Updated rules for SME classification
A new decision has been issued in Bahrain, categorizing economic enterprises into three groups based on the number of employees and total annual revenue, with the aim of regulating the small and medium-sized enterprise sector. The classifications are as follows: Micro enterprises include those with five or fewer workers and revenues up to 300,000 Bahraini dinars; Small enterprises include those with 6 to 50 workers and revenues between 300,000 and 4 million dinars; and Medium enterprises include those with 51 to 250 workers and revenues ranging from 4 million to 20 million dinars. The classification relies on two criteria and aims to organize and document the database of such enterprises through an electronic system that determines the category and issues certificates. The decision takes effect from the day after its publication.
Notice: This Is an AI-Generated Summary
Comments (0)