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providing privileges to small and medium-sized enterprises (SMEs)

The circular informs the under secretaries and general directors working in federal entities of the Cabinet Resolutions No.7/167 and /5 of 2015, concerning providing privileges to SMEs.

The resolution implementation mechanism includes exempting SMEs owned by citizens fully from:

  • Paying registration fees in the suppliers record for the first two years as of establishment date.
  • Submitting a letter of guarantee for contracts with a value less than AED 250,000.

The mechanism also includes supportive procedures for the first two years as of establishment date.

Financial Circular NO. 8 of 2015 Cabinet Resolutions No.7/167 and /5 of 2015