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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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Portugal

Portugal has made strong efforts to simplify administrative and licensing procedures for SMEs. The time to start a business and to transfer a property were both brought down to one day. However there is room for further improvements as procedures in Portugal remain more complex than the OECD median. The Enterprise Space, a one-stop service for entrepreneurs, was reinforced in 2017 with an online version, the Entrepreneur Office. The programmes Simplex+2016, +2017 and +2018 promote further simplification and ICT use in procedures and Abolish+ aims to eliminate obsolete legal texts. Corporate taxes have been cut and SMEs are provided with new tax benefits on land properties, reinvested profits or capital remuneration.

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