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