Autonomous Enterprise Clause Samples
Autonomous Enterprise. This is by far the most common type of enterprise. It applies to all enterprises which are not one of the two other types of enterprise (partner or linked). An applicant enterprise is autonomous if it: • does not have a holding of 25%3 or more in any other enterprise, • and is not 25%3 or more owned by any enterprise or public body or jointly by several linked enterprises or public bodies, apart from some exceptions4 , • and does not draw up consolidated accounts and is not included in the accounts of an enterprise which draws up consolidated accounts and is thus not a linked enterprise5. 1 Henceforth in the text, the term "Definition" refers to the Annex to Commission Recommendation 2003/361/EC on the definition of SMEs.
Autonomous Enterprise. If the enterprise is either completely independent or has one or more minority partnerships (each less than 25%) with other enterprises, it is considered an autonomous enterprise. These are also some cases where an enterprise is considered autonomous even if the holding thresholds of 25% and 50% are exceeded – if that percentage is held by the following categories оf investors:
Autonomous Enterprise. ● does not have shares in other enterprises and the other enterprises does not have shares in this enterprise; ● has less than 25% of share capital or voting rights (depending which of these values is bigger) in one or more enterprises and/or other enterprises has/have less than 25% of share capital or votes (depending which of these values is bigger) in this enterprise. ● if the enterprise is autonomous it means that such enterprise is not a partner or linked enterprise to any other enterprise.
Autonomous Enterprise. This is by far the most common type of enterprise. It applies to all enterprises which are not one of the two other types of enterprise (partner or linked). An applicant enterprise is autonomous if it: • Does not have a holding of 25%5 or more in any other enterprise, • And is not 25%5 or more owned by any enterprise or public body or jointly by several linked enterprises or public bodies, apart from some exceptions6, • And does not draw up consolidated accounts and is not included in the accounts of an enterprise which draws up consolidated accounts and is thus not a linked enterprise7.