01294
Growing of nipa palm
This activity involves the cultivation of nipa palm, a type of palm tree that thrives in coastal and swampy areas. The primary purpose of growing nipa palm is for the production of its sap, which can be processed into various products such as vinegar and sugar.
Open to foreigners
Open to 100% foreign ownership under standard Malaysian policy.
- Foreign equity
- 100%
- Capital floor
- None
- Setup timeline
- 8–12 wk
Fully open
Standard Sdn Bhd RM 1
Foreign Sdn Bhd via Emerhub
Set up for this MSICOne-business-day quote · MSIC 01294 pre-filled
For SSM registration
Activity details
SST & Withholding Tax
SST Exempt
e-Invoice Required
Risk Level
Low Risk
e-Invoicing (MyInvois)
MSIC code 01294 is required when issuing e-invoices via LHDN MyInvois. Use this code in the Classification field of your e-invoice.