Incentives for Entrepreneurs
Federal Law No (2) of 2014 on Small and Medium Enterprises
The programme was established by Federal Law No. “2” of 2014 under the umbrella of the Ministry of Economy, where it is supervised by a specialised council within the Ministry, aimed at empowering SME owners, and setting general frameworks and guidelines that provide the necessary expertise and technical, administrative and training support in various fields. The law endeavours to promote and develop small and medium enterprises, in addition to preparing periodic evaluation, coordinating with federal and local government entities and the private sector to market their products and services inside and outside the UAE, and coordinating with the concerned authorities to provide benefits and incentives for these enterprises.