Anwar rolls out Asean Business Entity status in Budget 2026, Investor Pass to lure big investors

KUALA LUMPUR, Oct 10 — Prime Minister Datuk Seri Anwar Ibrahim today announced a series of measures to make it easier for investors to do business in Malaysia, as part of the government’s efforts 

He said this is part of the government’s effort to attract more strategic investments amid an increasingly challenging global economic outlook.

First, Anwar said the government will introduce the Asean Business Entity (ABE) status, coordinated by the Securities Commission (SC). 

“This will be granted to public listed companies with a strong market presence across Asean and to mid-sized companies with potential for regional expansion. 

“The ABE status will facilitate the movement of skilled talent and support the growth of Malaysian companies within Asean,” he said.

Second is the Investor Pass, spearheaded by the Malaysian Investment Development Authority (Mida).

“It provides a Multiple Entry Visa valid for up to 12 months for foreign investors. Mida will take a more proactive role — not merely waiting for applications but offering the Investor Pass to multinational corporations and prospective investors in key sectors such as electrical and electronics (E&E),” he said.

Anwar said that the Residence Pass–Talent Fast Track programme will continue next year to ensure that talents brought in by strategic investors are processed swiftly and efficiently, including by waiving the three-year Employment Pass requirement.

He also said the Single Family Office Incentive Scheme, gazetted for the Forest City Special Financial Zone, has recorded significant success with six Family Offices approved, managing assets under management (AUM) of nearly RM400 million in less than a year. 

“Another 30 Family Offices have expressed interest, putting Malaysia on track to achieve RM2 billion in AUM by the end of 2026,” he added.

Anwar said the Outcome-Based Incentive Framework’s full implementation for the manufacturing sector to begin in the first quarter of 2026, followed by the services sector in the second quarter.