MSC Malaysia Status - Post Approval
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| MSC Malaysia Status - Post Approval |
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- Relocation
Company is required to locate the implementation and operation of the MSC Qualifying Activities in a MSC Malaysia designated Cybercenter/Cybercities, within six (6) months from the Approval letter date
To comply with the relocation requirement company is to ensure the following:
- Submission of Tenancy Agreement to MDeC
- Operationalise MSC Malaysia Status approved activities at designated Cybercenter/Cybercities
Failure to conduct the MSC Qualifying
Activities in the MSC Designated locations would be deemed as non-compliance To locate MSC Malaysia Status Cybercenter/Cybercities please click here.
- Pioneer Status/Investment Tax Allowance Incentive
Pioneer Status (PS)
Refers to 100% tax free on taxable statutory income (corporate tax) which is Governed PIA 1986 under Section 6 (1AB) & 14c. The incentive is for period up to ten years and for MSC Malaysia Status Approved activities only.
Investment Tax Allowance (ITA)
Refers to 100% deduction on capital qualifying expenditure which is Governed PIA 1986 under Section 27A. The capital qualifying expenditure includes :-
- hardware & software
- purchase / renovation of office/building
- greenery/landascaping expenses in Cyberjaya
The investment must be made within five years of Operations from the date of MSC Malaysia Status approval and must be offset against Taxable Income. Any excess ITA can be carried forward beyond 5 years.
Activation of Incentive *Click on each stage to view additional information
- Activation Stage
- Company to submit the pink/white form form to be attached with required documents. To view document checklist click here
 - Assessment Stage
- Review and assessment of activation form by Processing Officer
 - Submission to MIDA
- Complete application to be submitted to MIDA by MDeC for approval
 - Issuance of Pioneer Status/ ITA Certificate
Renewal of Incentive *Click on each stage to view additional information
- Notification Stage
- Wizard to notify Status Company via email on expiry of the PS, 6 months ahead
- Client to use the same user ID and password to log in to Wizard or to request new password via Wizard
 - Assign BA
- Email notification will be send to client on the BA details
 - Submission RA Form/ Financial Plan
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- Company to complete sections in RA Form/FP
- Within 4 weeks period
- technical and financial review by Business Analyst
 - Formal Application
- Company to submit the following documents :
- 5 years financial audited reports
- Copy of tenancy agreement of MSC Office
- Processing fees of RM2,000 payable to Multimedia Development Corporation Sdn Bhd
- MDeC Compliance will conduct site visit to the MSC Office
 - Presentation to Approval Committee
- Duty Free Importation
Refer to import duty and sales tax exemption applications from MSC Malaysia Status companies and this incentives is a part of the MSC Malaysia Bill of Guarantees. This criteria for application for import duty and sales tax exemption are as follows:-
- All equipment imported are 'IT/Multimedia' equipment,
- Equipment imported are not available locally (i.e No local manufacturer of the equipment),
- Equipment are not for trading,
- Equipment are to be 'Directly used' for the MSC Malaysia Approved activities) complies with the Relocation requirement as stated under the 'Conditions of Grant' of MSC Malaysia Status.
For full guidelines of the services please click here or visits http://www.expats.com.my
- Foreign Knowledge Workers
Refer to application services of employment passes for Foreign Knowledge Workers for MSC Malaysia Status Companies For full guidelines please click here or visits http://www.expats.com.my
- Change of Name/Equity
- Company to notify MDeC on change of equity/name via http://wizard.msc.com.my/wizard/
- Document to be submitted to MDeC include certified true copy ROC forms - Form 13 and/or 32A
- MDeC will present the case before the Approval Comittee within seven (7) days of receiving completed documents
- MDeC will convey the Approval Committees' acknowledgement to the MSC companies within two (2) working days after the Approval Committee Meeting.
- FAQs
Q : When and how will you be sending us the notifications of renewal of Pioneer Status?
A : The notification of renewal will be send 6 months before the expiry date via email notification.
Q : What are the documents that will need to be submitted for the Pionees Status renewal?
A :
- 5 years financial audited reports
- Copy of tenancy agreement of MSC Office
- Processing fees of RM2,000 payable to Multimedia Development Corporation Sdn Bhd
Q : Do we need to pay any processing fee for Pioneer Status renewal?
A : Yes, a non-refundable processing fee of RM2,000 payable to Multimedia Development Corporation Sdn Bhd
Q : How do I register my change of name/equity?
A : Company is to register the change of name/equity via Wizard at http://wizard.msc.com.my/wizard/
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