The amendment to the Law for the Promotion, Protection, and Development of Micro and Small Enterprises (MYPE) was published in the Official Gazette on March 16, 2026, aimed at updating business classification criteria, improving access to financing, and strengthening institutional support mechanisms.
Key changes include the relaxation of requirements to access credit, the creation of new categories of microenterprises, modifications to the governance of the National Commission for Micro and Small Enterprises (CONAMYPE), and new obligations for businesses seeking to register or remain in the MYPE Registry.
New criteria for classifying MYPEs
The reform updates the sales thresholds used to determine when a business qualifies as a micro or small enterprise.
The annual gross sales limit for microenterprises increases from 482 to 500 minimum wages, while the ceiling for small enterprises rises from 4,817 to 5,000 minimum wages. Small enterprises will continue to be defined as those employing between 11 and 50 workers.
Additionally, the reform introduces a more detailed classification within microenterprises, establishing three subcategories:
- Subsistence microenterprises: up to 57 minimum wages in annual gross sales and a maximum of 2 employees.
- Accumulation microenterprises: more than 57 up to 300 minimum wages, with 3 to 4 employees.
- Expansion microenterprises: more than 300 up to 500 minimum wages, with 5 to 10 employees.
Access to financing
One of the most significant changes is found in Article 45, which requires the financial sector to offer financial and non-financial services tailored to the needs of MYPEs. The amendment also introduces a differentiated risk approach, which will:
- relax credit history requirements.
- take into account businesses with shorter operating histories.
- facilitate access to financing and capital markets.
Government payments to MYPE suppliers
The reform maintains the obligation for the government to pay MYPE suppliers within a maximum of 30 days.
In the event of late payment, companies are entitled to compensation equivalent to the applicable commercial legal interest rate on the outstanding amount. The procedure to claim such compensation must follow the rules set out in public procurement legislation.
New MYPE registration requirements
The reform introduces additional requirements for businesses seeking to register or remain in the MYPE Registry. Key changes include:
- For registration: individuals must submit their income tax return or a sworn income declaration.
- To maintain certification: MYPEs must update their registration information every two years.
Practical implications for businesses
The reforms create both new opportunities and obligations for micro and small enterprises. Key potential benefits include:
- improved access to financing.
- more targeted public policies based on business development level.
- reduced administrative costs and streamlined procedures.
However, companies must also pay close attention to the new registration and data update requirements, as non-compliance may affect their access to support programs, financing, or official certifications.
