CD2 Website

Business in CD²

Setting up a business in CD² is incredibly simple and costs less than the common tech hub.

Setting Up Your Business

Incorporation Fees

Main fees to be paid to the Companies Commission of Malaysia (SSM)

  • Reservation of a name – RM50/USD12
  • Application for incorporation under section 14 of the Act for company limited by share, by guarantee, or unlimited company – RM1000-RM3000/USD250-750
  • Registration of company with share capital:
    • Not exceeding RM1mil (USD250k) costs RM5k/USD1,238
    • RM 1,000,001 to RM 10,000,000 (USD 250K to USD2mil) costs RM20k/USD4,950
    • RM 10,000,001 to RM 50,000,000 (USD2.5mil to USD12.38mil) costs RM40k/USD9,901
    • RM 50,000,001 to RM 100,000,000 (USD12.38mil to USD24.75mil) costs RM60k/USD14,851
    • Exceeding RM100,000,000 (USD24.75mil) or registration of company WITHOUT share capital costs RM70,000/USD17,327

For the full range of fees, please go to SSM’s website at www.ssm.com.my

Office Space

Rental Rates for Prime Office Space in Georgetown, Pulau Pinang rates range from RM27 to RM38 (USD6.70 to USD9.41).

Cost of Prime Office Space in Penang (RM psf/month):

  • Penang Island (Georgetown, Bayan Lepas, Bayan Baru)
    • RM2.00 – RM3.50 psf per month
  • Mainland, Penang
    • RM1.50 – RM2.00 psf per month

For more information, please visit www.pdc.gov.my

Tax Incentives for Company Relocating into Malaysia under National Economic Recovery Plan (PENJANA)

Tax incentives offered to a new and existing company relocating into Malaysia under the Income Tax Act 1967 are as follows:

For more information, please visit penjana.treasury.gov.my

Foreign Knowledge Worker- eXpats

The eXpats Service Centre is a department within the Malaysia Digital Economy Corporation Sdn. Bhd. (MDEC) At the Centre, we provide our clients with constant support by offering efficient, effective and innovative services. Located in the bustling global technology hub of Cyberjaya, our Centre also houses the MSC Facilitation & Services Department (MFS) of MDEC as well as the Expatriate Services Division of the Immigration Department of Malaysia.

Malaysia Tech Entrepreneur Programme (MTEP)

MTEP is a specially designed pass to attract tech startup entrepreneurs, experienced tech entrepreneurs and investors to work or invest in tech industries in Malaysia. Malaysia offers 1-year pass for New Entrepreneurs and a 5-year pass for Established Entrepreneurs or Investors along with dependents.
For more information, please visit mdec.my

Further Reading