The SARL-S and its main characteristics

Written on : 03/04/2024

SARL-S memento

The simplified limited liability company (SARL-S) is a form of commercial company that derogates from certain rules specific to the classic limited liability company (SARL).

The SARL-S aims to free entrepreneurs from certain constraints related to the creation of a SARL. Thus, the minimum share capital is reduced to one euro and its constitution can be carried out by private deed, without the intervention of a notary.

The SARL-S is a tool for immediate access to economic activity for new entrepreneurs.

The main features of SARL-S are:

  1. minimum share capital of €1,-
  2. does not require the intervention of a notary
  3. only natural persons can be associated (within the limit of a SARL-S)
  4. no dividend distribution
  5. operation identical to that of the classic SARL (manager or management board)
  6. partner liability limited to contributions
  7. requires a business license
  8. requires the presence of the manager in Luxembourg and the existence of a commercial lease contract

The SARL-s is depending on the activity carried out, subject to VAT and subject to various taxes (CIT, MBT, NWT).

The manager of the SARL-S must hold a business license in connection with the activity carried out by the company.

You want to create your SARL-S? You want assistance for one of the different stages of creation? Don’t wait any longer and contact us now! Our experts will assist & advise you throughout the incorporation process.