Making A Great Industrial Park
Features of a Managed Industrial Park (MIP)
Flexibly Designed
Industrial Units
Defined Boundaries
Gated and Guarded
Shared-Use Facilities
Dedicated Park
Management
Business-Ready
Commercial Hub
Making A Great Industrial Park
Features of a Managed Industrial Park (MIP)
Flexibly Designed Industrial Units
Defined Boundaries
Gated and Guarded
Shared-Use Facilities
Dedicated Park Management
Business-Ready Commercial Hub
MIP Incentives
7 Incentives for Developer
- Special Land Premium Scheme
- Instalment on development charges at 0% interest
- 100% foreign ownership for vacant land and building, especially for Non-Bumiputera quota (non-strata development only)
- Exemption on quit rent for first year
- 50% remittance on assessment rate for unoccupied buildings & vacant land for first 2 years
- Long-term lease on reserved land for non-strata development
- Exemption for low-cost factory development
3 Incentives for Investor
- Fast track approval process
- 50% remittance on assessment rate for unoccupied buildings & vacant land for first 2 years
- Business license fee exemption (5 years)
Components of A Managed Industrial Park (MIP)
Physical
Amenities
Security
Utilities
Employee Accommodation
Management Services
Infrastructure
MIP Incentives
7 Incentives for Developer
- Special Land Premium Scheme
- Instalment on development charges at 0% interest
- 100% foreign ownership for vacant land and building, especially for Non-Bumiputera quota (non-strata development only)
- Exemption on quit rent for first year
- 50% remittance on assessment rate for unoccupied buildings & vacant land for first 2 years
- Long-term lease on reserved land for non-strata development
- Exemption for low-cost factory development
3 Incentives for Investor
- Fast track approval process
- 50% remittance on assessment rate for unoccupied buildings & vacant land for first 2 years
- Business license fee exemption (5 years)
Components of A Managed Industrial Park (MIP)
Physical
Amenities
Security
Utilities
Employee Accommodation
Management Services
Infrastructure
Managed Industrial Parks in Selangor
Managed Industrial Parks
in Selangor
