BEF 2018-01-17T17:58:31+00:00

Business Expansion Fund

Funding of Business Expansion

BEF Introduction

The Business Expansion Fund (BEF) is to accelerate the expansion of Bumiputera technology-based companies, especially in developing international markets, by providing financial assistance to qualified companies. It aims to create a group of icons of internationally successful Bumiputera companies.

“If you are a technology-based Bumiputera company plans to expand your business locally or internationally, our dedicated team can assist you with the financing requirement”

– Shaharul’Azam Salleh, Senior Vice President

Eligibility Criteria

  • Direct shareholdings of at least 60% Bumiputera individual(s) and not more than 30% corporate shareholders;

    or

    Indirect shareholdings of at least 51% effective Bumiputera individual shareholdings which applies up to second level shareholdings only

  • The company must be at least 51% Malaysian-owned

  • Registered a revenue of RM5 million (at least 1 of the last 3 audited accounts) from normal operation

  • Has been in operation for at least years 3 years

  • Company with element of technology

  • Expanding locally or internationally

  • RM10 million for local expansion

  • RM15 million for international expansion

  • Purchase of equipment

  • Working capital expenses

  • Overhead cost of not more than 30% from total fund utilisation

  • Cost of technology

  • Intellectual property and standards compliance

  • Marketing and promotion

  • Not eligible for purchase of land and building

  • Equity financing in the form of Redeemable Convertible Preference Shares (RCPS)

Interested to expand your business further?

APPLY NOW
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