Micro, Small & Medium Enterprise Development in the Caribbean: Towards A New Frontier - | 156
APPENDIX 5: COUNTRY & DONOR DEFINITIONS OF MSMES BY PARAMETERS
1. CARIBBEAN COUNTRIES & Source document
EMPLOYEES
JAMAICA
Micro: < $16,340
(excluding land/build-
ing)
Micro Investment Dev’t Agency (MIDA)
ANNUAL TURNOVER
NOTES
(US$)
MONTSERRAT
Small - $185,185 or less Small - $370,370 or less
Micro & Small Business Bill
Micro - $27,780 or less Micro - $37,040 or less
2013
SABA
SAINT LUCIA
ASSETS (US$)
No Current Definition. Most businesses are
Small: < $400,000
Small: ≤ 50
small. No formal definitions for medium businesses.
‘98 Income Tax Act # 11
An enterprise is considered either small or large.
SAINT LUCIA
Small: ≤ 50
Small: ≤ $185,185
Small: ≤ $37,037,000
The majority of firms
Micro & Small Scale
Micro: ≤ 5
Micro: ≤ $27,780
Micro: ≤ $37,030
in St. Lucia are micro-
Small: < $400,000
No formal definitions for
Business Enterprise Act 19,
businesses.
1998 (amended 2001, 2009) SAINT LUCIA
Small: ≤ 40
Small: < $200,000
Small Enterprise Dev’t Unit
medium businesses. An enterprise is considered either small or large.
SAINT MAARTEN
Medium: ≤ $674,150 Small: ≤ $337,000 or less; Micro: ≤ $100,800 or less
Many enterprises have fewer than five employees and little capital. SMEs are therefore classified based on gross turnover.
ST. BARTHELEMY
Medium/Small: Medium/Small: <
Medium/Small: <
2008 Act
< 250
$59,190,500
$48,310,900
No Current Definition. ST. EUSTATIUS
Most businesses are smal