MSC (IT) License
MSC (National ICT Initiative) License
MSC Malaysia is Malaysia’s national ICT initiative designed to attract world-class technology companies while grooming the local ICT industry. Fully supported by the Malaysian Government, MSC Malaysia has led the nation’s transformation towards a K-Economy over the past decade and a half. MSC Malaysia is your gateway to the ICT industry in Malaysia and the region.
Definition of MSC Malaysia Status
MSC Malaysia status is recognition by the Government of Malaysia through the Multimedia Development Corporation (MDeC), for ICT and ICT-facilitated businesses that develop or use multimedia technologies to produce and enhance their products and services.It is also a mark of world-class service and achievement and your passport and gateway to a host of privileges granted by the Government of Malaysia to the business entities.MSC Malaysia status is awarded to 3 types of business entities, each with a set of different application criteria and guidelines. The qualifying business entities are:-1. Private limited companies (i.e. Sendirian Berhad)2. Institutions of Higher Learning3. Incubators
Why MSC License:
MSC Malaysia has revolutionized the ICT industry in Malaysia and helped contribute to the country’s economy. By doing so, MSC Malaysia has successfully bridged the digital gap between the nation and its capability to conduct businesses worldwide.
Here are some of the reasons why you should think about MSC Malaysia Status.
|Allowing unrestricted employment of local and foreign knowledge workers||Affording the freedom to source capital globally for MSC infrastructure, and the right to borrow funds globally|
|Providing competitive financial incentives, including Pioneer Status (100% tax exemption) for up to 10 years of the Investment Tax Allowance for 5 years and no duties on the importation of multimedia equipment||Ensuring freedom of ownership by exempting companies with MSC|