Many people have heard of MSC Malaysia Status companies. They have always wondered whether they too can set up one and get to enjoy the many benefits of attaining the prestigious MSC Status. Truth be told. You can get an MSC Status company up and running if you are that determined to do so. It is not that difficult anyway. Here are some pointers that will help you if you are interested to have an MSC Status company in your stable.
MSC Status is opened to both local and foreign companies. Unlike in some restrictive countries, you can have a hundred percent equity even if you are a foreigner. There are big and small foreign companies operating in MSC Malaysia. Some of the big names include Microsoft, IBM and Motorola. They normally set up base in MSC to do research and development. There are about 2500 companies with MSC Status and local setups makes up three quarters of the total.
When MSC was started in 1996, the idea then was to attract world class companies to bring their technologies here. Malaysia was then interested in information technology. It was then the in thing to do, and Malaysia came up with a plan to build a township to house all and sundry to research, develop and make information technology products and services. The original MSC hub was about seven thousand acres and was built from the ground up. World class infrastructure was laid with fiber optics cable, planned roadways and transport systems, affordable housings and a multimedia university to boot.
As activities expanded, MSC Malaysia has roped in other satellite areas (called cybercities) in the country and to accord them the MSC Status as well. For companies to be accorded the MSC Status, it has to be sited in the MSC designated area. As more companies have achieved MSC status, there was a need to extend the MSC area to other less developed regions in the country. As a result of the decentralization move, new areas have been accorded MSC status including Penang, Kedah, Johor, Malacca and even in Sarawak. There are also other purpose built areas and enclaves in Kuala Lumpur as most of the MSC Status companies find it necessary to locate in the capital.
Today, MSC Malaysia has expanded its activities to multi-media animations, outsourcing companies, educational setups, technology incubators, biotechnology, bio-pharmaceuticals and new materials. So with the expanded scope, entrepreneurs will easily find something that they can do. The MSC Malaysia is a government initiative, and being one that is being run with a ten point bill of guarantee, it has attracted world attention. It has help create over twenty thousand knowledge workers and thousands of high technology companies. It is a shining example of a twenty first century vision of what an advance economy model should be.
For a better understanding about obtaining MSC Status, go to MSC Status Insights
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