väikeettevõtte

Väikeettevõte refers to a small business entity. In Estonia, the classification of a company as a väikeettevõte is typically based on its size, primarily measured by its number of employees and annual turnover or balance sheet total. These criteria are often aligned with European Union definitions for small and medium-sized enterprises (SMEs).

Generally, a väikeettevõte is an independent, privately owned company that operates with a limited number of employees, usually below a certain threshold such as 50. The annual turnover or balance sheet total also falls below specific financial limits, which are periodically updated to reflect economic changes. These financial thresholds are also typically set by national legislation, often mirroring EU recommendations.

Väikeettevõtted play a crucial role in the Estonian economy. They are known for their flexibility, agility, and ability to innovate. They contribute significantly to job creation and economic growth, often serving local markets and providing specialized services or products. Due to their size, they can adapt more quickly to market changes compared to larger corporations.

Government support and programs are often available to väikeettevõtted to encourage their development and competitiveness. These initiatives can include access to funding, advisory services, and training programs. Understanding the definition and characteristics of a väikeettevõte is important for businesses seeking to benefit from these support mechanisms and for analyzing the overall economic landscape of Estonia.