Understanding SMEs: Defining Micro, Small, and Medium Enterprises

What exactly is an SME? In this video, we break down the official definitions of Micro, Small, and Medium-sized Enterprises (MPMIs). We explore the critical criteria used to categorize these businesses, including employee count and annual turnover thresholds.

Understanding your company’s size is essential for accessing government grants, subsidized financing, and European Union funding programs. We also discuss how acquisitions can change a company’s status and why SMEs are the backbone of the economy. Whether you are an entrepreneur or a business consultant, this guide will help you navigate the regulatory landscape of business sizing.