Following Malaysian Prime Minister, Tan Sri Muhyiddin Yassin’s declaration that the entire country will be on a movement control order starting from 15th June 2021, to deal with the rise in Covid-19 cases, InvestPenang would like to inform that:
• InvestPenang office will be closed from 15th June 2021. Operation will resume when there are further directives from the government.
• InvestPenang team will still be working from home and reachable via emails. Please refer to our respective emails at
We remain committed to support our stakeholders through this difficult time.


View major news and upcoming events to explore Penang’s thriving key industries.

On 5 June 2020, government announced several attractive incentives for company that relocating to Malaysia:

  • 0% tax rate for 10 years for new investment in manufacturing sectors with capex between RM300-500 million
  • 0% tax rate for 15 years for new investment in manufacturing sectors with capex above RM500 million
  • 100% Investment Tax Allowance for 3 years for existing company in Malaysia relocating overseas facilities into Malaysia with capex above RM300 million
  • Special Reinvestment Allowance for manufacturing and selected agriculture activity, from YA 2020 to YA 2021.
  • Establishment of Project Acceleration & Coordination Unit (PACU) at MIDA
  • Enhancement of Domestic Investment Strategic Fund
  • Manufacturing License approval for non-sensitive industry within 2 working days

For further info, pls visit:

Source: MoF – Pelan Jana Semula Ekonomi Negara (PENJANA), Short Term Recovery Plan