30/04/2024
The European Union's business size categorisation is based on a combination of the number of employees and financial thresholds. Here's a breakdown of the categories:
Micro Enterprises:
Number of Employees: Less than 10
Financial Threshold: ≤ €2 million
Small Enterprises:
Number of Employees: Less than 50
Financial Threshold: ≤ €10 million
Medium-sized Enterprises:
Number of Employees: Less than 250
Financial Threshold: ≤ €50 million
Large Enterprises:
Number of Employees: More than 250
Financial Threshold: Over €50 million
These categorisations are used by the European Union for various purposes, including eligibility for certain funding programs, regulatory compliance requirements, and statistical reporting. They provide a framework for understanding the size and scale of businesses operating within the EU.