Additional Updates from MDEC (Malaysia Digital Economy Corporation)

Further to the announcement made by on 19 Oct, MDEC has clarified and clearly identified the process improvements to take effect on 15 Nov 2017for bothICT and MSC status companies separately.

PROCESSING TIMES & REVISED MDEC CHARGES

All illustrations are provided by MDEC and our interpretations are summarized below –

For ICT Companies

  • Company assessment which essentially means Company Registration with MDEC remains unchanged at a 1-month processing time. The Registration only needs to be done once.
  • The process for approval will take 7 working days and will include approvals from both MDEC and the Immigration Department. Stage 1 and Stage 2 processes have essentially been combined reducing the processing time from the current 10-15 working days to 7 working days.
  • We were advised that the application paperwork of both Stages will also be combined.
  • The endorsement of passes i.e. Stage 3 by the Immigration Department will take 2 working days. This is the current practice already.
  • The new charges below are for up to a duration of 3 years, regardless of what is applied for or what is approved.

SERVICES (NEW AND RENEWAL)

TOTAL PAYABLE
(inclusive of 6% GST)

EMPLOYMENT PASS (EP)
(inclusive services of TRANSFER OF ENDORSEMENT (TOE) AND CANCELLATION OF PASSES)
Note: Duration up to three (3) years

RM2,968

DEPENDANT PASS (DP) and SOCIAL VISIT PASS

RM530

AMENDMENT OF APPROVAL LETTER

RM106



For MSC Companies

  • No Company assessment / registration required.
  • The process for approval will take 7 working days and will include the approval from both MDEC and the Immigration Department.
  • The endorsement of passes by the Immigration Department will take 2 working days.
  • Stage 1 of the process has been increased from 3 to 7 working days, seemingly taking into the account the much longer original processing time of Stage 2 which will now be shortened to 2 working days.
  • The new charges below are for up to a duration of 3 years, regardless of what is applied for or what is approved.

SERVICES (NEW AND RENEWAL)

TOTAL PAYABLE
(inclusive of 6% GST)

EMPLOYMENT PASS (EP)
(inclusive services of TRANSFER OF ENDORSEMENT (TOE) AND CANCELLATION OF PASSES)
Note: Duration up to three (3) years

RM2,120

DEPENDANT PASS (DP) and SOCIAL VISIT PASS

RM530

AMENDMENT OF APPROVAL LETTER

RM106

 

The other updates remain unchanged as announced on 19 Oct 2017 i.e.

ONLINE PAYMENT

All payments to MDEC and Immigration are non-refundable and must be made online. Banker’s cheque/bank draft will no longer be accepted. 

IMPROVED WEBSITE

MDEC has enhanced its website designed for better user experience www.expats.com.my

For further enquires, feel free to reach out to your friendly neighborhood partner, The Corporate Lab at askus@the-corporate-lab.com or call +6012-215 7424.