Government Grants & Incentives
in Malaysia
Every year, the Malaysian government allocates millions of Ringgit to support businesses under a variety of programmes. We help you identify and qualify for the right ones to secure long-term success.
That’s right. With us, you CAN take things for granted!
Benefits of Business Grants
The number one question everyone asks: "Why should I get a grant?"
Zero-Risk Funds
Financial Security
Domino Effect
Spotlights Business
Applicable Grants by the Malaysian Government:
| Name | Type | Claimable expenses |
|---|---|---|
| eTrade | Grant | maximum RM25,000 |
| Market Development Grant | Grant | maximum RM300,000 |
| Greater KL Live Lab | Grant | maximum RM70,000 |
| Young Agroprenuer Grant (GAM) | Grant | maximum RM20,000 |
| CIP SPARK | Conditional grant | up to RM150,000 |
| CIP SPRINT | Conditional grant | up to RM600,000 |
| Change Upgrade Product (CUP) | Matching grant | maximum RM60,000 |
| Service Export Fund (SEF) | Grant/ Matching Grant | up to RM1.3 million |
| Gamelan 2022 | Matching Grant | up to RM200,000 |
| National Technology & Innovation Sandbox Fund | Grant/ Matching Grant | maximum RM4 million |
| Industry4ward | Matching Grant | maximum RM500,000 |
| High Impact Product (HIP) | Matching Grant | maximum RM200,000 |
| Change Upgrade Product | Matching Grant | maximum RM60,000 |
| Semarak Niaga – Low Carbon Transition Facility | Matching grant/loan | up to RM10 million |
| Business Accelerator Programme (BAP 4.0) | Matching Grant | maximum RM400,000 |
| Malaysia Grand Challenge | Matching Grant | maximum RM15 million |
| SME LOAN | Soft Loan | maximum RM500,000 |
| SME Automation And Digitalisation Facility (ADF) | Loan | maximum RM3 million |
| Micro Credit Scheme | Loan | maximum RM500,000 |
| Business Accelerator Program (BAP) Soft Loan | Soft Loan | maximum RM1 million |
| Halal Technology Development Fund | Loan | maximum RM4 million |
| Business Growth Fund | Loan | maximum RM10 million |
| Business Start-up Fund | Loan | maximum RM5 million |
| KONTRAK-I Financing Scheme | Loan | maximum RM100,000 |
| TEMANNITA Financing Scheme | Loan | maximum RM10,000 |
| Rural Economy Funding Scheme (SPED) | Loan | maximum RM200,000 |
| Special Business Financing Scheme for Women (DanaNITA) | Loan | maximum RM150,000 |
| Industry Value Chain Development Programme – (PRiN) | Loan | maximum RM1 million |
| Express Contract Financing Scheme (SPiKE)/SPiKE GLC | Loan | maximum RM1 million |
| Financing Scheme for Persons with Disabilities (OKU) | Loan | maximum RM50,000 |
| Financing Scheme for IPMA Graduates (SEMAi) | Loan | maximum RM50,000 |
| Technology Entrepreneur Financing Scheme (SPiM Tekno) | Loan | maximum RM500,000 |
| Kampung Baru Cina Financing (PKBC) | Loan | maximum RM50,000 |
| Low Carbon Transition Facility (LCTF) | Loan | maximum RM10 million |
| All Economic Sector (AES) Facility | Loan | maximum RM5 million |
| Youth / MARA Educational Institution Graduate Entrepreneur Programme (PUTRA) | Loan | maximum RM10,000 |
| BSN Micro/I Semarak | Loan | maximum RM50,000 |
| Disaster Relief Facility (DRF) 2022 | Loan | up to RM700,000 |
| Rural Economy Funding Scheme (SPED) | Loan | up to RM20,000 |
| Soft Financing Scheme for Automation & Modernisation (SFSAM) | Loan | up to RM20 million |
| Business Recapitalisation Facility (BRF) | Loan | up to RM5 million |
| Kampung Baru Cina Financing (PKBC) | Loan | up to RM50,000 |
| i-Tekad Programme | Loan | up to RM50,000 |
| Jumpstart Financing Scheme | Loan | maximum RM500,000 |
| MARA Integrated Smart Auto (MISA) | Loan | maximum RM1 million |
| Indian Community Entrepreneur Development Scheme (SPUMI) | Loan | up to RM100,000 |
| Professional Financing Scheme (ProSPEC) | Loan | up to RM500,000 |
| Micro Enterprises Facility (MEF) | Loan | up to RM50,000 |
| SME Revitalisation Financing (SMERF) | Loan | up to RM250,000 |
| Soft Financing Scheme for SMEs (SFSME) | Loan | up to RM5 million |
| Soft Financing Scheme for Digital & Technology (SFDT) | Loan | up to RM1 million |
| PEMULIH Government Guarantee Scheme (PGGS) – SJPP) | Loan | up to RM50 million |
| Business In Transformation (PERNAS) | Loan | up to RM500k (Pre-Franchisor) and up to RM25k (Pre- Franchisee) |
| Mobile Business Financing Scheme (Mobile Business/Karavan) | Loan | maximum RM500,000 |
| Technical Entrepreneur Development Program (PUTEK) | Loan | maximum RM500,000 |
| MARA Entrepreneur Guarantee Scheme (SJUM) | Loan | maximum RM2million |
| Malaysian Chinese Women Entrepreneur Foundation | Loan | maximum RM30,000 |
The NUMBER ONE mistake business owners make:
Only applying for a grant when they are desperate for immediate funds!
