SERVE records 500 to 800 new entrepreneurs per day

SERVE records 500 to 800 new entrepreneurs  per day

Executive Director for the Registration and Verification Service, Florêncio Sanches (Image Tatoli)

DILI, 6 august 2021, (TATOLI)- The Executive Director of Registration and Verification of entrepreneurs Service (SERVE) Florencio Sanches informed his office has recorded a growth in the number of new entrepreneurs for this year.

“There are about 500 to 800 businesses are registered at SERVE, the number is different from the number of businesses recorded by SERVE earlier which were only 200 to 300 per day,” Florencio Sanches informed TATOLI at his office, in Palm Business Center, Hudi – Laran, this Friday.

Despite COVID-19, many Timorese wish to transform themselves into a businessman and women to contribute to the country economy.

“Despite the increase in the number of COVID-19, many Timorese are aware of doing the economic activities to contribute for the economy of the country, I hope that the government has the plan to establish the policy to continue promoting the private sectors and support them return to normal,” He said.

Sanches noted that the increasing number of entrepreneurs is the impact of the Economy recovery program.

“I have seen many businesses have existed because they wish to take part in the government program called” Cesta Bazika, this is the cause of the increase in the number of business in this year,” he said. 

SERVE has registered until august 31 35,000 business that however of the number, only several businesses are doing the active payment for the taxes.

“There are 7000 up to 11000 businesses that have been actively paid for the taxes, or in percent, only 30% have been paid for the taxes,” he said. 


Journalist: Natalino Costa

Editor : Julia Chatarina

Translator: Jose Belarmino De Sa





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