Sme Definition Number Of Employees

They further divide the category into micro 1 9 employees small 10 49 employees and medium 50 249 employees enterprises.

Sme definition number of employees. The uk definition of sme is generally a small or medium sized enterprise with fewer than 250 employees. Medium sized small and micro businesses. The most frequent upper limit designating an sme is 250 employees as in the european union. Small and medium sized enterprises smes are non subsidiary independent firms which employ fewer than a given number of employees.

In contrast businesses that mine copper ore and nickel ore can have up to 1 500 employees and still be identified as an. A majority of governments namely middle income and high income economies the oecd and the imf define a sme as an enterprise employing up to 249 persons. These categories are defined by turnover and number of employees. The eu also defines an sme as a business with fewer than 250 employees a turnover of less than 50 million or a balance sheet total of less than 43 million.