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eTRADE offers RM1,000 voucher to sell in international e-marketplaces

April 08, 2015 CK Wong Category : , , , , , , ,



Have you heard of eTRADE? It is a project under the Digital Malaysia initiative to increase SMEs adoption in e-commerce via participation in international leading e-marketplaces.

If you are eligible, you will be allocated RM1,000 e-voucher for you to sell in approved e-marketplace, besides getting other perks.

The main objective of this program is to encourage export, so you have to participate in international e-marketplace to qualify, not the local online marketplaces.

According to our findings, the only approved international e-marketplace is Alibaba, and we will update here if and when MATRADE adds new e-marketplace into the list.


What does eTRADE offer?



 Through this initiative, the qualified SMEs will be provided with e-Voucher worth RM1,000, as part of subscription fee, to be redeemed from the selected e-marketplace approved by MATRADE,

 Each SME shall only be entitled to a maximum of one (1) eTRADE e-Voucher throughout the tenure of the eTRADE programme.

 The e-Voucher shall only be redeemed by the successful SMEs and non-transferable.


What is the eligibility criteria?


 Small and Medium Enterprises (SMEs)*;

 At least 60% Malaysian equity;

 Incorporated under the Companies Act 1965;

 Exporting made in Malaysia products and/or services;

 Registered with MATRADE under the Malaysia Exporters Registry (MER);

 Minimum Rating of 3 Star under SME Competitiveness Rating for Enhancement (SCORE), OR Export Ready as qualified by MATRADE’s Readiness Assessment, OR Currently Exporting

* Note: SMEs must be active business entities

1. For Manufacturing (including agro-based):

i. Annual sales turnover not exceeding RM50 million (based on the latest Audited Financial Statement) OR
ii. Full-time employees not exceeding 200 (based on the latest EPF Statement)

2. For Trading:

i. Annual sales turnover not exceeding RM20 million (based on the latest Audited Financial Statement) OR
ii. Full-time employees not exceeding 75 (based on the latest EPF Statement)

3. For Services (excluding real estate, tourism, financial & insurance industry):

i. Annual sales turnover not exceeding RM20 million (based on the latest Audited Financial Statement) OR
ii. Full-time employees not exceeding 75 (based on the latest EPF Statement)

4. Professional Service Providers (Sole Proprietor or Partnership):

i. Incorporated under the Registration of Business Act (1956) / Registered under the respective statutory bodies for professional services providers;
ii. Annual sales turnover not exceeding RM20 million (based on the latest Audited Financial Statement) OR having full-time employees not exceeding 75 (based on the latest EPF Statement)


How to apply eTRADE?


 Application for eTRADE must be submitted online and the form can be accessed from MATRADE's website.

 Application must be supported by the following documents (to be attached in the online application form):

i. Form 9 or 13;
ii. Form of Annual Return for the year 2013/2014;
iii. Audited Financial Statement for the year of 2013/2014 or the latest Audited Financial Statements;
iv. Latest EPF Statement;

For trading companies, the following additional documents are required:

i. Letter of declaration by supplier to certify that products are made in Malaysia;
ii. Product Brochure/Company's Profile;

(ALL ORIGINAL DOCUMENTS MUST BE FULLY AND CLEARLY SCANNED)

 Documents not in English or Bahasa Malaysia must be accompanied by English or Bahasa Malaysia translations.

 If any information and/or documents are found to be incorrect, false or misleading, applicants shall be blacklisted and will be required to reimburse the eVoucher that has been redeemed from MATRADE.

 MATRADE shall have the absolute discretion in considering the applications and its
decision shall be final and binding.

Please contact eTRADE at etrade@matrade.gov.my if you have any question on this program.

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