Checklist for Pioneer Status
Fact Finding for Initial Fees
Introduction
The Pioneer Status (PS) incentive is a tax exemption scheme under Malaysia’s
Promotion of Investments Act 1986 (PIA 1986) aimed at promoting investments in
targeted industries. It grants eligible manufacturing companies an income tax
exemption on a portion of their profits for a specified period. In practical terms, a
standard Pioneer Status approval provides a 5-year tax exemption on 70% of
statutory income (the company pays tax on only 30% of income. However, certain
categories of projects (e.g. high-technology, strategic, or small-scale Malaysianowned companies) can qualify for 100% tax exemption and/or extended pioneer
periods if they meet additional criteria. The incentive period for PS begins from the
company’s “Production Day”, defined as the day production reaches at least 30% of
installed capacity.
Checkbox
Details
General Documentations
Technical or Project Proposal
Company Statutory Documents
 Certificate of Incorporation (Form 9 / Section 17 CA)
 Return of Shares (Form 24)
 Notice Registered Address (Form 44)
 Registration of Directors & Officers (Form 49)
OR
 Borang Teras
Constitution
 Memorandum & Article of Association (M &A)
Audited Financial Statement
 Latest Audited Accounts
 Optional – 3 years Audited Account
Supporting Documents
 Manufacture License (For Expansion) Or Confirmation License
Exception
Application Fees / Digital Certificate