Small and medium-sized enterprises (SMEs) are defined as enterprises which have fewer than 250 employees, and have either an annual turnover not exceeding EUR 50 million (EUR 40 million before 2003), or an annual balance-sheet total not exceeding EUR 43 million (EUR 27 million before 2003) and which conform to the criterion of independence as defined below.

Independent enterprises are those which are not owned as to 25 per cent or more of the capital or the voting rights by one enterprise, or jointly by several enterprises, falling outside the definition of an SME or a small enterprise, whichever may apply.

Validity of the definition

  • Valid until (31 December 2078)

Source organisation

  • Tilastokeskus

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