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Incentive Category
Scope of Funding

To facilitate and assist Open Approved Permit (AP) holders to expand
and diversify into other automotive-related businesses and to sustain and
enhance Bumiputera participation in the automobile industry.

Application Method

Application manually by submitting application form :

Qualification Criteria

Companies incorporated under the Companies Act 1965 with:

  1. Open AP Holders for passenger vehicles (excluding motorcycles)
  2. Open AP Holders for motorcycles that are registered members of Persatuan Pengimpot dan Peniaga Kenderaan Melayu Malaysia (PEKEMA)
  3. A joint venture company with controlling equity stake held by Open AP Holders
  4. A company with controlling stakes owned by Director(s) or shareholder(s) of the Open AP holders and the controlling aspects are reflected in the equity stake, members of the company’s Board of Directors, managerial, technical and supervisory
  5. A joint venture company with shares owned by Open AP Holders and Director(s) or shareholder(s) of the Open AP holders with controlling equity stake
  6. Possess a valid premises licence
Contact Information

Malaysian Industrial Development Finance Berhad
Level 21, Menara MIDF
82, Jalan Raja Chulan
50200 Kuala Lumpur

03-2173 8877
03-2173 8888
Last modified
Jul 2022