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Enterprise Facilitation Scheme (EFS)
The Enterprise Facilitation Scheme (EFS) is one of the financing schemes developed by the Ministry of Industry and Primary Resources to assist and expedite the development of Small and Medium Enterprises (SMEs) in Brunei Darussalam. The scheme is wholly financed by the Government of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam and managed jointly with appointed local banks responsible for the disbursement and administration of the fund.

The agency responsible for the scheme is the Entrepreneurship Development Centre, Ministry of Industry and Primary Resources. For more information about the scheme please contact:

Entrepreneurship Development Centre
Ministry of Industry and Primary Resources
CIO Secretariat For SME Financial Assistance Scheme
Jalan Menteri Besar BB3910
Bandar Seri Begawan
Negara Brunei Darussalam

Tel.: 2382846, 2382822 Ext 2401/2422
Fax: 2382865

Click here for the brochure (malay)

Objectives Of Enterprise Facilitation Scheme (EFS)
bullets To provide financial support for Small and Medium Entrepreneurs (SMEs) in Brunei Darussalam.
bullets To encourage and assist local enterprises to upgrade, modernize and expand.

Sectors And Activities Which Are Qualified To Apply For The Scheme

 bullets

Sector  

 bullets

Activities
  Agriculture
Fisheries
Manufacturing
Tourism
ICT
Construction		    

Production
Processing
Manufacturing
Tourism
Services
Marketing


Participating Bank
Currently the local banks appointed to administer the scheme by the Ministry of Industry and Primary Resources is Bank Islam Brunei Darussalam (BIBD) and Baiduri Bank Berhad.

Criteria Of Eligibility

i.

Application for the scheme is open to enterprises owned by “Rakyat Melayu” of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam.

ii.

Joint-venture enterprises may also apply but should have at least 30% of its capital equity owned by a “Rakyat Melayu”. Financing amount will be based on the equity owned by the “Rakyat Melayu”.

iii.

All enterprises applying for the scheme must be registered with the Registrar of Companies and Business Names, either as a Sole Proprietorship, Partnership, Private Company or Public Company. Cooperatives have to be registered with the Registrar of Cooperatives.

iv.

The enterprise must be undertaking a business or producing or marketing products in the sectors and activities promoted by the Ministry of Industry and Primary Resources.

v.

Priorities will be given to enterprises operating in industrial sites, agriculture development sites and fisheries development sites as well as operators of capture fisheries and tourism activities in Brunei Darussalam.

vi.

Priorities are also given to entrepreneurs who have successfully completed relevant business management trainings recognized by the Ministry of Industry and Primary Resources and / or the participating local Bank.

vii.

Entrepreneurs who have no relevant business management trainings are encouraged to undergo the relevant business management courses recognized by the Ministry of Industry and Primary Resources and / or the participating local bank.























Financing Facilities
bullets Term Financing 
bullets BBA
bullets Letters of Credit
bullets

Letters of Credit / Trust Receipt

bullets

Bankers Guarantee


Profit Rate
The profit rate for each financing will be 4% per annum based on annual reducing balance.

Financing Limit
The financing limit for each enterprise is B$5 million (Five million Brunei dollars).

Additional Financing
Additional financing beyond the limit of B$1.5 million will be processed under the participating bank’s normal financing procedures at the prevailing profit rate, terms and conditions.

Repayment Period 
The period of payment is a maximum of 10 years or less, depending upon the type of business activity.

Security
For every financing facility, applicants are required to fulfill suitable security or collaterals requirements of the participating banks: 
bullets Land Property
bullets Fixed Deposit
bullets Banker’s Guarantee
bullets Personal Guarantor

Legal Fees
Legal fees will be borne by the applicant. The applicant may choose either to pay for the fees separately or to have the legal fees deducted from the financing amount.

Repayment Period
The period of payment is flexible upon the type of business activity and assessment by the participating bank.

Grace Period
A suitable grace period for the repayment of the principal amount can be considered as long as the cost incurred during that period (monthly profit on the financing) is paid.

Documents and information to be submitted together with the application form:
i. Certificate of Registration of company (Section 16 & 17) / cooperative.

ii.

Memorandum and Article of Association of company (Form 5 & Form X) / cooperative.

iii.

Annual Return on Allotment of Shares and Board Resolution of company.
iv. Identity Card for Applicant / Directors / Shareholders of company / cooperative.
v. Company / Cooperative Profile.
vi. Project Proposal and Business Plan.
vii. Projected Cash Flow.
viii. Audited Account.
ix. Statement of current accounts for the last 3 months.
x. Approvals from relevant authority for any business activity, building construction, location proposed etc.
xi. Security documents.
xii. Property valuation report and photocopy of land title.
xiii.    Letter of recommendation from Ministry of Industry and Primary Resources or relevant departments (Agriculture Department, Fisheries Department, Forestry Department, Brunei Industrial Development Authority (BINA) or Tourism Development Department).

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