What is Malaysia Digital Status

MSC Malaysia is now rebranded to Malaysia Digital Status (MD). This new enhanced initiative serves to accelerate the sustainable growth of Malaysia’s digital economy and create substantial digital economic spill-over through equitable access to digital tools, knowledge, and income opportunities. Malaysia Digital will drive digital transformation of focus areas that present high growth potential, opportunities and importance.

Eligibility criteria

1. A company incorporated under the Companies Act 2016 and resident in Malaysia;
2. Proposing to carry out or is currently carrying out one or more of the MD activities as listed in the table (MD activities)

Conditions of MD Status

Bill of Guarantees (BoGs)

Under the Malaysia Digital BoGs, MD Status companies are eligible to access or apply for, amongst others:

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.

Other Benefits

Malaysia Digital Status companies are also eligible to access the 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

Sustainable Development Goals

Malaysia Digital Status companies are highly encouraged to align operations to the Government’s carbon neutral and environmental, social and governance (ESG) goals https://www.epu.gov.my/en/sustainable-development-goals