Requirements for Equity Crowdfunding (ECF)

If you are interested to fundraise via ECF, you should check to make sure you fit in the criteria to raise with ECF.

Here are some of the requirements that you will need to know:

• Your business must be locally incorporated as a Private Limited Company (Sdn Bhd) or Limited Liability Partnership (LLP). The Government has also announced that unlisted public companies (Berhad or “UPCs”) can also fundraise on ECF platforms in the near future.
• You can raise a maximum lifetime amount of RM10 million via ECF, either in a single campaign or multiple campaigns. The Government is also considering to raise the maximum limit to RM20 million. 
• You would need to provide your business’ latest audited financial statements if you are planning to fundraise more than RM500,000 for the purpose of due diligence and for disclosure to all potential investors. However, if you are raising below than RM500,000, you only need to provide your latest management accounts.
• Your investors can be Malaysians or foreigners either residing in Malaysia or overseas. Your investors can also be investing as individuals or businesses.