More than 13 thousand companies obtained the MSME Business Classification Certification in the last 12 months, which represents a historical increase compared to the certifications issued by the Ministry of Industry, Commerce and MSMEs (MICM) of the Dominican Republic in the last four years.
The MSME Business Classification Certification is the document issued by the MICM to companies, natural or legal, that comply with the parameters established in Law 187-17 on the “Regulatory Regime for the Development and Competitiveness of Micro, Small and Medium Enterprises”, and that wish to register as a State Supplier.
“In connection with market regulation policies and support for domestic trade, more than 13,000 certifications of MSME business classification were granted, which is one of the most important services and with higher quality standards offered to citizens by the MICM. In this order, the MICM also launched the business classification service Mipymes Mujer, with the objective of promoting the development, formalization and participation of women in state procurement processes, especially in the 20% of state procurement processes for Mipymes, as established in Law 488-08”, explained the Vice Minister of Internal Commerce Ramón Pérez Fermín.
Only between January and June 2021, the number of certifications granted registered a growth of 358% with respect to the same period of the previous year reported Pérez Fermín, who highlighted the efficiency and transparency of the new management of the MICM and the effort to reactivate the businesses of micro, small and medium-sized companies.
Micro, small and medium enterprises employ more than 642,303 people in the Dominican Republic.