MSMEs Definition
MSMEs refer to Micro, small and medium enterprises
|
Sector |
Micro |
Small |
Medium |
|
Manufacturing |
Annual Sales Turnover Less than RM300,000 |
Annual Sales Turnover between RM300,000 and less than RM15 million 75 employees |
Annual Sales Turnover between RM15 million and RM50 million or Between 75 to not exceeding 200 employees |
|
Services and Other Sector |
Annual Sales Turnover Less than RM300,000 |
Annual Sales Turnover between RM300,000 and less than RM3 million 30 employees |
Annual Sales Turnover between RM3 million and RM20 million or Between 30 to not exceeding 75 employees |
Notes:
A business will be deemed as an SME if it meets either one of the two specified qualifying criteria, namley sales turnover of full-time employees, whichever is lower.
SME Status Registration
What is MSME Registration Status System?
- A registration system to validate MSME status of all business establishments that fullfill the MSME definition.
Who Should Register?
- All business establishments in all economic sectors
- Business establishments that would like to check their status
- Business establishments that would like to acquire assistance and incentives targeted specifically for MSMEs, which are provided by the Government
What Can I get?
- Confirmation of MSME Status
- Once endorsed with MSME Status, the company will receive an MSME Status digital certification
- Validity period of MSME Status certificate is two (2) years
How Do I Register?
National Institute of Entrepreneurship (INSKEN)
INSKEN is an agency under the purview of Ministry of Entrepreneur Development and Cooperatives (KUSKOP) that offers entrepreneurship development initiatives through its training and coaching programmes. In line with INSKEN’s tagline; “Growing Tomorrow Entrepreneurs”, INSKEN ensures all programmes conducted are based on industry need. The programmes will be executed through smart collaboration with industry practitioners, professionals and government agencies in order to strengthen national entrepreneurship ecosystem.
Kampus INSKEN Sabah,
Lot 10, Ground Floor,
WISMA IDS, 89500 Penampang,
Sabah
Emel: insken@insken.gov.my
Source: Utusan Borneo (29-1-2023) – INSKEN menawarkan inisiatif pembangunan kapasiti usahawan melalui program-program latihan dan bimbingan
Source: Daily Express (30-1-2023) – INSKEN offers entrepreneurship development initiatives through its training and coaching programmes