IMMIGRATION PROCEDURES
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List of Grant from Ministries or Agencies
The government of Malaysia under several ministries or agencies offered grants to the Malaysian and also Foreigners that looking forward to set up, expand, diversify and modernize their business in Malaysia. Below are the type of grant offered by ministries or agencies which we can give advisor on application.
INDUSTRY4WRD DISF
MIDA (Malaysian Investment Development Authority)
Type Of Grant:
Machinery, Software, R&D, Training, Certificate
Combine Maximum RM5Mil
Status :
Closed
Objective/Activity
Matching grant 50% of eligible amount up to RM 5 million (3 Years) as follows:
For training and R&D activities
To undertake outsourcing activities
To comply with international standards: and
For licensing / purchasing of technology
Manufacturing Sector:
Aerospace;
Medical Devices;
Pharmaceutical;
Advanced Electronics;
Machinery & Equipment
Other industries, on a case by case basis
Services Sector:
Design & Development
Research & Development
Testing / Calibration
Quality / Standard Certificate
Engineering Services
Technical & Skill Training
Logistic (3PL)
ICT for Automation
Integrated Green Technology Project.
Criteria
Incorporated under Companies Act 1965
New manufacturing/services with at least 60% Malaysian equity;
Existing companies with at least 60% Malaysian equity undertaking reinvestment (expansion, modernization, diversification);
Got manufacturing license unless services sector
HIGH IMPACT STRATEGIC FUND (HISF)
MIDA (Malaysian Investment Development Authority)
Type Of Grant:
Certificate, Training, Machinery, Software, R&D
Combine Maximum RM5Mil
Status :
Closed
For investment more than 100 million
1. For training and R&D activities
2. To undertake outsourcing activities
3. To comply with international standards: and
4. For licensing / purchasing of technology
Open for all Manufacturing And Service Sector. MIDA will see on Impact of Investment ROI and project potential.
Criteria
Incorporated under Companies Act 1965
New manufacturing/services OR existing companies undertaking reinvestment (expansion, modernization, diversification);
Have manufacturing license
Maximum RM10 million for each section unless services sector
BUSINESS ACCELERATOR PROGRAME (BAP 3.0)
SME Corporation Malaysia
Type Of Grant:
Machinery, Software, E-Commerce , Advertising
Maximum Grant RM400K
Status :
Opening Soon
Business Accelerator Programme (BAP 3.0) is an integrated assistance programme aimed to enhance the capabilities of small and medium enterprises (SMEs) through business advisory services and financial support. This programme supports a wide range of capability building initiatives to assist SMEs to grow and expand their businesses locally and globally. The grant riven is 50% up to RM400,000
Applicable to all sector
Scope’s of grant:
RM400,000 of Grant covers:
Acquisition of Machinery & Equipment (Productivity & Automation)
ICT Adoption & E-Commerce
ESG (Environment, Social & Governance) Adoption
Product Certification
RM50,000 of Grant cover:
Advertising & Promotion
Important note:
Applications can only be made via online**
It is compulsory to obtain SME Status Certification. Please apply here [click]
It is recommended to apply for SCORE [click] when applying for this
APPLICATION OPENING DATES
For information, new application for BAP 3.0 will Application is open from 4th March 2024 until 31st March 2024 OR until the applications reach the maximum allocated commitment (whichever comes first).
Application can only be made online through MyBPI system at https://mybpi.smecorp.gov.my
Criteria
At least 60% Malaysian equity
Fulfil SME definition
Business license from the Local Authority
At least 12 months in operations from the date of application and full time business operator
Has undergone or willing to undergo SCORE / M-CORE assessment (Min 2 star to apply)
NOT ELIGIBLE for Public Listed Companies in the Main Board / Secondary Markets / Large Firms, MNCs, GLCs, MoF Inc. & State Owned Enterprises Companies AND their subsidiaries.
Majority / common shareholders in 2 or more companies are only eligible to submit 1 application
Companies that have received BAP 3.0 grants in 2021 and 2022 are not eligible to apply
The same project that has been approved under any other SME Corp. Malaysia programmes is not eligible
Open to all economic sectors EXCEPT sectors related to primary agriculture, financial, insurance, real estate, and securities trading sectors (priority will be given to high growth industries)
Annual sales turnover exceeds RM300,000 per year
A business taxpayer
A minimum paid-up capital of RM30,000.00
Cash at banks at least 30% from total project cost
Ratio of local workers: foreigner worker at least 70:30
Projects with high value added/ contribution to increased products
Maximum project duration of 12 months & open to projects that have been implemented since 1 June 2023
Summary of the qualifying criteria
Manufacturing: Sales turnover not exceeding RM50 Million or full-time employees not exceeding 200 workers.
