Translator：Jiang Wenyu

On June 21, 2022, Mr. Steven Cheng, Investment Consul, Mr. Mohd Rezauddin, Vice Consul, and Mr. Wan Dewei, Investment Officer of Investment Department of Malaysian Consulate General in Shanghai and Malaysian Investment and Development Authority (MIDA) visited Shanghai Landing Law Offices, which was received by Mr. Li Xinli, Director of International Investment and Trade Department, and Ms. Hu Min, Deputy Director of Construction Engineering & Real Estate Department of Landing Law Offices.

Mr. Li and Ms. Hu introduced the development of the firm to the guests, and Mr. Steven introduced the investment policy of Malaysia and the industries they would like to focus on, such as new technology, new energy, data center, auto parts industry, aviation parts industry, etc. The guests were very interested to know that LANDING has more than 20 offices in China and is preparing to set up an office in Malaysia, and expressed their strong support if LANDING 's clients wish to invest in Malaysia. Both sides agreed to jointly organize a policy briefing on investing in Malaysia in early July to introduce Chinese entrepreneurs to the laws and policies of investing in Malaysia.

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Malaysia Investment Trade Authority (MIDA) Profile

Malaysia Investment and Development Authority (MIDA) is the government's principal investment promotion agency under the Ministry of International Trade and Industry (MITI) to oversee and drive investments into the manufacturing and services sectors in Malaysia, and is the first point of contact for investors interested in investing in Malaysia's manufacturing and service sectors. MIDA is the one-stop service window for companies to enter into investment in Malaysia, and provides a platform for companies seeking to MIDA is a one-stop shop for companies and investors seeking to explore investment opportunities and expand their operational potential in Malaysia. MIDA's main functions include: planning and coordinating the development of industries in Malaysia; facilitating foreign and domestic investment in manufacturing and services; recommending government policies and strategies for industrial development; assisting in the implementation and operation of corporate projects and through direct consultation with relevant authorities at both the federal and state levels of government, providing assistance to companies; facilitating and coordinating the exchange of information with agencies concerned with industrial development. As the central investment promotion agency (IPA) in Malaysia, MIDA is authorized to evaluate applications for projects in the manufacturing and its related service industries in the following areas: 1. Manufacturing Industrial Licenses, 2. Corporate Tax Incentives, 3. Positions for foreign employees, 4. Import duty exemptions for Raw Materials, Components, Machinery and Tools.