What is an SME according to the EC definition?

An SME is defined as an enterprise with :

• less than 250 employees
• an annual turnover not exceeding 50 million Euro or a balance sheet not exceeding 43 million Euro
• and being either
  • an autonomous enterprise totally indepent or less than 25% share
  • a partner enterprise holds 25 - 50% share in another enterprise and/or another holds 25 - 50% in yours
  • a linked enterprise holds more than 50% of the shareholders’ or members’ voting rights in another enterprise and/or another holds more than 50% in yours