Services and other sectors: Sales turnover not exceeding RM20 Million or full-time employees not exceeding 75 workers.
Scope’s of grant:
Mix and match RM400,000 of Grant
Project Scope
Acquisition of Machinery & Equipment (Productivity & Automation)
ICT Adoption & E-Commerce
ESG (Environment, Social & Governance) Adoption
Product Certification
Advertising & Promotion (limited to RM50,000 only)
Processing Fees
RM500 for application processing (charged upon submission of application)
RM300 for appeal processing (if applicable)
MDEC SAG (Smart Automation Grant)
MDEC (Malaysia Digital Economy Corporation (MDEC) Sdn Bhd)
Type Of Grant:
Digitalization, Software
Maximum Grant RM200,000
Status :
Opening Soon
Introduction
A critical part of Pelan Jana Semula Ekonomi Negara (PENJANA), the SMART Automation Grant (SAG) is a matching grant for services companies.
SMEs and mid- tier companies in the services sector are now able to kickstart their digital adoption journey and increase their digital capabilities to continue striving forward in this new norm.
Objectives
This is a specific matching grant for services companies that will help them automate their business processes and move towards digitalisation.
The grant will be used solely for the purpose of kickstarting the development and implementation of projects that push the adoption of technologies to automate business operations.
Financing amount (max)
Each successful application will receive up to 50% of the total project cost, subject to a ceiling limit up to RM200,000 or, whichever is the lowest, through this matching grant.
EXPECTED PROJECT OUTCOMES
This matching grant is intended to assist services companies embarking on automation to achieve one of these outcomes:
Increase in revenue
Savings in business cost
Reduction of process time cycle
Reduce man hours
Create new sources of growth
Purpose of Financing
SAG is matching grant for services companies to automate their business processes and move towards digitalisation.
The eligible expenses are the approved project costs that are critical to the project success.
Expenses include:
Cost of IT Hardware or IT equipment
Cost of Software associated
License fee
Process redesign
Testing and certification costs associated with the development of the project.
Training costs associated to the project
Eligibility criteria
Incorporated in Malaysia under the Companies Act 1965 or the Companies Act 2016.
Has an issued and paid up capital of at least RM50,000
Has a minimum of 51% equity held by Malaysian(s)
Not be the subject of a liquidation / winding up order
Has no going concern issue and/or not dormant and
Has entered into a written contract or a committed arrangement technology partner for the development and implementation of the project
If previously has received any MDEC/government grant, the applicant must demonstrate the completion and success of the funded projects
Application procedure
This matching grant can be applied through:
Specific digitalisation programmes under MDEC’s Business Digital Adoption Division; or
Direct online Application
SME BUSINESS DIGITALIZATION
MDEC (Malaysia Digital Economy Corporation (MDEC) Sdn Bhd)
Type Of Grant:
Digitalization, Software
Maximum Grant RM5k
Status :
Closed
Objective/Activity
The favourable provisions for digital adoption set out in the 2020 Budget denotes the government is actively encouraging more local businesses to move rapidly into the technology sphere.
The Government will provide a 50% matching grant of up to RM5,000 per company for the subscription of the above services. This matching grant will be worth RM500 million over 5 years, limited to the first 100,000 SMEs applying to digitalise their business operation..
Great deals on digital solutions from a wide list of panels listed by MDEC
Eligibility
Available to SME and Cooperative (“Koperasi”) registered under the relevant laws of Malaysia
Owned by at least 60% of Malaysian
Operating for at least six (6) months
Has minimum average annual sales turnover of RM50,000
Must not received previous Digitalization Matching Grants
Must be registered with SSM, PBT and SKM
SSM - Companies Commission of Malaysia PBT - Local Authorities SKM - Malaysia Co-operative Societies Commission
Wide range of digitalisation areas:
Electronic Point of Sale System (e-POS)
Human Resource Payroll System (HR) / Customer Relationship Management (CRM)
Digital Marketing / Sales
Procurement
Enterprise Resource Planning (ERP) / Accounting & Taxation
Remote Working
e-Commerce
Required Document
Identification: Copy of identity card or passport of director(s) / partner(s) / proprietor(s), whichever is applicable.
Business License: Business registration documents / SSM business profile / SKM registration docs.
Financial Document: Latest audited accounts, management accounts, or latest two-month bank statements.
Invoice: Invoice / quotation issued by Digitalization Partners.