➊ To promote foreign and local investments in the manufacturing and services sectors.
➋ To undertake planning for industrial development in Malaysia.
➌ To recommend policies and strategies on industrial promotion and development to the Minister of International Trade and Industry.
➍ To evaluate applications for manufacturing licenses and expatriate posts; tax incentives for manufacturing activities, tourism, R&D, training institutions and software development; and duty exemption on raw materials, components and machinery
➎ Issuance of confirmation letter to the application of import duty and/or sales tax exemption on machinery, equipment, spare parts, consumables. prime mover and container trailers for manufacturers in the principal custom area (PCA), companies engaged in hotel business and haulage operators under the self-declarations mechanism, effective 2 May 2014.
➏ To assist companies in the implementation and operation of their projects, and offer assistance through direct consultation and consultation and co-operation with the relevant authorities at both the federal and state levels.
➐ To facilitate the exchange of information and co-ordination among institutions engaged in or connected with industrial development
➑ To further enhance MIDA’s role of assisting investors, senior representatives from key agencies are stationed at MIDA’s headquarters in Kuala Lumpur to advise investors on government policies and procedures. These representatives include officials from the Ministry of Human Resources, Immigration Department, Royal Customs Malaysia, Department of Environment, Tenaga Nasional Berhad and Telekom Malaysia Berhad.
The National Trade Promotion Agency of Malaysia
MATRADE’s objectives are:
➊ To raise the profile of Malaysian exporters in foreign markets;
➋ To disseminate timely and relevant information and market intelligence to help Malaysian companies gain a competitive edge in foreign markets;
➌ To introduce Malaysian companies to foreign importers seeking Malaysian suppliers; and
➍ To undertake activities to promote the export of Malaysian goods and services in overseas markets.
MATRADE is also actively involved in assisting foreign companies to source for suppliers of Malaysian products and services, and is represented worldwide at more than 40 locations in major commercial cities. In Malaysia, MATRADE has five local branches in Penang, Terengganu, Johor, Sabah, and Sarawak.