Mikroettevõtteks

Mikroettevõtteks refers to a micro-enterprise in Estonia. This legal classification is defined by its small size in terms of both employee numbers and financial metrics. Specifically, a micro-enterprise is typically characterized by having fewer than 10 employees and an annual turnover or balance sheet total that does not exceed a certain threshold, which is usually set in Euros.

The concept of a micro-enterprise is significant within Estonian business law and taxation. These small businesses often benefit from simplified accounting procedures and potentially more favorable tax treatment compared to larger entities. This categorization aims to support the creation and growth of very small businesses, which are considered crucial for a dynamic economy.

The definition can be subject to change based on legislative updates, so it's important to consult the latest Estonian Companies Act or related regulations for the precise current criteria. Micro-enterprises play a vital role in the Estonian economy, often forming the backbone of local communities and offering specialized services or products. They represent a fundamental part of the entrepreneurial landscape, fostering innovation and employment at a grassroots level.