View source for Malaysian Investment Development Authority

{{Short description|Government agency}}
{{Infobox government agency
| name            = Malaysian Investment Development Authority
| native_name     = Lembaga Pembangunan Pelaburan Malaysia
| native_name_a   = (MIDA)
| native_name_r   = 
| type            = 
| seal            = 
| seal_width      = 
| seal_caption    = 
| logo            = MIDA logo.svg
| logo_width      = 150px
| logo_caption    = Malaysia Investment Development Authority
| image           = 
| image_size      = 
| image_caption   = 
| formed          = {{Start date and age|1967}}
| preceding1      = Federal Industrial Development Authority
| preceding2      = Malaysian Industrial Development Authority
| dissolved       = 
| superseding1    = 
| superseding2    = 
| jurisdiction    = [[File:Coat of arms of Malaysia.svg|20px]] [[Government of Malaysia]]
| headquarters    = MIDA Sentral, No.5, Jalan Stesen Sentral 5, Kuala Lumpur Sentral, 50470 Kuala Lumpur, Malaysia
| coordinates     = 
| motto           = Invest In Malaysia > Your Profit Centre In Asia
| employees       = 
| budget          = 
| minister1_name  = [[Tengku Zafrul Aziz]]
| minister1_pfo   = [[Minister of International Trade and Industry (Malaysia)|Minister of International Trade and Industry]]
| minister2_name  = 
| minister2_pfo   = 
| deputyminister1_name = [[Liew Chin Tong]]
| deputyminister1_pfo = Deputy Minister of International Trade and Industry
| deputyminister2_name = 
| deputyminister2_pfo = 
| chief1_name     = Tan Sri Dato' Seri Dr. Sulaiman Mahbob
| chief1_position = Chairman
| chief2_name     = Datuk Wira Arham Abdul Rahman
| chief2_position = Chief Executive Officer
| public_protector = 
| deputy          = 
| parent_department = [[Ministry of International Trade and Industry (Malaysia)|Ministry of International Trade and Industry]] (MITI)
| child1_agency   = InvestKL
| child2_agency   = Invest Selangor
| child3_agency   = Invest Perak
| child4_agency   = Invest Kedah
| child5_agency   = Invest Penang
| child6_agency   = Invest Melaka
| child7_agency   = Invest Johor
| child8_agency   = Invest NS
| child9_agency   = Invest Pahang
| keydocument1    = Malaysian Industrial Development Authority (Incorporation) Act 1965
| website         = {{URL|http://www.mida.gov.my/home/}}
| map             = 
| map_size        = 
| map_caption     = 
| footnotes       = 
| embed           = 
}}

The '''Malaysian Investment Development Authority''' ({{langx|ms|Lembaga Pembangunan Pelaburan Malaysia}}), abbreviated '''MIDA''', previously known as '''Malaysian Industrial Development Authority''' is the government's principal agency to oversee and drive [[investment]] into the [[Secondary sector of the economy|manufacturing]] and [[Tertiary sector of the economy|services sectors]] in [[Malaysia]]. Starting operations in 1967, MIDA was given the mandate to promote investments in the [[manufacturing]] and services sectors; and to advise the [[Ministry of International Trade and Industry (Malaysia)|Ministry of International Trade and Industry]] (MITI) on industry matters including the formulation of related policies.

MIDA assists companies which intend to invest in the [[Secondary sector of the economy|manufacturing]] and [[Tertiary sector of the economy|services sectors]], as well as facilitates the implementation of their projects. The wide range of services provided by MIDA include providing information on the opportunities for investments, as well as facilitating companies which are looking for [[joint venture]] partners.

==History==
MIDA was established in and incorporated by the Malaysian Industrial Development Authority (Incorporation) Act 1965. The Act was first known as the Federal Industrial Development Authority (FIDA) Act 1965. It became fully operational in 1967, and began establishing overseas offices in 1972.<ref name="kh">Abdullah, Mustaza & Hj. Yahya, MatMarjani (1991). ''Kemahiran Hidup Bersepadu TERAS'', p 110. Dewan Bahasa dan Pustaka. {{ISBN|983-62-2316-9}}.</ref><ref name="techno-preneur">[http://www.techno-preneur.net/bisnet/countries/malaysia13.htm "COUNTRY PROFILE OF MALAYSIA"] {{webarchive|url=https://web.archive.org/web/20060129105150/http://www.techno-preneur.net/bisnet/countries/malaysia13.htm |date=2006-01-29 }}. Retrieved 18 Feb. 2006.</ref>

