Manage your Intellectual Property in Latin America

What is an SME?

What is an SME?

Small and medium-sized enterprises (SMEs) are defined in the EU recommendation 2003/361.


The main factors determining whether a company is an SME are:


  1. number of employees and
  2. either turnover or balance sheet total.





Company categoryEmployeesTurnover or Balance sheet total
Medium-sized< 250≤ € 50 m≤ € 43 m
Small< 50≤ € 10 m≤ € 10 m
Micro< 10≤ € 2 m≤ € 2 m


These ceilings apply to the figures for individual firms only. A firm that is part of larger group may need to include employee/turnover/balance sheet data from that group too.

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