Application Criteria – BEF 2017-03-27T09:39:17+00:00

Application Criteria

Basic eligibility criteria:

  • The company is incorporated under the Companies Act 1965.
  • The company must be at least 60% owned by Bumiputera at the time of application. Corporate equity ownership in the company must not exceed 30%.
  • For companies with 100% corporate ownership, the effective Bumiputera equity in the holding company must be at least 51%.
  • Bumiputera equity ownership must be held for a period of 6 years from the execution of Fund Agreement, if the BEF application is approved.
  • The company must be Small and Medium Enterprises (SME) as per the latest guideline of SME definition by National SME Development Council.
  • The proposed project must emphasis on the expansion of the company’s business operation.
  • The proposed project for expansion must be technology based manufacturing/service sector from any of the following Priority Technology Clusters:-
    • Biotechnology
    • Green Technology
    • Oil and Gas
    • Electrical and Electronics
    • Information and Communication Technology (ICT)
    • Nanotechnology
    • Food Technology
    • Advanced Material
    • Advanced Manufacturing
    • Alternative Renewable Technology
  • The company’s latest revenue, as per the latest audited account, must be at least RM 5 million.
  • The company must show minimum three years profitability within the past five years of operation, as per audited account.
  • The company’s gearing ratio (Debt to Equity) must not exceed 5 times post-BEF financing.