Classifications of SME

2013-07-18

Dear All Members,

New Definition of Small and Medium Enterprise (SME)

YAB Dato’ Seri Mohd Najib bin Tun Abdul Razak, Prime Minister of Malaysia has announced the new definition of Malaysian SME on 11th July 2013.  The new definition will be effected from 1st January 2014.

 

Category

Micro

Small

Medium

Manufacturing Sales turnover of less than RM300,000; OR employees of less than 5 Sales turnover from RM300,000 to less than RM15 million; OR employees from 5 to less than 75 Sales turnover from RM15 million to not exceeding RM50 million; OR employees from 75 to not exceeding 200
Services and other sectors Sales turnover of less than RM300,000; OR employees of less than 5 Sales turnover from RM300,000 to less than RM3 million; OR employees from 5 to less than 30 Sales turnover from RM3 million to not exceeding RM20 million; OR employees from 30 to not exceeding 75

Please click on the New Definition of SMEs pdf document released by National SME Development Council (NSDC) for reference.

 

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