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MSC Malaysia Bill of Guarantees

The grant of MSC Malaysia Status entitles qualified entities to a set of incentives, rights and privileges from the Government of Malaysia ("Government"), namely the MSC Malaysia Bill of Guarantees ("BoGs"). The BoGs reflects the Government's intention to provide an environment in MSC Malaysia that is conducive to the development of MSC Malaysia Status entities.

The incentives, rights and privileges granted pursuant to the BoGs are subject to requirements under relevant laws and regulations.

In addition, entitlement to the BoGs are conditional upon compliance of MSC Malaysia Status entities, with such terms and conditions as may be imposed by the Government and/or the Multimedia Development Corporation ("MDeC"), as the organisation mandated by the Government to coordinate, promote and develop the Information and Communications Technology ("ICT") industry and selected services in MSC Malaysia and Malaysia.

While the Government will reasonably exercise all authority and power towards providing the relevant incentives, rights and privileges under the BoGs, the actual provision will be dependent upon a range of factors and parties (both public and private), and can be affected by circumstances that are not within the control of the Government.

The BoGs are as follows:

  • BoG 1: To provide a world-class physical and information infrastructure.
  • BoG 2: To allow unrestricted employment of local and foreign knowledge workers.
  • BoG 3: To ensure freedom of ownership by exempting companies with MSC Malaysia Status from local ownership requirements.
  • BoG 4: To give the freedom to source capital globally for MSC Malaysia infrastructure, and the right to borrow funds globally.
  • BoG 5: To provide competitive financial incentives, including Pioneer Status (100 percent tax exemption) for up to ten years or an Investment Tax Allowance for up to five years and no duties on the importation of multimedia equipment.
  • BoG 6: To become a regional leader in Intellectual Property Protection and Cyberlaws.
  • BoG 7: To ensure no censorship of the Internet.
  • BoG 8: To provide globally competitive telecommunications tariffs.
  • BoG 9: To tender key MSC Malaysia infrastructure contracts to leading companies willing to use MSC Malaysia as their regional hub.
  • BoG 10: To provide a high-powered implementation agency to act as an effective one-stop super shop.

This document reflects the Government's interpretation in respect of the BoGs, and may be subject to change.