Malaysia Hotline: +603- 2141 8908
What is a SARL in Luxembourg?
A
Luxembourg SARL means a Societe a Responsabilite Limitee, which is actually a
limited liability company in Luxembourg. All the rules for setting up a limited
liability company in Luxembourg are stated in the commercial companies law and
it is usually the type of business structure that foreign investors choose due
to the simple administrative formalities.
What is the minimum share capital
for a SARL in Luxembourg?
A
minimum of 12,400 EUR is required for the incorporation of a Luxembourg SARL.
This sum has to be deposited in full before company registration in Luxembourg.
Contributions can be made in either cash or in kind and the capital will be
divided into shares. These shares must have the same value, which cannot be
lower than 24.79 EUR.
How many shareholders are
necessary for a SARL in Luxembourg?
The
requirements as far as the shareholders of a limited liability company in
Luxembourg are regarded are simple. The number of founders has to be between
two and forty. The liability of the founders for the company’s debts and
obligations is limited to their initial contributions.
What is the management structure
for a SARL in Luxembourg?
A
Luxembourg SARL must have a management board formed of at least one manager
appointed by the articles of association. If the incorporation documents do not
mention the name of the manager or managers, it is the responsibility of the
general meeting to make this choice. Managers have an important role in the
organization of a limited liability company in Luxembourg and they may even be
able to represent the company in front of third parties.
How can a SARL in Luxembourg be
verified?
If the
Luxembourg SARL has more than 25 shareholders, it is compulsory to have one or
more auditors that supervise the activity of the company. Also, of the balance
sheet of the company after two years exceed 3.125 million EUR or the turnover
exceeds 6.25 million EUR, supervision is mandatory. When a limited liability
company has more than 50 employees, it must have a commissaire aux comptes or
an auditor to evaluate the company’s activity. Auditors also prepare reports
regarding the financial activity of the Luxembourg SARL and submit them with
the registered office not later than seven months after the financial year has
ended.
Are there any other requirements
for a SARL in Luxembourg?
The
Ministry of Middle Classes issues business licenses for all companies in
Luxembourg, including limited liability companies. An application has to be
submitted in order to obtain this permit.
Contact
us
If
you have further queries, please contact Tannet
24
hours Malaysia hotline：603-21418908;
24
hours Hong Kong hotline：852-27837818;
24
hours Hong Kong hotline：86-755-
36990589;
Email:
mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my