Mark Horner

The SME Market in Réunion

What is a Small to Medium Enterprise in Réunion?

Small and medium enterprises (SMEs) are businesses that maintain revenues, assets or a number of employees between certain thresholds. Each country has its own definition of what constitutes a small and medium-sized enterprise (SME). As Réunion is an overseas department and region of the French Republic, the definition will be based on that used across the European Union. Certain size criteria must be met and occasionally the industry in which the company operates in is taken into account as well.

Small and medium-sized enterprises in the European Union are defined as having a Staff head-count of between 10 and 250 employees, or a sales turnover (revenue) of between €2 m EUR and €50 m EUR, or a Balance sheet total of between €2 m EUR and €43 m EUR (assets).

How big is the SME Market in Réunion?

Small and medium-size enterprises play an important role in the economy of Réunion. They outnumber large firms considerably, employ large numbers of people and are entrepreneurial in nature, helping to shape innovation and support local communities.

Réunion has a population of over 859,959 people.

What help is available for SMEs in Réunion?

Help for small and medium enterprises (SMEs) in Réunion includes virtual peer-to-peer advisory boards. With our blended model utilising Zoom and supplemented by in person meetings we are able to support and grow businesses anywhere in the world. Our growing network of Regional Directors ensure that we will have suitable people to help you whatever your language or time zone.

Africa

Saint-Paul | Saint-Paul

Help for small and medium enterprises (SMEs) in Réunion includes virtual peer-to-peer advisory boards. With our blended model utilising Zoom and supplemented by in person meetings we are able to support and grow businesses anywhere in the world. Our growing network of Regional Directors ensure that we will have suitable people to help you whatever your language or time zone.