The Muwafaq Package offers a range of benefits to help SMEs comply with UAE tax regulations and improve their business operations
Small and medium enterprises
Latest in Small and medium enterprises
Small and medium enterprises
UAE banks extend $22.2bn in loans to SMEs
According to the UAE Ministry of Economy, SMEs represent over 95 percent of all companies in the country
D33
Dubai SME boosts economy with over $63m of funding for entrepreneurs
Dubai SME is supporting entrepreneurs with funding schemes and help for start-up businesses
business licenses
GCC firms eye Saudi Arabia amid $3tn foreign investment push; business licences explained
Saudi Arabia is increasingly welcoming firms from across the GCC as it looks to hit hugely ambitious economic growth targets
accounting services
Virtuzone announces free tax-ready service for 10,000 SMEs
Over 50 percent of UAE-based companies are not ready to comply with the new tax rules, this initiative intends to help businesses meet their reporting requirements for corporate tax
EDB
EDB launches new service that could grant SMEs loans of up to $1.36 million within days
The new service will prioritise businesses in EDB’s five priority sectors – manufacturing, healthcare, food security, advanced technology, and infrastructure
Small and medium enterprises
UAE announces new measures to support SMEs
The enterprises that will benefit from the new incentives have to be members of accredited funds or programmes that support SMEs in the country
Abdul Baset Al Janahi
What are the key factors helping Dubai’s small businesses recover from the impact of Covid?
Digital payments, a surge in e-commerce, and social networks are helping small businesses stay resilient according to a joint study conducted by Dubai’s Department of Economy and Tourism and the Visa Economic Empowerment Institute
Ankit Goel
Fintechs, digital finance have a massive opportunity to support SMEs
The World Bank estimates the funding gap for micro, small and medium enterprises is $5.2 trillion across some 65 million MSMEs scattered across 128 countries the global institute examined