MSME

/MSME
MSME 2017-07-31T19:41:30+00:00

Overview

Micro Small and Medium Enterprise (MSME) Programme

April 2016 saw the commencement of the Government’s Micro Small and Medium Enterprise (MSME) programme which is managed by Invest Turks and Caicos with support from the Centre for Entrepreneurial Development (CED) and Ministry of Finance, Investment and Trade. Governed by the MSME Development Ordinance 2015, the programme makes provision for the Government to provide Concession Orders to qualifying locally-owned businesses operating in an identified priority business sectors. The Concession Orders allow the company or start-up access to specific benefits, namely: Cash Grant, Customs Duty Reduction and/or Technical Assistance depending on the size of the business.

The MSME Ordinance is managed by Invest Turks and Caicos who is responsible for determining eligibility to receive concessions or grants, as well as paying out the funds.  The Center for Entrepreneurial Development (CED) is responsible for assisting small businesses with their requests for technical assistance and evaluating technical assistance proposals.

Click on the download link for a complete brochure on the MSME programme

Icon   MSME Brochure     Download

Or on any of the following link for additional information

Icon   MSME Bill     Download
Icon   Classification of MSME     Download
Icon   Support for Priority Activities     Download
Icon   MSME Brochure     Download
Icon   MSME Assesment Criteria     Download
Icon   MSME Application Form     Download
Icon   Duty Concessions     Download
Icon   Business Plan Outline     Download

    The objectives of the MSME programme are:

    To encourage the establishment, growth and retention of sustainable businesses, including micro businesses, which enhance the Turks and Caicos Islands through innovation, creativity, business vitality, diversity, inclusiveness and environmental sustainability;

    • To create employment opportunities and increase the level of business investment by Turks Islanders in the country;
    • To support innovative businesses that demonstrate solid market potential and a sound business model, including long-term financial viability;
    • To increase the overall value and volume of exports from the Turks and Caicos Islands;
    • To foster new partnerships and collaboration between businesses and business support groups.