What Is It

The Malaysia Digital (MD) Status is a high-value status for digital and technology companies in Malaysia, offering tax incentives, foreign talent employment passes, and regulatory flexibilities.

Who Is Eligible

Companies must be incorporated under the Companies Act 2016 and operate in digital technology activities such as AI, cybersecurity, big data, IoT, cloud computing, e-commerce, and blockchain. A business plan demonstrating local economic impact, including jobs and R&D expenditure, is required.

Required Documents

  • Incorporation papers: Company registration documents.
  • Business plan: A comprehensive plan outlining the company's goals, objectives, and local economic impact.
  • Financial forecasts: Projected income and expenditure statements.
  • Proposed tech activities: Details of the company's proposed digital technology activities.

    • Step-by-Step Procedure

    1. Apply online: Submit an application via the MDEC Malaysia Digital portal. 2. Submit required documents: Provide incorporation papers, business plan, financial forecasts, and details of proposed tech activities. 3. Evaluation and approval: MDEC evaluates the application and presents it to the MD Committee for approval (takes 1-3 months).

    Cost & Processing Time

    The processing time takes 1-3 months. There is no mention of a specific application fee.

    Where to Apply

    Applications can be made online via the MDEC Malaysia Digital portal.

    Important Notes

    The Malaysia Digital (MD) Status offers benefits including income tax exemption or investment tax allowance (up to 10 years), duty-free imports of multimedia equipment, ease of hiring foreign tech workers (Employment Passes), and participation in MDEC digital programs.