Services Export Fund (SEF)
SERVICES EXPORT FUND
INTRODUCTION
• The Services Export Fund (SEF) is a scheme to provide assistance to Malaysian Service Providers (MSPs) to undertake activities to expand and venture into the international market.
• The objectives of SEF are:
i. To increase the competitiveness of Malaysian Services providers (MSPs) abroad;
ii. To increase accessibility and expand export of MSPs in the global market; and
iii. To expand the scope for export promotion to gain market access and export opportunities of services.
• All services sectors are eligible to apply except tourism and financial sectors.
• The assistance is extended in the form of reimbursable grant and soft loan. The grant and soft loan disbursed is according to the maximum amount of each activity and up to a total of RM5 million per company for the duration of the period 2015 – 2020.
Eligible Activity
A. Grant
| ACTIVITY | DESCRIPTION | AMOUNT |
| Activity 1 | (a) promoting Malaysian expertise in services at international events overseas as speaker in conferences, forums and participating in services industry related competitions.
(b) travelling expenses for tender bidding. (c) Procuring commercial intelligence / market reports for assessing business opportunity or projects overseas. |
100% reimbursable grant for eligible expenses incurred up to a maximum of RM50,000 per company. |
| Activity 2 | (a) rendering services for projects undertaken overseas.
(b) presentation to potential clients for assessing business and projects overseas. (c) preparation of prototype, system customisation and localisation to meet projects requirements. |
50% reimbursable grant for eligible expenses incurred up to a maximum of RM50,000 per company. |
| Activity 3 | Initial Cost of Setting up Office Overseas. | 50% reimbursable grant for eligible expenses incurred in the initial twelve (12) months for the setting up of office overseas, up to a maximum of RM150,000 per company (whichever is earlier). |
| Activity 4 | Logistic cost of sending Malaysian products, equipment or merchandising for project abroad undertaken by Malaysian services companies. | 50% reimbursable grant for eligible expenses incurred up to a maximum of RM1 million per company. |
| Activity 5 | Grant for conducting feasibility study for specific international project overseas. | 50% reimbursable grant for eligible expenses incurred up to a maximum of RM3 million per company. |
B. Soft Loan
| ACTIVITY | DESCRIPTION | AMOUNT |
| Activity 6 | Costs incurred in preparation and submission of project proposals for overseas projects.
Financing to assist MSPs in proposing and planning for overseas’s project negotiations. Example of eligible activities are:
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| Activity 7 | Expenses related to raising bank guarantee or performance bond to execute overseas project.
Examples of eligible expenses are interest rate, legal fees, documentation fees and bank insurance, excluding the principal value of the said bank guarantee of performance bond. |
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For further information on Services Export Fund, please contact:-
Malaysia External Trade Development Corporation (MATRADE) 8th Floor, Menara MATRADE Jalan Sultan Haji Ahmad Shah Off Jalan Tunku Abdul Halim 50480 Kuala Lumpur MALAYSIA Tel: 603-6207 7593 Email: sef@matrade.gov.my Website: www.matrade.gov.my/en/malaysian-exporters/services-for-exporters/exporters-development/exports-assistance