Major Advantages for Companies through Obtaining EU Small and Medium-Sized Enterprise Status

Small and medium-sized enterprises (SMEs) are the backbone of Europe’s economy, representing 99% of all EU businesses. SMEs are often innovative companies2 that require additional support to navigate EU regulatory procedures. The European Commission (EC) recognizes and offers additional support via Regulation (EC) No. 2049/2005. This whitepaper explores product development incentives that are available to SMEs and how companies can obtain SME designation, even if they are headquartered outside of the EU.

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