Limited Liability Company in Luxemburg
The number of co-partners is minimally 1 (s.a.r.l. unipersonelle) and maximally 40. The basic capital must be minimally 12,394.68 EUR and registered and paid to its full extend. The Law from 28 December 1992 has introduced an opportunity for formation of so called "one-member company" which is liable to the same principles as Ltd..
- The Co-partners Assembly: Consists of all co-partners, the act of the annual co-partners assembly is not necessary if a number of co-partners does not exceed 25. The shares of a company can be withdrawn or eventually sold only with a permission of the Co-partners Assembly, representing minimum 75% of the joint capital:
- Company Administrator:Limited Liability Company is led by one or more administrators who do not have to be co-partners and can be foreigners, eventually needn´t have a permanent address in Luxemburg.
- Auditors:The Internal Auditing Body is necessary from a number of partners 25 and consists of commissioners who do not have to be co-partners. The regulations related to taking on external auditors are the same as at the Public Limited Corporation.
(c) INTERNATIONAL ECONOMICS AUSTRIA (IEA) )