Malaysia offers incentives to attract global technology companies

Story continues below

Malaysia will offer incentives such as rent and employment pass exemptions and subsidies, as well as preferential tax rates on corporate profits, to attract global high-tech companies, the country’s economy minister announced on Monday.

Minister Rafizi Ramli said at the KL20 Summit that “we are building global unicorn companies to not only develop a pipeline of future entrepreneurs and senior leaders in the technology industry, but also to ensure that high-skilled, high-value jobs are created. We would like Malaysia to enter the market,” he said at the KL20 Summit. New policy to support start-ups in Malaysia.

Story continues below

Read the latest business news, Sensex, Nifty updates. Get Personal Finance insights, tax questions and expert opinions on Moneycontrol or download the Moneycontrol app to stay updated.

Related Article


Leave a Comment