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Name: Federal Law No. 2 of 2014 concerning small and medium enterprises.
Country: United Arab Emirates
Subject(s): Economic and social policy
Type of legislation: Law, Act
Adopted on: 2014-03-16
Entry into force:
ISN: ARE-2014-L-98721
Bibliography: Legislation online in Arabic Legislation online in Arabic Eastlaws Database, Cairo, Egypt (consulted on 2015-05-15)
Abstract/Citation: Article 1: Definitions.
Article 2: Objectives of the Law.
Articles 3 and 4: Classifying and defining small and medium enterprises.
Article 5: Small and Medium Enterprises Council.
Article 6: The Council Functions.
Article 7: Establishing National Program for small and medium enterprises.
Article 8:The program's responsibilities.
Article 9: SMEs Program Registration.
Article 10: Focuses on the private and public sector facilities and the incentives offered to owners of enterprises that are members of the National Program for Small and Medium Enterprises.
Article 11: Tackles implementing the strictures ( 4, 7 and 8) of the preceding article, over three years of getting the membership of the National Program for Small and Medium Enterprises, and the extension of the benefit period over one year, renewable for additional term/s.
Article 12: Specifies additional facilities.
Article 13: Combining facilities and incentives.
Article 14: Deals with the conditions related to facilities and incentives.
Article 15: Small and medium enterprises and establishments are commitment.
Article 16: Insuring Establishments.
Article 17: Addresses the methods of facilitating credit and funding services for activities undertaken by small and medium enterprises and establishments.
Article 18: procedural and technical criteria for receiving loans.
Article 19: Annual Evaluation of the small and medium enterprises sector.
Article 20: Clarifies that the Ministry of Economy, in cooperation with concerned parties, is the lead representative of enterprises and establishments in other countries and global and regional organizations.
Article 21: Fee exemptions.
Article 22:Penalties.
Basic text(s):

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