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Strategically located at the heart of Southeast Asia, along the world's busiest shipping lanes. Export-driven economy spurred on by high technology, knowledge-based and capital-intensive industries.
Exports US$234 billion |
Imports US$190 billion |
1. Mainland China 2. Singapore 3. United States 4. EU 5. Hong Kong SAR |
1. Mainland China 2. Singapore 3. United States 4. Japan 5. EU |
Note: Based on 2020 data
5 Economic Corridors
1 Free Zone (China-Malaysia bilateral industrial park)
For high-value tech manufacturers Pioneer Status (PS)
Income tax exemption of 70-100% on statutory income for five years.
Investment Tax Allowance (ITA)
Allowance of 60-100% on qualifying capital expenditure used for approved project incurred within 5-10 years.
Pharmaceuticals manufacturers in high tech products
Income tax rate of 0-10% for the first 10 years; income tax rate of 10% for the subsequent 10 years.
Principal Hub
New Company
Existing Company
MSC Malaysia Status
National Economic Recovery Plan
New company in manufacturing sector with fixed assets of:
World Economic Outlook (October 2021); World Bank; UNESCO Institute of Statistics; International Labour Organization: Global Wage Report 2020–21: Wages and minimum wages in the time of COVID-19; Asian Development Bank; Malaysian Investment Development Authority (MIDA); Inland Revenue Board of Malaysia; Malaysia Digital Economy Corporation
This fact sheet is given on a general basis without obligation and is strictly for information only. Nothing in this fact sheet constitutes accounting, legal, regulatory, tax or other advice. This fact sheet is not intended as an offer, recommendation, solicitation, or advice to purchase or sell any investment product, securities or instruments. Although reasonable care has been taken to ensure the accuracy and objectivity of the information contained in this fact sheet, UOB and its employees make no representation or warranty, whether express or implied, as to its accuracy, completeness and objectivity and accept no responsibility or liability for any error, inaccuracy, omission or any consequence or any loss or damage howsoever suffered by any person arising from any reliance on the information in this fact sheet.
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