Malaysia has been growing steadily for the past decade to establish herself as one of Southeast Asia’s top economy. With the pandemic driving digitalisation, Malaysia looks to stay in the game by introducing digital-led initiatives and programmes under the MyDIGITAL blueprint to boost its digital economy.
One of the key initiatives is the introduction of MSC Status in Malaysia, which is now rebranded as Malaysia Digital (MD) Status.
What is MD Status / MSC Status
The MD / MSC Status in Malaysia is a label that both local and foreign companies can apply for to get a wide range of incentives to drive business growth. Through this initiative, the Malaysia Digital Economy Corporation (MDEC) aims to attract companies, talents, and investments while empowering local businesses to stay competitive in the global digitalisation phenomenon.
Since it has been implemented in 1996, the quantifiable outcomes have been well spoken of. Here is a quick summary of the impact of the MD Status programme.
4,726 companies awarded the Malaysia MD Status
2,708 active Malaysia MD Status companies
RM384B worth of investment recorded as of December 2020
RM588B worth of revenue generated as of December 2020
RM212B worth of export generated as of December 2020
184,030 jobs created as of December 2020
The Malaysia MD Status serves as a mark of excellence and recognition in driving the digital economy, which is highly sought for by companies.
There are 3 tiers of MD Status companies in Malaysia and they are categorised based on the location of their offices.
||MD Status companies situated in the designated premises within the MD Cybercity
||MD Status companies located in other commercial premises within the MD Cybercity
|Tier 3 & MD Startups