Malaysian Investment Development Authority
 Logo of the MIDA | |
| Agency overview | |
|---|---|
| Formed | January 1, 1967 |
| Headquarters |  Malaysia |
| Website | www |
The Malaysian Industry Development Authority (MIDA) is the main government agency for improving the manufacturing and services sector in Malaysia and is listed under the Malaysia Industrial Development Authority Act. The authority assists companies that intend to invest in the industrial and services sector and facilitate the implementation of its projects. It includes the wide range of services that MIDA provides, in addition to providing information on investment opportunities, as well as facilitating companies looking for joint venture partners.[1][2][3][4]
Tasks of the Authority[change | change source]
- Encouraging foreign and domestic investments in the manufacturing and services sectors
- Doing industrial development planning in Malaysia
- Recommend the policies and strategies for industrial promotion and development of the Minister of International Trade and Industry
- Evaluating applications for manufacturing licenses and expatriate jobs. Tax incentives for manufacturing, tourism, research and development activities, training and software development institutions; And exemption from duties on raw materials, components and machines
- Issuing a confirmation letter for the application of import tax and / or exemption from sales tax on machinery, equipment, spare parts and consumables.
- Assisting companies in implementing and operating their projects, and providing assistance through direct consultation, consultation and cooperation with the relevant authorities at the federal and state levels
- Facilitating information exchange and coordination between institutions working in or related to industrial development
- International agreements
References[change | change source]
- ↑ "Keysight opens new testing lab in Penang - The Star". www.thestar.com.my.
- ↑ "'Much to gain' for Japanese businesses". The Japan Times. 29 November 2019.
- ↑ "Mida in talks to attract RM38b worth of projects to Malaysia". The Edge Markets. 29 November 2019.
- ↑ "MIDA: Approved investments in manufacturing, services and primary sectors rose 1.7% in 2019". The Edge Markets. 20 April 2020.