Entrepreneur Development


Talent Development

BioNexus Status

BioNexus Status is a special status awarded to qualified companies undertaking biotechnology activities. BioNexus Status companies are eligible for fiscal incentives, funding, and other guarantees to increase their growth, including investment facilitation and advisory services. Apart from the overall benefits and support, BioNexus Status companies are assured a list of privileges as stipulated in the BioNexus Status Bill of Guarantees.

BioNexus Status

Bill of Guarantees


Freedom of ownership


Freedom to source funds globally subject to prevailing Government’s policies


Freedom to bring in knowledge workers subject to prevailing Government’s policies


Eligibility for BioNexus Status incentives


Facilitation of international accreditation and standards


Access to BioNexus Partners Program (BNP) for shared laboratories and other related facilities

Tax incentives


Income tax exemption on non-IP income (100% income tax exemption on statutory income):


Investment Tax Allowance (ITA) of 100% on qualifying capital expenditure (QCE) incurred within a period of five (5) years from the date the first (1st) QCE is incurred. This allowance can be off-set against a maximum of 70% of statutory income from a new business or expansion project.
Concessionary tax rate of 20% on statutory income from non-IP of approved QA, for a period of ten (10) consecutive years of assessment upon the expiry of the income tax exemption.
Tax deduction equivalent to the total investment made at the initiation of commercialisation stage by a company or an individual (that carries out the business), for financing the activity in a BioNexus Status company.
Industrial Building Allowance (IBA) on qualifying expenditure used solely for the purpose of a new business or expansion project for a period of ten (10) years of assessment.
Exemption of import duty and sales tax on imported raw materials/components and machinery and equipment.
Double deduction on expenditure incurred for R&D.
Double deduction on expenditure incurred for the promotion of exports.

Eligibility Criteria

The following criteria must be met by a company wishing to apply for the BioNexus Status:

How to Apply?

BioNexus Status companies can operate, anywhere in Malaysia with greater flexibility and agility with our flexible and agile incentives.

Step 2

Register your interest on this BioNexus Status Interest Form.

Step 3
After Bioeconomy Corporation has been notified, assistance and guidance will be provided.
Step 5
Submit the completed form to:

Evaluation Unit
Malaysian Bioeconomy Development Corporation Sdn Bhd
Ground Floor, Menara Z10,
Jalan Alamanda 2, Presint 1,
62000 Wilayah Persekutuan,
Putrajaya, Malaysia.

Please note that a non-refundable application fee amounting to Ringgit Malaysia two thousand (RM 2,000) only via online payment made payable to MALAYSIAN BIOECONOMY DEVELOPMENT CORPORATION SDN BHD. The proof of payment must be submitted together with the completed BioNexus Status Application form.

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