What is the difference between Small, medium, micro enterprises?

CAIRO - 5 September 2022: Egypt issued the Law No. 152 of 2020 that sets regulations and clear definitions for the Medium, Small and Micro Enterprise Development. 

 

The law defines each of the medium, small and micro projects, and the newly established project.

 

 

According to the law, Medium projects are:

 

“Every project whose annual turnover is 50 million pounds and does not exceed 200 million pounds, or every newly established industrial project whose paid-in capital or invested capital, according to the circumstances, is 5 million pounds and does not exceed 15 million pounds, or every newly established non-industrial project whose paid-up or invested capital, according to the circumstances, amounts to 3 million pounds and does not exceed 5 million pounds."

 

 

While the law defines small projects as:

 

“Every project whose annual turnover is one million pounds and less than 5 million pounds, or every newly established industrial project whose paid-in capital or invested capital, according to the circumstances, is 50 thousand pounds and less than 5 million pounds. Or every modern non-industrial project Incorporation has a paid-up capital or invested capital, as the case may be, 50 thousand pounds and less than 3 million pounds.

 

 

And the micro-projects are:

 

“Every project whose annual turnover is less than one million pounds, or every newly established project whose paid-in capital or invested capital, according to the circumstances, is less than 50,000 pounds.

 

 

 

As for the newly established project, it is:

 

“A project that has not been established, registered or engaged in activity for more than two years.”