
IMMIGRATION PROCEDURES

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SME Corp BAP 3.0 is 50% Matching Grant
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 given is 50% up to RM400,000
Please be informed that SME Corp BAP is open already and announced closing is due on
30th September 2021. First you need to apply for SME Status Certificate (latest 10 days). If you already have SME Status then you can apply online for M-Score and Grant (Open on Q2 2022 TBC) together.

Scope’s of grant:
RM400,000 of Grant covers:
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Machinery
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CRM/ Automation System/ Front-end and back-end System
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Retrofitting (Upgraded the process or production)
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Warehousing System
RM50,000 of Grant cover:
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Online application, Mobile E-commerce E-payment & ICT applications
RM200,000 of Grant Covers:
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Premise Renovation (for certification requirement only)
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Branding & Promotion
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Packaging & Product Packaging
Qualifying Condition:
Undergo SEM Status Certification
Fullfill SME Definition


Annual sales turnover exceeds RM300k per year
At least 60% local equity
Valid Business Premises Licenses from Local Authorities
At least 6 months in operations
Undergone or willing to undergo SCORE / MCORE assessment (Min 2 star to apply)
Priority Criteria:
A business taxpayer
A minimum paid-up capital of RM30,000.00
Cash at banks at least 20% of project value
Ratio of local workers: foreigner worker at least 70:30
Projects with high value added/ contribution to increased products
Open to projects implemented 180 days / 6 months date of online submission
50% of Total approved cost allowable to be disbur supplier.
PROCESSING FEE
* Processing fee of RM500 for SME
* Processing fee of RM300 for Micro total cost is allowed to be paid directly to the supplier.
(imposed after the applicationis approved)
APPLICATION OPENING MONTHS
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June 2021 (Closed)
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September 2021(Closed)
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Applications open on: Q3 2022 (TBC)