Tuesday, 7 April 2015

Malaysia issues principal hub incentive guidelines

The Malaysian Ministry of International Trade and Industry on April 6 issued guidelines on incentives for multinational corporations (MNCs) seeking to establish or expand their presence in ASEAN or the Asia Pacific region through a Malaysian Principal Hub.  The incentives are structured in 3 tiers based on various criteria including minimum annual sales, employment, annual business spending and other qualifying activities.

MNCs interested in applying for the Malaysian Principal Hub incentive must submit an application to the Malaysian Investment Development Authority. Incentives are valid for five years upon approval and may be extended for a period of five years thereafter.

Source & more info: PwC