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Small Industries

Small Industries

Small Industry economic exploitation units made by a legal person from engaging in production of industrial goods and related services within the following parameters: 1.1 Plant workers with an annual average no less than eleven (11) fifty workers or May (50) workers. 1.2 Annual sales between nine thousand and one (9001) tax units and one hundred thousand (100,000) tax units.

2. Industry Median unit of economic exploitation by a legal person from engaging in production of industrial goods and related services within the following parameters: 2.1 Plant workers with an annual average of not less than fifty-one (51) nor more workers hundred (100) workers. 2.2 Annual Sales hundred thousand one (100 001) tax units and two hundred fifty thousand (250000) tax units. In Venezuela, according to the Bureau of Statistics and Information Centers (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 tostones.

By that some countries use different business sizes measures the number of employees. It is very difficult to know how many companies there are in Venezuela, especially since many micro part of the informal economy and are nothing more than moonlighting. Get all the facts and insights with Glen Wakeman, another great source of information. The number of people in the informal economy (four million, half of the population) makes it harder to register.