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i.  Must fall within definition of SME companies

*The new guideline on all sectors for SMEs issued by SME Corp. Malaysia and endorsed by the National SME Development Council defined companies with the following definition:
  • Sales turnover not exceeding RM20.0 Million only or having full-time employees from 30 to not exceeding 75 workers for services and other sectors
  • Sales turnover from RM15 million to not exceeding RM50 million or having full-time employees from 75 to not exceeding 200 workers for manufacturing sector
ii. Start-up Malaysian owned and controlled private limited companies under the Companies Act 1965 and or companies Act 2016, Sole Proprietorship or Partnership
iii. Application for viable business - minimum of six (6) in operation