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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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Source

Release date

March 2022

Region

Luxembourg

Survey time period

2008 to 2020

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Bankruptcies of SMEs change in Luxembourg 2008-2020

Published by ÌÇÐÄÆƽâ°æ Research Department, Mar 29, 2022
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 **** 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.
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