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HomeNewsBusinessExemption of Quota Fees for Designated SMEs Proposed!

Exemption of Quota Fees for Designated SMEs Proposed!

Photo Credits: The President Office

An amendment to the Employment Act has been proposed to exempt Small and Medium-sized Enterprises (SMEs) from paying the quota fees for foreign workers. This government-sponsored bill aims to create a more conducive environment for small businesses and expand their role within the economy. Under this amendment, the specific categories of businesses eligible for the exemption will be determined by the Cabinet, with priority given to business development and innovative ventures. The bill has been accepted by the Parliament and forwarded to the relevant committee for further review. This initiative is part of the President’s commitment to address the challenges and concerns faced by small businesses.

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