Malaysian Investment Development Authority (MIDA) has published new Guidelines for Principal Hub Incentive 3.0. The new Guidelines are effective for applications received by MIDA from 1 January 2021 until 31 December 2022. Principal Hub (PH) 3.0 is similar to PH 2.0, although there are a few changes. Eligibility Criteria As provided in the new guidelines, the general eligibility criteria for the PH 3.0 include that the applicant company: Is locally incorporated under the Companies Act 2016 and resident in Malaysia; Has paid-up capital of more than MYR 2.5 million; and Serves/controls a minimum number of network companies, which are defined...