A micro enterprise is defined as an enterprise with fewer than 10 employees.
As from statistical year 2003 also enterprises which have an annual turnover or balance-sheet total not exceeding EUR 2 million and which conform to the criterion of independence as defined below, are defined as micro enterprises.
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)