Basil Rahmy, CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), affirmed the strong support from the Ministry of Finance for the small and medium enterprise sector. This cooperation facilitates the participation of micro, small, and medium business owners in public procurement and contracting. The plan builds on Law No. 152 of 2020, offering incentives to boost the national economy.
Basil Rahmy, CEO of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), affirmed the strong support provided by the Ministry of Finance to the small and medium enterprise (SME) sector through the General Authority for Government Services. This cooperation facilitates the participation of micro, small, and medium business owners in public procurement and contracting systems as suppliers, opening new marketing opportunities, ensuring their sustainability, and helping them develop production to meet the standards of the Government Procurement Authority.
This cooperation falls within the framework of Law No. 152 of 2020 on the Development of Small Enterprises, enacted with strong support from the political leadership and including numerous advantages, incentives, and facilitations for SME owners. Rahmy stressed that the Agency is committed to enabling project owners to achieve maximum benefit from these services, which will help develop their businesses, increase profitability, and enhance their contribution to the national economy.
All micro, small, and medium enterprises can access these benefits and incentives upon obtaining classification and benefits certificates through MSMEDA’s branches across all governorates. These certificates allow a wide range of financial and non-financial services, including registration on the government procurement system. Since the implementation of Law No. 152 of 2020, the Agency has successfully registered 18,000 small and medium enterprises with government entities across Egypt, with the total value of tenders awarded reaching EGP 1.25bn to date.
MSMEDA, along with relevant ministries and state institutions, continues to welcome entrepreneurs and business owners to regularise their operations and integrate into the formal economy to benefit from financial, production, and marketing advantages. The Agency issues a five-year licence for regularised projects, enabling a unified customs tax rate of 2% on imported machinery and equipment, suspending criminal proceedings, and allowing social insurance registration from the date of the temporary licence. Eligible projects also benefit from tax incentives under Law No. 6 of 2025, with a graduated tax rate starting at 0.4% of annual business volume for projects generating EGP 500,000 per year, rising to 1.5% for those with revenues between EGP 10m and EGP 20m, plus exemptions from several taxes and stamp duties.