How do the owners of existing projects obtain the project classification certificate? .. The Projects Authority answers

The Medium, Small and Micro Enterprises Development Authority announced the steps that the owners of existing projects will take to obtain a certificate of project classification according to the executive regulations of the Small, Small and Micro Enterprises Development Law No. 152 of 2020, which will allow the project owner to benefit from the various facilities and new benefits offered by the agency or various State agencies concerned with this sector.

 

 

Project owners can go to the agency’s branches in the governorates to apply for the certificate or submit the application electronically through the agency’s website www.msmeda.org.eg and enter the link for obtaining the services of the Small, Medium and Micro Enterprise Development Law No. 152 of 2020, and then choose the following :

 

First: "Application for obtaining a project classification certificate" and fulfilling the request and the required information, which includes the basic data for the project, the type of activity, and the information for the applicant for the certificate.

 

Second: Entering the "Request Inquiry" link to follow up on the application's position, which will clarify to the applicants the acceptance of the application or the need to complete other data.

 

It is worth noting that the new law includes a unified definition of the types of medium, small and micro enterprises as follows:

 

The modern project: the project that has not been established for more than two years from the date of starting the activity, and it is classified into two types according to the paid-up capital.

 

Specified in the commercial register:

 

Small industrial projects whose capital is less than 50 thousand pounds, small projects whose capital ranges between 50 thousand pounds to 5 million pounds, and medium projects whose capital ranges from 5 million to 15 million pounds.

 

Small non-industrial projects with a capital of less than 50 thousand pounds, small projects whose capital ranges between 50 thousand pounds and 3 million pounds, as for medium projects whose capital ranges between 3 million and 5 million pounds.

 

Existing project: the project that has been established for more than two years from the date of commencement of the activity, and the volume of business is determined according to the last tax assessment or the last tax declaration or the approved income lists, and in this case the small enterprise whose business volume does not exceed one million pounds and the small project The volume of its business ranges between one million and 50 million pounds, and the average project ranges between 50 million and 200 million pounds.