Incentives for software development

Related topics: | Investment Incentives |

Incentives for Software Development

In line with the Government's objective to encourage the development of computer software, companies which develop both original software and/or undertake major modifications of existing software other than those deemed established, are eligible to apply for Pioneer Status incentive for a period of five years under the Promotion of Investments Act, 1986. However, the granting of the incentive is governed by the following guidelines:

The computer software must be for a general purpose and not customised
For companies undertaking modification of existing software packages, the cost of acquiring the existing packages must not exceed 25% of the modification expenditure which includes software tools, labour and equipment costs.

Applications for this incentive should be submitted to MIDA.

I want a Biz PA FreeAdvice

Please contact Alvin For Advertising & Sponsorship Information

FINMART FreeAdvice® is the leading business advisory site for business people doing business in Malaysia. It provides advice relating to most common business problems and to help business people to understand the way how business should be properly conducted, but is not a substitute for personal business advice from the respective professional and experts. You are welcome to view FINMART FreeAdvice® for your own personal, non-commercial purposes, and subject to our legal disclaimer and conditions of use.