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State Industrial Policies
In the late 1980īs, Selangor made major changes to its Economic Policy with preference given to industrial, housing and recreational
development. During the 1990īs, the industrial policy was directed towards capital-intensive and high-tech industries.
Federal Industrial Policies
The main incentives offered to investors as stipulated in the Promotion of Investment Act 1986 are as follows:-
Pioneer Status
Investment tax allowance
Exemption on double taxation
Incentives for training, research and development
Equity participation guidelines - some projects can be 100% foreign owned
Services of foreign expatriates are allowed
Liberalisation of the Stateīs foreign policy
Deregulation of policies on foreign labour
Creation of new industrial corridors |