range of factors and parties (both public and private), and can be affected by circumstances that are not within the control of the Government.

MSC Malaysia Status entitles qualified entities1 enjoy different type of benefits from BoGs as shown in the different links and Table 1 below:

 

Table 1: Multi-tiered Incentives

MSC Bill of Guarantees (BoG)TIER 1
Companies
TIER 2
Companies
TIER 3
Companies
MSC4StartupsIncubatorsIHL
Located in Designated Premises within MSC Malaysia Cybercities / Cybercentres*Located in Commercial Premises within MSC Malaysia Cybercities / Cybercentres *Located outside of MSC Malaysia Cybercities / CybercentresLocated outside of MSC Malaysia Cybercities / CybercentresLocated Anywhere in MalaysiaLocated Anywhere in Malaysia
1. To provide a world-class physical and information infrastructure world-class physical and information infrastructureXXXXX
2. To allow employment of local and foreign knowledge workers.May employ foreign knowledge workers up to a maximum of 20 foreign knowledge workers at any time.May employ foreign knowledge workers up to a maximum of 20 foreign knowledge workers at any time.
3. To ensure freedom of ownership by exempting companies with MSC Malaysia Status from local ownership requirements.X
4. To give the freedom to source capital globally for MSC Malaysia infrastructure, and the right to borrow funds globally.X
5. To provide competitive financial incentives namely Pioneer Status (100 percent tax exemption) for up to ten years or an Investment Tax Allowance for up to five years and no duties on the importation of multimedia equipment.Income tax exemption of 70 percent under Section 127(3)(b) of Income Tax Act 1967 for a period of five years and no duties on the importation of multimedia equipment.Income tax exemption of 70 percent under Section 127(3)(b) of Income Tax Act 1967 for a period of five years and no duties on the importation of multimedia equipment.
6. To become a regional leader in Intellectual Property Protection and Cyberlaws.
7. To ensure no censorship of the Internet.
8. To provide globally competitive telecommunications tariffs.XXXXX
9. To tender key MSC Malaysia infrastructure contracts to leading companies willing to use MSC Malaysia as their regional hub.X
10. To provide a high-powered implementation agency to act as an effective one-stop super shop.

*The full list of MSC Malaysia Cybercities, Cybercentres and Designated Premises is available in the MSC Malaysia website at the link below:
http://www.mscmalaysia.my/locations_cyber

For further information, please contact the Multimedia Development Corporation Sdn Bhd (“MDeC”) at:

MDEC Client Contact Center (CliC)
E-mail: clic@mdec.com.my
Toll free no.: 1-800-88-8338 (within Malaysia)
Tel : +6 03 8315 3000 (outside Malaysia)
Fax: +603 8315 3115
SMS: Type MDEC ASK (your email address)(your inquiries), send to 15888

MSC Malaysia Status entities include companies, incubators and institutions of higher learning.

 

 

Malaysia Digital Economy Corporation

The Malaysia Digital Economy Corporation (formerly known as Multimedia Development Corporation) a unique organization established to direct and oversee MSC Malaysia, the national ICT development initiative, by advising the Malaysian Government on legislation and policies, developing industry-specific practices and setting the standards for multimedia and digital operations. MDEC is also responsible for promoting MSC Malaysia locally and globally, whilst providing strategic support to MSC Malaysia Status Companies.

More about the Malaysia Digital Economy Corporation >