Enterprise Development

Economic Diversification | Employment Creation | Wealth Generation

The Ministry of Youth Development and National Service (MYDNS) recognizes the importance of Micro and Small Enterprises (MSEs) to the overall development of the national economy and society. 

The Ministry is committed to creating a supportive entrepreneurship environment to anticipate and respond to MSE development needs, thus resulting in greater contribution to national development. In particular, MYDNS is actively working to unlock the entrepreneurial potential of the youth, by promoting young entrepreneurs.

Micro and Small Enterprises are defined by the following:
Size of Enterprise  Number of Employees  Turnover per annum
Mini-micro  = 1 including owner/manager $250,000
Micro  <=5 including owner/manager  $1,000,000
Small  <=25 including owner/manager  $8,000,000