This is according to Decree No. 1547, November 9, 2001. (Law on the Promotion and Development of Small and Medium Industries SMI), Article 3 the purposes of this Decree Law means: Small Industry, the unit of economic exploitation by a legal person from engaging in production of industrial goods and related services, including the following parameters: 1.1 Plant workers with an annual average no less than eleven (11) nor more than fifty workers (50) workers. 1.2 Annual sales between nine thousand and one (9001) tax units and one hundred thousand (100,000) tax units. Medium Industries, the unit of economic exploitation by a legal person from engaging in production of industrial goods and related services, including the following parameters: 2.1 Plant workers with an annual average of not less than fifty-one (51) employees or more than one hundred (100) workers.
2.2 Annual Sales hundred thousand one (100 001) tax units and two hundred fifty thousand (250,000) tax units. We are reminded in a forum on this topic, in Venezuela, according to the Central Office Statistics and Information (OCEI), a micro-enterprise has fewer than five employees, a small is between 5 and 20, a median between 21 and 100 employees and has over 100 large. The number of employees of a company does not reflect its production capacity or adding value to their products and services. Two micro-enterprises may be equal in number of employees, but are very different if one produces software and other testing. Therefore, some countries use different measures of company size the number of employees.