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OECD SME and Entrepreneurship Outlook 2019

image of OECD SME and Entrepreneurship Outlook 2019

The new OECD SME and Entrepreneurship Outlook presents the latest trends in performance of small and medium-sized enterprises (SMEs) and provides a comprehensive overview of business conditions and policy frameworks for SMEs and entrepreneurs.

This year’s edition provides comparative evidence on business dynamism, productivity growth, wage gaps and export trends by firm size across OECD countries and emerging economies. It explores the implications of digitalisation and globalisation for market conditions and SME access to strategic resources such as finance, skills, technology, data and other innovation assets. The report gives comparative analysis of regulatory frameworks and policies to enhance contributions by SMEs and entrepreneurs, and delivers a forward-looking perspective on the opportunities and challenges SMEs and entrepreneurs face in doing business and scaling up their activities. It also contains country profiles outlining the latest developments in national SME performance and business conditions, with expanded country profiles available on line.

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Luxembourg

Luxembourg presents relatively favourable framework conditions to business, such as low complexity of procedures, low costs for enforcing contracts and time to comply with taxation. On the other hand, Luxembourg ranks low in terms of strength of insolvency framework, with long procedures and discharge from bankruptcy, and barriers in service and network sectors are relatively high. In recent years several stringent regulations were eased: fixed tariffs for services of architects and engineers were abolished and the procedure for issuing housing permits was simplified. In 2017, a simplified form of société à responsabilité limitée ("S.à r.l.-S"), also dubbed “1-1-1 companies” (one person, one euro, in one day) entered in force to facilitate the start-up and development of new business activities

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