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Q：
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What is Malaysia Digital Status?
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A：
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Malaysia Digital Economy Corporation (“MDEC”) grants Malaysia Digital (“MD”) status to qualifying companies, allowing them to enjoy a number of incentives and support that promotes their business growth in line with MDEC’s goal of driving the country’s digital economy.
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Q：
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Who is eligible to apply for MD status?
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A：
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To be eligible for MD status, a company must be incorporated under the Companies Act 2016, resident in Malaysia, and plan or currently engaging in one or more of the MD activities.
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Q：
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What are the MD activities?
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A：
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The MD activities must address opportunity or challenge by leveraging any of the following promoted tech enabler(s):
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Artificial intelligence (AI) and/or big data analytics (BDA);
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Internet of things (IOT);
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Cybersecurity;
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Cloud;
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Blockchain;
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Drone technology;
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Creative media technology including extended reality (XR) and/or mixed reality (MR);
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Integrated circuit (IC) design with embedded software;
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Robotics and/or automation; and/or
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Advanced network connectivity and/or telecommunication technology.
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Q：
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What are the benefits of the MD status?
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A：
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The company with MD status will enjoy the offerings under the MD Bill of Guarantees (“BoGs”), including:
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Tax incentives (income tax exemption or investment tax allowance);
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Multimedia/ICT equipment import duty and sales tax exemptions;
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Employment of foreign knowledge worker;
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No requirements for local ownership;
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Flexibility to source capital & funds globally; and
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Ready infrastructure available for business available at MD Cybercities/Cybercentres.
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Q：
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What are the conditions that need to be complied after obtaining the MD status?
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A：
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Following the award, a company that has been granted MD status has 12 months to meet the following requirements:
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Initiate operations and carry out MD activities.
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Employ 2 or more full-time knowledge employees with a minimum monthly salary of RM5,000 for the MD activities.
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Incurred at least RM50,000 annual operating expenditure for the approved activities.
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Maintain a paid-up capital of RM1,000.
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FAQ
