Microenterprise definition

Microenterprise means an enterprise which employs fewer than 10 persons and whose annual turnover and/or annual balance sheet total does not exceed EUR 2 million;

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Microenterprise means an enterprise which employs fewer than 10 persons and whose annual turnover and/or annual balance sheet total does not exceed EUR 2 million as defined in Article 1 and Article 2(1) and (3) of the Annex to

Microenterprise means an enterprise which employs fewer than 10 persons and whose annual turnover and/ or annual balance sheet total does not exceed EUR 2 million as defined in Article 1 and Article 2(1) and (3) of the Annex to Recommendation 2003/361/EC as may be amended from time to time;

Examples of Microenterprise in a sentence

• Where the holder of the Card Account is neither a Consumer nor a Micro-enterprise, the Bank shall not bear such burden of proof.

• Where the holder of the Card Account is neither a Consumer nor a Micro-enterprise, the amendment may enter into force without prior notice.

• You acknowledge and agree that You are not a consumer or Microenterprise and that You will use and procure that Account Users only use Cards or Accounts solely for business purposes.

• When the Client does not qualify as a Micro-enterprise or a Consumer, the Client shall be liable without limitation for all losses incurred in respect of any unauthorized transactions as a result of use of lost or stolen payment instrument, or from the misappropriation of a payment instrument.

• However myPOS Account may be used by a Client which is a Micro-enterprise as defined in the present Agreement and in the law, in which case the Statutory Consumer Protection rules provided in the applicable law shall apply to such myPOS Account.

More Definitions of Microenterprise

Microenterprise means a sole proprietorship, partnership, or family business with fewer than five employees and capital needs no greater than $35,000.

Microenterprise means an enterprise which at the time of conclusion of the payment service contract is an enterprise as defined in Article 1 and Article 2(1) and (3) of the Annex to Recommendation 2003/361/EC;

Microenterprise means an enterprise which employs fewer than 10 persons and whose annual turnover and/or annual balance sheet total does not exceed EUR 2 million as defined in Article 1 and Article 2 (1) and (3) of the Annex to Recommendation 2003/361/EC as may be amended from time to time.

Microenterprise means any enterprise that employs less than 10 people and whose annual turnover and/or annual balance sheet does not exceed €2million subject to certain provisions set down by law;

Microenterprise means a financial entity as defined in Article 2(3) of the Annex to Recommendation 2003/361/EC.

Microenterprise means an enterprise which employs fewer than 10 persons and which has an annual turnover not exceeding EUR 2 million or an annual balance sheet total not exceeding EUR 2 million;

Microenterprise means a small business that has fewer than five employees and capital needs no greater than $35,000. Typical microenterprises include child care, arts and crafts and business and personal services such as computer repair or hair care.