This statistic shows the percentage change on the previous year of the number of bankruptcies of small and medium enterprises (SMEs) in Luxembourg from 2008 to 2020. As of 2020, insolvencies in Luxembourg decreased by approximately five percent when compared to the previous year. In Luxembourg, both foreign individuals and companies are allowed to set up trade in the country. Industrial, commercial, craft businesses, accountants, architects and financial consultants are required to apply for a business permit (in French: autorisation d'établissement). The persons must prove their professional qualifications and management skills before the permit will be granted.
Percentage change on previous year of the number of bankruptcies of small and medium enterprises (SMEs) in Luxembourg from 2008 to 2020
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OECD. (March 29, 2022). Percentage change on previous year of the number of bankruptcies of small and medium enterprises (SMEs) in Luxembourg from 2008 to 2020 [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/818451/bankruptcies-of-smes-change-in-luxembourg/
OECD. "Percentage change on previous year of the number of bankruptcies of small and medium enterprises (SMEs) in Luxembourg from 2008 to 2020." Chart. March 29, 2022. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/818451/bankruptcies-of-smes-change-in-luxembourg/
OECD. (2022). Percentage change on previous year of the number of bankruptcies of small and medium enterprises (SMEs) in Luxembourg from 2008 to 2020. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/818451/bankruptcies-of-smes-change-in-luxembourg/
OECD. "Percentage Change on Previous Year of The Number of Bankruptcies of Small and Medium Enterprises (Smes) in Luxembourg from 2008 to 2020." Statista, Statista Inc., 29 Mar 2022, https://www.statista.com/statistics/818451/bankruptcies-of-smes-change-in-luxembourg/
OECD, Percentage change on previous year of the number of bankruptcies of small and medium enterprises (SMEs) in Luxembourg from 2008 to 2020 Statista, https://www.statista.com/statistics/818451/bankruptcies-of-smes-change-in-luxembourg/ (last visited November 22, 2024)
Percentage change on previous year of the number of bankruptcies of small and medium enterprises (SMEs) in Luxembourg from 2008 to 2020 [Graph], OECD, March 29, 2022. [Online]. Available: https://www.statista.com/statistics/818451/bankruptcies-of-smes-change-in-luxembourg/
