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GREAT INCENTIVES AVAILABLE

For manufacturers of pharmaceutical, palm-based, medical & scientific products

Pioneer
Status

Income tax examption ranging from 70% to 100% for a period of 5 or 10 years.

Investment Tax Allowance

60% or 100% on qualifing capital expenditure for 5 years.

Reinvestment allowance

60% on qualifying capital expenditure for 15 consecutive years.

Import Duty Exemption

For raw materials / component and machinery and equipment.

Target Industries

Manufacture of pharmaceutical and related products (pharmaceuticals, biopharmaceuticals & nutraceuticals)
Manufacture of palm oil products and their derivatives (palm-based nutraceuticals & products from palm biomass)
Manufacture of professional, medical, scientific and measuring devices or parts
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Selangor Bio Bay

Selangor Bio Bay is a state-of-the-art biotechnology hub located in Malaysia – furnished with eco-friendly, high-tech infrastructure that meets end-to-end industrial, commercial and residential needs.