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Law on small and medium - sized enterprises (SMES)

The Federal Law No. 2 of 2014 established the National Program for Small and Medium Enterprises and Projects under the Ministry of Economy. The National Program aims to support UAE Entrepreneurs to strategize and satisfy their needs, as well as grow and sustain their business in collaboration with all stakeholders.

The responsibilities of the National Program include:

  • Identify key challenges faced by National SMEs and establish partnerships to develop mitigation plans and solutions to address those challenges
  • Develop incentive plans to encourage Entrepreneurship and SME establishment between UAE nationals
  • Develop incentive plans to encourage Entrepreneurship, and establish partnerships with relevant entities to address National  Entrepreneurs and SMEs’ business needs and support their growth and development, including:
    • Marketing their business and products inside and outside the UAE
    • Facilitate access to financial and business support solutions
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MEMBER BENEFITS

Financing

Financing

The National Program works with partners and stakeholders to enable robust financing solutions for SME that allows for SME growth. 

Business Support Services

Business Support Services

Provision of facilities and incentives, as well as expertise, training, and administrative and technical support in various fields aiming to support small and medium enterprises and enable them to develop capabilities and obtain various services 

Government Procurement

Government Procurement

Enable SME from accessing Government Procurement and work with other partners to develop a system that allows for SME participation and growth

Business Training

Business Training

In coordination with the relevant entities, the Program provides training seminars and workshops to empower and educate SME owners.