Monsha'at: Who Qualifies and What You Get
Small and medium enterprises in Saudi Arabia can access funding, professional training, and business advisory services through this program.
Monsha'at is a support program designed to help small and medium-sized businesses in Saudi Arabia grow and succeed.
Who it's for
This scheme is specifically designed for small and medium enterprises (SMEs) operating within Saudi Arabia. To be considered for the various programs offered, your business must fall under the classification of a small or medium enterprise as defined by the local authorities.
What you get
Businesses can access a variety of resources intended to strengthen their operations and market presence. This includes access to different types of funding to support growth, professional training programs to build necessary skills, and business advisory services that provide expert guidance to help you navigate your commercial journey.
What it costs you
Accessing these services is free, meaning there is no fee required to engage with the authority's support systems. The primary requirement is that you must possess a valid commercial registration (CR) to prove your business is a legally recognized entity in the Kingdom.
The catch to know
Eligibility is not universal for all business types. To determine if your business qualifies for specific support, you must ensure you meet the specific thresholds regarding your company's size. Specifically, the authority looks at two main factors: your total annual revenue and the total number of employees currently on your payroll.
How to apply
- Confirm that your business is a registered entity with a valid commercial registration (CR).
- Review your annual revenue and employee count to ensure you meet the SME size requirements.
- Visit the official portal to browse the specific training, advisory, or funding options available for your business type.