よくある質問
On April 22, 2009, the Government had further liberalised the services sector to attract more foreign investments and bring more professionals and technology as well as strengthen the competitiveness of the sector. The list of the sub-sectors can be obtained from Invest NS’s website under the title of Liberalisation of the Services Sector
Applications for import duty and/or sales tax exemption need to be submitted online via https://investmalaysia.mida.gov.my
A key post is a post that can be held indefinitely by a foreigner. A term post is a post approved for up to 10 years for executive posts that require professional qualifications and practical experience, and five years for non-executive posts that require technical skills and experience. For these posts, Malaysians must be trained to eventually take over the posts. The number of key posts and time posts allowed depends on the merits of each case.
There are two major tax incentives for the manufacturing and services sectors:
- Pioneer Status (PS) – Income tax exemption of 70% – 100% of statutory income for 5 to 10 years. Unabsorbed capital allowances and accumulated losses incurred during the pioneer period can be carried forward and deducted from the post pioneer status of the company.
- Investment Tax Allowance (ITA) – An allowance of 60% – 100% on qualifying capital expenditure (factory, plant, machinery or other equipment used for the approved project) incurred within 5 to 10 years from the date the first qualifying capital expenditure is incurred.
We offers the following assistance to investors:
- Direct consultation and co-operation with relevant agencies at both the Federal and State levels in matters such as:
- Securing infrastructural facilities, including land, factory sites, electricity and water supplies, telecommunication and others,
- Expediting approvals relating to Building Plans, Certificate of Fitness and Business Licences
- To handhold and assist investors in obtaining all necessary approvals for projects until they are operational
- To extend support to existing companies in planning expansion, diversification and other reinvestment of their projects
- To facilitate visits and site investigations and supply chain infrastructures.
