Angola certifies over 10,000 SMEs in 2016

24 August 2016

The Angolan National Institute of Small and Medium Enterprises (Inapem) has certified 10,500 companies across the country so far this year, the institute’s president said on Tuesday in Lubango.

António Francisco de Assis also told Angolan news agency Angop that through certification micro, small and medium enterprises are able to access subsidised loans, lower interest rates, reduced industrial tax and stamp duty exemptions.

“Inapem will continue to increase its methods of support, improve dialogue with the business sector because entrepreneurs sometimes have problems and close themselves off, but should instead discuss (the situation) with the government and present suggestions and proposals that may solve the problems,” Assis said.

The director of Inapem noted that the main problem was taxation, with entrepreneurs “forgetting that they have to pay tax” and when they come to make back payments in order to receive certification from Inapem they are faced with a high tax bill.

Assis noted that Inapem is a natural partner for private businesses and is a state body that helps solve the problems facing companies. (macauhub/AO)