In addition to the definition of SMEs above, please see also the following definition for qualifying enterprises:
“Branch” has the same meaning as it has in Commission Regulation (EU) 651/2014 of 17 June 2014 declaring certain categories of aid compatible with the internal market in application of Articles 107 and 108 of the Treaty, and includes an establishment within the meaning of that Regulation.
“Qualifying Enterprises” means:
(a) an SME established, or with a branch (as defined above), in the State, or
(b) a Small Mid-cap established, or with a branch (as defined above), in the State.
“Commission Recommendation” means Commission Recommendation (2003/361/EC) of 6 May 2003 concerning the definition of micro, small and medium-sized enterprises.
“SMEs” means a micro, small or medium-sized enterprise within the meaning of the Commission Recommendation (as defined above).
“Small Mid-Cap Enterprise” means an enterprise within the meaning of Article 1 of Title I of the Annex to the Commission Recommendation (as defined above) which:
(a) has not more than 499 employees calculated in accordance with Articles 3, 4, 5 and 6 of Title I of the Annex of the Commission Recommendation, and
(b) is not an SME.