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What is considered a micro-enterprise to which simplified procedures could apply?

An enterprise is considered to be any entity engaged in an economic activity, irrespective of its legal form. This includes, in particular, self-employed persons and family businesses engaged in craft or other activities, and partnerships or associations regularly engaged in an economic activity.

A micro-enterprise is defined as an enterprise which employs fewer than 10 persons and whose annual turnover and/or annual balance sheet total does not exceed EUR 2 million (Commission Recommendation 2003/361/EC of 6 May 2003).

This ceiling applies to the figures for individual firms only. A firm that is part of larger group may need to include staff headcount/turnover/balance sheet data from that group too.

Companies falling under the category of micro-enterprise can benefit from Article 37 of the Construction Products Regulation (EU) No 305/2011 (the CPR) dealing with simplified procedures for micro-enterprises.

You can find more information under this link: What is an SME?

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