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Q：
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What is Malaysia Digital (“MD”) Status?
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A：
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MD Status is a certification awarded by Malaysia Digital Economy Corporation (“MDEC”) to companies or organisations that meet specific criteria for digital transformation, innovation, and technological advancement.
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Who is eligible for MD Status?
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A：
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Companies that propose to or actively contribute to the digital economy, such as those involved in e-commerce, fintech, cloud computing, and other technology-driven services, are eligible to apply for MD Status. Applicants must demonstrate significant involvement in digital transformation and innovation, and the companies must be established under Companies Act 2016.
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Q：
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What are the benefits of obtaining MD Status?
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A：
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Companies with MD Status can enjoy various benefits, including tax incentives, financial assistance for digital projects, priority access to government programs supporting digital transformation, and enhanced credibility in the market. Additionally, MD Status companies are eligible to apply for employment passes to hire foreign knowledge workers, facilitating access to global talent.
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Is there a validity period for MD Status?
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Yes, the MD Status is periodically reviewed. Companies must demonstrate ongoing compliance with digital economy standards and submit accurate, complete information annually, verified by an independent external auditor. Any variations from the approval letter granted by MDEC require committee approval. Non-compliance may result in the revocation of MD Status, with the withdrawal of incentives and benefits, and the revocation date determined by the committee.
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What are the conditions for maintaining MD Status?
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A：
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A company awarded MD Status must fulfill the following requirements within 12 months of receiving the award:
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Begin operations and engage in MD approved activities within Malaysia.
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Hire a minimum of 2 full-time employees (knowledge workers) with an average monthly base salary of at least RM5,000 for MD approved activities.
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Allocate at least RM50,000 annually on operating expenses related to MD approved activities.
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Maintain a minimum paid-up capital of RM1,000.
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