Kisvállalati

Kisvállalati is a Hungarian term that translates to "small enterprise" or "small business." It refers to companies that fall within specific size thresholds as defined by Hungarian law and European Union recommendations. These thresholds typically relate to the number of employees, annual turnover, and balance sheet total.

The classification of a company as a kisvállalati is important for several reasons. Such businesses often benefit from simplified administrative procedures, reduced tax burdens, and access to specific government support programs designed to foster their growth. These programs can include grants, low-interest loans, and advisory services.

The concept of kisvállalati is crucial for the Hungarian economy, as small and medium-sized enterprises (SMEs) form the backbone of employment and innovation. They are recognized for their flexibility, adaptability, and ability to respond quickly to market changes. Hungarian legislation and economic policies aim to create a favorable environment for these smaller entities to thrive, contribute to economic development, and create jobs. The specific criteria for classification can be updated periodically to align with national and EU economic objectives.