UAE; Implementation of Incentives for SME members of youth entrepreneurship
| Title | UAE; Implementation of Incentives for SME members of youth entrepreneurship |
| Date of conclusion | 24/05/2022 |
| Entry into force | Following the date of its issuance. |
| Text version(s) | English |
| Source | Ministry of Human Resources and Emiratisation (MoHRE), Ministerial Resolution |
| No. 251 of 2022 ; UAE (24 May 2022) accessed: 01 March 2023. | |
| Keywords | UAE; Laws & Regulations; Policy; Labour |
Abstract
This Resolution provides definitions for key terms related to its implementation. It states; “Youth Entrepreneurship Support Institutions” refers to licensed entities, such as programs, funds, and institutions, that support the startup and growth of small and medium-sized enterprises managed by citizens. “Small Enterprises” are establishments owned and managed by UAE nationals who are members of UAE-approved Youth Entrepreneurship Support Institutions and employ fifteen workers or fewer. “Medium Enterprises” are establishments owned and managed by UAE nationals who are members of UAE-approved Youth Entrepreneurship Support Institutions, employing more than sixteen workers but no more than fifty workers.