Iskandar Regional Development Authority (IRDA):

The Iskandar Regional Development Authority (IRDA) is a statutory body established to facilitate and promote the development of Iskandar Malaysia. It operates under the jurisdiction of the Malaysian government, focusing on transforming the region into a sustainable metropolis of international standing. IRDA works closely with government agencies, local authorities, and private stakeholders to ensure the region’s economic growth, infrastructure development, and investment appeal.

Key Features of Iskandar Malaysia Under IRDA’s Oversight

Strategic Location & Size:

Iskandar Malaysia spans a generous area strategically located in the southern part of Johor, directly accessible to Singapore, enhancing cross-border trade and economic opportunities.

Infrastructure & Resources:

The region boasts well-developed infrastructure, abundant natural resources, and well-established connectivity, making it a preferred hub for investors.

Administrative Coverage:

Iskandar Malaysia includes areas governed by several city councils and local authorities:

Majlis Bandaraya Johor Bahru (MBJB): Covers Johor Bahru’s central city areas.
Majlis Bandaraya Iskandar Puteri (MBIP): Focuses on the rapidly developing Iskandar Puteri area, home to government complexes and commercial hubs.
Majlis Bandaraya Pasir Gudang (MBPG): Encompasses the industrial and logistics heart of the region.
Majlis Perbandaran Kulai (MPK): Covers Kulai, a growing residential and industrial zone.
Majlis Perbandaran Pontian (MPPn): Includes selected localities supporting agricultural and small-town developments.

Business Registration Requirements for Operating in Iskandar Malaysia

Companies intending to operate in Iskandar Malaysia must comply with one of the following registration requirements to ensure lawful operation under IRDA’s framework:

Companies Commission of Malaysia (SSM):

Businesses must be registered under the Companies Act 1965, ensuring compliance with the national regulatory framework for business entities.

Registry of Societies Malaysia (ROS):

Organizations must register under the Organisation Act 1996, primarily for non-profit entities or societies operating within Malaysia.

Associations/Cooperatives:

Entities categorized as associations or cooperatives must register under relevant Malaysian laws. This ensures legal recognition and adherence to regulatory requirements.

Significance of Registering with IRDA

Registration and compliance with IRDA guidelines offer businesses numerous advantages:

Incentives: Access to government-backed incentives for investments in Iskandar Malaysia.

Support Services: Guidance on approvals, permits, and infrastructure development.

Strategic Growth Opportunities: Benefit from Iskandar Malaysia’s growth as a regional economic hub, supported by IRDA’s comprehensive development strategies.

IRDA acts as the gateway for businesses seeking to tap into the vast opportunities presented by Iskandar Malaysia, ensuring a seamless process for setup and expansion while promoting sustainable regional development.

Minimum paid-up capital