SME Definition

If applicants decide to submit a project under an OP EIC aid programme that is intended exclusively for micro, small and medium-sized enterprises (SMEs), they must make sure that they meet that condition as applicants. The basic criteria for determining the size of an enterprise are the number of employees, the size of annual turnover and the annual balance sheet total (size of assets). The data used to determine the number of employees and financial variables relate to the last closed accounting/tax period.

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