New form of company in Luxembourg

The government of Luxembourg submitted a bill number 6777, which brings changes to the law of the Grand Duchy “On commercial companies” of 1915.

The bill proposes a new company organization form – “S.à r.l.-S” – a simplified private limited liability company (Société à responsabilité limitée Simplifiée).

The main features of the new form, according to the bill №6777, are:

- The company may only be established by a natural person(s) for a defined or undefined period of time;

- Authorized capital of the company may be from 1 to 12 394.68 euros;

- The company may be managed only by natural persons.

Source:

http://www.gouvernement.lu/4378710/23-gouvernement-sarls