Financial incentives for the Malaysian biotech industry is granted under the BioNexus Status awarded by the Malaysian Biotechnology Corporation as well as by the Malaysian Industry Development Authority (MIDA).
The BioNexus status confers financial incentives including tax exemptions from 100% of statutory income for the first ten years, from the first year that statutory income is derived to double deductions for expenditure incurred from R&D and promotion.
For more information, please view the Tax Incentives Guidelines on the BiotechCorp website.
For international companies looking to invest in Malaysia, MIDA acts as a one-stop centre for advice on financial incentives that work across most industries, particularly those of national importance. MIDA offices are located globally, primarily in Malaysian Consulates.
For more information, please visit the MIDA webpage.