By then, there’s a good chance it’s too late.
Don’t wait for a life or death situation before taking action.
MISHU finds and secures the best grants for your business
We’ve partnered with Jom Earn Global, Malaysia’s leading online government funding application platform to match businesses across all sizes and industries with the perfect funding schemes. Start-ups, small or medium-sized businesses, we got you.
Get in touch and our team will get to work!
Frequently Asked Questions
Do I need to repay the grants?
Nope! You don’t need to repay the grants. Just be sure you spend it on its intended purpose!
Are grants and loans the same?
As the bank will be happy to inform you, loans must be repaid, often with interest.
Is it hard to apply for grants?
Yes and no. While the process is open to all, it can be very time-consuming and detail-oriented, requiring an extensive amount of documentation about your business before you can even be considered.
How long does it take to get money from government grants?
Once you are approved for a grant, a date will be arranged for the fund transfer. However, expect it to take several months for the application to be approved.
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FAQs
Frequently Asked Questions
What is a company secretary?
A company secretary is an officer of a company (well, not the one you treat as your PA in the office). Under Malaysian law, every company must appoint a company secretary – it is compulsory, not an option. A company secretary has a huge responsibility to ensure the company’s paperwork is in order, filed on time and advise the board to always stay in compliance with statutory and regulatory requirements.
Why outsource company secretarial services?
Only really big companies will have an in-house company secretary as their employee. Most SMEs in Malaysia outsource and appoint an external company secretary. This way they can save on salary and associated taxes and employee benefits.
Can I appoint another company secretary if I am not too happy with my current one?
Yes, of course. There should not be any minimum lock-in period because the law allows the board to appoint a new company secretary at any time. MISHU was created to provide transparent, efficient and innovative company secretary services. Switch to us if you like what we do here!
Is company secretary a director of the company also?
No, these are two different roles in the company. However, if the same person wants to be both, this is allowed under the Malaysian law, provided the company has more than 1 director.
What documents does a company secretary prepare?
To put it simply, whenever there is a change in director, auditor, shareholder, company secretary, share capital or the name of the company, you need to notify your company secretary to effect the change. The company secretary will prepare the necessary resolutions and forms and update SSM of such change. The company secretary will also keep register books and prepare minutes and official correspondences.
Can I get all my professional services done by a company secretary?
We all know how lucky it is if a company secretary can multi-task and do everything under the sun! Unfortunately, a company secretary can only do so much. Please do not treat your company secretary as your lawyer, accountant, tax advisor or even your PA. These are all different roles and should be performed by your respective professionals.
Duties & Responsibilities
as a Company Secretary
Every company must appoint a company secretary under Malaysian law. But do you know what does a company secretary do? Let us tell you his/her duties and responsibilities:
1. Updating the company’s statutory information
The company secretary must ensure that any change in the statutory information below should be duly completed in the relevant prescribed forms and lodged with the SSM within the required period of time:
- Removal of officers from office
- Disqualification from holding office
- Appointments/resignations/deaths
- Annual return
- Change of company name
- Adoption, alteration and revocation of constitution
- Issue, splitting, transfer of shares
- Any other changes that require notification with SSM
2. Reminding you on important dates
The company secretary should advise the board of directors of the relevant dates for holding the company’s annual general meeting, filing annual return, submitting financial statement.
3. Handling company’s board, general and extraordinary general meetings
The company secretary’s role is purely administrative which includes the following:
- Arranging and liaising with the chairman and/or managing director for agenda papers and items for the agenda
- Providing general advice on matters relating to company secretarial matters
- Booking and preparing the meeting room
- Attending and taking down minutes of the meeting
- Maintaining minute books
- Following up on decisions made
- Playing an advisory role to the chairman and the board of directors
- Lodging statutory returns as appropriate
- Certifying copies of minutes
- Ensuring that correct meeting procedures are followed
4. Compliance with company constitution
The company secretary must ensure that the company complies with its constitution and drafting/incorporating amendments in accordance with correct procedures.
5. Maintaining share registration and safe custody of documents
The company secretary has a duty to maintain the company’s register of members, deal with transfer of shares and other matters relating to shareholding. He usually also keep in safe custody of the company seal and original share certificates.
6. Coordinating with shareholders
The company secretary maintains constant communication and acts as a link between the company and shareholders through circular resolutions, issues documents regarding rights issues and capitalisation issues, monitor changes within the register of members to identify potential takeover bid, make enquiries about the ultimate beneficial ownership of shareholdings, general shareholder relations, etc.
7. Advising corporate governance
The company secretary must keep himself abreast with the latest development of the company and securities laws so that he can always advise the board on proper corporate governance matters, assist directors with respect to their duties and responsibilities, compliance with company and securities laws and Bursa Malaysia Listing Requirements (for public listed companies).
8. Acting as an officer of the company and advisor to the Board
The company secretary is the primary point of contact between shareholders and directors, and between company and SSM. He also plays a key role in the event of a corporate exercise (merger, acquisition, disposal, winding up) where he has a duty to ensure the effectiveness of all documentation, ensuring due diligence disclosures, enabling proper commercial evaluation prior to completion of a transaction and timely execution of documentation, etc.
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