väikeettevõtet

Väikeettevõte refers to a small business. In Estonia, the classification of a väikeettevõte is typically determined by the number of employees and the company's annual turnover or balance sheet total. These thresholds are aligned with European Union definitions. Generally, a company is considered a small enterprise if it has fewer than 50 employees and an annual turnover or balance sheet total that does not exceed €10 million.

Small businesses form a significant part of the Estonian economy, contributing to job creation, innovation, and local economic development. They are often characterized by their flexibility and ability to adapt quickly to market changes. The Estonian legal framework provides support and special regulations for small businesses, aiming to foster their growth and competitiveness. These can include simplified reporting requirements and access to various funding programs.

The term väikeettevõte encompasses a wide range of enterprises, from sole proprietorships and partnerships to private limited companies. They operate across various sectors, including retail, services, manufacturing, and technology. The success of väikeettevõtted is crucial for a healthy and dynamic economic landscape, as they often represent the entrepreneurial spirit of the nation.