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