MSMEs; Registration, Financing cooperatives and Investments related

MALAYSIA

2021

• The Ministry of Entrepreneur Development and Cooperative (Medac) is targeting the contribution of the cooperative sector to the country’s GDP to increase to 5% by 2025.

INDONESIA

2021

• INDONESIA’S NEW INVESTMENT LIST INCREASES FDI OPPORTUNITIES FOR FOREIGN INVESTORS

Business sectors/activities reserved for cooperatives, micro, small and medium enterprises (CMSMEs). Foreign investors and domestic large-scale enterprises are prohibited from engaging in sectors and business activities reserved for CMSMEs. These are set out in Schedule II of the New Investment Law and fall under the following three criteria: 

• business activities that do not use technology or use only simple technology

• business activities that have special processes, are labour-intensive, and have special cultural heritage passed on for generations; and/or 

• the capital required for the business does not exceed IDR10 billion (excluding land and buildings).

EUROPEAN UNION

• Commission Recommendation concerning the definition of micro, small and medium-sized enterprises (2003/361/EC) An enterprise is considered to be any entity engaged in an economic activity, irrespective of its legal form. This includes, in particular, self-employed persons and family businesses engaged in craft or other activities, and partnerships or associations regularly engaged in an economic activity

CZECH REPUBLIC

• 2019

  Corporate Law : short article and analysis