Malaysia Health Care Tourism

Treatment advantage: Malaysia healthcare is specialized in all medical disciplines and performs some of the most difficult treatments in the world. The medical practices followed in Malaysia are at par with the best in the
world incorporating sophistication as well as international expertise.
The medical team consists of specialists who have been trained in outstanding medical institutions around the world while the visiting faculty comprises of distinguished specialists belonging to world famous medical centres. The treatments are carried out in state of the art facilities that have been furnished to meet international standards. The high quality in treatments is thus maintained at the technology as well as professional levels.

Value for your money: In the current scenario of international medicine, where the cost of medical treatment is skyrocketing in the U.S. and Europe, Malaysia's healthcare service comes as a relief to patients all over the world. With highly specialized hospitals and medical faculties trained in some of the most esteemed medical institutions in the world, Malaysia confidently claims of a medical care that supersedes in quality and affordability.
Common cosmetic surgeries such as the rhinoplasty and tummy tuck, costs the patient around 5000-6000$(USD) in the U.S., while in Malaysia the same would come up to only 600-1400$(USD). The disparity is proof of the cost-effective nature of Malaysian procedures.
This leaves scope for incorporating a vacation along with the treatment for the
holiday seekers. And what's more you still spend only lesser than what you
would have,in order to undergo the medical treatment alone in the U.S. or U.K.

Hospitality: The facilities are complemented by equally proficient nursing offering round the clock service to the patients. Hospitality and service
being the keywords of our practice, a comfortable stay in fully equipped and
luxurious rooms is assured. The biggest advantage is perhaps the fact that the
faculties of the hospitals are English speaking, facilitating proper
communication and interaction.
Also the medical staffs hail from various parts of the world,
hence erasing any alien feeling for the foreign patient, who has opportunity to
relate with an identical nationality.

Confidentiality: The patient is assured of complete privacy as we ensure to maintain and conduct the details of all our procedures including information transfer under strict confidentiality, preventing unwarranted attention from any source.

Holiday advantage: Malaysia is a beautiful country, enriched with sun lit beaches, hill stations, evergreen forests and spectacular architectural sites,offering you multiple holiday possibilities. Malaysia healthcare offers you
the opportunity to take advantage of a vacation along with your treatment
either through the various tailor made packages on offer or by helping you to build your own personalized holiday cum treatment package utilizing our online services.
The packages are available at attractive prices, and are a true steal from the
economic point of view, considering the money as well as time saved on
choosing Malaysia for your treatment.

Service advantage: Malaysia healthcare serves you at every point of your journey; from the point where you access our healthcare services online till your departure from Malaysia. Our simple format helps you to plan your treatment
in Malaysia with ease.

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Reason why Invest In Malaysia

POLICIES

Local company incorporation
Manufacturing license application
No restriction on foreign equity ownership
Liberal expatriate employment policy
Free movement of funds for foreign investments in Malaysia
Protection of intellectual property rights
Company tax rate of 26%
Individual tax rate from 0%-28%
No minimum wages legislation
Minimum conditions of employment under the Employment Act 1955
Responsible trade unions and harmonious industrial relations
Compulsory contributions:
Employees Provident Fund (EPF)
Social Security Organisation (SOCSO)
Human Resources Development Fund (HRDF)
Investment guarantee agreements
Double taxation agreements
Controlled environmental management policy

INCENTIVES

Eligible industries/sectors
Manufacturing
Agriculture
Tourism
Manufacturing related services:
Integrated logistics services
Integrated market support services
Integrated central utility facilities
Cold chain facilities

Others, including:
Research and development
Environmental management
Training
ICT
Shipping and transportation
Multimedia super corridor (MSC)
Knowledge-based economy
Operational headquarters
Regional distribution centres
International procurement centres
Representative offices and regional offices
Offshore financial service

Main incentives:
Pioneer status
Full income tax exemption
Investment tax allowance
Accelerated capital allowance
Incentive for relocating manufacturing activities
Industrial building allowance
Infrastructure allowance
Reinvestment allowance
Export incentives
Import duty exemption on raw materials, components, machinery and equipment
Group relief

FACILITIES
Comprehensive system of vocational and industrial training
Financial assistance for training of workers
Well-developed financial and banking sector providing credit to industry
Export credit refinancing
Export credit insurance
Active and efficient stock exchange for raising capital
Fully developed industrial parks for industry
high-tech parks
free zones for export industries
Multimedia Super Corridor (MSC)
Ample electricity and water supply at reasonable costs
High quality telecommunications network and services
Well-equipped seaports and airports connected to the world
Network of well-maintained highways and railways

INCENTIVE FOR INVESTMENT

In Malaysia, tax incentives, both direct and indirect, are provided for in the Promotion of Investments Act 1986, Income Tax Act 1967, Customs Act 1967, Sales Tax Act 1972, Excise Act 1976 and Free Zones Act 1990. These Acts cover investments in the manufacturing, agriculture, tourism (including hotel) and approved services sectors as well as R&D, training and environmental protection activities.

The direct tax incentives grant partial or total relief from income tax payment for a specified period, while indirect tax incentives are in the form of exemptions from import duty, sales tax and excise duty.

1. INCENTIVES FOR THE MANUFACTURING SECTOR

1.1 Main Incentives for Manufacturing Companies

The major tax incentives for companies investing in the manufacturing sector are the Pioneer Status and the Investment Tax Allowance.

Eligibility for Pioneer Status and Investment Tax Allowance is based on certain priorities, including the levels of value-added, technology used and industrial linkages. Eligible activities and products are termed as "promoted activities" or “promoted products”. (Please refer to the List of Promoted Activities and Products - General)

(i) Pioneer Status

A company granted Pioneer Status enjoys a 5-year partial exemption from the payment of income tax. It pays tax on 30% of its statutory income*, with the exemption period commencing from its Production Day (defined as the day its production level reaches 30% of its capacity).

Unabsorbed capital allowances as well as accumulated losses incurred during the pioneer period can be carried forward and deducted from the post pioneer income of the company.

To encourage investments in the promoted areas i.e. the States of Perlis**, Sabah and Sarawak and the designated “Eastern Corridor”+ of Peninsular Malaysia, applications received from companies located in these areas will enjoy a 100% tax exemption on their statutory income during their 5-year exemption period. Applications received by 31 December 2010 are eligible for this incentive.

Applications for Pioneer Status should be submitted to the Malaysian Industrial Development Authority (MIDA).

(ii) Investment Tax Allowance

As an alternative to Pioneer Status, a company may apply for Investment Tax Allowance (ITA). A company granted ITA is entitled to an allowance of 60% on its qualifying capital expenditure (factory, plant, machinery or other equipment used for the approved project) incurred within five years from the date the first qualifying capital expenditure is incurred.

The company can offset this allowance against 70% of its statutory income for each year of assessment. Any unutilised allowance can be carried forward to subsequent years until fully utilised. The remaining 30% of its statutory income will be taxed at the prevailing company tax rate.

For the promoted areas i.e. the States of Perlis** , Sabah and Sarawak and the designated “Eastern Corridor” of Peninsular Malaysia, applications received from 13 September 2003 from companies located in these areas will enjoy an allowance of 100% on the qualifying capital expenditure incurred within a period of five years. The allowance can be utilised to offset against 100% of the statutory income for each year of assessment. Applications received by 31 December 2010 are eligible for this incentive.

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