No. | Country | Definition of Small Business |
1 | European Union (EU) | The European Union (EU) regulations defined small business as any business that has ten to fifty (10 to 50) employees, with an annual turnover of greater than two million euro and less than ten million euro |
2 | Albania | The Albanian legislation also considers small business as any business that has more than fifty (50) employees with an annual balance sheet of not more than fifty million euro |
3 | Nigeria | Small business is defined as any business with capital ranging from twenty thousand naira to thirty million naira |
4 | Ghana | According to Ghana Statistical Service (GSS), small business is any enterprise with less than ten (10) workers |
5 | Liberia | In Liberia, small business is classified as any enterprise with total number of employees ranging from four to twenty (4 to 20) |