Classification of MSMEs in Guatemala

New parameters have been defined for the classification of companies according to the number of employees and annual sales.

Friday, September 25, 2015

From a statement from the Ministry of Economy (Mineco):

The new definition was approved by Governmental Agreement 211-2015, published today. Officially, throughout the national territory, a company is a production unit that conducts processing, services or trade.

A microenterprise is one that has 1 to 10 employees and maximum annual sales of 190 non-agricultural minimum wages, between Q 2,530.34 and Q 480,764.60 for 2015; A small business, between 11 and 80 workers, with annual sales of between 190 to 3.700 minimum wages, equivalent to Q and Q 9,362,258.00 483,294.94 respectively.

Medium sized enterprises are those which have between 81 and 200 employees and annual sales of between 3.701 to 15.420 non-agricultural minimum wages, between Q and Q 9,364,788.30 39,017,843.00. Those that exceed these parameters are considered large firms.

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