MIDA’s one-stop centre eases entry permission for companies and business travellers with RM121.37b investment value
13 Oct 2021
The Malaysian Investment Development Authority (MIDA), through its one-year-old One Stop Centre (OSC) for Business Travellers, has facilitated 822 companies and 2,121 short-term business travellers (STBT) with a total investment value of RM121.37 billion.
MIDA deputy chief executive officer Sivasuriyamoorthy Sundara Raja said the centre, which was established on Oct 2 last year, had eased the entry application process and the movement of business travellers in Malaysia.
“The OSC is a game changer for new investors to conduct new business activities and existing ones to expand or diversify their existing operations,” he said in his welcome remarks at a webinar on the OSC for Business Travellers.
The three-day webinar aims to create awareness of the OSC programme to ease the movement of STBTs by expediting the approvals for their entry into Malaysia.
According to him, MIDA would continue to welcome investors to do business in Malaysia amid the pandemic, and Malaysia remains steady on the path to economic recovery and growth while balancing between public health and livelihoods.
Meanwhile, senior deputy director (talent division) Afidah Mastor said from 2,822 evaluations for STBTs, 2,121 (75%) had been approved, while 580 (21%) were rejected and 121 (4%) were still pending.
“For long-term business travellers, MIDA has evaluated 18,659 travellers and 90.8% have been approved, while 9.2% have been rejected,” she said.
Afidah said the top six countries whose business travellers had applied under the programme were Germany, Japan, the US, Indonesia, China and South Korea.