SME – Does my company need this Certificate?

Society's SME certificate is essential to access support lines, such as the Covid Line – Support to the Economy

To end the chapter on companies, we now draw your attention to the need and advantage of having our company certified by IAPMEI (Institute for Supporting Small and Medium Enterprises and Innovation), with regard to SME certification (micro, small or medium enterprise).

In order for this certification to be possible, it must follow the criteria defined in European legislation – Commission Recommendation of 6 May 2003. We would like to highlight, from now on, the number of employees in the company, the turnover and the total balance sheet.

It is possible, from the outset, to verify, through these criteria, how your company would be qualified:

During this difficult period that we are going through, many barriers have been created and, in order to find ways to keep your company, it is sometimes necessary to go ahead with requests for funding.

During this pandemic, several companies turned to financial entities for financing, with the objective of obtaining credit lines, treasury financing, investment or even financing for startups.

The Covid Line – Support to the Economy was one of the most sought after, including by individual businessmen, with several election criteria.

In order to pursue these requests, there are several elements to be presented to the financial entities and one of them is the company's SME certificate.

SME certification is a service that is only obtained online. Although the certificate is easily obtained through an electronic form, it is necessary to point out that the process is not that linear or easy.

We give a typical example of a company with two partners, who, in addition to this, are also partners in other companies, one of them being a sole proprietor.

So, what happens here is that all the relevant information from the other companies must also be entered in order to complete the form, as well as the identification of all the remaining partners of the other companies.

All citizens can access the PME Certification platform and request the desired service.

However, we would like to point out again that if there are doubts and difficulties in requesting these services, you can always turn to a Solicitor, a professional who will assist you in formalizing and implementing them.

 

Author: Tânia Fernandes is a solicitor

 

Note: Article published under the partnership between the Sul Informação and the Order of Solicitors and Enforcement Agents

 

 

 

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