Malaysian Investment Development Authority
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| State level | Government agency | ||
| Headquarters | Kuala Lumpur | ||
| Website | www.mida.gov.my | ||
The Malaysian Investment Development Authority (MIDA) is the state organization of Malaysia for the national promotion of the manufacturing industry and the service sector . Until 2011, the authority was called the Malaysian Industrial Development Authority . Meanwhile, MIDA also operates 24 agencies outside of the country, as well as 12 additional branches in the various states of Malaysia.
founding
The foundation for the establishment was the enactment of the Malaysian Investment Development Authority Act in 1967 and was recognized by the World Bank as "the necessary impetus for purposeful, positive and coordinated promotional action for Malaysia's industrial development." designated.
The aim is to support traders in implementing their projects. The MIDA provides the necessary information for this and arranges joint venture partnerships between companies. The agency's headquarters are located in Kuala Lumpur , where high-ranking representatives from other relevant government organizations are also sent to inform potential investors about the legal framework. In addition, applications for the issuance of manufacturing licenses, tax relief, exemption from customs licenses for manufacturing material and technical systems and machines can be made there.
literature
- OECD Investment Policy Reviews OECD Investment Policy Reviews: Malaysia 2013 (entry on Google Books)