On Friday morning, Minister of the Economy Lex Delles, alongside representatives from the Chamber of Skilled Trades and Crafts and the Chamber of Commerce, unveiled a series of measures aimed at streamlining administrative procedures for small- and medium-sized enterprises (SMEs) in Luxembourg.
One of the key changes announced is the consolidation of all business startup procedures – from obtaining a business permit to registering for a VAT number – into a single process at the Ministry of the Economy. Currently, these steps take approximately one month to complete, but Minister Delles stated that the goal is to reduce this timeframe to between seven and ten working days by the end of the year. The minister also pledged to simplify the system for accessing financial aid.