i-Incentives Investment Incentives Portal by Incentive Collaboration and Coordination Office (ICCO) MITI Sharing Session 28 August 2018, Tuesday Seminar Room MITI Tower i-Incentives Portal https://incentives.mida.gov.my ICCO Background Services Sector Blueprint • Launched in March 2015 based on the recommendation by Economic Planning Unit (EPU) • Action Plan: To improve incentive coordination through the establishment of ICCO 2 11th Malaysia Plan Further Empowerment of ICCO Strategy A4 Enhancing the management of investment incentives The current investment incentive programme will be replaced with a more effective, transparent, and performance-based incentive programme to attract quality investment and boost productivity. The Incentive Coordination and Collaboration Office (ICCO) will be established under the Malaysian Investment Development Authority (MIDA) to act as a coordinator for all investment incentives. The ICCO will enable cross-agency visibility and allow for a more holistic assessment of incentives through structured information sharing between the approving government agencies. In addition, ICCO will undertake an impact assessment on the incentives provided, besides assisting in high-level monitoring from a demand perspective. i-Incentives Portal 3 https://incentives.mida.gov.my ICCO Establishment • Incentive Coordination and Collaboration Office (ICCO) was established in MIDA on the 15th April 2015. • Objectives:- Coordinating investment incentives schemes under a single portal; Provide greater cross agency visibility and transparency of incentives offered; i-Incentives Portal 4 https://incentives.mida.gov.my ICCO i-Incentives Portal Launching Officially launched by YB Minister MITI 5 i-Incentives Portal https://incentives.mida.gov.my Single Portal for Investment Incentives Information for Investment Incentives Information https://incentives.mida.gov.my i-Incentives Portal 6 https://incentives.mida.gov.my i-Incentives Portal - As a layer of security - As a record for reference i-Incentives Portal 7 https://incentives.mida.gov.my i-Incentives Portal Landing Page i-Incentives Portal 8 https://incentives.mida.gov.my i-Incentives Portal Search Example: Search by Grants across Ministries/ Agencies i-Incentives Portal 9 https://incentives.mida.gov.my i-Incentives Portal Search (cont’d) Search by Ministry (MITI) i-Incentives Portal 10 https://incentives.mida.gov.my i-Incentives Portal Search (cont’d) Search by Sector i-Incentives Portal 11 https://incentives.mida.gov.my i-Incentives Portal Results Details on Investment Incentives (including Forms and Guidelines) 12 i-Incentives Portal Results (cont’d) 13 i-Incentives Portal Results (cont’d) 14 i-Incentives Portal Categorisation of Incentives 1 Key Figures 33 B y S e c t o r s 3 12 Main Ministries Sectors 122 Type4 of Total Incentives Agencies28 Offering Incentives 37% 22 Type of Incentives Tax Incentives (58) 51% Grant (24) Others* (18) 12% Soft Loan (22) * Equity funding, training, aids, regional establishments & other facilitation programmes. Source: i-Incentives Portal (as at 30/06/18) 15 i-Incentives Portal Incentives by Ministries & Agencies MITI P.M.D MESTECC MDTCA MIDA : 33 ECER : 8 SEDIA : 7 MTDC : 6 MIDF : 7 IRDA : 4 TERAJU : 3 SME Corp : 4 Bioeconomy Corp. : 3 PNS : 8 UKAS : 1 AIM : 1 MOSTI : 2 MyIPO : 1 MATRADE : 2 HDC : 3 SME Bank : 2 (Fund Division) 48 27 11 9 MPI MOF MCM MOTAC MCB : 1 MPB : 1 CRADLE : 4 MDEC : 3 MPOB : 1 MRB : 1 SC M’sia : 2 FINAS : 2 MOTAQ HQ : 4 MTIB : 1 NKTB : 1 6 6 5 4 MOH MOA MOHR MOE MOA (IAT) : 1 MOH HQ : 3 HRDF : 2 * PPRN : 1 MOA (PIEB) : 1 * Suspended 3 2 2 1 List subject to review i-Incentives Portal based on final agencies https://incentives.mida.gov.my * Information as at 30 June 2018 16 Incentives Available …from Lab to Market Product Design / Production Distribution Marketing R&D Commercialisation G: Domestic Investment Strategic Fund (MIDA) T: Integrated Logistic Services (ILS), Principal Hub (MIDA) T: Venture Capital Tax Incentives (SC M’sia) T: International Integrated G: MDG, SEF (MATRADE) Logistic Services (IILS) G: CIP-300 (CRADLE) T: Contract R&D, R&D Cold Chain Facilities (MIDA) G: Coach and Grow (CGP) Company, In-House R&D, R&D T: General Investment, Small (CRADLE) T: ICAB (MIDA) T: Halal Logistics Reinvestments, R&D Status Scale, High Tech, Selected Operator(HDC) SL: SLSSE(MIDF) (MIDA) G: PPRN (MOE) Ind., Halal Food Products, ACA, Reinvestment (RB, G: Steinbeis Innovation O: RE & RO (MIDA) G: CRDF, TAF, BGF; Food, Oil Palm) , Recycling, Voucher (AIM) SL : BSF (MTDC) Less Dev. Area (MIDA) G: SMART Fund, Inno Fund SL: Biotechnology T: Halal Ind. Player (HDC) (MESTECC) Commercialisation Fund (Bioeconomy Corp) T: Bionexus; SL: Biotech Trans Prog. (Bioeconomy) O: (IP) Filing Fund For Youth, T: Livestock, Aquatic, Natural Student And Local Products, Ship Building, Palm Communities (MyIPO) Oil (SEDIA) Services T: Mfg & MRS, O&G and Legend: O: DEQ- 800 (CRADLE) Petro.,G: Facil. Fund (ECER) T: Tour Operators (D & F), T : Tax Incentive T: Hotel, Tourism, Hotel/ T: Angel Tax Incentive G:Tourism Dev. Fund, Special G : Grant Tourism Reinvestments, Fund (MOTAC) (CRADLE) Green Tech., Waste Eco SL : Soft Loan G: Halal Fund, O: BEF (MTDC) Parks, Tech. & Voc. Training T: Venture Capital Tax O : Others Centre, Higher Education, Incentives, Islamic Fund G: BEEP, BAP, TUBE (SME Mines Wellness City (MIDA) Management (SC M’sia) Corp) G: Facilitation Fund, SUPERB, T: MSC, MSC4Startups,RISE T: Hotel/Resort & Creative SL: TERAS (TERAJU) (MDEC) Primary Cluster, Private Learning G: High Impact Product Institution (SEDIA) T: Halal Park Operator (HDC) Matching Grant (MOA) T: Agriculture & Agriculture- G: Digital Content Fund, FIMI O: Rubber Smallholder (MRB) SL: SLSME, SLSAM, SLBAE, T: Medini: Approved related Services (ECER) (FINAS) SLSCD, SLSSS, SMEEF (MIDF) Developer, Approved T: Approved Food Production Development Manager, IDR O: Pepper Smallholders SL: Dana 1-SME, BAP (SME G: GENERAtE, RPEL (PSMB) Projects (MOA) (MPB) Status Company (IRDA) Bank) SL: Franchisor & Franchisee T: Tourism, Knowledge, T: General Investment O: Palm Oil Smallholders SL: BIT – Franchisor & Financing , Pre-Franchise, Education & ICT [Floriculture], Small Scale (MPOB) Franchisee (PNS) DBPF, PPFT, SPKF (PNS) Development, Industrial [Aquaculture, Apiculture] O: Cocoa Smallholder and SL: Raw Material Soft Loan Parks/ Free Zone O: Water Vending (MOH) (MIDA) Handmade Chocolate (MCB) Programme (MTIB) Development, ETEP (ECER) O: Kenaf Smallholder (NKTB) O: MESTI, HACCP (MOH) O: SEAP (SME Corp) State Incentives - National Productivity Council meeting on 27th November 2017: ICCO has been directed to expand the coverage to state government incentives. Pulau Pinang - Insentif Green Building Index - Penang-i 4.0 Sabah - Insentif Pembangunan PKS Sabah With Incentives Johor 8 Perlis, Penang, Perak, Kelantan, Terengganu, Johor, - Insentif Bantuan PKS Johor 2018 Sabah, Sarawak Yet to explore 5 Kedah, Selangor, Negeri Sembilan, Melaka, Pahang * Information update as at 30 June 2018 i-Incentives Portal https://incentives.mida.gov.my 18 i-Incentives Portal Accessibility i-Incentives Portal https://incentives.mida.gov.my Thank You .