2023-11-21Introduction to Malaysia Digital Status
(1) |
Incorporated under the Companies Act 2016 and resident in Malaysia; and |
(2) |
Proposing to carry out or is currently carrying out one or more of the MD activities. |
(1) |
Big data analytics (BDA); |
(2) |
Artificial intelligence (AI); |
(3) |
Financial technology (Fintech); |
(4) |
Internet of things (IoT); |
(5) |
Cybersecurity (technology/software/design and support); |
(6) |
Data centre and cloud; |
(7) |
Blockchain; |
(8) |
Creative media technology; |
(9) |
Sharing economy platform; |
(10) |
User interface and user experience (UI/UX); |
(11) |
Integrated circuit (IC) design and embedded software; |
(12) |
3D printing (technology/software/design and support); |
(13) |
Robotics (technology/software/design); |
(14) |
Autonomous technologies; |
(15) |
Systems/network architecture design and support; |
(16) |
Global business services or knowledge process outsourcing; |
(17) |
Virtual, augmented and/or extended reality; |
(18) |
Drone technology; |
(19) |
Advance telecommunication technology; or |
(20) |
Other emerging technologies deemed significant for the digital ecosystem subject to approval by the Approval Committee. |
(1) |
Commence operation and undertake MD approved activities in Malaysia; |
(2) |
Employ at least 2 full-time employees (comprising knowledge workers) with minimum average monthly base salary of RM5,000 for MD approved activities; |
(3) |
Incur an annual operating expenditure of at least RM50,000 for MD approved activities; and |
(4) |
Has a minimum paid-up capital of RM1,000. |
(1) |
Foreign knowledge worker quota and passes; |
(2) |
Tax incentives (income tax exemption or investment tax allowance); |
(3) |
Multimedia/ICT equipment import duty and sales tax exemption; |
(4) |
Competitive and ready infrastructure for business available at MD Cybercities/Cybercentres; |
(5) |
Freedom of ownership by exempting from local ownership requirements; |
(6) |
Flexibility to source capital and funds globally; and/or |
(7) |
MDEC as the one-stop agency for MD Status companies. |
The benefits under the MD BoGs are subject to separate approvals being obtained (if required), applicable eligibility criteria and conditions, as well as applicable laws and regulations. MD Status companies are also eligible to access facilitation of other benefits such as: |
|
(1) |
Access to local and international market and ecosystem; |
(2) |
Business matching and partnership; |
(3) |
Grant and funding facilitation; and/or |
(4) |
Participation in MD catalytic programmes; |