The scheme is to provide a matching grant to assist Small and Medium Enterprises (SMEs) undertake promotion activities for the development of export markets.
Eligible SMEs
To qualify for the Market Development Grant (MDG), Small and Medium Enterprises (SMEs) must be:
- Incorporated under the Companies Act 1965
- For professional services (such as accountants, engineers and architects), partnerships and sole proprietors are also eligible
- At least 60% equity held by Malaysians
- For manufacturing and agricultural sector, having an annual sales turnover not exceeding RM 25 million (based on the latest financial report) or not more than 150 full-time employees
- For services sector, having an annual sales turnover not exceeding RM 5 million (based on the latest financial report) or not more than 50 full-time employees. (Financial service, tourism sector and property development are not eligible for MDG)
- For trading companies that meet the following additional conditions:
- Having annual sales turnover of at least RM 10 million or export sales of at least RM3 million. (Women owned enterprise are exempted from this condition), and
- Exporting Made In Malaysia products especially those manufactured by SMEs, and
- Not more than 20% of the company's annual sales is derived from trading in primary commodities. For description of primary commodities, please refer to Annex A of MDG Application form.
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