MIDA. INCENTIVES FOR THE OIL PALM BIOMASS INDUSTRY BY SITI AISHAH GHAZALI AGRO-BASED INDUSTRIES DIVISION MALAYSIAN INDUSTRIAL DEVELOPMENT AUTHORITY 3 December 2008. MIDA.
INCENTIVES FOR THE
OIL PALM BIOMASSINDUSTRY
SITI AISHAH GHAZALI
AGRO-BASED INDUSTRIES DIVISION
MALAYSIAN INDUSTRIAL DEVELOPMENT AUTHORITY
3 December 2008
Malaysian Government's principal agency for the promotion and co-ordination of industrial development in Malaysia. It is the first point of contact for investors who intend to set up manufacturing and related services projects in Malaysia.
RESEARCH & PLANNING
Government representatives based in MIDA
A user friendly centre for visitors to obtain comprehensive information on investment, trade, financing and productivity.
with shareholders’ fund of RM2.5 million
and above or engaging 75 or more
full-time employees are required to apply
for a Manufacturing Licence.
All new projects in the manufacturing, including for expansion and diversification will be exempted from both equity and export conditions.
* Full exemption (100%) in the case of approved projects in Sabah, Sarawak, Perlis & the designated Eastern Corridor States of Peninsular Malaysia i.e Kelantan, Terengganu, Pahang & the District of Mersing, Johor.
Expansion, Modernisation, Diversification & Automation Projects in operation for at least 36 months
No. of projects approved : 12 projects
Total Investments : RM 158.7 million
No. of projects approved : 13 projects
Total Investments : RM 211.7 million
Products : Moulded products, plywood, veneer, flooring boards, laminated block boards, pellets and briquette charcoal & fibres
MACHINERY/ EQUIPMENT/SPARE PARTS
(For machinery/equipment produced locally sales tax exemption is applicable)
For Export Market
For Domestic Market
Companies Foreign paid-up : US$ 2 million
Companies Foreign paid-up : US$ 200,000 but less than US$ 2 million
- Automatic approval for up to 5 expatriate posts, including 1 key posts
MANUFACTURING SECTOR - Employment
Companies Foreign paid-up : Less than US$ 200,000
Malaysian owned companies More than 50% Malaysian equity
Key Post :
Can be permanently held by foreigner as long as the project is in operation
Time Post :
and Experience Up to 10 years
Experience Up to 5 years
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