The most prominent of these are insurance against default, a retirement system, and easy financing
Citizen entrepreneurs: 10 demands to support small businesses after the “pandemic”
Citizen entrepreneurs demanded a reduction and standardization of government fees, especially electricity.
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Entrepreneurs demanded a review of commercial rents.
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Emirati entrepreneurs identified 10 main demands to support and support small and medium enterprises and their owners, after the Corona pandemic, especially that there were projects that faced difficult and unexpected circumstances during the pandemic, which led to their stumbling, and were forced to close temporarily or permanently.
They explained to "Emirates Al-Youm" that the most important of these demands are: creating an insurance system against business failure, a retirement system for owners of small businesses, finding a bank financing system that is more easy, less expensive and complex, providing zero-interest loans to owners of small businesses, and giving priority to entrepreneurs' projects. Citizens in government and semi-government entities’ tenders, if the price offered by them is more than 10% of the lowest price in the tender to support these projects.
They also called for reducing and unifying government fees, reducing the tariff of some basic services, allocating a certain percentage of government support and incentives during the pandemic to support the most affected small and medium-sized companies, reconsidering commercial rents in a number of emirates of the country, and establishing integrated government centers for emerging and medium companies, in which they are Leasing to start-up companies at reduced amounts during the first years of the project's life.
Insolvency insurance
In detail, the entrepreneur, Mansour Ahli, called for an insurance system against business failure, especially after the Corona pandemic revealed the need to implement this system, given that there are small and medium companies that faced difficult and unexpected circumstances, during the pandemic, that led to their stumbling, and they were forced to close. temporary or permanent.
My family also called for the adoption of a “retirement system for owners of small projects, especially since some business owners themselves may face difficulties that lead to the closure of the project, and the entrepreneur may be exposed to sick conditions or grow old, which makes him unable to continue working,” noting that this system It provides a source of decent living for them.
He called for "reducing government fees, especially those related to commercial licenses, work and workers, and the tariff of some services, especially electricity, especially for factories in the first three or five years of their operation, with the unification of fees between the emirates of the state," noting that "the fees differ from the emirate of To another, it confuses project owners, and makes some of them in a weaker competitive position,” stressing the importance of reducing labor costs in general to raise the state’s competitiveness in foreign markets.
Ahli stressed the importance of finding a bank financing system that is easier, less expensive and more complicated than the current system, in light of the high benefits of financing for businesses, especially small and medium ones, and the complexity of the financing system, as facilitating financing greatly supports the growth of the small and medium enterprise sector, noting that banks put Its own rules determine its position on small enterprises, in the absence of unified governing rules governing all banks in this regard.
He pointed out that the wise leadership is always working to stimulate projects and remove any obstacles they face to support citizen entrepreneurs and economic growth in general in the country.
Zero Benefits
For his part, the entrepreneur, Ahmed Al-Shehhi, called for “the provision of zero-interest loans for small projects, to contribute to stimulating the establishment and growth of these projects, and to contribute to increasing their chances of success,” noting that the benefits of financing for small projects currently reach more than 19% for some Banks, which raises the cost of projects, increases risk, and contributes to their failure.
Al-Shehhi called for giving priority to the projects of citizen entrepreneurs, in the tenders of government and semi-governmental agencies, if the price offered by them is less than 10% more than the lowest price in the tender to encourage these projects and support their continuation.
He also called for the adoption of an ambitious retirement system for the owners of small projects from citizens, by paying easy installments over years as a means of investment, which can be used after years of work in this field, especially if the project falters or its owner is exposed to difficult challenges.
government fees
For his part, the entrepreneur, Mohammed Al-Harmoudi, called for a "reconsideration of government fees, especially the fees for issuing and renewing commercial licenses," noting that the fees are high and constitute a burden on entrepreneurs, calling for a review of commercial rents in a number of emirates of the country. He pointed out that the level of commercial rents is very high, and constitutes a burden on entrepreneurs, especially during the early years of establishing their projects.
Al Harmoudi suggested, in this regard, the establishment of integrated government centers, in which start-up companies are rented at reduced amounts during the first years of the project's life, especially since the early years of the project's life are crucial to its success, and the entrepreneur bears a lot of burdens.
He agreed on the importance of establishing an insurance system against business failure, especially since many projects, especially small ones, faced difficult challenges during the Corona pandemic, which led to the temporary or permanent suspension of their work.
He stressed the need to maximize the benefit of small businesses from government support and incentive programs, during the pandemic, so that a certain percentage of support and incentives is allocated to support small and medium businesses most affected by the pandemic.
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