MSC Status has been acquired
Information
The Multimedia Super Corridor (MSC) is the Malaysian government providing a place for creating, distributing and using multimedia products and services as a base for IT development in Asia.
Companies that have been certified by the Malaysian government through the Multimedia Development Corporation (MDeC) and obtained status of MSC status can receive a series of incentives.
In January 2017, we acquired MSC status. With this Malaysian government's support as a foothold, we will secure excellent talent both inside and outside of Malaysia, and will further strengthen RCMS services and promote global expansion.
Companies that have been certified by the Malaysian government through the Multimedia Development Corporation (MDeC) and obtained status of MSC status can receive a series of incentives.
- Pioneer status is granted and tax relief measures are available for 100% of statutory income over 10 years. Alternatively, 100% of ITA is allowed for qualified capital expenditure incurred within 5 years, and the company can offset 100% of statutory income for each payment year with this deduction.
- 100% ownership possession of foreign capitals
- Employment of foreign intellectual laborers as required (approved by workplace and work visa)
- Exemption of import tariffs on multimedia related equipment
- R & D grants accepted For MSC companies whose Malaysian capital occupies majority
In January 2017, we acquired MSC status. With this Malaysian government's support as a foothold, we will secure excellent talent both inside and outside of Malaysia, and will further strengthen RCMS services and promote global expansion.