20-04-2025
Meeting at Ministry of Economy discusses mechanism for exempting Small Projects from fees
Sana'a – Saba:
A meeting at the Ministry of Economy, Industry, and Investment discussed a coordination mechanism among government entities to exempt small and micro-enterprises, entrepreneurs, and innovators from fees.
The meeting, which included representatives from the General Authority for the Development of Small and Micro Enterprises, the General Investment Authority, the General Authority for Science, Research, Technology and Innovation, and the Small Enterprise Development Fund, reviewed a proposed joint and integrated coordination mechanism. This mechanism aims to translate the provisions of the Investment Law, including exemptions for small and micro-projects, into practice, and to achieve the law's objectives of encouraging, developing, and supporting small and micro-enterprises and entrepreneurs.
The meeting emphasized the importance of simplifying procedures for small and micro-entrepreneurs to obtain exemptions from all fees across government entities through a one-stop window.
It also stressed the urgency of establishing a digital network between the Ministry of Economy, the General Authority for the Development of Small and Micro Enterprises, and the General Investment Authority, by the approved mechanism, to expedite transactions for small and micro-projects and to benefit from international best practices in this field.
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