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Support for SME projects boosts economy
The regulations for developing small, medium, and micro enterprises recommend launching various incentives to support these projects, including allocating land free of charge or at minimal cost, facilitating utility connections, and waiving late payment interest, stamp duty, notarization fees, and property taxes. The incentives also encompass reimbursing the cost of utility connections, allowing deferred payments, covering training expenses, reducing or eliminating guarantees, waiving patent registration fees, lowering taxes on profits and property taxes, and easing access to financing. These policies aim to enhance the capacity of enterprises and facilitate the initiation and growth of their activities. They also define the sizes of small, medium, and micro projects based on their turnover and capital, in addition to providing tax, customs, and financial incentives to improve the investment environment and support innovation and technological development.
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