The Luxembourg - Simplified Private Limited Liability Company (S.à r.L.-S)
The bill of law n°6777 (the “Bill of Law”) dated 21 January 2015 regarding the introduction of a simplified private limited liability company (“société à responsabilité limitée simplifiée” with the acronym “S.à r.l.-S”) into Luxembourg law, enacted on 23 July 2016 and published in the Mémorial A – Recueil de Législation Nr. 157 dated 4 August 2016 is effective and became law as of today, 16 January 2017.
As a reminder and as described in our newsletter dated 14 July 2016 (http://www.wvant.com/news/simplified-private-limited-liability-company-luxembourg), the main features of the S.à r.l.-S are:
(i) minimum share capital of EUR 1.-;
(ii) shareholders reserved to physical persons only; and
(iii) no notary involvement required.
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