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.
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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