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GUIDELINE FOR SME DEFINITION

GUIDELINE FOR SME DEFINITION Issued by: SME Corp. Malaysia Secretariat to the National Entrepreneur and SME Development Council 1 I. Background Since 2005, a common DEFINITION for SMEs endorsed by the National Entrepreneur and SME Development Council (NESDC)1 [formerly known as the National SME Development Council (NSDC)] has been adopted across Ministries and agencies, financial institutions and regulators involved in SME development programmes. The DEFINITION is as follows: Manufacturing (including agro-based) and Manufacturing-related Services: Sales turnover of less than RM25 million OR full-time employees of less than 150 Primary Agriculture and Services (including ICT): Sales turnover of less than RM5 million OR full-time employees of less than 50 II.

Public-listed companies in the main board such as Bursa Malaysia or ... oil palm, cocoa, pepper etc.) and cash crops (e.g. vegetables, fruits etc.) – Livestock – Forestry & logging – Marine fishing ... the definition of small scale companies for incentives under Malaysian Investment Development Authority (MIDA) and corporate tax treatment ...

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