Establishment of Companies
- The establishment of a Société Anonyme, like that of an SARL, takes place through a notarial act deposited with the trade register and published in the RESA
Capital
- SA: The subscribed capital is at least €30,000. One-quarter must be paid by each shareholder.
- SARL: The subscribed capital is at least €12,000, fully paid up
Shares
- SA: bearer or registered shares, if the capital is fully paid up. Bearer shares must be deposited with a custodian.
- SARL: for this type of company, shares are only registered
Shareholders
- The shareholders of a Société Anonyme can be one or more individuals or legal entities, whether Luxembourgish or foreign, resident or non-resident
- For the SARL, the “shareholders” are one or more partners, individuals or legal entities, whether Luxembourgish or foreign, resident or non-resident
General Meeting
- In the SA, the Ordinary General Meeting meets once a year on the date set by the articles of association. The same applies to the SARL if the number of partners exceeds 60
Board of Directors
- The board of directors of a Société Anonyme must consist of at least 3 people (or one if there is only one shareholder). For the SARL, it includes one or more managers
Auditor and Financial Statements
- Subject to the vote on Bill No. 8286, an auditor is required for the Société Anonyme
- For both the SA and SARL, the balance sheet must be filed once a year with the RC