==Functions==
Functions of MIDA:
*  to promote foreign and domestic investments in the [[Secondary sector of the economy|manufacturing]] and [[Tertiary sector of the economy|services sectors]]
*  to undertake planning for [[Industrialisation|industrial development]] in [[Malaysia]]
*  to recommend policies and strategies on industrial promotion and development to the Minister of International Trade and Industry
*  to evaluate applications for manufacturing licences and [[expatriate]] posts; tax incentives for [[Manufacturing|manufacturing activities]], [[tourism]], [[Research and development|R&D]], training institutions and [[software development]]; and on raw materials, components and machinery
*  to assist companies in the [[implementation]] and operation of their projects, and offer assistance through direct consultation and consultation and co-operation with the relevant authorities at both the federal and state levels
*  to facilitate the exchange of information and co-ordination among institutions engaged in or connected with industrial development;
*  to further enhance MIDA's role of assisting investors, senior representatives from key agencies are stationed at MIDA's headquarters in Kuala Lumpur to advise investors on government policies and procedures. These representatives include officials from the [[Ministry of Human Resources (Malaysia)|Ministry of Human Resources]], [[Immigration Department of Malaysia|Immigration Department]], Royal Customs Malaysia, Department of Environment, [[Tenaga Nasional|Tenaga Nasional Berhad]] and [[Telekom Malaysia|Telekom Malaysia Berhad.]]

In addition to its Headquarters, MIDA provides the following contact points for investors not based in [[Kuala Lumpur]], and overseas:

'''MIDA State Offices''':

*  [[Selangor]]
*  [[Perak]]
*  [[Penang|Pulau Pinang]]
*  [[Kedah]]
*  [[Terengganu]]
*  [[Kelantan]]
*  [[Pahang]]
*  [[Johor]]
*  [[Malacca|Melaka]]
*  [[Negeri Sembilan]]
*  [[Sabah]] 
*  [[Sarawak]]
 
'''MIDA Overseas Offices''':

''Asia and Asia Pacific''
*	[[Sydney]], [[Australia]]
*	[[Guangzhou]], [[China]]
*	[[Shanghai]], China
*	[[Mumbai]], [[India]]
*	[[Osaka]], [[Japan]]
*	[[Tokyo]], Japan
*	[[Seoul]], [[South Korea]]
*	[[Taipei]], [[Taiwan]]
*	[[Singapore]]

''America'' 
*	[[Chicago]]
*	[[Houston]]
*	[[Los Angeles]]
*	[[New York City|New York]]
*	[[San Jose, California|San Jose]]

''Europe''
*	[[Paris]], [[France]]
*	[[Frankfurt]], [[Germany]]
*	[[Munich]], [[Germany]]
*	[[Milan]], [[Italy]]
*	[[Stockholm]], [[Sweden]]
*	[[London]], [[United Kingdom|UK]]

''Middle East''
*	[[Dubai]], [[United Arab Emirates|UAE]]

===Incentives===
MIDA is able to offer various [[incentive]]s to attract foreign investment, including incentives for specific companies. Regionally, there are two levels of incentives: one for [[Kuala Lumpur]], [[Johor Bahru]], and [[Penang]], and another for the rest of the country. MIDA meets weekly on Thursdays to approve new investment applications, and proposed incentives; an official from the Finance Ministry sits in on the meetings to approve the proposed incentives on the spot. If the incentive cannot be approved immediately, it is passed to a higher official at the Ministry, who typically approves or rejects it within a week.<ref>Vietnam Development Forum (2006). [http://www.vdf.org.vn/WS/WS%202006/Malaysia%20trip/malaysia.doc "Industrial Policy Formulation of Malaysia"] {{webarchive|url=https://web.archive.org/web/20060626063510/http://www.vdf.org.vn/WS/WS%202006/Malaysia%20trip/malaysia.doc |date=2006-06-26 }}. Retrieved 18 Feb. 2006.</ref>

==Criticism==
MIDA has been criticised by one business periodical as being "preoccupied with internal bureaucratic concerns rather than the entrepreneur's needs" emphasising "rules and regulations, with less actual assistance to the [[entrepreneur]]." The same periodical claimed "the entrepreneur appears to have less of a role in the economy" in Malaysia.<ref>Dana, Leo-Paul (July 1987). [http://www.allbusiness.com/legal/laws/102680-1.html Industrial development efforts in Malaysia and Singapore]. ''Journal of Small Business Management''.</ref> However, the Foreign Investment Advisory Service of the [[World Bank]] has praised MIDA, saying it could be relied on "to provide practically all the approvals and clearances needed" and that "the involvement of MIDA on behalf of an investor effectively guaranteed approvals and permits to be forthcoming without difficulties".<ref>Sader, Frank (2000). [http://rru.worldbank.org/PapersLinks/Open.aspx?id=6356 "DO “ONE-STOP SHOPS” WORK?"] {{webarchive|url=http://arquivo.pt/wayback/20091222153637/http%3A//rru.worldbank.org/404.aspx?aspxerrorpath%3D/PapersLinks/Open.aspx |date=2009-12-22 }}. Retrieved 18 Feb. 2006.</ref>

==See also==
* [[Asset management in Malaysia]]
* [[Neurogine Sdn Bhd]]
==Notes and references==
<references/>

{{commons category}}
{{Federal Government of Malaysia}}
{{authority control}}

[[Category:Government agencies established in 1967]]
[[Category:1967 establishments in Malaysia]]
[[Category:Investment in Malaysia]]
[[Category:Federal ministries, departments and agencies of Malaysia]]
[[Category:Industrial development agencies]]
[[Category:Ministry of Investment, Trade and Industry (Malaysia)]]