Selling Of Laboratory And Scientific Equipment Companies in Malaysia

The Malaysian government has been actively encouraging the selling of laboratory and scientific equipment companies in Malaysia in order to create a more vibrant and innovative economy. This policy has been implemented through a number of initiatives, including the setting up of the Malaysian Biotechnology Corporation (MBC) and the Malaysian Industrial Development Authority (MIDA).

The MBC is a government-owned company that was established in 2001 with the aim of promoting the development of the biotechnology industry in Malaysia. The MBC provides a range of services to support biotechnology companies, including funding, training and advice.

The MIDA is a government agency that provides assistance to companies in the manufacturing sector. The MIDA helps companies to obtain licenses, permits and approvals for their businesses. It also provides information on incentives and tax holidays.

The Malaysian government has also introduced a number of tax incentives for companies involved in the research and development of new products and technologies. These incentives include the Research and Development Tax Incentive (RDTI) and the Patent Box Incentive.

The RDTI provides a tax deduction of up to 200% for companies that incur expenditure on research and development activities. The Patent Box Incentive allows companies to enjoy a reduced tax rate of 10% on income