Number of bankruptcies of SMEs in Luxembourg 2007-2020
This statistic shows the total number of bankruptcies of small and medium enterprises (SMEs) in Luxembourg from 2007 to 2020. As of 2020, insolvencies in Luxembourg reached a total of approximately 1.2 thousand. 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.
