Understanding SME
Learn how SMEs are classified and how it impacts your eligibility for financing and government support.
What is SME?
Effective Date: 1 January 2014
An SME (Small and Medium Enterprise) in Malaysia is defined based on annual sales turnover or number of employees, depending on the business sector.
The Malaysian Government introduced a revised SME definition effective 1 January 2014, approved by the National SME Development Council (NSDC).
This update raised the thresholds for sales turnover and employment, allowing more businesses—especially in the services sector—to qualify as SMEs.
