Incentives for the Aerospace Industry
Aerospace industry development was one of the strategic and high technology areas identified by the Government. It includes activities that directly and indirectly contribute to the Maintenance, Repair & Overhaul (MRO),Aero-Manufacturing, Systems Integration and Engineering & Design.
MIDA provides incentives in the form of income tax exemption or income tax exemption equivalent to Investment Tax Allowance (ITA) for a period of five or ten years to companies which have plans to undertake the following activities:-
i. Aerospace manufacturing;
ii. System integration;
iii. Maintenance, repair and overhaul (MRO);
iv. Aero related services