Transcript BIONEXUS APPLICATION AND INCENTIVES by Biotech

BIONEXUS APPLICATION AND
INCENTIVES
20th December 2012
Presentation at the Marine Fish Farmers
Association (MFFAM) Seminar
Penang
Organization Structure
Honorable Prime Minister of Malaysia
YAB Dato’ Seri Najib Tun Razak
International Advisory Panel
Implementation Council
Ministry of Science
Technology & Innovation
Ministry of Finance
Chairman
Federal Lands
Commisioner (JKPTG)
CEO
Board of Directors
BIOTECHCORP - The Agency
VISION
Position biotechnology as the new
economic engine to enhance
prosperity and wellness of the nation
by 2020 through Healthcare,
Industrial and Agriculture
biotechnology
Enhance R&D and Tech Acquisition,
Human Capital Development, Legal
and Financial Structure
MISSION
Innovation to create wealth by
utilising and advancing
biotechnology for socio-economic
benefits of the nation in
accordance with established
social and ethical norms
MALAYSIAN BIOTECHNOLOGY CORPORATION
• Established in 2005
• Primary Government Development Agency for
Malaysia’s biotech industry
• Identify value propositions in R&D and
commerce and support these ventures via
financial assistance and developmental
services.
BiotechCorp’s key mandates
• Act as a one-stop-centre
• Nurture and accelerate growth of Malaysian
biotechnology companies
• Create conducive environment for
biotechnology
• Actively promote FDI in biotechnology
BioNexus Status Incentives
BILL OF GUARANTEES
TAX HOLIDAY
INCENTIVES
FACILITATION SERVICES
ONE STOP CENTRE
List of Tax Incentives Available for BioNexus
Status Company
For BioNexus Status Companies:
1.Income tax exemption on statutory income for 10 years
or 5 years (expansion project)
2.Income tax exemption for qualifying capital expenditure
3.20% tax rate after tax exempt period
4.Double deduction on expenditure incurred for research & development
5.Double deduction on expenditure incurred for promotion of export
6.Import duty & sales tax exemption
7.Industrial Building Allowance
8.Stamp duty & real property gain tax exemption for merger
or acquisition
For Investors / shareholders:
9.Deduction for investment in BioNexus status companies
10.Tax exempt dividend income
FACILITATION SERVICES-One stop Centre
For BioNexus Status Companies:
1.BiotechCorp has various divisions and departments
eg: Financial transaction, Business Development, Government Liason,
Training, BioNexus Development Division, Immigration
2. Work with Economic Corridors such as ECER, NCIA, Iskandar (IRDA),
SCORE, SEDIA , Yayasan Sabah etc for incentives, funding, land etc.
3.Universities
For research collaborations, joint fund applications and capacity
building
4. Technology partnerships
eg. CMDV (Centre for Development and Validation)
5. Funding: Soft Loan
FOCUS AREA: AQUA/MARINE
BIOTECHNOLOGY
MAS/GENOMICS
Vaccines
Feed / Nutrition
Health
Diagnostic Kits
AQUA/MARINE
Fish
Breeding
Hatchery
Brackish
Cultivation
Crustaceans
Fish
Freshwater
Broodstock
Saltwater
Prawns
Crabs
Algae
Lobsters
Microalgae
Mollusc
Prawns
Macroalgae
Eligibility Criteria
Establish a separate legal entity for BioNexus qualifying business activities
Provider of Products or Services based on Life sciences or substantially
using life-science processes in production or agriculture
Possess capability and conducts research in thrust area and knowledge
worker employment
Complies with environmental and ethical laws and guidelines
BiotechCorp to be part of this ecosystem working
together with the various stakeholders (DOF, MOA,
Economic Corridors and the industry players,
NGOs) to ensure that the aquaculture industry
grows to ensure food security and sustainability
and with the highest standards of best aquaculture
practices
Thank You