SME definition

SME means an enterprise falling within the category of micro, small and medium-sized enterprises defined by the Commission Recommendation of 6 May 2003 concerning the definition of micro, small and medium- sized enterprises;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

SME means small medium enterprise.

SME means a micro, small or medium sized enterprise as defined in Commission Recommendation 2003/361/EC (1);

Examples of SME in a sentence

• This applies also for the cases of flat-rate financing of SME owners and other natural persons not receiving a salary (see Article II.14.1).

• The submission of a Certificate on Average personnel costs is no longer possible for the cases of SME owners and natural persons without a salary.

• All SME owners and natural persons having received the approval of their methodology are entitled either to: • Continue applying the approved methodology • Apply the flat-rate system However, if the beneficiary chooses to apply the flat-rate system they will have to apply it for all cost statements in on-going and future participations in FP7 projects.

• It might, however, be possible to use this flat-rate for the cases where the SME owner can show evidence that his/her salary corresponded exclusively to the management of the SME, not to his/her research work.

• If the different electronic forms and databases (FORCE/NEF) do not allow for the introduction of this SME flat rate under the cost category: "lump-sum/flat-rate/scale of unit declared", beneficiaries should declare this flat-rate under "personnel costs", and explain that they are using this SME flat rate option in the project report (explanation of the use of resources by the beneficiary) Transfer of funds to the part reimbursed as a lump sum is not allowed.

More Definitions of SME

SME means, for the purposes of Program, a company with fewer than 500 Full Time employees and less than $50,000,000 annual gross revenue;

SME means an enterprise falling within the category of micro, small and medium-sized enterprises defined by the Commission Recommendation of 6 May 2003 concerning the definition of micro, small and medium- sized enterprises.

SME means, if the Program Eligibility Requirements for the Program Include a requirement for the Applicant or another key participant in the Project to be a SME, a small or medium sized enterprise/company with fewer than 500 Full Time employees and less than $50,000,000 annual gross revenue;

SME means subject matter expert.

SME means a Small Medium Enterprise, which employs fewer than 250 persons and has an annual turnover not exceeding EUR 50million and/or an annual balance sheet total not exceeding EUR 43million

SME means a micro, small or a medium-sized undertaking, irrespective of its legal form, that is not part of a large group, as those terms are defined in Article 3(1), (2),

SME means an enterprise that falls within the criteria and parameters of the definition of micro, small and medium-sized enterprises contained in the Commission Recommendation of 6 May 2003 concerning the definition of micro, small and medium-sized enterprises (2003/361/EC), which took effect on 1 January 2005.2